Stocks temper their inflation expectations on copper pounding

S&P futures up 0.9%, European stocks gain 1.5% MSCI world stocks eyeing 2.5% weekly rise Copper falls more than 7% on week, oil down 2% German 10-year bond yields drop 4 bps LONDON, June 24 (Reuters) – World stocks headed for their first weekly gain in a month and Wall Street was set to open … Read more

Stock rally fizzles on revived inflation fears

Employees of the foreign exchange trading company work in front of monitors showing the Japanese yen exchange rate against the US dollar, the euro and Nikkei share average at its dealing room in Tokyo, Japan June 22, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Register TOKYO, June 22 (Reuters) – … Read more

Wall Street set for bounceback but recession risk keeps investors specious

LONDON, June 21 (Reuters) – Wall Street was set to open higher on Tuesday and European shares were set for a second day of gains, recovering slightly from last week’s 17-month lows, but major central banks’ rate hike plans and global recession risks kept investors. World stocks have edged higher so far this week, recovering … Read more

Tesla cars barred for 2 months in Beidaihe, site of China leadership meet

A Tesla logo is seen at a Tesla showroom in Shanghai, China January 7, 2019. REUTERS/Aly Song Register now for FREE unlimited access to Register SHANGHAI, June 20 (Reuters) – Tesla (TSLA.O) cars will be prohibited from entering the Chinese coastal district of Beidaihe, site of a secretive annual summer party leadership conclave, for … Read more

US and Marshall Islands seek economic assistance deal this year

WASHINGTON, June 17 (Reuters) – The United States and the Marshall Islands agreed to try to reach a deal on US economic assistance this year, a statement seen by Reuters on Friday showed, a sign of momentum in talks as Washington worries about China’s expanding Pacific influence. Joseph Yun, US special envoy for Compact of … Read more

TikTok moves US user data to Oracle servers

NEW YORK/WASHINGTON, June 17 (Reuters) – TikTok said it has completed migrating information on its US users to servers at Oracle Corp (ORCL.N)in a move that could address US regulatory concerns over data integrity on the popular short video app. The move, which was first reported by Reuters, comes nearly two years after a US … Read more

EXCLUSIVE China’s central bank accepts Ant’s application for financial holding company – sources

A logo of Ant Group is pictured at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. REUTERS/Aly Song Register now for FREE unlimited access to Register PBOC taking application signals license may come soon – sources Financial holding license to pave way for Ant market … Read more

Week of rate hikes has stocks on course for the steepest slide since 2020

Pedestrians are reflected in a window in front of a board displaying stock prices at the Australian Securities Exchange (ASX) in Sydney, Australia, February 9, 2018. REUTERS/David Gray/File Photo Register now for FREE unlimited access to Register Everyone except the BOJ is hiking Stocks sink as economy risks grow Yen slips as BOJ leaves … Read more

Bitcoin sinks to fresh 18-month low as crypto meltdown deepens

LONDON/NEW YORK, June 15 (Reuters) – Bitcoin slumped on Wednesday to a new 18-month low, dragging smaller tokens down with it and deepening a market meltdown sparked by crypto lender Celsius this week freezing customer withdrawals. The world’s largest cryptocurrency fell as much as 7.8% to $20,079.72 , its lowest since December 2020. It has … Read more

Emergency ECB meeting lifts Europe, Fed ready to go big

News of emergency ECB meeting sends Italian markets soaring Market almost fully priced for Fed to hike 75 bps Euro rally knocks dollar off 20-yr peak, US yields off decade top China economic data slightly beat forecasts, still weak LONDON/SYDNEY, June 15 (Reuters) – European markets rallied on Wednesday on news the European Central Bank … Read more