LONDON, June 8 Reuters The euro hit a sevenyear peak against the yen on Wednesday, getting a lift after an upward revision to first quarter growth and ahead of a European Central Bank meeting on Thursday that is likely to pave the way for rate hikes later in the year. The ECB is set to […]

June 8 Reuters The audio streaming service Spotify Technology SA will host its first investor day since going public in 2018 on Wednesday, hoping to stoke Wall Street39;s enthusiasm despite the slowing global economy. The company39;s stock has tumbled 53 so far in 2022, worse than the 24 drop in the SP 500 communication services sector […]

June 8 Reuters The Russian rouble climbed on Wednesday, firming past 60 per dollar, despite Russia39;s decision to ease some capital controls and expectations of an interest rate cut at an upcoming central bank meeting. The rouble has become the world39;s bestperforming currency so far this year, boosted artificially by capital controls and supported by high prices […]

LONDON, June 7 Reuters European retail stocks fell sharply on Tuesday, spooked by U.S. retailer Target Corp slashing its quarterly margin forecast for the second time in less than a month. Target said it would have to offer deeper discounts and cut back on stocking discretionary items, as inflation dents spending, adding to the gloomy global […]

BENGALURU, June 8 Reuters Indian shares recovered from near twoweek lows on Wednesday to trade slightly higher as the central bank hiked its key policy rate as widely expected, with financials and realty stocks leading the gains. The Reserve Bank of India raised the repo rate by 50 basis points after an unscheduled 40bp hike […]

ISTANBUL, June 8 Reuters The Turkish lira dropped 2 against the dollar on Wednesday, bringing its losses to 23 this year, after worries about a surge in inflation were fuelled by President Tayyip Erdogan39;s pledge to keep cutting interest rates. The lira weakened as far as 17.1 to the U.S. currency, sliding from Tuesday39;s close […]

FTSE 100 down 0.1, FTSE 250 off 0.3 Wizz Air falls on wider annual loss, Q1 operating loss forecast Aveva down on weak outlook amid inflation woes June 8 Reuters London39;s bluechip index slipped on Wednesday on worries that aggressive policy tightening by central banks will stifle global growth, while Wizz Air fell after the […]

Credit Suisse says likely to see loss in Q2 Zaraowner Inditex lifts retailers as profit jumps Traders price in 75 bps of ECB rate hikes by Sept June 8 Reuters European shares fell on Wednesday as a 6 slide in Credit Suisse following a profit warning dragged on lenders, while investors braced for the European […]