Russian gas to Europe falls short as heatwave drives demand

FILE PHOTO – Pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal Hanschke Register now for FREE unlimited access to Reuters.com register Italy receives 50% less gas than requested on Friday Germany’s Uniper receives 60% less gas Russia says must wait and see … Read more

Swiss National Bank raises rates in shock move, ready for more

The building of the Swiss National Bank (SNB) is pictured in Bern, Switzerland June 16, 2022. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com register SNB hikes rates for first time since 2007 Chairman says franc is no longer highly valued Safe-haven franc surges after decision Economists surprised by move, expect more hikes … Read more

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

Asian stocks slide as Fed hike fears tip Wall St into bear market

HONG KONG, June 14 (Reuters) – Asian shares slid sharply and the safe-haven dollar held near a two-decade peak on Tuesday after Wall Street hit a confirmed bear market milestone on fears aggressive US interest rate hikes would push the world’s largest economy into recession. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell … Read more

Goodbye Golden Arches: rebranded McDonald’s to reopen in Russia

McDonald’s has been hugely popular in Russia since early 1990s It is among Western firms exiting Russia over Ukraine Company had operated nearly 850 restaurants across Russia McDonald’s restaurants to reopen on Sunday under new ownership June 10 (Reuters) – Sunday marks a new dawn for Russia’s fast-food lovers as former McDonald’s Corp (MCD.N) restaurants … Read more

Euro stays grounded as ECB give ‘lift-off’ signal

Europe gets signal of first ECB rate rise in a decade Yen stuck at 20-year low against dollar China shares stumble as Shanghai sees new COVID-19 curbs Oil hovers at $123 a barrel Graphic: Global asset performance LONDON, June 9 (Reuters) – Benchmark European borrowing costs hit an 8-year high on Thursday but the euro … Read more

Shares slide as sentiment ebbs on rate fears, yields rise

Investors cautious ahead of ECB meeting, US CPI data White House expects next inflation numbers to be elevated Crude surges to 13-week high on rising US demand Global growth worries sap investment sentiment NEW YORK, June 8 (Reuters) – US and European stocks slid on Wednesday as the outlook for rate hikes sullied sentiment, while … Read more

Stocks slip as Australia rate hike heightens policy worries

MILAN, June 7 (Reuters) – World shares fell on Tuesday and bond yields dipped from recent highs as a surprise 50-basis-point rate increase in Australia raised concern over policy tightening ahead of US inflation data and a European Central Bank meeting this week . The Reserve Bank of Australia (RBA) raised rates by the most … Read more

Asia shares lifted by US futures, oil climbs

A man walks past a screen displaying a graph showing recent Nikkei share average movements outside a brokerage in Tokyo, Japan, December 30, 2020. REUTERS/Issei Kato/File Photo Register now for FREE unlimited access to Reuters.com register Asian stock markets : Nikkei adds 0.3%, S&P 500 futures rise 0.4% Euro off 7-year high on yen ahead … Read more

Stock markets jolted by Musk’s economy and jobs warning

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