LONDON, Nov 27 Reuters The pound gained for a third day on Monday and was on track for its largest monthly rise versus the dollar in a year, largely a result of investors ditching the greenback ahead of what many believe will be a rapid shift to U.S. rate cuts in 2024. Separately, in a […]

ZURICH, Nov 27 Reuters The Financial Stability Board FSB on Monday removed Italy39;s UniCredit from the list of global systemically important banks and moved three banks, including Switzerland39;s UBS, up a bucket. The G2039;s FSB began the annual rankings after the global financial crisis, requiring the world39;s biggest lenders to hold an extra buffer of capital, […]

JOHANNESBURG, Nov 27 Reuters The South African rand was little changed in early trade on Monday, ahead of a week jampacked with economic data releases. At 0655 GMT, the rand traded at 18.7950 against the dollar , near its previous close of 18.8000. The dollar last traded around 0.1 weaker against a basket of global […]

Traders look forward to U.S. PCE data on Thursday Dollar at near twomonth low Spot gold may extend gains into 2,0262,032 range technicals Nov 27 Reuters Gold prices climbed a sixmonth peak on Monday, supported by a weaker U.S. dollar and on bets that the Federal Reserve is done with its interest rate hike cycle, […]

SINGAPORE, Nov 27 Reuters Sterling rose to an over twomonth high against a weakening dollar on Monday, though some riskaversion capped losses on the greenback as traders eyed fresh economic cues in the week ahead to determine the future path of policy rates. A postponed OPEC meeting, data from the Federal Reserve39;s favoured measure of inflation […]

Nov 27 Reuters Major stock markets in the Gulf fell in early trade on Monday, tracking oil prices lower. Oil prices a catalyst for the Gulf39;s financial markets  slipped, with Brent falling toward 80 a barrel, as investors awaited the OPEC meeting later this week for an agreement to curb supplies into 2024. Prices tumbled […]

Rightmove jumps on FY average rev per advertiser forecast raise Entain dips on brokerage downgrade FTSE 100 down 0.1, FTSE 250 adds 0.2 Nov 27 Reuters UK39;s FTSE 100 slipped on Monday, as losses in heavyweight energy and mining stocks chipped away on the commoditiesheavy index, while cautious investors braced for a barrage of economic […]

Nov 27 Reuters Deutsche Bank said Monday it expects the SP 500 to end next year 12 higher, as earnings growth should stay resilient even as the United States experiences a mild and short recession. Strategists at Deutsche Bank expect the index to end 2024 at 5,100 points. The SP 500 is up close to 19 […]