Real Estate, Miners Drive Europe Shares Rally; ECB in Focus

Germany, France benchmark indexes hit record highs Vivendi jumps on breakup plans AMS Osram jumps after Jefferies rating upgrade MorphoSys drops after capital increase Dec 14 Reuters Real estate and miners led a rally in European shares on Thursday as risk appetite received a strong boost from the U.S. Federal Reserve39;s indication of lower borrowing […]
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Oil Investors to Usher in 2024 amid Oversupply, Demand Concerns

SINGAPORENEW YORKLONDON, Dec 14 Reuters Oil investors will usher in 2024 with gnawing concerns about oversupply, slowing economic growth and simmering Middle East tension that could spark price volatility. Benchmark Brent has averaged around 80 a barrel this year, after a volatile 2022 in which prices surged above 100 after Russian supplies were disrupted following […]
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Oil Rises on US Inventory Draw, Upbeat Demand Expectations

Dec 14 Reuters Oil prices rose in Asian trade on Thursday, extending the prior session39;s gains, on a biggerthanexpected weekly withdrawal from U.S. crude storage and an improved outlook for demand after the U.S. Fed signalled lower borrowing costs for 2024. Brent futures rose 41 cents, or 0.55, to 74.67 a barrel as of 0658 GMT. U.S. […]
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With Rate Hikes Likely Done, Fed Turns to Timing of Cuts

Central bank holds policy rate in 5.255.50 range Officials see 75 basis points of cuts next year Fed39;s 39;soft landing39; scenario still on the table WASHINGTON, Dec 13 Reuters The Federal Reserve left interest rates unchanged on Wednesday and U.S. central bank chief Jerome Powell said the historic tightening of monetary policy is likely over […]
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