trading
Trading
Norway’s Sverdrup oilfield restores full output after outage
Trading
Oil little changed as market weighs mixed drivers
Trading
Stocks rise, oil settles slightly up as Russia-US tensions mount
Trading
Safe-haven currencies strengthen after Russia adjusts nuclear doctrine
UK’s FTSE 100 closes near one-week high, Melrose shines
Date: November 19, 2024
(Reuters) -UK’s FTSE 100 closed higher on Monday, with conglomerate Melrose topping the index following an upbeat trading update, while domestically-focussed midcaps closed lower as caution prevailed ahead of an inflation report due later in the week. The export-heavy FTSE 100 index rose 0.57% to a near one-week high, buttressed by a 3.2% jump in...
Revolut gets UK trading license, set to offer UK & EU stock trading
Date: November 19, 2024
(Reuters) – Fintech Revolut said on Monday it has got a UK trading license from the British financial regulator that will allow the company to offer trading of UK and EU-listed stocks and exchange-traded funds from 2025. The company, which recently secured a $45 billion valuation making it one of Europe’s most valuable fintechs, will...
Global shares soft; dollar, bond yields hold near multi-month highs
Date: November 18, 2024
By Samuel Indyk and Rae Wee LONDON (Reuters) -The U.S. dollar and bond yields held near multi-month peaks on Monday on expectations the Federal Reserve would slow its pace of easing, while global shares were mostly lower, with investors waiting for Nvidia’s earnings release later in the week. U.S. President-elect Donald Trump’s new administration is...
Dollar notches weekly gain as traders reassess rate cut expectations
Date: November 16, 2024
By Chibuike Oguh and Amanda Cooper NEW YORK/LONDON (Reuters) -The U.S. dollar was set for its biggest weekly gain in over a month on Friday, as markets reassessed expectations of future interest rate cuts and with the view that President-elect Donald Trump’s policies could be inflationary. The dollar has benefited from market expectation that Trump...
Oil demand to fall to 80-100 million bpd by 2035, says BP’s US chief economist
Date: November 16, 2024
(This Nov 13 story has been corrected to add ‘current trajectory scenario’ context in paragraph 1) HOUSTON (Reuters) – Global oil demand will fall to around 80 million barrels per day by 2035 in a net-zero environment, and 100 million bpd in the current trajectory scenario, BP’s chief U.S. economist told an energy conference in...
Sterling heads for worst weekly performance since January
Date: November 15, 2024
By Amanda Cooper LONDON (Reuters) – The pound headed for its biggest weekly loss since January on Friday, under pressure from weak UK economic data and a surging dollar that is getting a lift from investors’ conviction that Donald Trump’s policies will drive up U.S. growth and inflation. Britain’s economy contracted unexpectedly in September and...