Trading
Trading
Oil Prices Steady Ahead of Imminent Opec+ Decision; Geopolitical Turmoil in Focus
Trading
Euro Steady Ahead of French No-Confidence Vote, Won Roiled by Political Crisis
Trading
South Korea Lifts Martial Law, Relieving Some Market Uncertainty
Trading
Euro Gains as Crisis Comes to a Head; South Korean Won Cuts Losses as Martial Law Lifted
UK Competition Watchdog Looks Into $3.32 Billion Blackrock-Preqin Deal
Date: December 4, 2024
(Reuters) – Britain’s competition regulator said on Tuesday it was considering whether asset management firm BlackRock’s 2.55 billion pound ($3.23 billion) acquisition of UK data firm Preqin would raise competition concerns in the local market. The Competition and Markets Authority, which has not yet launched its formal probe into the deal announced in June, has...
UK’s FTSE 100 Extends Winning Streak as Energy Stocks Climb
Date: December 4, 2024
(Reuters) – Britain’s FTSE 100 gained for a fifth straight session on Tuesday as higher oil prices lifted energy shares, while SSP surged after the Upper Crust owner raised hopes of an improvement at its continental European business. The blue-chip FTSE 100 rose 0.56%, hovering near a six-week high touched in the previous session. The...
South Korean Won, ETFs Tumble After Govt Declares Martial Law
Date: December 3, 2024
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The South Korean won dropped to a more than two-year low against the U.S. dollar on Tuesday, while exchange traded funds linked to South Korean stocks fell after President Yoon Suk Yeol declared martial law in an unannounced late-night address live on YTN television. The South Korean unit fell...
Euro Tiptoes Higher, France Turmoil Keeps Investors on Edge
Date: December 3, 2024
By Amanda Cooper LONDON (Reuters) -The euro rose on Tuesday, regaining some poise after political turmoil in France sent traders scrambling for hedging protection against further price swings, while the yuan hit a 13-month low on tariff risks and weakness in China’s economy. The yen, which has gained nearly 4.5% in the last two weeks,...
Sterling Picks up Versus Dollar, Flat Against Euro
Date: December 3, 2024
LONDON (Reuters) – Sterling gained against the dollar on Tuesday after dovish comments from Federal Reserve Governor Christopher Waller and was steady against the euro as political turmoil in France kept investors on edge. The pound was last up 0.16% at $1.2678, recovering some of Monday’s 0.7% loss. In the last three months, the pound...
Tech Leads European Shares Higher, France’s Political Outlook in Focus
Date: December 3, 2024
(Reuters) – European shares opened higher on Tuesday, led by the tech and basic resources sectors, with investors on tenterhooks ahead of the outcome of France’s political instability this week as the likelihood of the government’s collapse has rocked the country’s markets. The pan-European STOXX 600 rose 0.2%, with the technology and basic resources sectors...