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European shares to hit pause before rising again in 2025: Reuters poll
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Stocks stumble on inflation jitters, offsetting high Nvidia hopes
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UK inflation pressure stays hot, dashing hopes for June rate cut
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Dollar up as traders await Fed clues; sterling rises
US dollar dips vs yen after Fed’s Waller rules out rate hikes again
Date: May 21, 2024
US dollar dips vs yen after Fed’s Waller rules out rate hikes again By Gertrude Chavez-Dreyfuss and Stefano Rebaudo NEW YORK/MILAN (Reuters) – The U.S. dollar slipped against the yen on Tuesday in a choppy session, after Federal Reserve Governor Christopher Waller reiterated that rate hikes are unlikely at this point since inflation looks like...
Sterling steady ahead of expected drop in inflation
Date: May 20, 2024
Sterling steady ahead of expected drop in inflation By Harry Robertson LONDON (Reuters) – The pound held steady on Monday as markets waited for April inflation data later in the week which is expected to show the rate of UK price rises falling back to the Bank of England’s target. Sterling was unchanged from Friday’s...
Asking prices for UK homes hit record high, Rightmove says
Date: May 20, 2024
Asking prices for UK homes hit record high, Rightmove says LONDON (Reuters) – Prices of homes being put up for sale in Britain have hit record highs despite still expensive mortgage costs, but the pace of gains has slowed, according to data from property website Rightmove. The average asking price for residential properties touched 375,131...
Italy’s large deficit, debt could erode investor confidence, IMF warns
Date: May 20, 2024
Italy’s large deficit, debt could erode investor confidence, IMF warns By Giuseppe Fonte ROME (Reuters) – Italy’s huge budget deficit and debt along with delays in spending post-COVID EU funds could erode investor confidence, the International Monetary Fund warned on Monday. In its annual Article IV report on the Italian economy, the IMF urged the...
Wall St, world stocks advance, metals shine
Date: May 20, 2024
Wall St, world stocks advance, metals shine By Stephen Culp NEW YORK (Reuters) -U.S. stocks followed the example of their European counterparts, gaining ground on Monday while gold and copper touched all-time highs powered by investor optimism over cooling inflation and easing central bank policy. All three major U.S. stock indexes were green, led by...
European shares eke out gains amid interest rate uncertainty
Date: May 20, 2024
European shares eke out gains amid interest rate uncertainty By Sruthi Shankar and Johann M Cherian (Reuters) -European shares ended marginally higher on Monday, with defence stocks in the lead, but gains remained in check as investors awaited economic data against an uncertain backdrop on the outlook for interest rate cuts. The pan-European STOXX 600...