trading
Trading
Sterling firms after 3-day slide against sagging dollar
Trading
Oil prices ease, Russia, Iran tensions check losses
Trading
ECB policy should not remain restrictive for too long, chief economist says
Trading
Dollar climbs, euro weakens to two-year low after PMI data
Weaker pound takes FTSE 100 to best week in six months
Date: November 22, 2024
By Nikhil Sharma (Reuters) -Britain’s FTSE 100 recorded its biggest weekly gain in more than six months on Friday as a slide in sterling supported dollar earners, while banks came under pressure from weak business activity data. The blue-chip FTSE 100 ended the day 1.4% higher, and logged a 2.5% weekly rise, its best since...
Bitcoin bursts past $94,000 for the first time
Date: November 21, 2024
By Medha Singh and Ankur Banerjee (Reuters) – Bitcoin rose to a fresh record high above $94,000 as a report that Donald Trump’s social media company was in talks to buy crypto trading firm Bakkt boosted expectations of a crypto-friendly regime under his incoming administration. Bitcoin, the world’s biggest and best-known cryptocurrency, has more than...
UK midcap shares dragged lower by CMC Markets
Date: November 21, 2024
By Sruthi Shankar (Reuters) – The UK’s midcap index fell to its lowest in three months on Thursday after a disappointing trading update from CMC Markets, while sportswear retailer JD Sports Fashion sank following a profit warning. The FTSE 250 index of domestically oriented companies dipped 0.1% by 1133 GMT, trading at its lowest since...
London stocks subdued after hot inflation data; Sage soars
Date: November 20, 2024
(Reuters) – UK’s FTSE indexes were subdued on Wednesday, as hotter-than-expected inflation data tempered expectations for quick interest rate cuts, and overshadowed optimism around software company Sage’s upbeat quarterly profit. The export-focused FTSE 100 edged up 0.07%, with the technology sector surging 6.9% to touch a record high. Sage Group reported a better-than-expected 21% rise...
Stocks rise with cooling geopolitics ahead of Nvidia earnings
Date: November 20, 2024
By Amanda Cooper LONDON (Reuters) – Global shares rose on Wednesday as a cooling of tensions between Russia and the West injected some confidence among investors ahead of earnings from artificial intelligence darling Nvidia, while bitcoin hit a new record high and the dollar edged up. Safe-haven assets such as gold and government bonds got...
Europe’s STOXX 600 regains steam, tech stocks lead charge
Date: November 20, 2024
By Ankika Biswas and Joao Manuel Vicente Mauricio (Reuters) -Europe’s main stock index was set to snap a three-session streak of declines on Wednesday as technology stocks rebounded, while safe-haven bids took a backseat as investors monitored ongoing developments around the Ukraine-Russia conflict. A day after Russia lowered its threshold for a nuclear strike, Reuters...