Investing
Investing
Oil Jumps 2.5% as No Immediate Saudi Output Boost Expected
Investing
Saipem Shares Fall Below Issue Price as Banks Prepare for Stake Sale
Investing
European Shares Rebound With Focus on Italian Politics, Earnings
Investing
FTSE 100 Gains but Set for Weekly Losses on Slowdown Worries
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...
European Shares Slide After Hot U.S. Inflation, Euro Falls Below Parity
Date: July 13, 2022
By Susan Mathew and Devik Jain (Reuters) -European shares fell sharply on Wednesday, after U.S. inflation for June came in higher than expected, raising bets about a more aggressive Federal Reserve next week and pushing the euro below parity with the dollar. Data showed U.S. consumer prices accelerated to 9.1% in June as gasoline and...
Analysis-Bear Market Puts ESG Investing to Its First Big Test
Date: July 13, 2022
By Cole Horton and Ross Kerber (Reuters) – Investing based on environmental, social, and corporate governance (ESG) principles became a $35 trillion industry on the back of a long run-up in stocks that lasted from 2009 until the start of this year. Investors now have to decide whether they will stick with it when making...
FTSE 100 Falls as UK’s Surprise Growth Fails to Ease Recession Fears
Date: July 13, 2022
By Sruthi Shankar (Reuters) -UK’s blue-chip FTSE 100 fell more than 1% on Wednesday in a wider market selloff ahead of a crucial U.S. inflation data, with a surprise growth in Britain’s economy failing to assuage recession worries. The FTSE 100, which houses several global companies that draw a large part of their revenue in...