By Anisha Sircar and Ambar Warrick (Reuters) -European stocks tumbled on Thursday following signals that the European Central Bank would likely hike rates this year, while weak results from Facebook owner Meta added to pressure on global technology stocks. The pan-European STOXX 600 closed down 1.8% with tech stocks the worst performers, losing 3.5%. The …
European shares dealt double whammy by hawkish ECB, tech slump Read More »
By Yoruk Bahceli and Dhara Ranasinghe LONDON (Reuters) – Euro zone government bonds yields soared on Thursday as money markets rushed to price in more than four rate hikes from the ECB this year as president Christine Lagarde chose not to repeat her past comment that a 2022 rate hike was very unlikely. The ECB …
Euro zone bond yields soar as rate hikes bets jump on hawkish ECB Read More »
By Amal S, Tanvi Mehta and Anisha Sircar (Reuters) – London’s FTSE 100 erased early gains to end lower on Thursday, as the pound jumped after the Bank of England (BoE) announced a second consecutive interest rate hike to curb inflation. The FTSE 100 index dipped 0.7%, as a sharp rise in sterling hurt shares …
Stronger pound weighs on FTSE 100 after BoE rate hike Read More »
(Fixes spelling in first paragraph) FRANKFURT (Reuters) – A sizeable minority of European Central Bank policymakers wanted to dial back the ECB’s monetary stimulus already at Thursday’s meeting and a decision in March now looks likely, barring a big drop in inflation, two sources told Reuters. The sources said that winding down the ECB’s bond …
ECB hawks pushed for dialling back stimulus at Thursday meeting Read More »
FRANKFURT, Feb 3 (Reuters) – The European Central Bank kept policy unchanged as expected on Thursday, staying on track to provide copious stimulus this year even as inflation runs at a record high, exceeding both the bank’s 2% target and its projections. Following are highlights of ECB President Christine Lagarde’s comments at a news conference …
By Joice Alves LONDON (Reuters) -Sterling fell sharply against the euro after jumping to a two-year high on Thursday as a rate hike from the Bank of England failed to keep the British currency afloat after a meeting of the European Central Bank. The pound jumped 0.5% versus the euro after the BoE raised its …
Sterling stumbles after rollercoaster ride to 2-year high vs euro Read More »
By Manya Saini (Reuters) -Investment bank Lazard Ltd said on Thursday it expects dealmaking activity to remain robust following a record-breaking year for mergers and acquisitions, after posting earnings well above expectations. Global mergers and acquisitions topped $5 trillion for the first time in 2021, buoyed by an abundance of cheap capital and sky-high valuations, …
Lazard sees another strong year for M&A after posting record profits Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Cloud services providers such as Amazon and Microsoft and other data processing service providers must set up safeguards against illegal data transfers to non-EU governments, according to the European Commission’s Data Act to be published this month. The proposed rule, seen by Reuters, sets out rights and obligations on …
EU aims to tighten curbs on data transfers to non-EU governments – EU document Read More »
By Susanna Twidale LONDON (Reuters) – Energy prices for millions of British households are set to soar from April after the energy regulator said on Thursday that it would raise its cap on the most widely used tariffs by 54% due to record global gas prices. The rise comes amid a cost of living crisis …
Millions of Britons face 54% hike in energy bills from April Read More »
LONDON (Reuters) – Deutsche Bank closed its short trade on the euro and recommended clients to enter into a long euro/dollar trade on Thursday after the European Central Bank acknowledged the bloc’s inflationary situation has changed. Euro zone government bonds yields soared on Thursday as money markets rushed to priced in as much as four …
Deutsche Bank advises clients to buy euros after ECB hawkish pivot Read More »
