By Joice Alves LONDON (Reuters) – A lack of clarity on Beijing’s planned stimulus measures will mean a mixed appetite for European stocks over the rest of 2023, investors say, with China the EU’s third biggest export market. From high-end cars to luxury watches, Europe’s consumer discretionary and staples, technology, industrials and materials sectors all…
By Medha Singh (Reuters) -Retail traders raised their exposure to U.S. stocks in June encouraged by healthy returns, with their focus shifting to electric-vehicle firms from artificial intelligence stocks earlier in the year. They poured in $1.4 billion per day on average in U.S. equities in the month, closing in the all-time record of $1.5…
(Reuters) – Automaker Stellantis N.V. and Canada-based miner NioCorp Developments Ltd on Thursday signed an offtake term sheet with the objective of establishing a supply deal for rare earth minerals critical to electrical vehicles. The preliminary agreement establishes a 10-year offtake contract for minerals like neodymium-praseodymium oxide, dysprosium oxide, and terbium oxide that NioCorp aims…
By Andrew Gray and Niklas Pollard BRUSSELS (Reuters) -Sweden failed on Thursday to convince Turkey to lift its block on Stockholm’s path to NATO membership, and the issue will now go to a meeting of the Turkish and Swedish leaders next week. Speaking after talks with the Turkish and Swedish foreign ministers at the security…
By Howard Schneider WASHINGTON (Reuters) – New data from the New York Federal Reserve shows underlying inflation may have slowed faster than the headline measures that have kept U.S. central bank officials poised for further interest rate increases. In a research series that is now due for monthly release, the New York Fed’s so-called “multivariate…
LONDON (Reuters) – Meta, the company behind social media giants Facebook and Instagram, has launched its new microblogging platform Threads. WHAT IS THREADS? The new app bears a striking resemblance to Twitter, allowing users to post text, images, or videos, as well as like, share, or repost content. Threads accounts are synched to Instagram at…
MILAN (Reuters) – Generali has agreed to buy Connecticut-based asset manager Conning Holdings as part of a partnership with Cathay Life, a unit of Taiwan’s Cathay Financial Holding, the Italian insurer said on Thursday. The deal, structured as an exchange of assets without a cash consideration, realises Generali CEO Philippe Donnet’s ambition of expanding into…
By Harry Robertson and Alun John LONDON (Reuters) -Germany’s two-year bond yield jumped to its highest level in 15 years on Thursday, rising back above the peak it hit in March before jitters in the banking system rocked global markets. The new milestone was reached during a sharp sell-off in bonds in the euro zone,…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – U.S. interest rate futures on Thursday saw an increased probability of another rate increase by the Federal Reserve in November after news private payrolls surged last month, suggesting a still tight and strong labor market. The benchmark fed funds futures factored in a 47% chance of a hike…
By Elvira Pollina MILAN (Reuters) – Silvio Berlusconi’s eldest children Marina and Pier Silvio will together control the business empire founded by the former prime minister, according to the terms of his will which was made public on Thursday. Marina and Pier Silvio Berlusconi, who both already have executive roles in parts of the business,…
