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Wall Street Hits Record High; Dollar, Treasury Yields Surge as Trump Wins Presidency
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Commodity Prices Fall After Donald Trump Elected US President
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Fx Traders Brace for Wild Moves After US Election
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UK Consumer Spending Slowed Before Last Week’s Budget, Retailers Say
Sterling Extends Bounce Off Recent Lows as U.S. Election in Focus
Date: November 4, 2024
By Medha Singh (Reuters) – The British pound bounced against a tepid dollar on Monday ahead of high-stakes events this week that include U.S. elections and a Bank of England interest rate decision. Sterling rose 0.4% to $1.297, coming off of its longest string of weekly losses in nearly six years. It fell to a...
Dollar Slips, Stocks Edge up Before Tight US Election
Date: November 4, 2024
By Koh Gui Qing and Tom Wilson NEW YORK/LONDON (Reuters) -The dollar fell while stocks eked out slim gains on Monday as investors treaded carefully before the U.S. presidential election that will impact the world economy, with a U.S. Federal Reserve interest rate cut also expected later in the week. In the U.S. presidential race,...
Dollar Drops to Two-Week Low as Investors Take Profit on ‘Trump Trades’
Date: November 4, 2024
By Medha Singh and Wayne Cole (Reuters) -The dollar dipped on Monday as investors braced for wide-ranging implications for the global economy this week from the outcome of U.S. elections and a likely interest rate cut from the Federal Reserve. The euro jumped 0.7% to $1.0906. The dollar fell nearly 1% on the yen to...
Euro Zone Investor Morale Slightly Up, but ‘turnaround Looks Different’
Date: November 4, 2024
BERLIN (Reuters) – Investor morale in the euro zone rose for a second consecutive month in November, though by slightly less than expected, as somewhat greater satisfaction with the current situation boosted the overall mood, a survey showed on Monday. The Sentix index for the euro zone rose to -12.8 in November from -13.8 in...
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...