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Sterling extends bounce off recent lows as U.S. election in focus
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Dollar slips, stocks edge up before tight US election
Trading
Dollar drops to two-week low as investors take profit on ‘Trump trades’
Trading
Euro zone investor morale slightly up, but ‘turnaround looks different’
European shares open flat as tech losses offset mining, energy gains
Date: November 4, 2024
(Reuters) – European shares were flat at the open on Monday as losses in tech stocks offset gains in resources-linked shares, while the focus remains on the U.S. presidential elections. The pan-European STOXX 600 held firm at 510.73 points as of 0809 GMT, with technology stocks among the top sectoral decliners, down 0.6%. STMicroelectronics, Europe’s...
Oil prices jump over 1% on delayed OPEC+ output hike
Date: November 4, 2024
By Colleen Howe BEIJING (Reuters) -Oil prices rose by more than $1 in early trading on Monday after OPEC+ said on Sunday it would delay a planned December output hike by one month due to soft demand and rising supply outside the group. Brent futures rose by $1.18 per barrel, or 1.61%, to $74.28 a...
Markets start big month on cautious footing as US jobs data looms
Date: November 1, 2024
By Stella Qiu and Alun John SYDNEY/LONDON (Reuters) – Markets started what could be a momentous month warily, with shares steady and Treasury yields near four-month highs ahead of U.S. jobs data, with volatility in British government bonds after this week’s budget adding to the sense of nervousness. Friday’s nonfarm payrolls report is in focus...
Pound set for worst weekly losses since 2018 after budget jolt
Date: November 1, 2024
LONDON (Reuters) – The pound stabilised on Friday after a volatile few sessions, but still headed for its longest stretch of weekly losses in nearly six years, as political and monetary uncertainty has prompted investors to favour the dollar lately. UK finance minister Rachel Reeves this week delivered her first budget since the Labour party...
Morning Bid: A November to remember..
Date: November 1, 2024
A look at the day ahead in European and global markets from Stella Qiu Asian markets started what promises to be a momentous month on the cautious side, with investors shunning risk assets ahead of Friday’s U.S. jobs data and next week’s presidential election. Most Asian shares were down, led by a 2.3% drop in...
Global economy set to cruise at a solid 3% growth rate next year
Date: November 1, 2024
By Hari Kishan BENGALURU (Reuters) -Global economic growth will maintain its robust pace next year as major central banks implement a series of interest rate cuts against the backdrop of a strong U.S. economy, according to a Reuters poll of around 500 economists. Next week’s hotly-contested U.S. presidential election could limit the growth picture, however,...