Financial services, mining stocks lead gains US debt ceiling deal hopes boost global mood European tech shares hit over oneyear high May 19 Reuters European stocks rose on Friday, pushing the German DAX towards record highs as signs of progress in U.S. debt ceiling negotiations encouraged investors to pile into riskier assets. The panEuropean STOXX […]

MUMBAI, May 19 Reuters The Indian rupee closed down on Friday, recording its worst week in nine, pulled down by a strong dollar on the back of a hawkish U.S. Federal Reserve and hopes of a breakthrough in U.S. debt ceiling talks. The rupee ended 82.66 to the U.S. dollar, compared to its close of […]

STOXX 600 earnings seen growing 7.3 in Q1 Refinitiv IBES European stocks off highs Net profit margins seen declining in Q3 Refinitiv IBES Resilient consumer continues to absorb higher prices Bernstein LONDON, May 19 Reuters Big European companies have delivered significantly stronger than expected firstquarter results, defying a challenging economic backdrop that includes surging inflation […]

JOHANNESBURG, May 19 Reuters South Africa39;s rand regained some ground in early trade on Friday as the dollar slipped ahead of a speech by U.S. Federal Reserve Chair Jerome Powell and an SP rating review for South Africa later in the day. At 0646 GMT, the rand traded at 19.2800 against the dollar , around […]

PREVIOUS TRADING DAY EVENTS 18 May 2023 Announcements   Unemployment claims were reported lower during yesterdays figure release. It actually fell more than expected, suggesting that the labour market remains strong. This sign of labourmarket resilience reduces fears of recession.  Recent previous claims data boosting the figures upwards were distorted actually by fraudulent applications. The labour […]

SINGAPORE, May 19 Reuters The dollar held at around sixmonth highs against the yen and sevenweek highs against the euro on Friday, as optimism over a breakthrough in U.S. debt ceiling talks and robust economic data reduced the chances of a series of U.S. rate cuts this year. Negotiators for Joe Biden39;s Democrats told the president on […]

SINGAPORE, May 19 Reuters Global shares hit a onemonth high on Friday as markets reflected increased hopes of a U.S. debt ceiling deal that could avoid a potentially calamitous default. Europe39;s STOXX 600 was up 0.7, while emini futures for the SP 500 rose 0.2, following a 0.9 gain for the benchmark Wall Street index overnight. […]

The effort to cut Russia’s funding for its ongoing invasion of Ukraine has transformed the ‌global crude and oil products trade.