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Top StoriesGlobal Stocks Poised for Weekly Gains After Slew of US Data
Top StoriesMorning Bid: With US Economy Humming, a Quarter Point Will Do
Top StoriesStocks Gain, Treasury Yields Jump as US Retail Data Reassures
Top StoriesMorning Bid: US Clears Inflation Decks, Nz Cut Surprises
Turkish Gold Demand Lifts Italian Jewellery Exports as Leather Goods Suffer
Date: August 12, 2024
MILAN (Reuters) – A surge in demand for gold from inflation-stricken Turkey boosted exports of jewellery from Italy’s industrial district of Arezzo in Tuscany, data showed on Monday, offsetting a drop in leather goods sales from the nearby Florence area. Demand from Turkey, where inflation was running at 61.8% in July, drove jewellery exports from...
European Shares Muted as Investors Brace for Data-Packed Week
Date: August 12, 2024
By Pranav Kashyap and Ankika Biswas (Reuters) -gtgEurope’s benchmark stock index was subdued on Monday, erasing early gains, with investors bracing for key U.S. inflation numbers to gauge the Federal Reserve’s monetary policy path amid lingering recession fears and a deluge of other European data. The STOXX 600 index closed on a flat note, after...
Bottler Coca-Cola Hbc Raises 2024 Revenue and Operating Profit Forecasts
Date: August 7, 2024
(Reuters) – Bottler Coca-Cola HBC boosted its annual operating profit and revenue forecast on Wednesday, as the Swiss group posted higher first-half revenue, helped by its measures to mitigate the impact of high inflation and currency fluctuations. Demand for packaged beverages and food has stayed resilient, even as companies hiked prices to pass on...
Analysis-China’s Stuttering Recovery Darkens Global Corporate Growth Outlook
Date: August 2, 2024
By Medha Singh (Reuters) – Global burger chains to car manufacturers are increasingly feeling the pinch from a faltering recovery in the world’s No. 2 economy, China, and are strapping in for a bumpy ride ahead. A protracted downturn in the property market and high levels of job insecurity have knocked the wind out of...
Euro Zone Economy Grows but Outlook Far From Rosy
Date: July 30, 2024
By Francesco Canepa (Reuters) -The euro zone’s economy grew slightly more than expected in the three months to June, data showed on Tuesday, but a mixed underlying picture and a string of pessimistic surveys cloud the outlook for the rest of the year. The figures portray a bloc struggling to regain ground in global trade...
World Stocks Gain, US Yields Fall at Start of Jam-Packed Week
Date: July 29, 2024
By Chris Prentice and Wayne Cole NEW YORK/SYDNEY (Reuters) -Global stocks advanced and longer-dated U.S. yields slipped on Monday, at the start of a week jammed with earnings and a trio of central bank meetings that could see the United States and Britain open the door to interest rate cuts. U.S. jobs data for July,...