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UK median full-time pay rises 6.9% to 37,430 pounds, ONS says
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Swedish economy in recession, preliminary data shows
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Oil prices little changed though US reserve bid lends support
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Stocks gain, oil falls 6%; big tech-related earnings on tap this week
London stocks rise amid broader gains, commodity shares limit climb
Date: October 28, 2024
By Shubham Batra and Nikhil Sharma (Reuters) -The UK’s benchmark FTSE 100 rose on Monday in a broader rally led by travel and leisure shares, as well as aerospace and defence stocks, though losses in commodity-linked companies restricted overall gains. The blue-chip FTSE 100 gained 0.43% by 1601 GMT, while the midcap FTSE 250 was...
Yen under pressure after Japan election
Date: October 28, 2024
By Laura Matthews, Tom Westbrook, Stefano Rebaudo NEW YORK/SINGAPORE (Reuters) -The yen hit three-month lows against the dollar on Monday, as Japan’s ruling coalition’s election loss raises political and monetary policy uncertainty, while the U.S. dollar headed for its biggest monthly gain since April 2022. The dollar rose by as much as 1% to a...
Sterling on track for biggest monthly fall since September 2023 vs dollar
Date: October 28, 2024
By Stefano Rebaudo (Reuters) – The pound was on track for its biggest monthly fall since September 2023 against the dollar while being roughly unchanged versus the euro with markets focused on major central banks‘ monetary easing paths. Bank of England officials showed last week a more cautious approach to policy easing, with Governor Bailey...
Analysis-Markets gear up for two wild weeks of elections and rate moves
Date: October 28, 2024
By Harry Robertson and Naomi Rovnick LONDON (Reuters) – Investors globally are piling into the U.S. dollar and betting on rising volatility ahead of a crucial two weeks in which the United States picks a president, Japan faces political paralysis, three major central banks set interest rates and the new UK government presents its budget....
Clear Street poaches metals traders from LME floor trader Sigma, sources
Date: October 25, 2024
By Pratima Desai and Julian Luk LONDON (Reuters) – U.S. broker Clear Street, which is seeking membership of the London Metal Exchange’s (LME) open outcry trading floor, has poached three metal traders from Sigma Broking, two sources familiar with the matter said. A unit of the broker, Clear Street Futures headed by Chris Smith, is...
Dollar gains for fourth week as investors grow jittery
Date: October 25, 2024
By Amanda Cooper LONDON (Reuters) -The dollar was set for a fourth weekly gain on Friday, as an uncertain backdrop for markets sent the yen near three-month lows ahead of an election in Japan over the weekend that could complicate the Bank of Japan’s (BOJ) plans to normalise rates. The dollar held steady, underpinned by...