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European shares kick off 2024 on dour note; tech stocks lead declines
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For investors, 2024 is year of transition to a new economic order
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Oil prices stable as economic headwinds offset Red Sea disruptions
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Global stocks retreat, Treasury yields rise as rate cut optimism fades
Japan quake toll rises to 55 with many trapped under possibly thousands of homes
Date: January 2, 2024
Japan quake toll rises to 55 with many trapped under possibly thousands of homes By Kiyoshi Takenaka, Sakura Murakami and Kantaro Komiya WAJIMA, Japan (Reuters) – A powerful earthquake that hit Japan on New Year’s Day killed at least 55 people, with rescue teams struggling in freezing temperatures on Tuesday to reach coastal areas where...
Oil prices settle down 3% as Red Sea shipping disruptions ease
Date: December 28, 2023
Oil prices settle down 3% as Red Sea shipping disruptions ease By Shariq Khan BENGALURU (Reuters) -Oil prices fell 3% on Thursday as more shipping companies said they were ready to transit the Red Sea route, easing concerns about supply disruptions as Middle Eastern tensions stay elevated. The more active Brent crude futures for March...
Red Sea shipping workarounds add costs, delays for suppliers, retailers
Date: December 28, 2023
Red Sea shipping workarounds add costs, delays for suppliers, retailers By Lisa Baertlein LOS ANGELES (Reuters) -Toymaker Basic Fun’s team that oversees ocean shipments of Tonka trucks and Care Bears for Walmart and other retailers is racing to reroute cargo away from the Suez Canal following militant attacks on vessels in the Red Sea. Suppliers...
Dollar hits 5-mth low against euro as Fed seen closer to rate cuts
Date: December 28, 2023
Dollar hits 5-mth low against euro as Fed seen closer to rate cuts By Karen Brettell NEW YORK (Reuters) -The dollar slipped to a five-month low against the euro and a basket of currencies on Wednesday on expectations the Federal Reserve could soon cut U.S. interest rates. But with many traders out for holidays volumes...
World stocks at highest in over a year on rate cut bets
Date: December 28, 2023
World stocks at highest in over a year on rate cut bets By Koh Gui Qing and Dhara Ranasinghe NEW YORK/LONDON (Reuters) -World stocks rallied to their highest level in more than a year on Wednesday, while the U.S. dollar hit a five-month low, as expectations mounted that key central banks such as the Federal...
Asia shares at 5-month highs as rate cut bets pile up
Date: December 28, 2023
Asia shares at 5-month highs as rate cut bets pile up By Wayne Cole SYDNEY (Reuters) -Asian shares scaled five-month peaks on Thursday as market wagers on ever-more aggressive rate cuts extended a huge rally in U.S. stocks and bonds, while also leaving plenty of scope for disappointment in the new year. The S&P 500...