Wall Street set for bounceback but recession risk keeps investors cautious

Wall Street set for bounceback but recession risk keeps investors cautious

LONDON, June 21 (Reuters) – Wall Street was set to open higher on Tuesday and European shares were set for a second day of gains, recovering slightly from last week’s 17-month lows, but major central banks’ rate hike plans and global recession risks kept investors cautious. World stocks have edged higher so far this week, … Read more

Stocks stage small bounce as investors weigh cenbanks’ next moves

Stocks stage small bounce as investors weigh cenbanks' next moves

LONDON, June 20 (Reuters) – Stock markets chalked up modest gains on Monday after last week’s hefty losses as investors braced for a host of US Federal Reserve speakers this week, where they could underline a commitment to fight inflation whatever rate pain required. Trading was thinned by a US holiday. The euro was little … Read more

Shares and bonds hit after Swiss and UK rate hikes

Shares and bonds hit after Swiss and UK rate hikes

MILAN, June 16 (Reuters) – World stocks fell on Thursday and bonds resumed their slide after a surprise Swiss interest rate hike fueled concerns about surging inflation and an aggressive policy tightening outlook from global central banks. The Swiss National Bank raised its policy rate for the first time in 15 years with a 50 … Read more

Emergency ECB meeting lifts Europe, Fed ready to go big

Emergency ECB meeting lifts Europe, Fed ready to go big

News of emergency ECB meeting sends Italian markets soaring Market almost fully priced for Fed to hike 75 bps Euro rally knocks dollar off 20-yr peak, US yields off decade top China economic data slightly beat forecasts, still weak LONDON/SYDNEY, June 15 (Reuters) – European markets rallied on Wednesday on news the European Central Bank … Read more

Stock markets jolted by Musk’s economy and jobs warning

Financial screws turned on Russia as insurers exit

LONDON, June 3 (Reuters) – Wall Street was tipped for a weaker open on Friday, bucking share price gains in Europe and Asia after warnings on the economic outlook from Tesla Chief Executive Elon Musk who outlined plans to lay off 10% of his staff . Markets are on edge ahead of crucial monthly jobs … Read more

Head of Deutsche Bank’s DWS steps down after ‘greenwashing’ raids

Head of Deutsche Bank's DWS steps down after 'greenwashing' raids

The new logo of Deutsche Bank’s DWS Asset Management is pictured at their headquarters in Frankfurt, Germany, March 19, 2018. REUTERS/Ralph Orlowski Register now for FREE unlimited access to Reuters.com Register DWS investigated over alleged greenwashing Prosecutors raided DWS and Deutsche Bank on Tuesday DWS shares down 24% since August last year Whistleblower says more … Read more

Global shares rally on relief after Fed minutes

Global shares rally on relief after Fed minutes

NEW YORK, May 26 (Reuters) – World stock markets broadly rose on Thursday and bond yields eased as no hawkish surprises from the latest US Federal Reserve minutes helped soothe immediate worries over the impact of interest rate hikes on economic growth. Wall Street extended its rally from Wednesday. By midmorning, all three major US … Read more

Germany orders 40,000 vaccine doses as precaution against monkeypox spread

Germany orders 40,000 vaccine doses as precaution against monkeypox spread

May 24 (Reuters) – Germany has ordered 40,000 doses of a Bavarian Nordic (BAVA.CO) vaccine to be ready to vaccinate contacts of those infected with monkeypox if an outbreak in Germany becomes more severe, but officials are banking on other precautionary measures for now. Speaking at a press conference, German Health Minister Karl Lauterbach said … Read more

WHO calls emergency meeting as monkeypox cases top 100 in Europe

Britain offers smallpox shot as monkeypox cases spread in Europe

A section of skin tissue, harvested from a lesion on the skin of a monkey, that had been infected with monkeypox virus, is seen at 50X magnification on day four of rash development in 1968. CDC/Handout via REUTERS Register now for FREE unlimited access to Reuters.com Register Cases in nine European countries, North America, Australia … Read more

Deere Beats Earnings Estimates and Raises Guidance. The Stock Falls Anyway.

Deere Beats Earnings Estimates and Raises Guidance.  The Stock Falls Anyway.

Text size Deere has earned more than expected for 11 consecutive quarters. Mark Hirsch/Getty Images Deere reported fiscal second-quarter earnings that beat Wall Street expectations. Full-year earnings guidance was raised too. The stock fell anyway on Friday. Deere (ticker: DE) reported earnings per share of $6.81 from sales of $13.4 billion. Wall Street was looking … Read more