London’s office REIT shares reflect 5-10% lower rents and values through mid-2022, yet disruption from a shift to hybrid work may be prolonged if REITs don’t work with tenants to embrace it.
HANOI, March 10 Reuters Copper futures advanced in London on Wednesday buoyed by hopes of rising demand, but prices in Shanghai fell on fears of policy tightening by top consumer China. Threemonth copper on the London Metal Exchange advanced 0.9 to 8,859.50 a tonne by 0431 GMT, while the mosttraded April copper contract on the […]
SYDNEY, March 10 Reuters The Australian dollar was fighting to keep a rally alive on Wednesday after a top central banker bluntly rebuffed market chatter about early rate increases, helping pull local yields lower. The Aussie faded to 0.7684, having just survived another brush with support around 0.7620 overnight. It needs to clear 0.7727 resistance […]
Shares of GameStop jumped on Tuesday for the fifth straight day, as the meme stock rally that began earlier this year got more juice on news about the video game retailers ecommerce strategy and speculation that small investors will pour stimulus check funds into stock markets. GameStop shares were up 23.5 to 239.80 in early […]
LONDON, March 9 Reuters Sterling touched a twoweek high against the euro on Tuesday and rose above 1.39, supported by progress in Britains vaccination programme, with the Bank of Englands governor cautiously optimistic about an economic recovery. Traders expect a swift inoculation programme will help revive the economy, with more than 22 million people having […]
Gold futures on Tuesday rose sharply, with prices trading back above 1,700 an ounce, supported by a retreat in the dollar and a pullback in yields for government debt from oneyear highs. Gold for April delivery on Comex gained 36.40, or 2.2, to reach 1,714.20 an ounce, after tumbling 1.2 to hit the lowest for the mostactive […]
Global stocks gained on Tuesday as hopes of a robust economic recovery bolstered confidence in riskier assets. A pullback in U.S. and European bond yields also buoyed equity markets. In Europe, the Euro STOXX 600 shrugged off data showing a bigger than expected fall in fourth quarter euro zone economic output to rally 0.5. Germanys […]
Gold rose nearly 2 on Tuesday, as it gained respite from a retreat in U.S. Treasury yields and the dollar following a slide to a ninemonth low in the last session. Spot gold rose 1.5 to 1,706.01 per ounce by 1308 GMT, having earlier risen as much as 1.8 to 1,711.16. U.S. gold futures climbed […]