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UK prices rise on cooler, less windier weather
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Spain’s 12-month inflation resumes upwards trend after April dip
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How a cheap component could help kill off combustion cars
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Analysis-How the Ukraine conflict is reshaping global oil markets
Euro zone sentiment barely changed in May, inflation expectations ease
Date: May 30, 2022
BRUSSELS (Reuters) – Euro zone economic sentiment barely changed in May as slightly greater optimism in services and among consumers offset an ebbing of confidence in industry, data showed on Monday. The European Commission’s monthly survey showed economic sentiment in the 19 countries sharing the euro inched higher to 105.0 in May from 104.9 in...
FTSE 100 hits one-month high, Countryside soars after takeover approach
Date: May 30, 2022
(Reuters) -UK’s FTSE 100 hit over one-month highs on Monday, as an easing of China’s COVID-19 curbs lifted spirits across Asian and European markets, while Countryside soared after its shareholder made a second approach to buy the homebuilder. The blue-chip FTSE 100 climbed 0.4% to hit its highest level since April 22, while the midcap...
Sterling steady near one-month high
Date: May 30, 2022
LONDON (Reuters) – The British pound traded little changed against a faltering U.S. dollar on Monday but was still set for its first monthly gain in five as the risk-sensitive currency benefited from improving sentiment. As markets have readjusted their rate hike expectations from the Federal Reserve lower, the dollar index has weakened over 3.5%...
JSW Steel to maintain shipments to Europe without passing on cost of India’s new export tax
Date: May 30, 2022
By Neha Arora NEW DELHI (Reuters) – India’s largest steel producer, JSW Steel Ltd, will continue to supply products to its buyers in Europe without passing on any increase in costs despite New Delhi’s decision to impose an export tax, a senior company official said on Monday. India recently imposed an export tax of 15%...
European shares rise as luxury stocks shine on China hopes
Date: May 30, 2022
By Susan Mathew (Reuters) -European shares scaled over three-week highs on Monday as easing COVID-19 restrictions and new stimulus in China helped carry on last week’s optimism, while investors looked for more economic data this week, including German inflation. Authorities in China’s commercial hub of Shanghai will cancel many conditions for businesses to resume work...
Stocks rise, dollar struggles on Fed bets
Date: May 30, 2022
By Wayne Cole and Danilo Masoni SYDNEY/MILAN (Reuters) – World shares rose on Monday and the dollar was pinned near five-week lows on hopes of an eventual slowdown in U.S. monetary tightening following sharp interest rate hikes in June and July. Helping to mellow the mood was news that Shanghai authorities would cancel many restrictions...