investing
Investing
Investors fear earnings season will spark new equities selloff
Investing
UK stocks climb more than 1% after Boris Johnson quits as PM
Investing
European shares march higher on auto, commodity boost
Investing
Chipmakers revive stocks as euro struggles after freefall
European shares climb as Norway oil strike ends
Date: July 6, 2022
By Devik Jain and Susan Mathew (Reuters) -European shares rallied on Wednesday after Norwegian oil and gas workers ended their strike, easing energy supply worries, while Just Eat Takeaway.com jumped 15.5% after Amazon agreed to buy a stake in its Grubhub business. The continent-wide STOXX 600 was up 1.7%, after ending 2.1% lower in the...
UK markets brace for prolonged political uncertainty
Date: July 6, 2022
By Saikat Chatterjee and Samuel Indyk LONDON (Reuters) -British markets braced for more political uncertainty on Wednesday, with investors keen to see if the new finance minister loosens the purse strings and wondering whether Prime Minister Boris Johnson will survive an exodus of support. The pound dropped to more than two-year lows against the dollar...
Scalded by Russia, investment funds tread carefully in China
Date: July 6, 2022
By Sujata Rao and Tommy Wilkes LONDON (Reuters) -China, the only big economy promising a growth rebound this year, is again luring foreign investors. Yet the fear that Beijing may someday end up as ostracised from global markets as Russia is keeping a lid on demand. The scale and coordination of Western sanctions on Russia...
If history repeats itself, equities set for brief relief in July
Date: July 6, 2022
By Joice Alves LONDON (Reuters) – If history is any indicator of the future, the first two weeks of July could bring relief to investors after a bruising first half of the year. World stocks have shed more than $20 trillion in value since hitting record highs in January. Most major markets are firmly entrenched...
Weak sterling boosts FTSE 100 amid political, growth worries
Date: July 6, 2022
By Sruthi Shankar (Reuters) -UK stock markets on Wednesday rebounded from a sharp sell-off, with exporter-heavy FTSE 100 benefiting from a weakness in sterling as economic worries were compounded by a crisis in Boris Johnson’s government. The FTSE 100 rose 1.2% to recover from its worst session in three weeks, boosted by shares of dollar...
European shares climb on easing energy worries as Norway strike ends
Date: July 6, 2022
By Devik Jain (Reuters) -European shares rose on Wednesday as an end to strike by Norwegian oil and gas workers eased worries of energy supply crunch, while Just Eat Takeaway.com jumped after Amazon agreed to buy a stake in unit Grubhub. The continent-wide STOXX 600 was up 1.7%, after ending 2.1% lower in the previous...