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Analysis: Global investment banking faces tougher times after blockbuster year
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Italy industry output jumps unexpectedly in April, getting Q2 off to strong start
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Czech inflation hits 16%, raising bets of big June rate hike
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Hungary price caps could stay in place if war is entrenched, Orban says
Rates must rise but ECB will fight fragmentation: policymakers
Date: June 10, 2022
PARIS/FRANKFURT (Reuters) -The European Central Bank needs to take “resolute” action to tame inflation but it is also fully determined to contain any undue increase in borrowing costs on the euro zone’s periphery, policymakers said on Friday. The ECB on Thursday flagged a 25 basis point interest rate hike in July and said a bigger...
Shanghai to lock down millions again for mass COVID testing
Date: June 10, 2022
By Brenda Goh and Martin Quin Pollard SHANGHAI/BEIJING (Reuters) – China’s commercial hub of Shanghai will lock down millions of people for mass COVID-19 testing this weekend – just 10 days after lifting its gruelling two-month lockdown – unsettling residents and raising concerns about the business impact. Racing to stop a wider outbreak after discovering...
Risking EU clash, Britain pushes post-Brexit Northern Ireland bill
Date: June 10, 2022
LONDON (Reuters) -Britain will present legislation to parliament on Monday to unilaterally revise the post-Brexit trade arrangements for Northern Ireland, raising the risk of a trade war and a new clash with Brussels. Foreign Secretary Liz Truss will present the bill to the House of Commons, according to a parliamentary order paper published on Friday....
Take Five: Give me an FOMC, BOE, BOJ and SNB
Date: June 10, 2022
It’s a central-bank heavy week ahead, with the U.S. Federal Reserve expected to deliver its second straight half-point rate hike to bring inflation under control. Britain and Sweden, too, will likely lift interest rates again, while Switzerland may be getting ready to join the rate-hike club. In contrast, the Bank of Japan should confirm it’s...
Analysis: China’s regulatory thaw leaves investors eager yet uneasy
Date: June 10, 2022
SHANGHAI/HONG KONG (Reuters) – As Chinese authorities signal that a two-year crackdown on the domestic technology sector is over, global investors are relieved and yet loath to take the government at its word. Foreign investors have been returning to mainland markets since May as its stringent COVID-19 lockdowns ease and after pledges from China’s highest...
Gap between U.S. and European equity flows deepens-BofA
Date: June 10, 2022
LONDON (Reuters) – Investors continued to pull out money from European equity funds while adding exposure to U.S. stocks as global markets recovered from the lows hit at the end of May, BofA said on Friday in a research note citing EPFR data for the week to Wednesday. Overall, the asset class saw $12 billion...