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Britain’s asset managers call for blockchain funds regime
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German yields set for biggest jump since Mar 2020 after Fed minutes, China stimulus headline
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European shares march higher on auto, commodity boost
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Euro just off two-decade low, volatility at highest since March 2020
Chipmakers revive stocks as euro struggles after freefall
Date: July 7, 2022
By Huw Jones LONDON (Reuters) – Chipmakers revived stock markets on Thursday, helping to sooth investor worries over a potentially rapid recession because of looming rate hikes, while the euro struggled near a 20-year parity with the safe-haven dollar. Sterling rose 0.6% after reports that Britain’s Prime Minister Boris Johnson will resign following a string...
Russia attends G20 meeting set to be dominated by Ukraine conflict
Date: July 7, 2022
By Stanley Widianto NUSA DUA, Indonesia (Reuters) – Russian Foreign Minister Sergei Lavrov was on the Indonesian island of Bali on Thursday preparing for a G20 gathering that will be his first face-to-face meeting with the fiercest critics of his country’s invasion of Ukraine. The G20 foreign ministers’ meeting runs until Friday in host country...
EDF seeks new CEO as France plans full nationalisation
Date: July 7, 2022
PARIS (Reuters) -EDF and the French government on Thursday said the process of finding a new boss for the utility starts immediately, a day after the government announced its plan to fully renationalise the debt-laden power giant. “The state and Jean-Bernard Levy have agreed to launch the succession process from now,” the French economy ministry,...
Dollar continues dream run, little stands in its way
Date: July 7, 2022
By Hari Kishan BENGALURU (Reuters) – The U.S. dollar will remain strong for at least the next three months as it basks in both expectations for aggressive Federal Reserve interest rate rises and safe-haven appeal stemming from global recession fears, a Reuters poll of FX analysts showed. The recent sell-off in risk assets and bond...
Analysis-Recession fears deal blow to rare 2022 market winner: US energy shares
Date: July 6, 2022
By Lewis Krauskopf NEW YORK (Reuters) – A rally in U.S. energy shares is crumbling, as fears of a global recession have prompted investors to take profits in one of the few corners of the stock market that has thrived this year. The S&P 500 energy sector is still up 20% year-to-date, bucking a broader...
Increasingly isolated, Boris Johnson pledges to fight on
Date: July 6, 2022
By Elizabeth Piper, Kate Holton and Alistair Smout LONDON (Reuters) – Britain’s Boris Johnson vowed on Wednesday to fight on and not give in to a chorus of calls for him to resign, but his defiant pledge to keep going was met with derision and disregard from a mounting number of his own lawmakers. With...