MILANLONDON, May 23 Reuters Concerns over recession and sticky inflation will weigh on European shares over the coming months but fading policy headwinds could see the main benchmarks reach new highs next year, a Reuters poll found. Fund managers and strategists surveyed over May 1023 forecast the regionwide STOXX Europe 600 index would drop to 435 […]

MUMBAI, May 24 Reuters The Indian rupee, having opened slightly weaker, crawled up on Wednesday, supported by dollar inflows and recovery on the Chinese yuan, traders said. The rupee was last at 82.70 to the U.S. dollar compared with 82.80 in the previous session and 82.83 at open. The offshore Chinese yuan was at 7.06 […]

SINGAPORE, May 24 Reuters The pound rose slightly on Wednesday after data showed that British inflation came in stronger than expected in April, raising the chances of another interest rate hike from the Bank of England. Britain39;s yearonyear inflation rate slowed to 8.7 in April from 10.1 in March. However, economists polled by Reuters expected a drop […]

Aviva tumbles on lower net flows Marks Spencer jumps to over oneyear high on FY outlook Ocado to be moved from FTSE 100, shares fall April CPI 8.7 vs 8.2 estimate FTSE 100, FTSE 250 down 1.5 each May 24 Reuters UK39;s main stock indexes fell to an over onemonth low on Wednesday, as a […]

STOXX down 1.3 on UK inflation data, luxury goods slump NZ dollar falls on surprise central bank rate forecast U.S. debt ceiling talks still stalled TOKYO, May 24 Reuters Stocks lurched downwards on Wednesday as U.S. debt ceiling negotiations dragged on without resolution, stoking a general malaise in markets that saw safe haven assets like the dollar […]

SINGAPORE, May 24 Reuters The dollar on Wednesday held just shy of a twomonth high as U.S. debt ceiling negotiations dragged on, while the pound firmed and then softened after strongerthanexpected British inflation data. Also in focus was the New Zealand dollar, which dived 1.8 after the country39;s central bank flagged an end to rate […]