Banks

European stocks slide 2.8% after weak euro zone data, new UK economic plan

European stocks were sharply lower on Friday, as investors digested a raft of central bank decisions and a new economic plan from the U.K.The Stoxx 600 was down 2.8% in early afternoon trading, with all sectors and major bourses trading in the red.Oil and gas stocks and basic resources were the biggest fallers, both down …

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Banks struggle to offload Citrix debt glut in sign of weak credit market

A chunky corporate debt sale viewed as a test of US capital markets has ended with disappointing results after bankers were forced to offer cut-price bonds and loans to fund the leveraged buyout of software company Citrix. Investor orders barely covered the $8.55bn debt package on offer, with many big money managers and hedge funds …

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Indian stocks to buy to play the investment boom: Morgan Stanley

India is set to see a surge in investments, according to Morgan Stanley , which named several stocks it thinks could benefit from rising capital expenditure in the economic powerhouse. In a note entitled “How to Play India’s Coming Capex Boom,” Morgan Stanley analysts said it was expecting supply-side factors and to align with improving …

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European markets move higher after record ECB rate hike; BoE postpones meeting

European markets were higher Friday, as investors reacted to a record rate hike by the European Central Bank and further comments from Federal Reserve Chair Jerome Powell.The pan-European Stoxx 600 was up 1.7% in afternoon trade, with all sectors trading in the green. Basic resources were 3.1% higher, while banks were up 2.3%. On Thursday, …

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Bitcoin (BTC/USD), Ethereum (ETH/USD), Dogecoin (DOGE/USD) – Bitcoin, Ethereum, Dogecoin Flat As Central Banks Stay Hawkish: Why This Trader Says Be Careful About ETH Bounce

Ethereum’s gains were higher than Bitcoin’s, even as the two coins remained largely flat on Thursday evening, with the global cryptocurrency market cap rising 0.7% to $983.3 billion at 8:20 p.m. EDT. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin BTC/USD 0.03% -3.7% $19,355.19 Ethereum ETH/USD …

Bitcoin (BTC/USD), Ethereum (ETH/USD), Dogecoin (DOGE/USD) – Bitcoin, Ethereum, Dogecoin Flat As Central Banks Stay Hawkish: Why This Trader Says Be Careful About ETH Bounce Read More »

Central banks will fail to tame inflation without better fiscal policy, study says

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022. REUTERS/Sarah Silbiger/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterJACKSON HOLE, Wyo., Aug 27 (Reuters) – Central banks will fail to control inflation and could even push price growth higher unless governments start playing their …

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Hawkish Fed remarks dent global stocks

Minneapolis Fed President Neel Kashkari on Tuesday reiterated the central bank’s commitment to bringing inflation under control through monetary policy tightening, and said his biggest fear is that the persistence of price pressures is underestimated.Anjali Sundaram | CNBCLONDON — European markets were muted on Wednesday as new hawkish comments from a U.S. Federal Reserve policymaker …

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