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FTSE 100 Subdued as Pharma Stocks Weigh
Date: November 15, 2024
(Reuters) – The main UK stock indexes were subdued on Friday, with losses in AstraZeneca and GSK weighing on the blue-chip FTSE 100, while data showed Britain’s economy contracted unexpectedly in September. Shares of drugmakers AstraZeneca dropped 2.4% and GSK dipped 3.2%, tracking losses in U.S. and European vaccine makers after U.S. President-elect Donald Trump...
Morning Bid: Chinese Consumers Spend More, Just Not on Property
Date: November 15, 2024
A look at the day ahead in European and global markets from Stella Qiu Asian shares ended a brutal week on a steadier note helped by Chinese consumers pushing retail sales beyond forecasts after a blitz of policy support measures shored up… well, the stock market, mostly. Yes, property sales picked up a tad but...
Exclusive-Russian Railways Expects Interest Costs to Hit $7 Billion in 2025
Date: November 14, 2024
By Gleb Stolyarov and Alexander Marrow (Reuters) – Russian Railways expects its interest payment costs to hit $7 billion next year, suggesting a rise of around $4 billion, a company document seen by Reuters shows, as businesses and the government blame high rates for slowing investment growth. The state-owned monopoly, which transports an average of...
Euro Zone Employment Ticks Up, GDP Growth Figure Confirmed
Date: November 14, 2024
FRANKFURT (Reuters) – Euro zone employment rose a touch more than expected last quarter and the economy expanded at a respectable pace, keeping alive hopes for a soft landing after more than a year of near-stagnation, fresh data showed on Thursday. Employment in the 20-nation euro zone grew by 0.2% on the quarter, twice as...
Cross-Border Challenges Widen Wealth Gap Between Europe and Us, IMF Study Finds
Date: November 14, 2024
By Jan Strupczewski BRUSSELS (Reuters) – Cross border challenges are widening the gap between the output of Europeans and Americans, who have been moving ahead since the 1990s, a study by the International Monetary Fund showed. The European Union’s GDP per capita measured with purchasing power parity is now around 72% of the United States,...
Morning Bid: No End in Sight for Trump-Fuelled Trade
Date: November 14, 2024
A look at the day ahead in European and global markets from Rae Wee Market movement over the past week or so since Donald Trump won the U.S. presidential election have been characterised by a turbo-charged rally in bitcoin, higher Treasury yields and a relentless U.S. dollar. And Thursday was no different. Never mind that...