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March 4, 2021

Equities Markets

Poland’s Mercator plans spending spree after pandemic boost

Reuters
WARSAW, March 4 (Reuters) – Polish medical gloves producer and distributor Mercator Medical is planning an acquisition spree, including in foreign markets, after its value ballooned during the COVID-19 pandemic, its chief executive said. Shares in Mercator Medical currently trade at around 345 zlotys ($91.16) compared to about 10 zlotys......

Upbeat brokers lift Volkswagen’s market value above 100 billion euros

Reuters
FILE PHOTO: An employee fixes a VW sign at a production line of the electric Volkswagen model ID.3 in Zwickau, Germany, February 25, 2020. REUTERS/Matthias Rietschel/File Photo FRANKFURT (Reuters) – Shares in Volkswagen, the world’s second-largest carmaker, rose to their highest in more than three years on Wednesday, boosted by......

Energy, mining stocks drag down FTSE 100

Reuters
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * FTSE 100 down 0.1%, FTSE 250 adds 0.2% March 2 (Reuters) – London’s FTSE 100 inched lower on Tuesday, dragged by energy and mining stocks as oil and......

GameStop soars in volatile trading session

Reuters
FILE PHOTO: GameStop logo is seen near displayed stock graph in this illustration taken February 2, 2021. REUTERS/Dado Ruvic/Illustration (Reuters) – Shares in video game retailer GameStop were up 21.2% as volume spiked late in Monday’s session putting pressure on short sellers to cover their bets as investors discussed the......

Cloud tech use in forex trading to soar by 2025: survey

Reuters
FILE PHOTO: Saudi riyal, yuan, Turkish lira, pound, U.S. dollar, euro and Jordanian dinar banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration LONDON (Reuters) – A bulk of the trading in the $6.6 trillion-a-day foreign exchange markets is expected to be on cloud technology over the......

China shares bounce higher; investors shrug off factory growth slowdown

Reuters
* SSEC +1.21%, CSI300 +1.54% * Follows >5% fall last week, biggest weekly drop in a year * Factory activity growth slows in February SHANGHAI, March 1 (Reuters) – China shares ended higher on Monday, rebounding from their biggest weekly loss in a year as investors bought shares bruised by......

Buffett upbeat on U.S. and Berkshire, buys back stock even as pandemic hits results

Reuters
(Reuters) – Not even the coronavirus pandemic could dampen Warren Buffett’s enthusiasm for the future of America and his company Berkshire Hathaway Inc. FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder......

NYSE starts move to delist Chinese state oil producer CNOOC

Reuters
FILE PHOTO: Logos of China National Offshore Oil Corporation (CNOOC) are displayed at a news conference on the company’s interim results in Hong Kong, China, March 23, 2017. REUTERS/Bobby Yip (Reuters) – The New York Stock Exchange on Friday decided to begin formal delisting of Chinese state oil giant CNOOC......

US STOCKS-S&P 500, Nasdaq set to bounce back after rout

Reuters
By Devik Jain, Medha Singh (For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Tech-focused stocks rebound * Energy stocks slip as oil prices slide * Banks stocks drop as U.S. bond yields ease * Futures: Dow......

Analysis: Hedge funds worry about market fallout from Tesla, ARK and spiking yields

Reuters
(Reuters) – Some hedge fund managers are getting concerned about the money that has flooded into high-flying stocks like Tesla and the popular ARK fund as bond yields spike and growth stocks take a hit. FILE PHOTO: Traders wear masks as they work on the floor of the New York......

Asian markets roiled as bond rout turns ‘lethal’

Reuters
SYDNEY/MIAMI (Reuters) – Asian stocks skidded to one-month lows on Friday as a rout in global bond markets sent yields flying and spooked investors amid fears the heavy losses suffered could trigger distressed selling in other assets. FILE PHOTO: A man rides a bicycle past a screen displaying Nikkei share......

CANADA STOCKS-TSX opens lower as materials drag

Reuters
Feb 25 (Reuters) – Canada’s main stock opened lower on Thursday, as weakness in materials stocks outweighed upbeat earnings by lenders Toronto-Dominion Bank and Canadian Imperial Bank of Commerce. * At 9:30 a.m. ET (14:30 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 21.77 points, or 0.12%, at......

Global equities rise as U.S. bond yield fears ease

Reuters
NEW YORK (Reuters) – A gauge of global equity markets rose on Wednesday after Federal Reserve Chair Jerome Powell said interest rates will remain low, calming market jitters sparked by a jump in U.S. Treasury yields on fears a robust recovery would drive inflation higher. FILE PHOTO: The German share......

UK will resist EU pressure on banks over clearing: BoE’s Bailey

Reuters
FILE PHOTO: Chief Executive of the Financial Conduct Authority Andrew Bailey speaks at a press conference at the Bank of England in London, Britain February 25, 2019. Kirsty O’Connor/Pool via REUTERS/File Photo LONDON (Reuters) – Britain will resist “very firmly” any European Union attempts to arm-twist banks into shifting trillions......

Nasdaq futures subdued as tech sell-off deepens

Reuters
(Reuters) – Futures tracking the tech-heavy Nasdaq were muted on Wednesday after sliding for six straight sessions as investors swapped growth-oriented technology shares with stocks that stand to gain the most from an economic rebound. FILE PHOTO: FILE PHOTO: A view of the exterior of the Nasdaq market site in......

Column: U.S. spillover risks stifling Europe and spurring ECB into action

Reuters
LONDON (Reuters) – When U.S. interest rates sneeze, Europe catches a cold. Rolled Euro banknotes are placed on U.S. Dollar banknotes in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration Market anxiety about the inflationary impact of the U.S. government’s massive planned spending boost is driving up U.S. Treasury yields......

Tesla shares set to skid into the red for the year

Reuters
LONDON (Reuters) – Shares in Tesla were set to plunge into the red for the year on Tuesday, hit by a broad selloff of high-flying technology stocks and the fall of bitcoin, in which the electric carmaker recently invested $1.5 billion. By 1029 GMT, Tesla was down over 8% in......

Occidental Petroleum posts larger quarterly loss on asset sale

Reuters
HOUSTON (Reuters) – Occidental Petroleum Corp on Monday posted a larger-than-expected fourth-quarter loss despite higher oil and gas prices as an asset sale weighed on results. FILE PHOTO: The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New......

Ten-year Treasury yield catching up to S&P 500 dividend

Reuters
(Reuters) – A historically hefty advantage that the S&P 500 dividend yield has held over the benchmark U.S. Treasury note is on the verge of disappearing, a year after the collapse in interest rates set the stage for Wall Street’s recovery from the pandemic sell-off. FILE PHOTO: A statue of......

German business morale rises thanks to robust industry

Reuters
FILE PHOTO: The skyline with its financial district is photographed during sunset as the spread of the coronavirus disease (COVID-19) continues in Frankfurt, Germany, October 26, 2020, REUTERS/Kai Pfaffenbach/File Photo BERLIN (Reuters) – German business morale rose by far more than expected in February, hitting its highest level since October......

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