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Oil pares gains ahead of Fed Reserve comments
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Global stock index dips while bond yields, dollar climb
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EU launches first phase of world’s first carbon border tariff
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Tesla misses delivery estimates as factory upgrades curb production
Germany’s Birkenstock targets over $9 billion valuation in US IPO
Date: October 2, 2023
Germany’s Birkenstock targets over $9 billion valuation in US IPO By Manya Saini (Reuters) -Birkenstock, the German premium footwear brand backed by private-equity firm L Catterton, said on Monday it is seeking a valuation of up to $9.2 billion in its highly anticipated U.S. initial public offering (IPO). The company and its stockholders are expecting...
London stocks kick off Q4 lower as rising yields bite
Date: October 2, 2023
London stocks kick off Q4 lower as rising yields bite By Johann M Cherian and Bansari Mayur Kamdar (Reuters) -London stocks gave up early gains and closed lower on Monday as rising yields pushed equities down, while defence firm BAE Systems was among the few bright spots on the large-cap index after winning a contract...
France kicks off bird flu vaccination despite trade backlash risk
Date: October 2, 2023
France kicks off bird flu vaccination despite trade backlash risk By Sybille de La Hamaide PARIS (Reuters) -France began vaccinating ducks against bird flu on Monday to try and stem the virus that killed millions of birds worldwide, a move that prompted the United States to impose trade restrictions on French poultry imports. France has...
Euro zone factory activity stuck in steep downturn in Sept – PMI
Date: October 2, 2023
Euro zone factory activity stuck in steep downturn in Sept – PMI LONDON (Reuters) – Euro zone manufacturing activity remained mired in a deep and broad-based downturn last month, according to a survey which showed on Monday that demand kept shrinking at a pace rarely surpassed since the data was first collected in 1997. HCOB’s...
STOXX 600 sinks to six-month low on higher bond yields
Date: October 2, 2023
STOXX 600 sinks to six-month low on higher bond yields By Sruthi Shankar, Shristi Achar A and Siddarth S (Reuters) -European stocks kicked off the final quarter on a negative note as higher bond yields pressured equities and as data showed factory activity in the euro zone remained in a broad-based downturn. The pan-European STOXX...
Hungarian and US scientists win Nobel for COVID-19 vaccine discoveries
Date: October 2, 2023
Hungarian and US scientists win Nobel for COVID-19 vaccine discoveries By Ludwig Burger and Niklas Pollard STOCKHOLM (Reuters) -Hungarian scientist Katalin Kariko and U.S. colleague Drew Weissman, who met in line for a photocopier before making mRNA molecule discoveries that paved the way for COVID-19 vaccines, won the 2023 Nobel Prize for Medicine on Monday....