trading
Trading
Tech stocks hurt STOXX 600, ASML logs biggest one-day drop in 26 years
Trading
Inside China’s bid to build sway over global metals pricing
Trading
Dollar flat against peers as markets digest U.S. economic data
Trading
Dollar steady, focus on Fed path, China, Middle East
Morning Bid: PMIs to pave the way for rate cuts
Date: October 3, 2024
A look at the day ahead in European and global markets from Stella Qiu Services PMIs due across Europe on Thursday are likely to show further moderation in activity and cement expectations for rate cuts in the region, while potential rate moves in New Zealand and the U.S. are also in focus. Investors are...
Dollar drops after inflation data, Yen rebounds on Ishiba win
Date: September 27, 2024
By Chuck Mikolajczak NEW YORK (Reuters) -The dollar weakened on Friday after a reading of U.S. inflation indicated price pressures continue to cool, while the yen strengthened against the greenback after former defense minister Shigeru Ishiba was set to become Japan’s next prime minister. The U.S. personal consumption expenditures (PCE) price index rose 0.1% in...
European shares end marginally lower as energy stocks drop
Date: September 26, 2024
By Pranav Kashyap and Shashwat Chauhan (Reuters) -Europe’s STOXX 600 closed slightly lower on Wednesday as energy stocks tracked lower crude oil prices, while Germany’s SAP slipped on news that the U.S. is investigating the software developer over price-fixing claims. The pan-European STOXX 600 index closed 0.1% lower after two sessions of gains. SAP...
China stimulus pushes global shares to new peak, boosts commodities
Date: September 24, 2024
By Ankur Banerjee and Sruthi Shankar SINGAPORE/LONDON (Reuters) – World stocks hit a record high on Tuesday after China unveiled stimulus measures to support its economy and stock markets, sending Asian and European shares higher and triggering a bounce in commodity prices. People’s Bank of China (PBOC) Governor Pan Gongsheng announced plans to lower...
Sterling at two-year peak versus euro after PMI data
Date: September 24, 2024
(Reuters) – Sterling dipped against the dollar on Monday but touched a new two-year high versus the euro as business activity readings pointed to diverging economic cycles in the British and euro zone economies. The pound slipped 0.2% to $1.3298, hovering below a more than two-year high it touched against the dollar on Friday....
European shares edge higher as traders brace for data-packed week
Date: September 23, 2024
By Pranav Kashyap (Reuters) -European shares edged higher on Monday, though gains were capped by caution as investors tread carefully in anticipation of a wave of crucial economic data from the region this week. The pan-European STOXX 600 index was up 0.2% at 515.5 points. The benchmark posted its worst day in more than...