(Reuters) – A look at the day ahead in European and global markets from Wayne Cole. The big question for the day is how will investors greet Tesla’s announcement on Sunday that it delivered a record 466,000 vehicles in the second quarter, topping market estimates of around 445,000. The outperformance may have been due to…
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -Japanese business sentiment improved in the second quarter as raw material costs peaked and removal of pandemic curbs lifted consumption, a central bank survey showed, a sign the economy was on course for a steady recovery. Companies expect to increase capital expenditure and project inflation to stay…
(Reuters) – DirecTV removed TV station owner Nexstar Media Group’s network and local community programming from its satellite, cable and streaming systems as they failed to reach a new distribution agreement, the companies said on Sunday. Nexstar, the largest local TV station owner in the U.S., said in a statement that satellite provider DirecTV rejected…
TOKYO (Reuters) – Japan’s factory activity contracted in June after expanding for the first time in 7 months in May, a private survey showed on Monday, dragged down by weak orders for cyclical goods amid a global economic slowdown. The final au Jibun Bank Japan manufacturing purchasing managers’ index was at 49.8, returning below the…
SEOUL (Reuters) – South Korea’s factory activity shrank at a steeper pace in June and extended its downturn to a record 12th consecutive month, a survey showed on Monday, underlining the challenges facing the economy as it struggles to mount solid recovery. The survey result comes in stark contrast to other brighter signs of recoveries…
By Devayani Sathyan BENGALURU (Reuters) -The Reserve Bank of Australia will likely raise its interest rate by 25 basis points to 4.35% on Tuesday to tame stubbornly high inflation, although a Reuters poll of economists showed the decision to hike or hold was on a knife’s edge. While the latest monthly measure of consumer prices…
(Reuters) -China’s ruling Communist Party appointed central bank Deputy Governor Pan Gongsheng as the bank’s party secretary on Saturday, a move the Wall Street Journal said would be a prelude to becoming governor. The party’s Central Organization Department announced the decision at a meeting on Saturday afternoon, the People’s Bank of China (PBOC) said in…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asia gets the new quarter underway with a sense of optimism and momentum buoying world markets on the back of surprisingly strong U.S. economic data and a growing belief that risky assets can withstand ‘higher…
The UnitedHealth Group (NYSE:UNH) has recently become the subject of intense market scrutiny due to a substantial investment made by an unidentified affluent investor. This event has captured the attention of retail traders, signaling potential insights and implications for the company’s future. While the exact nature of this investor remains undisclosed, such significant developments in…
(Reuters) -Barclays is looking to terminate its corporate banking relationship with Odey Asset Management (OAM), the Financial Times reported on Sunday, predominantly due to sexual assault allegations against founder Crispin Odey. The British hedge fund has grappled with redemptions since the FT and Tortoise Media on June 8 jointly reported allegations by 13 women that…
