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German engineering orders deepen decline in March, reports VDMA
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SocGen Q1 profit slumps less than expected as investment bank surprises
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Analysis-Traders prep for another round of yen whack-a-mole
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Oil edges back towards 7-week low after resilient US jobs data
Greek summer wildfire threat nears, outpacing plans to contain it
Date: May 2, 2024
Greek summer wildfire threat nears, outpacing plans to contain it By Angeliki Koutantou ATHENS (Reuters) – When firefighters arrived at a blaze in a pine forest on the Greek island of Rhodes last July, flames were already leaping above the trees into the night sky. The volunteers needed to act fast, but dense vegetation on...
Euro zone factory activity takes turn for the worse in April, PMI survey shows
Date: May 2, 2024
Euro zone factory activity takes turn for the worse in April, PMI survey shows By Jonathan Cable LONDON (Reuters) -The downturn in manufacturing activity across the euro zone deepened in April due to crumbling demand despite factories cutting prices, pushing firms to reduce headcount again, a survey showed on Thursday. But it was something of...
Sterling gives back some Fed-inspired gains, eyes on local elections
Date: May 2, 2024
Sterling gives back some Fed-inspired gains, eyes on local elections By Samuel Indyk LONDON (Reuters) – The British pound slipped against the dollar, having risen the day before after the Federal Reserve’s policy meeting, while investors were playing down the impact UK local elections on Thursday might have on the currency. The pound was last...
UK set for weak growth and highest inflation in G7, OECD says
Date: May 2, 2024
UK set for weak growth and highest inflation in G7, OECD says By Andy Bruce LONDON (Reuters) -Britain will suffer some of the lowest rates of economic growth and highest inflation among Group of Seven countries this year and next, forecasts from the Organisation of Economic Co-operation and Development suggested on Thursday. The OECD cut...
European shares struggle for direction in earnings tide, Fed decision
Date: May 2, 2024
European shares struggle for direction in earnings tide, Fed decision By Ankika Biswas (Reuters) -European shares flitted in a tight range on Thursday, after falling to a one-week low in early trade, as investors returned from a mid-week holiday to gauge a slew of earnings and the Federal Reserve signalling a delay in interest rate...
FTSE 100 boosted by strong earnings from Shell, StanChart
Date: May 2, 2024
FTSE 100 boosted by strong earnings from Shell, StanChart By Pranav Kashyap and Sruthi Shankar (Reuters) – Britain’s blue-chip share index rose on Thursday as shares of Shell and Standard Chartered jumped after strong results, while investors also took comfort from the Federal Reserve dismissing the possibility of more interest rate hikes. The blue-chip FTSE...