Previous Trading Days Events 28.06.2024 Last Fridays inflationrelated report showed that U.S. monthly inflation was unchanged in May. The flat reading in the personal consumption expenditures PCE price index last month followed an unrevised 0.3 gain in April. It was the first time in six months that PCE inflation was unchanged.  Consumer spending rose marginally […]

July 1 Reuters Shares of Chewy rose 15 premarket on Monday after a filing showed Keith Gill, the stock influencer known as Roaring Kitty, had picked up a 6.6 stake in the pet products eretailer. The filing with the U.S. Securities and Exchange Commission comes days after the investor, known for triggering the memestock rally of […]

LONDON, July 1 Reuters The euro touched a twoweek high during Asian hours on Monday, after the first round of France39;s shock snap election put the farright in pole position, but offered little clarity on the final outcome, leaving investors bracing for further volatility. Marine Le Pen39;s National Rally RN party emerged ahead in the first round, confirming expectations, […]

FTSE 100 up 0.4, FTSE 250 adds 0.6 Real estate stocks gain after Nationwide industry report British parliamentary elections in focus July 1 Reuters London stocks kicked off the week on an upbeat note, supported by real estate shares and tracking gains from the European market amid a revival in hopes of rate cuts globally. […]

French stocks lead market gains EZ factory activity decline deepens in June PMI Atos climbs on debt restructuring deal July 1 Reuters European stocks gained on Monday, with French shares leading the charge after the farright National Rally RN party scored historic gains in the first round of parliamentary election, but by a smaller margin […]

Despite pledges by banks to cut financing to CO2-intensive industries including oil & gas, money continues to find its way to the sector, limiting the effectiveness of these efforts from a climate standpoint.

Our takeaways from 1Q earnings suggest that an oil price of at least $80 a barrel is critical in 2024 for Gulf region banks to meet liquidity demands, with the exception of Saudi Arabia.