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Bitcoin Jumps to Record as Trump’s Election Turbocharges Cryptocurrencies
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Europe’s Stoxx up 1% at Start of Data-Packed Week
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Dollar Underpinned Before US Inflation Data, Fed Speakers
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Nov 8-Oil Settles Down 2% on Receding Hurricane Risk, Lackluster China Stimulus
Dollar Braces for US Inflation Data and Several Fed Speakers
Date: November 11, 2024
By Wayne Cole SYDNEY (Reuters) – The dollar started in a cautious mood on Monday as markets braced for U.S. inflation data and a throng of Federal Reserve speakers this week, while the yuan nursed a hangover from Beijing’s latest underwhelming stimulus package. Highlighting the weak background in China, data out over the weekend showed...
Russia Explores Plan to Merge Rosneft With Gazprom Subsidiary and Lukoil, Wsj Reports
Date: November 9, 2024
(Reuters) – Russia is working on a plan to merge state-backed Rosneft Oil with Gazprom Neft and Lukoil, creating the world’s second-biggest crude oil producer, the Wall Street Journal reported on Friday. Talks between executives and government officials took place over the past few months, and a deal may or may not happen, the newspaper...
Dollar on Track for Weekly Gain After Trump Election Win
Date: November 9, 2024
By Karen Brettell and Stefano Rebaudo (Reuters) -The dollar rose on Friday and was heading for a 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 immigration, lower...
India Says Oil Prices Would Have Rocketed Without Its Russian Imports
Date: November 9, 2024
NEW DELHI (Reuters) – Global oil prices “would have hit the roof” if big importer India had not bought oil from Russia following the Ukraine war, India’s oil minister said, adding that prices would determine where the country buys oil from. India, the world’s third largest oil importer and consumer, has become the top buyer...
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...