(Reuters) – Investors liquidated equity funds at the fastest rate in 15 years in the week to Dec. 18, driven by caution and profit-taking in anticipation of a hawkish outcome from the U.S. Federal Reserve’s policy meeting after a recent market rally. According to LSEG Lipper data, investors divested a net $37.22 billion worth of …
Global equity funds faced huge outflows ahead of Fed decision Read More »
(Reuters) – Investors pulled a net $50.2 billion from U.S. equity funds in the week ending Dec. 18, according to LSEG Lipper data, the biggest net outflow since Sept. 2009, as they cashed in profits from a market rally ahead of the Fed policy decision. The Fed cut rates as expected on Wednesday but projected …
US equity funds saw biggest net outflows in 15 years ahead of Fed decision Read More »
By Ananya Mariam Rajesh and Nicholas P. Brown (Reuters) – Nike offered a muted forecast on Thursday, reversing gains in its shares made earlier in the day after the embattled sportswear seller’s quarterly results beat estimates. The Beaverton, Oregon-based sportswear company, which has been scrambling to regain market dominance in the face of intensifying competition, …
Nike warns its turnaround will be a slog, after results beat expectations Read More »
By Scott DiSavino and Curtis Williams NEW YORK/HOUSTON (Reuters) – Demand for U.S. natural gas to produce liquefied natural gas (LNG) for export this year is headed for its first decline since the country started exporting the super-chilled fuel from the lower 48 states eight years ago. The U.S. is the world’s largest exporter of …
Natural gas demand from US LNG export plants heads for first decline in 8 years Read More »
By Leah Douglas and Tom Polansek (Reuters) – U.S. wholesale egg prices are shattering records as an accelerating outbreak of bird flu in laying hens slashes supplies while shoppers buy more to bake Christmas cookies and other holiday treats. The increases hit consumers already grappling with stubborn inflation and bracing for potentially higher prices on …
Bird flu drives US egg prices to all-time highs before Christmas Read More »
(Reuters) – Australian bourse operator ASX will defer the day’s settlements to Monday after its Clearing House Electronic Subregister System (CHESS) software broke down and it was unable to resolve issues, it said on Friday. The stock exchange operator said that it was receiving trades from approved market operators, but demand and registry transaction processing …
Aussie bourse operator ASX to defer settlements after CHESS software outage Read More »
LONDON (Reuters) – Futures markets have seen a record-breaking run in cocoa prices in 2024, a surge exacerbated by the hedge funds that provide much of their liquidity heading for the exit. Here are some facts on futures markets, including how they operate and the main players. COCOA FUTURES – THEY’RE DIFFERENT TO COCOA BEANS? …
By Nell Mackenzie, Tom Wilson and Maytaal Angel LONDON (Reuters) – Behind a record surge in cocoa prices this year, a corner of financial markets that drives the cost of chocolate underwent a seismic shift: the hedge funds that oiled its workings headed for the exit. Confectionery prices, from candy bars to hot chocolate, are …
How a hedge fund exodus reshaped global cocoa markets Read More »
(Reuters) -Boeing has secured a firm order from Turkish low-cost carrier Pegasus Airlines for a hundred 737 MAX 10 jetliners, winning back a major customer from Airbus in a boost for the U.S. planemaker’s largest single-aisle model. The order, which Boeing said on Thursday includes options for another 100, marks the biggest MAX order this …
Boeing re-captures Turkish airline Pegasus with MAX jet order Read More »
By Anton Bridge and Miho Uranaka TOKYO (Reuters) – The broad shift towards renewable energy in the U.S. will continue even under the incoming administration of Donald Trump, said the head of the Americas arm of Japan’s largest banking group, Mitsubishi UFJ Financial Group. President-elect Trump’s anti-renewables rhetoric has not prompted a change in strategy, …
