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Top StoriesMarket Positioning Suggests More Pain for Equities Despite Rout – BofA
Top StoriesMust Stay Focused on Ukraine During ‘pivotal’ Moment- Pentagon Chief
TradingBitcoin Sinks to Fresh 18-month Low as Crypto Meltdown Deepens
Top StoriesSuedzucker Raises Full-Year Guidance, Plans to Pass Price Increases Onto Customers
Global Equity Funds Decline Over 20% This Year
Date: June 15, 2022
(Reuters) – Global equity funds have shed over 7% this month due to a slump in stock prices as higher inflation levels fuel worries about more aggressive policy tightening by major central banks. Global bond funds have declined 3.5% on average, while money market funds fell 1.4%, data from Refinitiv Lipper showed. With the sharp...
Bitcoin Tumbles as Crypto Sell-Off Accelerates
Date: June 15, 2022
By Tom Wilson LONDON (Reuters) – Bitcoin tumbled on Wednesday to a new 18-month low, dragging smaller tokens down with it and spurring a sharp fall in crypto markets sparked by crypto lender Celsius freezing customer withdrawals. The world’s largest cryptocurrency fell as much as 7.8% to $20,289, its lowest since December 2020. It has...
European Stocks Jump as ECB Holds Surprise Meeting
Date: June 15, 2022
By Sruthi Shankar (Reuters) -European stocks rallied on Wednesday, with banks leading the gains, after the European Central Bank said its rate-setting Governing Council would hold an unscheduled meeting to discuss the recent sell-off in government bond markets. An index of euro zone shares climbed 1.5%, while the pan-European STOXX 600 added 1%. Italian bank...
Analysis-Golden Age of Buses? Buyers Hop on UK Transport Firms
Date: June 15, 2022
By Yadarisa Shabong LONDON (Reuters) – Private capital has a keen eye on British bus companies. Low valuations, hopes that travellers will ditch cars, and government incentives to invest in environmentally-friendly vehicles are enticing buyers, analysts and investors said. Three out of four major London-listed bus operators have attracted takeover interest in recent months. “Whatever...
European Stocks Post Six Straight Days of Losses
Date: June 14, 2022
By Sruthi Shankar and Bansari Mayur Kamdar (Reuters) – European equities reversed early gains on Tuesday to extend their selloff for a sixth straight session on worries over aggressive U.S. interest rate hikes and a potential recession. The continent-wide STOXX 600 index declined 1.3% after sliding 2.4% to over three-month lows on Monday. Health care...
EU Lawmaker Panels Object to ‘green’ Label for Gas, Nuclear Investments
Date: June 14, 2022
By Kate Abnett BRUSSELS (Reuters) -Two European Parliament committees on Tuesday backed an attempt to stop the EU labelling gas and nuclear energy as climate-friendly investments, setting the stage for a full parliament vote on whether to reject the rules next month. Parliament’s environment and economic committees supported a resolution which attempts to block a...