trading
Trading
Dollar braces for US inflation data and several Fed speakers
Trading
Russia explores plan to merge Rosneft with Gazprom subsidiary and Lukoil, WSJ reports
Trading
Dollar on track for weekly gain after Trump election win
Trading
India says oil prices would have rocketed without its Russian imports
CMA CGM’s profit jumps on buoyant shipping demand
Date: November 9, 2024
By Gus Trompiz PARIS (Reuters) – Strong global demand pushed up CMA CGM’s third-quarter profit while the current quarter was seeing a rush to ship goods from China, the shipping group said on Friday as it played down the risk to trade from possible U.S. tariffs. The French company reported a net profit of $2.73...
S&P 500 blows past 6,000 points on Trump presidency
Date: November 9, 2024
By Dhara Ranasinghe and Koh Gui Qing NEW YORK/LONDON (Reuters) -The U.S. S&P 500 zoomed past 6,000 points on Friday to a new record while Treasury yields retreated, as investors again cheered Donald Trump’s decisive victory, although disappointment about China’s latest fiscal support dampened the mood elsewhere. A day after the Federal Reserve delivered a...
European shares log third week of declines on China, tariff jitters
Date: November 8, 2024
By Shashwat Chauhan and Sruthi Shankar (Reuters) -Europe’s benchmark STOXX 600 logged its third consecutive week of declines on Friday, hurt by underwhelming stimulus measures from China as well as concerns about tariffs under a Trump presidency hurting economic growth. The pan-European STOXX 600 closed down 0.6%, with China-exposed sectors such as miners and luxury...
Dollar on track for weekly gain after Trump election win
Date: November 8, 2024
By Karen Brettell and Stefano Rebaudo (Reuters) – The dollar rose on Friday and was heading for a slight weekly gain as investors evaluated the likely impact on the American economy of Tuesday’s election of Republican Donald Trump as U.S. president. Analysts expect Trump’s policy proposals — including more trade tariffs, a clampdown on illegal...
Oil prices fall as Hurricane Rafael expected to start weakening
Date: November 8, 2024
SINGAPORE (Reuters) -Oil prices fell slightly on Friday as the risk that a hurricane in the Gulf of Mexico will significantly affect U.S. oil and gas output declined, while the market weighs how President-elect Donald Trump’s policies might affect supplies. Brent crude oil futures fell 53 cents, or 0.7%, to $75.10 per barrel by 0742...
Stocks hit record for second day, yields dip after Fed cut
Date: November 8, 2024
By Koh Gui Qing and Kevin Buckland NEW YORK/LONDON (Reuters) -Shares on Wall Street scaled record highs on Thursday, lifting stock markets around the world, while U.S. Treasury yields retreated further after the Federal Reserve cut interest rates and as investors processed a second Donald Trump presidency. The Fed lowered rates by 25 basis points...