LONDON, May 31 Reuters The British pound fell against the U.S. dollar on Tuesday but remained on track for its first monthly gain of 2022 even as Britain39;s murky growth outlook continued to weigh on sentiment. At 0850 GMT, the pound was 0.32 lower against the dollar at 1.26140. Despite the weakness, sterling remains well […]

Eurozone inflation hits 8.1 vs estimate of 7.7 Unilever gains as Nelson Peltz to join board Energy shares gain as EU bans most Russian oil DSM surges on merger, unit sale May 31 Reuters Eurozone shares hit session lows on Tuesday after data showed inflation rose to a record high in May, spurring bets of […]

BENGALURU, May 31 Reuters Indian shares snapped a threesession run of gains on Tuesday as banking and technology stocks lost steam ahead of key economic growth data. The NSE Nifty 50 index closed 0.46 lower at 16,584.55, dragged by a 3.1 drop in Sun Pharmaceutical Industries after it posted a loss for the March quarter. The index […]

May 31 Reuters The Russian rouble reversed earlier losses and firmed towards 61 against the dollar in volatile trade on Tuesday as capital controls helped to offset downside pressure from concerns about new European sanctions against Moscow. European Union leaders agreed in principle on Monday to cut 90 of oil imports from Russia by yearend […]

LONDON, May 31 Reuters The euro39;s losses deepened on Tuesday after data showing euro zone inflation hit a record high in May, but expectations the European Central Bank will soon hike rates kept the single currency on track for its best monthly performance in a year. Rising inflation is usually considered a precursor to tighter […]

LONDON May 31 Reuters European shares fell on Tuesday and Wall Street was tipped to start weaker as surging oil prices fanned fears of further acceleration in global inflation that would keep the U.S. Federal Reserve and other central banks raising interest rates. Markets looked past signs that China39;s economic pain might be abating amid […]

Rates as of 0500 GMT Market Recap Its riskon again although Im puzzled as to what exactly has caused the change in heart. Sometimes the markets act like a school of fish everyone swimming in one direction and then wham! For whatever reason, they all shift direction. Some people are pointing to the improvement in […]

Unilever hits over twoweek high Airlines feel the heat as oil climbs Discount retailer BM slides on profit warning FTSE 100 up 0.2, FTSE 250 off 0.7 May 31 Reuters UK39;s FTSE 100 edged higher on Tuesday as Unilever surged after naming activist investor Nelson Peltz as a board member and oil stocks rallied on […]