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...Shell alone has contributed almost a third of the FTSE 100’s gains in 2024....
...The UK’s FTSE 100 closed at a record high, boosted by weakness in the pound and rising expectations of interest rate cuts from the Bank of England....
...France’s luxury-heavy Cac 40 climbed 1.3 per cent — boosted by a 5.3 per cent rise for index heavyweight LVMH, as well as a 3.2 per cent gain for rival Hermès....
...France’s luxury-heavy CAC 40 climbed 0.8 per cent, boosted by a 2.8 per cent rise for index heavyweight LVMH and a 2.3 per cent gain for rival Hermès. Germany’s Dax rose 0.1 per cent....
...A reading below 50 indicates a contraction. The PMI for the services sector fell to 50.9 from 51.7 in March, indicating a slower pace of growth....
...European equities closed higher on Tuesday as global technology stocks rebounded following a steep sell-off last week....
...European stocks edged lower on Friday, but pared most of the initial losses that came amid a global equity market sell-off as traders turned cautious after Israel launched retaliatory strikes against Iran...
...European stocks sank in early trading on Friday amid a global sell-off after Israel launched retaliatory strikes against Iran....
...France’s Cac 40 gained 0.6 per cent, buoyed by a 2.5 per cent rise for index heavyweight LVMH....
...Traders in swaps markets are now betting that the BoE will begin reducing its benchmark rate from a 16-year high of 5.25 per cent in either September or November, having fully priced in a cut for September...
...Oil markets shrugged off Israel’s retaliatory strikes against Iran after a shortlived price spike on Friday, in a sign of investors’ confidence that the action will not escalate into a broader conflict in...
...Tim HillMonks Horton, Kent, UK Letter in response to this letter:Time for COP to address the global migration crisis / From Giles Dixon, Chelwood Gate, East Sussex, UK...
...London’s FTSE 100 climbed to an all-time high on Tuesday amid a broad equity rally in Europe as traders weighed the latest corporate results and awaited a string of business activity data....
...Economists polled by Reuters predict the UK’s composite purchasing managers’ index to come in at 52.7, a slight decline from last month’s reading of 52.8. Stephanie Stacey...
...Oil prices fell sharply as concerns over a glut outweighed fears that supplies could be disrupted by a widening conflict in the Middle East....
...followed Asian markets higher as strong results from TSMC, the world’s largest chipmaker, eased concerns about the strength of the artificial intelligence rally, and Japan, South Korea and the US released a...
...Cohen, a 25-year Goldman veteran, led the Wall Street institution’s failed effort to build up consumer banking....
...US stocks rose on Wednesday, rebounding from a three-day losing streak as traders weighed the latest corporate earnings reports and awaited further signals on how the Federal Reserve might start cutting...
...Thierry Wizman, a strategist at Macquarie, said the drop was driven by “movement away from a wider conflagration and back to a shadow war [between Israel and Iran]”....
...US stocks, meanwhile, looked set to snap a six-session losing streak....
...India’s rupee fell 0.2 per cent to a record low of Rs83.64 against the dollar and the Malaysian ringgit was trading close to a 26-year low, down 0.3 per cent at RM4.79, a day after Malaysia’s central bank...
...Both indices rebounded from a six-session losing streak on Monday....
...Traders in swaps markets are now betting that the BoE will begin lowering borrowing costs in either September or November, having fully priced in a first interest rate cut in September before Wednesday’s...
...US stocks looked set to fall for the sixth consecutive session in what would be Wall Street’s longest losing streak since October 2022 amid a global sell-off sparked after Israel launched retaliatory strikes...
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