MUMBAI, June 4 Reuters The Indian rupee slumped on Tuesday after vote counting trends signalled that Prime Minister Narendra Modi39;s Bharatiya Janata Partyled alliance would win a narrower majority than was expected, spurring a selloff in local equities. The rupee closed at 83.53 against the U.S. dollar, down 0.47 on the day, its worst singleday […]

LONDON, Reuters The vicious squeeze on the CME copper contract appears to have largely passed but fund managers are sticking with their bullish convictions on both U.S. and London markets. There has been some light profittaking as the price has retreated from last month39;s record highs but fund long positioning remains elevated both on the CME and London […]

June 4 Reuters UBS raised its yearend 2024 forecast for the MSCI All Country AC World index to 830 from 800 on Tuesday, citing improving equity risk appetite, optimism around artificial intelligence and a potential slowing of U.S. wage growth. The brokerage39;s current forecast gives a 6 39;upside39; potential by the end of the year for […]

TSX ends down 0.68 at 22,116.69 Energy falls 4.42; oil settles 3.60 lower Utilities add 0.50 GFL Environmental jumps 10.42 Reuters Canada39;s main stock index fell on Monday as a drop in oil prices weighed on energy stocks, with the move in energy offsetting gains for highdividend paying utilities stocks ahead of a potential Bank […]

BENGALURU, June 4 Reuters Indian shares fell sharply Tuesday as early votecounting trends showed Prime Minister Narendra Modi39;s Bharatiya Janata Partyled alliance was likely to win a majority, but the extent of the victory was not clear as its lead was narrower than predicted. The NSE Nifty 50 index was down 3 at 22,566 points as of 1050 a.m IST, […]

Energy shares hit over twomonth lows, biggest drag Maersk gains on annual profit forecast lift German unemployment rises morethanexpected June 4 Reuters European shares slipped on Tuesday as weakness in crude prices dragged energy stocks, while investors refrained from placing huge bets before the European Central Bank39;s interest rate decision later this week. The continentwide […]

FTSE 100, FTSE 250 down 0.6 each SP Global revises lower BP39;s credit outlook, shares fall Carnival up after Peel Hunt upgrades stock to buy June 4 Reuters London stocks moved lower on Tuesday as investors assessed the chance of an earlier U.S. rate cut against a backdrop of faltering manufacturing activity that could hurt […]

LONDONTOKYO, June 4 Reuters The dollar ticked up on Tuesday after falling to its lowest against the euro, sterling and Swiss franc since midMarch overnight as signs of a softening U.S. economy boosted the case for earlier Federal Reserve interest rate cuts. Investors were looking towards U.S. job openings data later in the day, which […]