equity
InvestingStocks Slide on Growth Fears, Oil Tumbles
InvestingEuropean Stocks Hit 2-month Lows on Mining, Tech Losses
Top StoriesUniCredit Surprises With Buyback as It Tackles Russia Exit
Top StoriesSocGen Boosts First-Quarter Income but Costs of Ukraine War Rise
European Stocks Rally on Fed Relief, Encouraging Earnings
Date: May 5, 2022
By Sruthi Shankar (Reuters) -European stocks climbed on Thursday, riding a global stock markets rally after the Federal Reserve raised interest rates as expected but cooled aggressive tightening expectations, with sentiment lifted further by a slew of upbeat earnings. The pan-European STOXX 600 index advanced 1%, with battered technology stocks leading the gains, followed by...
Russia Weighs on Credit Agricole’s Q1, Capital Miss Hits Shares
Date: May 5, 2022
By Julien Ponthus LONDON (Reuters) -Credit Agricole SA on Thursday posted a sharp fall in first-quarter profit as it took more than half a billion euros in provisions against its exposure to Russia and Ukraine. A disappointing reading for its capital ratios, higher than anticipated costs and better-than-expected performances from rivals, BNP Paribas and Societe...
ArcelorMittal Increases Buyback Program, Sees Global Steel Dip
Date: May 5, 2022
By Marine Strauss BRUSSELS (Reuters) – ArcelorMittal reported higher-than-expected core profit in the first quarter on Thursday, but said it now forecast a slight contraction in global steel demand this year, with a sharp decline in the former Soviet Union countries. The change in global steel demand in 2022 will be between 0% and -1%,...
India’s $2.7 Billion Lic IPO Subscribed 67% on First Day
Date: May 4, 2022
By Nupur Anand and Chris Thomas MUMBAI (Reuters) -Life Insurance Corp’s (LIC) $2.7 billion IPO, India’s largest public issue, was subscribed 67% on the first day of bidding, even as a surprise rate hike by the central bank roiled markets. Investors bid for 108.7 million shares on Wednesday, compared with the total 162.1 million shares...
Energy Shares Lift London’s FTSE 100; Miners Weigh
Date: May 3, 2022
By Bansari Mayur Kamdar and Amal S (Reuters) -UK’s FTSE 100 edged higher on Tuesday, as energy shares lifted by upbeat results from oil major BP outweighed a strong sterling and weakness in mining shares. After falling as much as 0.9%, the blue-chip index recouped early losses to end 0.2% higher, while the domestically focussed...
Stocks Rise, U.S. Yields Slip as Markets Await Fed Rate Hike
Date: May 3, 2022
By Herbert Lash and Danilo Masoni NEW YORK/MILAN (Reuters) – A gauge of global equity markets rose slightly on Tuesday while 10-year U.S. Treasury yields slid from 3% amid investor caution ahead of the biggest single-day rate hike expected by the U.S. Federal Reserve since 2000. In a sign of the challenge the Fed faces...