Trading

Image for European shares end marginally lower as energy stocks drop

Trading

European Shares End Marginally Lower as Energy Stocks Drop

Image for China stimulus pushes global shares to new peak, boosts commodities

Trading

China Stimulus Pushes Global Shares to New Peak, Boosts Commodities

Image for Sterling at two-year peak versus euro after PMI data

Trading

Sterling at Two-Year Peak Versus Euro After PMI Data

Image for European shares edge higher as traders brace for data-packed week

Trading

European Shares Edge Higher as Traders Brace for Data-Packed Week

Image for Oil climbs on Middle East escalation fears, US Fed rate cut

Oil Climbs on Middle East Escalation Fears, US Fed Rate Cut

Date: September 23, 2024

By Gabrielle Ng and Emily Chow SINGAPORE (Reuters) -Oil prices rose on Monday, buoyed by concerns that heightened conflict in the Middle East may curtail regional supply and expectations last week’s outsized U.S. interest rate cut will support demand. Brent crude futures for November were up 22 cents, or 0.3% at $74.71 a barrel...

Image for Asia stocks, Wall St futures edge up; China trims repo rate

Asia Stocks, Wall St Futures Edge Up; China Trims Repo Rate

Date: September 23, 2024

By Wayne Cole SYDNEY (Reuters) -Asian stocks firmed on Monday ahead of central bank meetings that are widely expected to deliver two more rate cuts and key U.S. inflation figures that should flash a green light for more easing there. China’s central bank surprised many by lowering its 14-day repo rate by 10 basis...

Image for Sterling rises vs dollar, euro boosted by strong UK retail sale data

Sterling Rises vs Dollar, Euro Boosted by Strong UK Retail Sale Data

Date: September 20, 2024

By Linda Pasquini (Reuters) – Sterling edged up against the dollar and the euro on Friday, as strong UK retail sale data provided an extra boost to the currency’s upbeat trend. The pound briefly hit $1.33405, touching March 2022 highs for the third consecutive day, but pared earlier gains to $1.32975. It gained 1.23% on...

Image for Dollar edges lower in choppy trading after Fed rate cut

Dollar Edges Lower in Choppy Trading After Fed Rate Cut

Date: September 19, 2024

By Chibuike Oguh and Stefano Rebaudo NEW YORK (Reuters) -The U.S. dollar edged slightly lower in choppy trading on Wednesday as markets grappled with the supersized 50 basis point interest rate cut as well as the switch to an easing monetary policy stance delivered by the Federal Reserve. Investor expectations had largely shifted towards a...

Image for ING bank tightens restrictions on oil and gas lending

ING Bank Tightens Restrictions on Oil and Gas Lending

Date: September 19, 2024

By Virginia Furness and Simon Jessop Dutch lender ING is further restricting access to finance for some oil and gas companies and from 2026 could drop clients that fail to align with its plans to be net zero, the bank’s chief executive told Reuters. European banks have taken the lead in policies to tackle...

Image for Sterling rises after UK inflation data and ahead of Fed

Sterling Rises After UK Inflation Data and Ahead of Fed

Date: September 18, 2024

By Linda Pasquini LONDON (Reuters) – The British pound rose against the dollar on Wednesday after UK inflation data boosted the market view that the Bank of England will keep interest rates steady on Thursday, in contrast with an expected start to the U.S. policy easing cycle later on Wednesday. Sterling gained 0.49% to $1.3227,...