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Norway wealth fund will not invest in private equity, government says
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European stocks gain, dollar strong as traders cut Fed easing bets
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Pound hits five-month low as dollar rallies on lower Fed bets
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STOXX 600 climbs over 1% on rate-cut optimism
London shares eye weekly gains as miners spark rally
Date: April 12, 2024
London shares eye weekly gains as miners spark rally By Pranav Kashyap and Khushi Singh (Reuters) -British equities rose on Friday and were set for weekly gains, led by metal miners, while data showed that the economy grew for a second straight month in February, on course to exit a shallow recession. The exporter-heavy FTSE...
Analysis-Europe stands firm against US-driven ESG backlash
Date: April 12, 2024
Analysis-Europe stands firm against US-driven ESG backlash By Simon Jessop, Ross Kerber and Isla Binnie (Reuters) – Steady investor demand in Europe for environmental and socially responsible investments and wide-ranging regulation are helping Europe’s finance industry withstand political pressures that have pushed some U.S. peers to backtrack on their green agendas. In the United States,...
ECB holds rates, signals rate cut on horizon
Date: April 11, 2024
LONDON (Reuters) -The European Central Bank kept interest rates unchanged on Thursday, but signalled that it may be preparing to ease policy as inflation eases. It has left rates at a record high since September as both inflation and the economy weaken, with markets anticipating a rate cut in June even as the U.S. Federal...
FTSE 100 edges lower as financials drag; ECB meeting in focus
Date: April 11, 2024
FTSE 100 edges lower as financials drag; ECB meeting in focus By Khushi Singh and Pranav Kashyap (Reuters) -UK’s FTSE 100 edged lower on Thursday as a sell-off in financials weighed, while investors moved their focus from hotter-than-expected U.S. inflation data to the European Central Bank’s interest rate decision later in the day. The internationally-exposed...
Europe’s SMEs need one set of rules, report to say
Date: April 11, 2024
Europe’s SMEs need one set of rules, report to say By Giselda Vagnoni (Reuters) – Europe’s export-oriented small businesses should be offered a single regulatory framework with the same rules governing their activities wherever they operate in the region, a report to be presented to national leaders next week will propose. The report is being...
Bank of England’s Greene says rate cuts should be “a way off”
Date: April 11, 2024
Bank of England’s Greene says rate cuts should be “a way off” (Reuters) -Bank of England policymaker Megan Greene said interest rate cuts in Britain should remain “a way off” because of the persistence of inflation pressure, which is still more of a threat than in the United States. Greene said that markets were wrong...