LONDON (Reuters) – Tullett Prebon on Tuesday launched a new desk and team to trade CME cobalt, lithium and molybdenum, all materials crucial for batteries used in electric vehicles and energy storage, the London-based commodities broker said. The new team will be led by London-based Jack Nathan, previously at FIS. Nathan will be supported by …
Tullett Prebon launches battery metals trading desk Read More »
By Medha Singh (Reuters) -British shares ended lower on Tuesday as fears about higher-for-longer interest rates sparked a global risk off mood, although a rise in commodities-linked stocks kept losses in check for the resources-heavy index. Leading sectoral gains, oil and gas stocks advanced 3.1%, tracking higher crude prices hit their highest level this year. …
London stocks dip in global risk off mood; commodity-linked stocks jump Read More »
By David Milliken LONDON (Reuters) -British house prices rose in March at their fastest annual pace since December 2022, a survey showed on Tuesday, adding to signs that the squeeze from high interest rates is continuing to ease. Nationwide Building Society, Britain’s second-largest mortgage lender, said house prices were 1.6% higher in March from a …
UK house prices rise by most since December 2022 Read More »
STOCKHOLM/COPENHAGEN (Reuters) – The Swedish central bank on Tuesday said it had submitted a proposal to Sweden’s parliament to restore equity to the statutory base level, which will require a capital injection of 43.7 billion Swedish crowns ($4.05 billion) this year. “A negative equity does not affect the Riksbank’s ability to conduct monetary policy in …
Swedish central bank proposes capital injection of $4 billion to restore equity Read More »
LONDON (Reuters) – British lenders approved the highest number of mortgages in February since September 2022, when new lending slumped due to bond market turmoil caused by Liz Truss’ premiership, Bank of England data showed on Tuesday. Lenders approved 60,383 mortgages for house purchase in February, up from an upwardly revised 56,087 the month before …
UK lenders approve most mortgages since September 2022 Read More »
LONDON (Reuters) – British manufacturers reported their first overall growth in activity in 20 months in March thanks to recovering demand in their home market, according to a survey that added to signs that last year’s shallow recession has ended. The S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) rose to 50.3, higher than a …
UK factories report first growth in nearly 2 years, PMI survey shows Read More »
By Maria Martinez BERLIN (Reuters) -Inflation fell in six economically important German states in March, preliminary data showed on Tuesday, suggesting that national inflation will continue its downward trajectory. Economists will pay close attention to national inflation data later on Tuesday, as Germany publishes its figures before the euro zone inflation data release, expected on …
Inflation down in German states, pointing to national decline Read More »
LONDON (Reuters) – Euro zone manufacturing activity took a further turn for the worse in March, contracting at a steeper pace than in February, as demand continued to fall, according to a survey which nevertheless showed an uptick in optimism. HCOB’s final euro zone manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, dipped to …
Euro zone factory downturn deepened again in March, PMI shows Read More »
FRANKFURT (Reuters) – Euro zone consumers lowered their near-term inflation expectations in February but projections further out remained unchanged, a new survey by the European Central Bank showed on Tuesday. Consumers now see headline inflation at 3.1% in the year ahead, below expectations for 3.3% a month earlier, the monthly Consumer Expectations Survey showed. “They …
Euro zone consumers cut near-term inflation expectations – ECB survey Read More »
(Reuters) – European stocks kicked off the second quarter on a higher note, with focus on a string of economic data points including inflation data from Germany that could provide clarity on the timing for interest rate cuts from the European Central Bank. The continent-wide STOXX 600 was up 0.3% by 0712 GMT on Tuesday, …
Europe stocks kick off second quarter higher; German inflation data on tap Read More »
