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Investing
European shares jump over 1% as cyclicals advance
Investing
Italy’s bond yields rise sharply as Draghi government on brink
Investing
World stocks gain, dollar dips as investors weigh spending data, inflation scares
Investing
Oil jumps 2.5% as no immediate Saudi output boost expected
Saipem shares fall below issue price as banks prepare for stake sale
Date: July 15, 2022
By Giulio Piovaccari MILAN (Reuters) -Shares in Saipem on Friday tumbled below the issue price for new stock in a hyper-dilutive cash call that fell short of the 2 billion euro ($2.01 billion) target the Italian energy services firm sought from investors to shore up its finances. By 1000 GMT Milan-listed shares were down 26.5%...
European shares rebound with focus on Italian politics, earnings
Date: July 15, 2022
By Susan Mathew (Reuters) -Automakers and retail stocks on Friday led a rebound in European shares from a two-day rout that saw investors grapple with shifting expectations of U.S. interest rate hikes, a political crisis in Italy and recession risks. Italian shares rose 1.4%, bouncing off 2-1/2 year lows hit in the previous session as...
FTSE 100 gains but set for weekly losses on slowdown worries
Date: July 15, 2022
By Sruthi Shankar (Reuters) -Oil and defensive stocks on Friday lifted London’s FTSE 100 index, which was still set for a weekly loss on worries about aggressive interest rate hikes and a sharp slowdown in China’s economy. The blue-chip FTSE 100 added 0.6%, supported by energy giant Shell and British American Tobacco. The domestically focussed...
Take Five: A world of pain, about to get worse
Date: July 15, 2022
(Reuters) – The European Central Bank is late to the rate-hike party but at least it’s on its way, unlike the Bank of Japan. But both banks will find their plans for tackling the inflation versus growth dilemma confronting the world’s central banking elite examined closely. The news elsewhere could make for more grim reading....
European shares fall as rate hike bets keep investors cautious
Date: July 14, 2022
By Elizabeth Howcroft LONDON (Reuters) – European shares fell on Thursday and the safe-haven dollar rose after the latest red-hot U.S. inflation reading increased investor fears about Federal Reserve rate hikes and a possible recession. Wednesday’s data showed U.S. consumer prices jumped 9.1% year-on-year in June, up from May’s 8.6% rise. The data was seen...
European shares fall, Italian stocks slide on political worries
Date: July 14, 2022
(Reuters) – European shares fell on Thursday, hurt by rising bets of more aggressive rate hikes by the Federal Reserve after a sharp spike in U.S. inflation, while Italy’s main index tumbled 1% as the country’s government faces collapse. The pan-European STOXX 600 index slipped 0.3% by 0711 GMT. It had fallen 1% on Wednesday...