Londons FTSE 100 Flat; Speeches from BoE Officials in Focus

FTSE 100 flat, FTSE 250 down 0.3 Commoditylinked stocks rise Britain39;s prelim PMI for Oct due Wednesday Oct 21 Reuters Britain39;s benchmark index was largely flat on Monday as gains in commoditylinked stocks were offset by losses in utilities, while investors await insights from Bank of England BoE officials this week. The bluechip FTSE 100 held […]
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Dollar Climbs with US Rates on Economic Outlook

NEW YORK, Oct 21 Reuters The dollar climbed on Monday, buoyed by a rise in U.S. bond yields, as solid U.S. economic data suggested the Federal Reserve can afford to be patient in cutting rates while investors positioned for the Nov. 5 presidential election. The greenback has risen for three straight weeks as a run of […]
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Major Gulf Markets Mixed on Regional Conflict, Rate Cuts

Oct 21 Reuters Major stock markets in the Gulf were mixed in early trade on Monday amid simmering tensions in the region and weakening oil prices. Hundreds of Beirut residents fled their homes late on Sunday with multiple explosions heard across the Lebanese capital, as Israel prepared to attack sites linked to the financial operations of Lebanon39;s […]
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China Cuts Key Lending Rates to Support Growth

SHANGHAISINGAPORE, Oct 21 Reuters China cut benchmark lending rates as anticipated at the monthly fixing on Monday, following reductions to other policy rates last month as part of a package of stimulus measures to revive the economy. The oneyear loan prime rate LPR was lowered by 25 basis points to 3.10 from 3.35, while the […]
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Sterling Dips as US Dollar Rides Economy Higher

  LONDON, Oct 21 Reuters The pound fell on Monday as investors focused on the relative strength of the U.S. economy, pushing up the dollar. Sterling was last down 0.2 at 1.3023, just above Thursday39;s twomonth low of 1.2975. The euro was up 0.1 at 83.35 pence, although it remained near its lowest level in […]
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Expert Technical Fundamental Insights 21.10.2024

EURUSD Three consecutive weeks of decline, EURUSD traded almost unchanged today at 1.0861 after USD index traded slightly higher today. After cutting the rates by ECB last week, traders are likely to shift the focus to more macro numbers in this week that include manufacturing services PMI and ECB President Lagarde speech on Tuesday. As […]
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Too Much Market Uncertainty for Spanish IPO, Tendam CEO says

MADRID, Oct 21 Reuters Uncertainty in the market for new companies and high interest rates are hindering Spanish fashion retailer Tendam39;s plans for an initial public offering IPO, its chief executive officer said on Monday. It will be difficult for mediumsized companies to go public unless interest rates are lowered and the outcome of the […]
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STOXX 600 Subdued with Key Earnings on Tap; Energy Shares Jump

Forvia jumps on supply deal with China39;s BYD, Xiaomi JDE Peets surges on Mondelez39;s share acquisition SAP earnings due after market close Oct 21 Reuters European shares struggled for direction on Monday, after two backtoback weekly gains, ahead of a series of marquee corporate earnings, although stabilising oil prices buoyed the energy sector. The continentwide […]
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