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FTSE 100 hovers near two-month high; Abrdn drops on earnings miss
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German economy to lose $265 billion in added value due to war, high energy prices-study
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Two more grain ships leave Ukraine, bringing total to 12 under new deal
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Exclusive-Bank of England will probably need to raise rates again, Ramsden says
Exclusive-Bank of England would sell gilts even if it cuts rates in future, Ramsden says
Date: August 9, 2022
By Andy Bruce and William Schomberg LONDON (Reuters) – The Bank of England would press on with plans to gradually sell its vast stock of British government bonds even if an economic slowdown eventually forces it to cut interest rates, Deputy Governor Dave Ramsden said. The BoE is primed to become the first major central...
European shares slip with U.S. inflation data in focus
Date: August 9, 2022
By Shreyashi Sanyal (Reuters) -European shares dipped on Tuesday as investors cautiously waited for key U.S. inflation data later in the week for hints on the Federal Reserve’s next move on interest rate increases. The pan-European STOXX 600 index fell 0.3%, retreating after logging its best session in nearly two weeks on Monday. Declines on...
Eastbound gas flows via Yamal-Europe pipeline rise
Date: August 9, 2022
LONDON (Reuters) – Eastbound gas flows via the Yamal-Europe pipeline to Poland from Germany rose significantly on Tuesday while physical flows via the Nord Stream 1 pipeline from Russia to Germany remained stable. Exit flows at the Mallnow metering point on the German border stood at 4,433,549 kilowatt hours per hour (kWh/h) on Tuesday morning,...
Rising interest rates boost Legal & General-CEO
Date: August 9, 2022
By Carolyn Cohn LONDON (Reuters) -Rising interest rates are helping Legal & General’s business, its chief executive said on Tuesday as the British life insurer recorded an above-forecast 8% rise in first-half operating profit and said it was on track to meet or beat its financial goals. Markets have fallen this year as central banks...
Dollar stuck ahead of key U.S. inflation print
Date: August 9, 2022
By Dhara Ranasinghe LONDON (Reuters) – The dollar lurked below recent highs on Tuesday as traders awaited this week’s key U.S. inflation print for any signs that price pressures are finally abating and that the need for further aggressive U.S. interest rate hikes is easing. Unexpectedly strong U.S. jobs data on Friday had boosted the...
Stocks slip as caution reigns ahead of U.S. inflation data
Date: August 9, 2022
By Tom Wilson and Julie Zhu LONDON/HONG KONG (Reuters) – Shares edged lower and the dollar hung off recent highs on Tuesday as investors eyed U.S. inflation data due a day later that will likely yield clues to any further aggressive Federal Reserve rate hikes. The stakes are high for the July U.S. consumer prices...