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Top StoriesDollar Edges Lower as Fed Pause Eyed in Busy Central Bank Week
Top StoriesWorld Shares Edge up as Fed Pause Bets Bolster Sentiment
Top StoriesAsia Shares Lifted by Fed Pause Bets; China Real Estate Retreats
European Shares Steady as Rate Jitters Weigh, Firm Pound Drags FTSE 100 Down
Date: June 8, 2023
European shares steady as rate jitters weigh, firm pound drags FTSE 100 down By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) -European shares were subdued on Thursday as rate-sensitive technology shares and consumer staples slipped on expectations of further interest rate hikes by major central banks, while a sharp slide in Vodafone shares weighed on...
Marketmind: O Canada! Markets Wary of Fed Hawkish Surprise
Date: June 8, 2023
A look at the day ahead in European and global markets from Ankur Banerjee Another day, another surprise hike. After the Reserve Bank of Australia’s surprise earlier this week, it was the Bank of Canada’s turn to stun markets with a 25 basis-point hike that led traders to dial back expectations of the U.S. Federal...
OECD Sees Limited Growth Pick-Up as Rate Hikes Weigh
Date: June 7, 2023
OECD sees limited growth pick-up as rate hikes weigh By Leigh Thomas PARIS (Reuters) -Global economic growth will pick up only moderately over the next year as the full effects of central bank rate hikes are felt, softening the boost from lower inflation, the OECD said on Wednesday, nudging up its 2023 economic outlook. The...
Pharma Giant Novo Nordisk Lifts European Shares
Date: June 6, 2023
(Reuters) -European main share indices rose on Tuesday, supported by a jump in shares of healthcare giant Novo Nordisk, though gains were capped by worries of further interest rate hikes by major central banks in the face of slowing economic growth. The pan-European STOXX 600 index closed 0.4% up. On Monday, the index shed 0.5%...
Euro Zone Consumers More Hopeful on Inflation
Date: June 6, 2023
FRANKFURT (Reuters) -Euro zone consumers lowered their inflation expectations, a fresh European Central Bank survey showed on Tuesday, a relief for policymakers after an unexpected surge a month earlier, even if underlying price growth is still likely to be stubborn. The ECB has raised interest rates by a combined 375 basis points over the past...
European Shares Flat on Rate-Hike Jitters; Novo Nordisk Jumps
Date: June 6, 2023
(Reuters) – European shares were range-bound on Tuesday as worries of further interest rate hikes by major central banks in the face of slowing economic growth countered support from healthcare giant Novo Nordisk. The pan-European STOXX 600 index inched 0.1% higher to 460.42 points. On Monday the index dropped as data pointing to tepid U.S....