Allkem Shareholders Approve 10.6 bln Livent Lithium Merger

SYDNEY, Dec 19 Reuters Investors in Australian lithium producer Allkem voted on Tuesday to accept a 10.6 billion merger offer from U.S. giant Livent that would create one of the world39;s biggest lithium companies. Allkem said in a regulatory filing that 72 of shareholders who voted on the deal were in favour of the transaction, with nearly […]
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Energy Stocks Power Indias BlueChip Indexes to new Highs

BENGALURU, Dec 19 Reuters India39;s benchmark Nifty ended higher on Tuesday, reversing course from a subdued start, led by energy stocks after the federal government announced a windfall tax cut. The NSE Nifty 50 index gained 0.16 to 21,453.10, while the SP BSE Sensex settled 0.17 higher at 71,437.19. Both the Nifty and Sensex hit record highs […]
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Sterling Climbs as Investors Eye Further Gains in 2024

LONDON, Dec 19 Reuters The pound rose on Monday as the dollar struggled against most currencies except the yen, with investors increasingly talking up sterling as a hot prospect for next year. Britain39;s currency was last 0.42 higher against the dollar at 1.27. The euro was down 0.19 against the pound, buying 86.18 pence. The […]
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Yen Slips after BOJ Stands Pat on UltraLoose Policy

SINGAPORE, Dec 19 Reuters The yen fell broadly on Tuesday after the Bank of Japan BOJ kept its ultraloose monetary policy unchanged and maintained its forward guidance in a closely awaited decision at the conclusion of its twoday policy meeting. The yen slid more than 0.6 against the U.S. dollar to a sessionlow of 143.78 following the […]
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Most Major Gulf Bourses Ease on Volatile Oil

Dec 19 Reuters Major stock markets in the Gulf fell in early trade on Tuesday on volatile oil prices, while the global rally in anticipation of U.S. rate cuts began to run out of puff. Oil prices a catalyst for the Gulf39;s financial markets  were little changed as investors eyed the impact on oil supply after attacks on […]
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Investors Dumped Cash, Bought Stocks in December BofA

LONDON, Dec 19 Reuters Investors turned more bullish in December, buying stocks and reducing cash holdings on expectations the U.S. Federal Reserve has finished hiking rates and the global economy will avoid a big recession, a BofA fund manager survey showed on Tuesday. Investors are at their most overweight equities relative to cash since January […]
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Worsen German business morale, U.S. Indices moved upward

Previous Trading Days Events 18 Dec 2023 German business morale worsened in December according to the Ifo Institute report. It showed a decline in both expectations and current conditions. The business climate index was reported at 86.4 versus the 87.8 forecast. The fiscal woes of the last month have clearly left their mark on the […]
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European Shares Rise as Dovish BOJ Helps Riskon Sentiment

BOJ keeps ultraloose policy, offers hints on exit timing Villeroy lower rates seen sometime in 2024 Activist investor Cevian takes 1.3 stake in UBS Casino to sell big stores to rivals Auchan, Les Mousquetaires Dec 19 Reuters European shares climbed on Tuesday as risk appetite got a boost after Japan39;s central bank stuck to its […]
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