Indian Shares End 1 Lower ahead of Inflation Data

BENGALURU, July 12 Reuters Indian shares ended lower on Tuesday in the runup to domestic inflation data that was expected to reinforce bets of further policy tightening by the central bank, while the rupee plumbed a fresh low amid the dollar surge. The NSE Nifty 50 index ended 0.97 lower at 16,058.30, while the SP BSE […]
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Musks Tesla Stock Sale Windfall Dwarfs Twitter Loss

July 11 Reuters Elon Musk39;s attempt to scrap his purchase of Twitter Inc may leave the world39;s wealthiest person in a stronger financial position than before he unveiled the 44 billion deal, with billions of dollars in cash from selling Tesla shares now sitting in the bank. After Musk on Friday tore up his April 25 […]
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Sterling Falls to Fresh 2Y low on Leadership Race Concerns

LONDON, July 12 Reuters The British pound slipped to a fresh twoyear low on Tuesday thanks to a broad dollar rebound and as political uncertainty weighed on sentiment. Boris Johnson39;s resignation as prime minister last week deepened the uncertainty hanging over the British economy, already under strain from an inflation rate heading for double digits, […]
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Safehaven Currencies Up, EUR AUD Down on various Fears

Rates as of 0500 GMT Market Recap Financial markets were dominated by riskoff sentiment yesterday but without a clear catalyst. One can point to many factors. Four particularly stand out 1 concerns over Russia cutting off gas supplies to Europe; 2 concerns over the recrudescence how I love that word! of COVID19 in China; 4 […]
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