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InvestingStocks, US Yields Slightly Lower After Inflation Data
Bank of England’s Mann Sees Inflation Pressure Keeping Rates High
Date: November 13, 2024
By David Milliken LONDON (Reuters) -High inflation in Britain has not been vanquished and it is more likely to overshoot than undershoot Bank of England forecasts over the medium term, BoE interest rate-setter Catherine Mann said on Wednesday. Mann cast the lone vote against cutting borrowing costs at a meeting of the BoE’s Monetary Policy...
European Shares Rangebound as Energy Gains Offset Tech Losses
Date: November 13, 2024
By Shashwat Chauhan (Reuters) -European shares swung between gains and losses on Wednesday, as rising energy shares countered technology losses, while focus remained on a key U.S. inflation print that could alter market expectations on the Federal Reserve’s interest rate path. The pan-European STOXX 600 index edged up 0.1%, after falling as much as 0.2%...
Stocks Struggle on Unease About Higher Bond Yields as Focus Turns to US Inflation
Date: November 13, 2024
By Alun John and Kevin Buckland LONDON/TOKYO (Reuters) –World stocks dropped for a second successive day on Wednesday, jolted by the recent push higher in U.S. Treasury yields ahead of inflation data that could inform the pace of Federal Reserve policy easing. MSCI’s all country world index was last down 0.17%, with shares in Europe...
Sterling Drifts Near 3-month Lows vs Dollar
Date: November 13, 2024
By Medha Singh (Reuters) – The pound hovered near three-month lows against a stronger dollar on Wednesday, after a sharp fall in the previous session following data that showed inflation was easing in the UK. Sterling dipped 0.1% to $1.2795 after hitting its lowest since early August at $1.2719 on Tuesday, after data showed regular...
Mediobanca Shares Slide 7% Following Revenue Miss
Date: November 12, 2024
MILAN (Reuters) – Italy’s Mediobanca missed revenue estimates and cut its full-year net interest income forecast on Tuesday, sending shares down more than 7% despite a better-than-expected quarterly profit. For the current fiscal year, the bank now sees flat net interest income (NII) as it prioritizes growing total financial assets by attracting deposits, taking advantage...
Pound Hits 3-month Low on Jobs Data and Dollar’s Trump Rally
Date: November 12, 2024
By Harry Robertson LONDON (Reuters) – The pound fell to a three-month low after data on Tuesday showed regular wage growth cooled and unemployment ticked up, and as currencies felt the pressure of a surging dollar after Donald Trump’s U.S. election victory. Sterling fell as much as 0.5% to $1.2806, its lowest since Aug. 15,...