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August 18, 2022

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Investors no longer ‘apocalyptically bearish’, BofA poll says

Reuters
A man walks near a Bank of America branch in New York’s Times Square Decemeber 11, 2008. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, Aug 16 (Reuters) – Investors are still bearish but no longer “apocalyptically” so, according to Bank of America’s (BofA) monthly......

Australia’s AMP profit drops as margin pressure squeezes banking unit

Reuters
The logo of AMP Ltd adorns its head office located in central Sydney, Australia, May 5, 2017. REUTERS/David Gray Register now for FREE unlimited access to Reuters.com Register Aug 11 (Reuters) – Australian wealth manager AMP Ltd (AMP.AX) said on Thursday its half-year underlying profit slumped by nearly a quarter,......

BHP likely to raise bid for ‘strategically sensible target’ OZ – analysts

Reuters
A small toy figure and mineral imitation are seen in front of the BHP logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – BHP Group Ltd (BHP.AX) will likely raise its A$8.34 billion ($5.82 billion) offer......

Fitch cuts Turkey’s debt ratings to ‘B’ from ‘B+’

Reuters
Residential housing stretches to the horizon of Istanbul’s skyline in Turkey June 13, 2018. REUTERS/Russell Boyce Register now for FREE unlimited access to Reuters.com Register July 8 (Reuters) – Ratings agency Fitch downgraded Turkey’s debt rating to “B” from “B+” on Friday, citing increasing inflation and broad concerns about the......

Tesla plays ‘whack-a-mole’ with snags as deliveries fall for first time in two years

Reuters
July 5 (Reuters) – Tesla Inc (TSLA.O) faces a series of hurdles ranging from production snags to rising inflation that may hit profits, Wall Street analysts said on Tuesday, as the electric-car maker reported a fall in deliveries for the first time in two years. Stung by China’s COVID-19 lockdowns......

Muted start to new quarter for European equities as recession worries weigh

Reuters
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 29, 2022. REUTERS/Staff Register now for FREE unlimited access to Reuters.com Register Euro zone inflation hits another record, tops estimates Micron’s bleak outlook weighs on chip stocks Italy, Spain’s factory activity growth slows......

Europe stares at ‘stagflation’, says UBS

Reuters
A man pushes a shopping cart in Nice, France, June 10, 2022. REUTERS/Eric Gaillard Register now for FREE unlimited access to Reuters.com Register June 30 (Reuters) – Eurozone is headed toward “stagflation” as efforts to stamp out a surge in inflation will bring growth to a near halt in the......

Chances of global recession nearing 50% -Citigroup

Reuters
The logo of Citi bank is pictured at an exhibition hall in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha/File Photo Register now for FREE unlimited access to Reuters.com Register June 23 (Reuters) – Citigroup is forecasting a near 50% probability of a global recession, as central banks rush to raise......

Analysis: For central bankers, tighter financial conditions may be an ally

Reuters
Pedestrians and a traffic light stop sign are reflected on a quotation board in Tokyo, Japan February 26, 2021. REUTERS/Kim Kyung-Hoon/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, June 15 (Reuters) – Slumping stocks and surging bond yields are rapidly crimping global financial conditions, yet given......

Micron gets rare ‘underweight’ rating as PC demand slows

Reuters
Micron GDDR6X graphics memory solution is pictured in this April 12, 2022 handout image. Micron Technology/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY Register now for FREE unlimited access to Reuters.com Register June 3 (Reuters) – Micron Technology’s stock (MU.O) received a rare “underweight” rating from......

UK stocks hit by global gloom, windfall tax threat for utilities

Reuters
The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville Register now for FREE unlimited access to Reuters.com Register Power generators hit by report of windfall tax Royal Mail slides as Peel Hunt downgrades to sell FTSE 100 down 0.6%, FTSE......

BlackRock moves to sidelines on developed market equities

Reuters
NEW YORK, May 23 (Reuters) – BlackRock Investment Institute cut its ratings of developed market (DM) equities to “neutral” from “overweight” on Monday, citing the U.S. Federal Reserve’s potentially overzealous efforts to curb inflation and signs of economic slowdown in China. Regarding the Fed’s ramped-up rhetoric “vowing to bring inflation......

Indian shares slump as inflation, economic slowdown fears linger

Reuters
A security guard walks past the logo of the National Stock Exchange (NSE) inside its building in Mumbai, India, May 28, 2019. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register BENGALURU, May 19 (Reuters) – Indian shares dropped 2% on Thursday, weighed down by a broader market......

Wells Fargo sees end-of-year U.S. recession, cuts GDP view

Reuters
A person pushes a shopping cart in a supermarket in Manhattan, New York City, U.S., March 28, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register May 18 (Reuters) – Wells Fargo Investment Institute said on Wednesday it reduced its economic expectations with a mild U.S. recession......

Indian shares follow broader Asia higher; Ambuja Cements, ACC up

Reuters
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February 1, 2020. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register BENGALURU, May 16 (Reuters) – Indian shares inched higher on Monday as broader Asia tried to hold onto small......

European stocks mark positive end to volatile week

Reuters
STOXX 600 rises for first week in five Casino jumps as TotalEnergies, Engie eye renewables arm Vestas slides after Berenberg downgrade May 13 (Reuters) – European shares rose on Friday, closing higher for the first time in five weeks, as a bout of bargain hunting took over after worries about......

Indian shares fall over 2%, rupee hits record low ahead of inflation data

Reuters
A cashier checks Indian rupee notes inside a room at a fuel station in Ahmedabad, India, September 20, 2018. REUTERS/Amit Dave Register now for FREE unlimited access to Reuters.com Register BENGALURU, May 12 (Reuters) – Indian shares lost more than 2% on Thursday and the rupee hit an all-time low,......

Indian shares muted as losses in metal stocks offset auto gains

Reuters
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February 26, 2016. REUTERS/Shailesh Andrade Register now for FREE unlimited access to Reuters.com Register BENGALURU, May 10 (Reuters) – Indian shares were subdued on Tuesday, with losses in metal and energy stocks countering......

Indian shares post worst week since November on concerns over rate hikes

Reuters
A man looks at a screen displaying news of markets update inside the Bombay Stock Exchange (BSE) building in Mumbai, India June 20, 2016. REUTERS/Danish Siddiqui Register now for FREE unlimited access to Reuters.com Register BENGALURU, May 6 (Reuters) – Indian shares closed over 1% lower on Friday and registered......

Indian shares extend losses with U.S. Fed meet in focus

Reuters
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February 26, 2016. REUTERS/Shailesh Andrade Register now for FREE unlimited access to Reuters.com Register BENGALURU, May 2 (Reuters) – Indian shares kicked off May on a tepid note, with losses seen across the......

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