Wall Street set for bounceback but recession risk keeps investors cautious

Wall Street set for bounceback but recession risk keeps investors cautious

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 cautious. World stocks have edged higher so far this week, … Read more

Stocks stage small bounce as investors weigh cenbanks’ next moves

Stocks stage small bounce as investors weigh cenbanks' next moves

LONDON, June 20 (Reuters) – Stock markets chalked up modest gains on Monday after last week’s hefty losses as investors braced for a host of US Federal Reserve speakers this week, where they could underline a commitment to fight inflation whatever rate pain required. Trading was thinned by a US holiday. The euro was little … Read more

Shares and bonds hit after Swiss and UK rate hikes

Shares and bonds hit after Swiss and UK rate hikes

MILAN, June 16 (Reuters) – World stocks fell on Thursday and bonds resumed their slide after a surprise Swiss interest rate hike fueled concerns about surging inflation and an aggressive policy tightening outlook from global central banks. The Swiss National Bank raised its policy rate for the first time in 15 years with a 50 … Read more

Emergency ECB meeting lifts Europe, Fed ready to go big

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

Japan edges closer to intervention in yen

Japan edges closer to intervention in yen

Japan says ‘concerned’ about sharp yen falls Top currency diplomat says ‘all options on table’ Tokyo ready to respond appropriately in accordance with G7 policy Yen fall puts pressure on BOJ ahead of next week’s meeting Analysts see low chance of intervention, BOJ policy tweak TOKYO, June 10 (Reuters) – Japan’s government and central bank … Read more

Stock markets jolted by Musk’s economy and jobs warning

Stock markets jolted by Musk's economy and jobs warning

LONDON, June 3 (Reuters) – Wall Street was tipped for a weaker open on Friday, bucking share price gains in Europe and Asia after warnings on the economic outlook from Tesla Chief Executive Elon Musk who outlined plans to lay off 10% of his staff . Markets are on edge ahead of crucial monthly jobs … Read more

Global stock markets rise, US yields fall ahead of employment data

Global stock markets rise, US yields fall ahead of employment data

Wall Street stocks close higher Benchmark 10-year yields down Brent crude prices up 1% US dollar eases Safe-haven gold rises above 1% NEW YORK, June 2 (Reuters) – Global equity markets rose while US yields were lower on Thursday after lower-than-expected private payrolls data stirred hopes that the American economy was likely cooling and the … Read more

Head of Deutsche Bank’s DWS steps down after ‘greenwashing’ raids

German officials raid Deutsche Bank's DWS over 'greenwashing' claims

The new logo of Deutsche Bank’s DWS Asset Management is pictured at their headquarters in Frankfurt, Germany, March 19, 2018. REUTERS/Ralph Orlowski Register now for FREE unlimited access to Reuters.com Register DWS investigated over alleged greenwashing Prosecutors raided DWS and Deutsche Bank on Tuesday DWS shares down 24% since August last year Whistleblower says more … Read more

Disease experts call on WHO, governments for more action on monkeypox

Disease experts call on WHO, governments for more action on monkeypox

A section of skin tissue, harvested from a lesion on the skin of a monkey, that had been infected with monkeypox virus, is seen at 50X magnification on day four of rash development in 1968. CDC/Handout via REUTERS Register now for FREE unlimited access to Reuters.com Register GENEVA, May 28 (Reuters) – Some prominent infectious … Read more

Global shares rally on relief after Fed minutes

Global shares rally on relief after Fed minutes

NEW YORK, May 26 (Reuters) – World stock markets broadly rose on Thursday and bond yields eased as no hawkish surprises from the latest US Federal Reserve minutes helped soothe immediate worries over the impact of interest rate hikes on economic growth. Wall Street extended its rally from Wednesday. By midmorning, all three major US … Read more