Bank of England publishes almost final Basel capital adequacy rules on 12 September
LONDON, Aug 29 (Reuters) – The Bank of England said on Thursday it would release its “near-final” interpretation of the Basel capital reforms for banks, aimed at protecting global banks from shocks, on Sept. 12, amid growing speculation that implementation…
Inflation data helps European stocks shake off Nvidia results; Delivery Hero gains
German consumer prices fall more than expected DAX closes at record high Delivery Hero reports strong increase after stronger than expected GMV growth French spirits makers gain after China lifts provisional measures on brandy STOXX 600 rises by 0.8 percent…
Oil price stable as supply problems in Libya offset less-than-expected US inventory reductions
Aug 29 (Reuters) – Oil prices steadied on Thursday after two sessions of losses as supply concerns about Libya returned to focus, while a smaller-than-expected draw in U.S. crude inventories dampened demand expectations. Brent crude futures fell 7 cents, or…
Nvidia’s forecast dampens AI enthusiasm of other technology stocks
Nvidia loses $200 billion in market value Other AI companies such as Broadcom, AMD, Microsoft and Amazon are also losing ground Investors’ high expectations led to disappointment despite Nvidia’s strong earnings August 28 (Reuters) – Nvidia shares (NVDA.O)opens new tab…
Share prices unchanged ahead of Nvidia earnings and US economic data
Wall Street indices slightly down Nvidia earnings expected after market close Dollar recovers Gold price falls Crude oil falls NEW YORK/LONDON, Aug 28 (Reuters) – Global stock markets fell while the U.S. dollar recovered on Wednesday ahead of the release…
Dollar languishes near yearly low as traders look for clues on Fed rate cuts
Aug 28 (Reuters) – The dollar traded near its lowest in over a year against several currencies on Wednesday, while the pound was just off multi-year highs, as markets focused on clues about the size of a widely expected U.S….
Stock prices fall slightly, oil price rises due to supply concerns in the Middle East and Libya
Article 1 of 3 Traders work on the trading floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 3, 2024. REUTERS/Brendan McDermid/File Photo (1/3)Traders work on the trading floor of the New York Stock Exchange…
With US interest rate cuts looming, the chances of an economic “soft landing” could determine equity performance
Investors focus on economic data to gauge a soft landing Labor market data crucial for future interest rate cut expectations September is traditionally the weakest month for the performance of the S&P 500 Aug 26 (Reuters) – With rate cuts…
Kamala Harris: As president, she wants to implement tax cuts for the middle class
CHICAGO, Aug 22 (Reuters) – Democratic presidential candidate Kamala Harris said in her speech to the Democratic National Convention on Thursday that as president she would seek a tax cut for the middle class. Harris said her opponent, Republican presidential…
TSX hits record high as Fed chief approves rate cuts
TSX closes with a plus of 1.1% at 23,286.08 Records a record closing value Financial stocks rise by 1.2 percent Energy gains 1.1 percent; oil up 2.5 percent Aug 23 (Reuters) – Canada’s main stock index rose to a record…
