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Dollar dips as traders focus on US rate cuts next year
Top Stories
Sterling steady but set for 5% rally in 2023
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European shares start last week of 2023 on strong footing
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World stocks at highest in over a year as rate cut hopes hold firm
Oil stabilises as investors watch for Red Sea developments
Date: December 27, 2023
Oil stabilises as investors watch for Red Sea developments By Robert Harvey LONDON (Reuters) -Oil prices stabilised on Wednesday after the previous day’s strong gains as investors monitored Red Sea developments, with some major shippers resuming passage through the trade route despite continued attacks and broader Middle East tensions. Brent crude futures was down 17...
Dollar touches five-month low on rate cut hopes in thin market
Date: December 27, 2023
Dollar touches five-month low on rate cut hopes in thin market By Samuel Indyk and Ankur Banerjee LONDON (Reuters) -The dollar slipped to a five-month low on Wednesday and the euro touched a four-month peak on expectations that the Federal Reserve could soon cut interest rates, but thin year-end trading flows limited moves. With many...
Self-driving cars could be on UK roads by 2026 -minister
Date: December 27, 2023
Self-driving cars could be on UK roads by 2026 -minister LONDON (Reuters) – Self-driving cars could be on some British roads by 2026, the country’s transport minister Mark Harper said on Wednesday. Cars with full self-driving technology are not currently permitted on Britain’s roads but the government’s Automated Vehicles (AV) legislation is going through parliament,...
Technology, sportswear makers pull down European shares
Date: December 22, 2023
Technology, sportswear makers pull down European shares By Khushi Singh and Ankika Biswas (Reuters) -European shares inched lower on Friday, weighed down by technology and sportswear makers, while investors were on tenterhooks ahead of a crucial U.S. inflation print and markets assessed domestic data to back bets of lower interest rates next year. The pan-European...
UK recession might be under way after economy shrinks in Q3
Date: December 22, 2023
UK recession might be under way after economy shrinks in Q3 By William Schomberg and Sarah Young LONDON (Reuters) -Britain’s economy might be in a recession, according to data that showed it shrank between July and September, shortly after finance minister Jeremy Hunt took the rare step of suggesting the Bank of England might cut...
Italy business and consumer morale pick up in December
Date: December 22, 2023
Italy business and consumer morale pick up in December ROME, Dec 22 (Reuters) – Morale amongst Italian businesses and consumers increased in December, data showed on Friday, offering hope of an pick-up in economic activity for the euro zone’s third largest economy at the start of next year. Statistics bureau ISTAT’s composite business morale index,...