By Sruthi Shankar and Anisha Sircar (Reuters) -The main European stock indexes fell more than 1% on Monday as worries about an economic slowdown in China and rapid U.S. interest rate hikes overshadowed relief from French President Emmanuel Macron’s election victory over the weekend. The continent-wide STOXX 600 index slumped 1.5% to its lowest since…
(Reuters) – The Russian rouble opened stronger on Monday, firming past 74 against the dollar, helped by tax payments that companies are due to make this week and as the market looked ahead to a central bank rate decision on Friday. At 0726 GMT, the rouble was 2.2% stronger against the dollar at 73.80, hovering…
A look at the day ahead in markets from Sujata Rao. Okay, a collective sigh of relief that France re-elected the pro-business Emmanuel Macron rather than vote in far-right opponent Marine Le Pen. But markets are far from jubilant. That’s because the French election is so last week. Instead it’s been superceded by fears for…
(Reuters) – From HSBC and Volvo in Europe to Apple and McDonalds on Wall Street, first-quarter earnings are coming in thick and fast. But will they give lacklustre stock markets a lift? In France, a Marine Le Pen presidency has not come to pass, with Emmanuel Macron winning the Sunday’s election. Now the wait is…
PARIS (Reuters) -French media giant Vivendi’s first-quarter sales grew by 7.9% at constant exchange rates and excluding acquisitions, driven by its pay-TV and advertising operations, it said on Monday. Total revenue advanced to 2.38 billion euros ($2.56 billion) from 2.1 billion a year ago. Pay-TV Canal Plus, now the company’s biggest asset after the spin-off…
By Ludwig Burger (Reuters) -Swiss drugmaker Roche’s first quarter sales rose a better-than-expected 10% on strong U.S. demand for rapid COVID-19 antigen tests and drugs including Ocrevus against multiple sclerosis as well as Hemlibra against haemophilia. Quarterly sales rose to 16.44 billion Swiss francs ($17.17 billion), up from 14.93 billion Swiss francs in the year-earlier…
By Heekyong Yang and Joyce Lee SEOUL (Reuters) -Hyundai Motor Co on Monday posted a 19% rise in first-quarter profit as favourable exchange rates offset a jump in raw material costs and a drop in sales caused by the prolonged global chip shortage. Net profit climbed to 1.6 trillion won ($1.28 billion) for the January-March…
By Yuka Obayashi TOKYO (Reuters) -Oil prices slumped to near two-week lows on Monday, extending losses from last week, as concerns grew that prolonged COVID-19 lockdowns in Shanghai and potential U.S. rate hikes would hurt global economic growth and fuel demand. Brent crude futures were down $3.15, or 3.0%, at $103.50 a barrel by 0326…
Asian shares were mostly higher Tuesday after U.S. stocks stormed back from sharp losses to log strong gains. Tokyo, Hong Kong, Seoul and Shanghai advanced while Sydney declined. Oil prices rose and U.S. futures also were higher. South Korea reported that its economy grew at a 3.1% annual pace in the first quarter of the…
By Saikat Chatterjee LONDON (Reuters) -Following is market reaction to French President Emmanuel Macron’s victory over rival Marine Le Pen in Sunday’s election. With 97% of votes counted, Macron was on course for 57.4% of the vote, interior ministry figures showed Market reaction: The euro opened higher on Monday at $1.0852 compared with Friday’s close…
