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Funds Amass Record Bear Bets on Zinc as LME Stocks Jump

LONDON, Feb 22 Reuters Fund managers have been scaling up short positions on zinc, betting that this year39;s weakest base metals price performer has further downside. Investment fund positioning is now the most bearish it39;s been since the London Metal Exchange LME first launched its Commitments of Traders Report in 2018. LME threemonth zinc , […]
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European Shares Hit allTime Highs, Global Momentum Builds

LONDON, Reuters European shares rose to a record high on Thursday, boosted by a rally in global stocks that also saw Japan39;s bluechip Nikkei index hit an alltime high. Europe39;s broad STOXX 600 index rose to 495.77 points, surpassing the 495.46 reached in Jan. 2022, as unexpectedly strong revenue forecasts from U.S. chip giant Nvidia lifted sentiment […]
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Gold Slips as USD Firms on US Data Signals Resilient Economy

Jobless claims unexpectedly fell last week Fed concerned about risks of cutting rates too soon, minutes show Israel intensified its bombardment of Rafah in Gaza39;s south Feb 22 Reuters Gold prices fell from a near twoweek high on Thursday, driven by a firm U.S. dollar after jobless claims data indicated a strong economy, while investors […]
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Euro Zone Business Activity Inches Towards Growth in Feb, Survey

LONDON, Feb 22 Reuters The downturn in euro zone business activity eased in February, suggesting signs of recovery, as the dominant services sector broke a sixmonth streak of contraction and offset a deterioration in manufacturing, a survey showed on Thursday. Last year, the bloc39;s economy stagnated, underperforming the rest of the world as former powerhouse Germany struggled […]
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Japans Feb Factory Activity Extends Declines, Conditions Worsen PMI

TOKYO, Feb 22 Reuters Japan39;s factory activity extended declines and service sector growth eased in February, surveys showed on Thursday, suggesting business conditions were worsening as the economy struggles to emerge from recession. The flash au Jibun Bank Japan manufacturing purchasing managers39; index PMI fell to 47.2 in February from 48.0 in January. The headline […]
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