European stocks skid on gloomy business activity data, commodity weakness

European stocks skid on gloomy business activity data, commodity weakness

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 22, 2022. REUTERS / Staff Register now for FREE unlimited access to Reuters.com Register STOXX 600 on pace to confirm bear market European miners at six-month lows Aroundtown slumps after JPMorgan downgrade Norway central bank hikes by 50 … Read more

Brazil’s Economy Ministry tries to limit spending on fuel-related subsidies, sources say

Brazil’s Economy Minister Paulo Guedes speaks during an opening ceremony of the OECD meeting at the Itamaraty Palace in Brasilia, Brazil June 21, 2022. REUTERS / Adriano Machado Register now for FREE unlimited access to Reuters.com Register BRASILIA, June 22 (Reuters) – Brazil’s Economy Ministry is trying to limit the cost of higher cooking gas … Read more

Oil rises on market caution over supply concerns

Models of oil barrels and a pump jack are displayed in front of a rising stock graph and “$ 100” in this illustration taken February 24, 2022. REUTERS / Dado Ruvic / Illustration Register now for FREE unlimited access to Reuters.com Register MELBOURNE, June 21 (Reuters) – Oil prices rose 1% in early trade on … Read more

London’s FTSE 100 rises on boost from financial, energy stocks

A man shelters under an umbrella as he walks past the London Stock Exchange in London, Britain, August 24, 2015. REUTERS/Suzanne Plunkett Register now for FREE unlimited access to Reuters.com Register FTSE 100 up 1.5%, FTSE 250 adds 0.5% Kingspan sees drop in May, June orders; shares slump Euromoney jumps on $ 2 bln possible … Read more

Australian power market operator says fire will not worsen energy crisis

The Liddell coal-fired power station is pictured in the Hunter Valley, north of Sydney, Australia, April 9, 2017. REUTERS / Jason Reed / File Photo / File Photo Register now for FREE unlimited access to Reuters.com Register SYDNEY, June 19 (Reuters) – The Australian Energy Market Operator (AEMO) said a fire that ripped through a … Read more

Market positioning suggests more pain for equities despite the route, Bank of America says

A trader walks by the New York Stock Exchange (NYSE) in Manhattan, New York City, US, May 19, 2022. REUTERS / Andrew Kelly Register now for FREE unlimited access to Reuters.com Register LONDON, June 17 (Reuters) – A market trends indicator by BofA Securities fell to zero for the first time since the pandemic-induced mayhem … Read more

Stocks eye steepest slide since 2020 as central bankers roil markets

BOJ an outlier as leading central banks raise rates Investors’ recession fears grow US stocks set to bounce; S&P 500 seen up 0.9% LONDON, June 17 (Reuters) – World stocks headed for their worst week since markets’ pandemic meltdown in March 2020 as leading central banks doubled down on tighter policy in an effort to … Read more

Norway oil sector union leader says wage deal is ‘good enough’

Equinor’s Johan Sverdrup oilfield platforms and accommodation jack-up rig Haven are pictured in the North Sea, Norway December 3, 2019. REUTERS / Ints Kalnins Register now for FREE unlimited access to Reuters.com Register OSLO, June 17 (Reuters) – The leader of a union representing Norwegian oil workers said she would recommend to members a wage … Read more

Column: Goldman sparks bear-bull battle in the lithium market: Andy Home

LONDON, June 15 (Reuters) – Is the white-hot lithium market about to be dowsed in a cold cyclical shower of oversupply? Goldman Sachs thinks so. “We expect lithium prices to continue to correct for the rest of the year and remain under pressure from increasing supply over the next few years,” the Wall Street heavyweight … Read more

Lawmakers strike deal ahead of EU carbon market vote

BRUSSELS, June 15 (Reuters) – Groups representing a majority of lawmakers in the European Parliament have struck a compromise deal on climate change policies that they will hope to pass a vote next week and avoid delays to Europe’s green agenda. The Parliament dealt a blow to the European Union’s climate change policies last week, … Read more