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French April Inflation Higher than Expected at Record 5.4

April 29, 2022
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PARIS, April 29 Reuters French inflation rose unexpectedly in April to hit a record high driven by surging energy prices, preliminary EUharmonised data showed on Friday, putting fresh pressure on newly reelected President Emmanuel Macron. The INSEE statistics agency said consumer prices rose 0.5 in April, for a 12month inflation rate of 5.4, up from […]

April 29, 2022
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FRANKFURT, April 28 Reuters One in three managers at the European Central Bank is German, giving the ECB39;s host country an ever bigger representation than its size would imply, ECB data showed on Thursday. The ECB39;s first breakdown of its staff and management by nationality also showed that France, the euro zone39;s secondlargest country, was […]

April 29, 2022
Oil
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SINGAPORE, April 28 Reuters Asian oil refiners are reaping their highest profits ever this week, spurred by higher fuel demand during peak holiday seasons as more economies recover from the COVID19 pandemic while the region ramps up exports to Europe to replace a Russia shortfall. Profit margins for complex refineries in Singapore, the bellwether for […]

April 29, 2022
Oil
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New York Harbor diesel rises on futures squeeze OPEC likely to stick to existing deal on May 5 sources China lockdowns weigh on oil demand outlook Exxon declares force majeure on Russia39;s Sakhalin1 SINGAPORE, April 29 Reuters Oil prices rose for a fourth day on Friday as Russian supply disruption fears trumped COVID19 lockdowns in […]

April 29, 2022
Oil
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Arab Light OSP may fall by 55.50bbl survey Record refining margins in Asia may support prices SINGAPORE, April 29 Reuters Top oil exporter Saudi Arabia may cut prices for crude grades sold to Asia in June after benchmarks slumped from records in the previous month as COVID lockdowns curbed demand in China, the world39;s biggest […]

US Dollar, S&P 500 Set Up for a Major Week Ahead with FOMC

The US Dollar set a fresh 19-year high and stocks took another look over the ledge this week – but next week brings the Fed and all eyes are on the FOMC.

April 29, 2022
Finance
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BENGALURU, April 29 Reuters Indian shares extended gains to a second straight session on Friday with Reliance Industries climbing to a record high, while a fall in Axis Bank following its Marchquarter results capped the rise in the benchmark Nifty 50 index. The NSE Nifty 50 index was up 0.19 at 17,278.60, as of 0440 GMT, […]

April 29, 2022
Finance
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Rates as of 0530 GMT Market Recap That was a surprise! US Q1 GDP was expected to have risen 1.0 qoq SAAR in Q1 but instead contracted 1.4. Oops! But analysts rushed to explain that the figures arent as bad as they look. Personal consumption rose by 2.7 up from 2.5 in Q4 2021, and […]

April 29, 2022
Finance
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April 29 Reuters European shares rose on Friday as strong earnings reports and a rally in mining and technology stocks boosted risk appetite at the end of a volatile month dominated by concerns about slowing global growth. The panEuropean STOXX 600 index rose 0.8 by 0711 GMT, trimming its monthly declines to 1.1. Miners rallied 1.9 to […]

April 29, 2022
Finance
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The streaming giant blamed the drop in subscribers on one-off factors, such as pandemic lockdowns easing, higher subscription fees, password sharing and pulled services in Russia.

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French April Inflation Higher than Expected at Record 5.4

Nearly One in Three ECB Bosses is German as France Lags

Asia Oil Refiners Rake in Profits on Tight Global Supplies

Oil Extends Gains as Supply Concerns Trump China Lockdowns

Saudi Arabia may Cut June Crude Prices to Asia from Record Highs

US Dollar, S&P 500 Set Up for a Major Week Ahead with FOMC

Indian Shares Extend Gains; Reliance Hits Record High

Commodity Currencies Up, safe havens Down as Stocks Recover

Earnings, Prosus lift European Stocks at End of Choppy April

Netflix 30% stock drop reflects more than just a subscriber blip

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