A look at the day ahead in U.S. and global markets from Mike Dolan A volte face in Treasury yields has improved investors’ mood considerably this week as excitement about U.S. disinflation builds despite conflicting signals from around the world. After bumpy start to the third quarter, stocks and bonds rallied together on Monday –…
(Reuters) – As rebellious Wagner forces drove north toward Moscow on June 24, a contingent of military vehicles diverted east on a highway in the direction of a fortified Russian army base that holds nuclear weapons, according to videos posted online and interviews with local residents. Once the Wagner fighters reach more rural regions, the…
By Sinead Cruise and Carolyn Cohn LONDON (Reuters) – Britain’s financial services industry has broadly cheered fresh government proposals to jumpstart the economy by channelling 50 billion pounds ($64.5 billion) of pension fund cash into fledgling firms, but the plans could backfire on savers, experts said. Finance minister Jeremy Hunt on Monday unveiled a raft…
By Selena Li and Samuel Shen HONG KONG (Reuters) – UBS has halted plans to set up a new fund unit in China and decided to maintain ownership in a mega fund joint venture from its Credit Suisse takeover, two people with direct knowledge of the matter said. UBS has decided to indefinitely suspend works…
BERLIN (Reuters) – Mercedes-Benz Group sales in the second quarter rose 6% year-on-year – a total of 515,700 vehicles – on the back of demand for all-electric and top-end vehicles, the German carmaker said on Tuesday. Sales grew in all the carmaker’s main regions – Europe, Asia and North America – with deliveries in Germany…
MADRID (Reuters) -Spanish maritime rescue that dispatched a plane and a ship to search for a fishing vessel from Senegal with about 200 migrants on board and missing for nearly two weeks, on Monday discovered what appears to be a different migrant boat. The reconnaissance plane spotted a boat 71 miles (114 km) to the…
PARIS (Reuters) – French automaker Renault said on Tuesday worldwide sales of its flagship brand rose 11% in the first half of the year to 770,807 units, extending a rebound after four years of declines. The increase marks an acceleration from the 9% growth in sales reported in the first quarter of 2023. In 2022…
BERLIN (Reuters) – German inflation rose in June, interrupting a steady decline since the start of the year. German consumer prices, harmonised to compare with other European Union countries, increased by 6.8% on the year in June, the federal statistics office said on Tuesday, confirming preliminary data. The year-on-year rebound in German inflation midway through…
By John Revill and Tomasz Janowski ZURICH (Reuters) – A rare Swiss parliamentary investigation due to start this week aims to establish what went wrong before the dramatic fall of Credit Suisse, once Switzerland’s second biggest bank. The fifth such probe in the country’s modern history was set up after parliament, in a largely symbolic…
By Nick Carey LONDON (Reuters) – China’s looming gallium export controls leave automakers with a dilemma over whether they can continue to rely on a metal which had been seen as a game changer for electric vehicles. Gallium is currently used in a wide variety of applications, from LEDs to smaller mobile phone adaptors. Little…
