equity
Top StoriesChipmakers Weigh on European Shares; Focus on U.S. Jobs Data
Top StoriesStocks Seesaw, Oil up as Investors Await Jobs Report
Top StoriesCiti Expects Global Equities to Rally 18% by end-2023
Top StoriesStocks Dip, Yields Climb as Rate Hikes Seem to Stay the Course
Volkswagen Brands Gear up for Listings as Porsche Se Begins Share Acquisition
Date: October 4, 2022
BERLIN (Reuters) -Volkswagen brands are preparing for stock market listings as a training exercise, CEO Oliver Blume told the Handelsblatt newspaper on Tuesday, as its largest shareholder began its acquisition of Porsche AG shares. Volkswagen’s listing of Porsche last Thursday, floating 12.5% of the sportscar brand on the stock market, prompted speculation of further listings...
European Shares Rally Sharply Ahead of Producer Price Data
Date: October 4, 2022
By Devik Jain (Reuters) -European shares rose sharply on Tuesday in a broad-based rally, led by chipmakers, travel and leisure companies, and some strong corporate updates, with investors eyeing producer price data due later in the day. The region-wide STOXX 600 index was up 2% by 0827 GMT, hitting its highest level since Sept. 23....
Stocks, Oil Surge as Q4 Kicks Off
Date: October 3, 2022
By Dhara Ranasinghe and Pete Schroeder LONDON/WASHINGTON (Reuters) -The final quarter of the year got a boost Monday as U.S. stocks surged in early trading, shaking off a gloomier start in global markets while oil prices jumped over 5%. Oil prices rocketed upwards after the Organization of the Petroleum Exporting Countries and its allies, a...
Porsche Shares Fall Below IPO Pricing
Date: October 3, 2022
By Lucy Raitano LONDON (Reuters) – Shares in sports car brand Porsche fell below its listing price on Monday, the third day of trading since its $72 billion listing by parent company Volkswagen. The closely watched initial public offering (IPO) was the largest listing in Germany in more than 25 years despite a backdrop of...
Franklin Resources Has 5.7% Adecco Stake – Filing
Date: October 3, 2022
ZURICH (Reuters) – U.S.-based investor Franklin Resources Inc controls a 5.7% voting stake in Swiss staffing group Adecco Group AG, a regulatory filing showed on Monday. “The obligation to notify is due to the fact that Fiduciary Trust Company International now holds a position in Adecco Group AG,” the filing showed, adding the reporting obligation...
Wall Street Keeps Stocks Down, Dollar up on Inflation
Date: September 30, 2022
By Lawrence Delevingne and Elizabeth Howcroft (Reuters) -Wall Street and global stocks fell again on Friday, or barely recovered, with government bond yields pulling back from recent peaks and the dollar pushing ever higher, as higher-than-expected inflation continued to weigh on markets. Fresh personal consumption expenditures (PCE) price index data, tracked by the U.S. Federal...