The meme stock saga marked the arrival of social media as an equity market force. It also shined a spotlight on a market phenomenon that rarely gets attention: short squeezes.
LONDON, April 27 Reuters Sterling slipped against the dollar in early London trading on Tuesday, but remained within the previous sessions ranges and stabilised against the euro, still struggling to regain the momentum it had in the first quarter of 2021. Major currency pairs were little changed ahead of the U.S. Federal Reserve meeting on […]
Copper prices climbed on Tuesday towards the record above 10,000 a tonne seen a decade ago as worries about supply disruptions in Chile due to strikes and robust demand reinforced expectations of shortages this year. Benchmark copper on the London Metal Exchange was up 1.5 at 9,901 a tonne at 1110 GMT, a gain of […]
A shift in equity trading to the EU from London, due to a regulatory dispute over how MiFID II’s share-trading obligation applies after Britain’s exit from the bloc, is unlikely to reverse, we believe.
LONDON, April 26 Reuters Euro zone bond yields edged higher on Monday, reflecting brighter sentiment in world markets and a growing sense the worst may be behind for a coronavirusbattered economy. Most 10year bond yields across the currency bloc were up 12 basis points on the day, while U.S. Treasury yields were also a touch […]
TOKYO, April 26 Reuters Japanese shares settled higher on Monday as travelrelated stocks bounced back from losses driven by fears of coronavirus curbs, and after ANA forecast a smallerthanexpected fullyear loss. The Nikkei share average inched up 0.36 to close at 29,126.23, while the broader Topix edged up 0.17 to 1,918.15. Travelrelated shares led the […]
Rates as of 0500 GMT Market Recap Betterthanexpected preliminary purchasing managers indices PMIs on Friday drove a riskon mood that lifted US stocks, the commodity currencies and the euro while depressing USD and the other two safehaven currencies, JPY and CHF. Only US manufacturing and German services missed expectations, the others all beat expectations, in […]