(Reuters) -Shares of retail favorites Opendoor Technologies and Kohl’s resumed their rally on Thursday, fueled by continued meme stock euphoria and broader markets hitting record highs. Opendoor Technologies, an e-commerce platform for residential real estate, rose 19% to $2.73, adding to its more than 400% surge in July. Bullish posts last week on X.com by …
Opendoor, Kohl’s resume rally as meme stock frenzy continues Read More »
By Yoruk Bahceli, Danilo Masoni and Naomi Rovnick LONDON (Reuters) -Traders grew more convinced on Thursday that the European Central Bank will hold rates after the summer as the bank’s relatively upbeat assessment of the economic outlook and signs an EU-U.S. trade deal is near reduced bets on further cuts. Money markets now price in …
Traders increasingly confident of ECB pause until year-end Read More »
FRANKFURT (Reuters) -The European Central Bank left its main interest rate unchanged at 2% as expected on Thursday, taking a break after a year of policy easing to wait for clarity over Europe’s future trade relations with the United States. With inflation now back at its 2% goal and interest rates down from 4% to …
ECB leaves interest rates unchanged amid tariff uncertainty Read More »
BRASILIA (Reuters) -Brazil’s federal tax revenue hit a record high in the first half of the year, lifted by strong June collections, revenue service data showed on Thursday, as President Luiz Inacio Lula da Silva seeks to boost public income to shore up fiscal accounts. Federal tax revenue rose 6.62% in June from a year …
By Daren Butler and Ece Toksabay ISTANBUL (Reuters) -Turkey’s central bank cut interest rates by 300 basis points to 43% on Thursday, more than expected, resuming an easing cycle that had been disrupted by political turmoil earlier this year, as markets have since calmed and disinflation continued. Going forward, the central bank said it would …
Turkish cenbank returns to easing with big 300-point rate cut Read More »
FRANKFURT, July 24 (Reuters) – Following is the statement from the European Central Bank following its policy meeting. The Governing Council today decided to keep the three key ECB interest rates unchanged. Inflation is currently at the 2% medium-term target. The incoming information is broadly in line with the Governing Council’s previous assessment of the …
TEXT-Statement from the ECB following policy meeting Read More »
By Sameer Manekar (Reuters) -Long positions on most Asian currencies fell on bets that pressure on the U.S. dollar was easing after a bleak first half, though bullish bets on currencies in Singapore and Taiwan remained strong, a Reuters poll showed on Thursday. Poll participants were most bullish on the Singapore dollar and the Taiwan …
Investors trim long bets on Asian currencies as headwinds to dollar ease – Reuters poll Read More »
By Dharamraj Dhutia MUMBAI (Reuters) -Indian banks are likely to adopt a cautious approach in deploying funds at the central bank’s reverse repo auction which is likely to take place on Friday after a recent cash crunch forced them to borrow overnight at elevated rates, bankers said. Lenders parked 2 trillion rupees ($23.17 billion) with …
Once bitten, twice shy: Indian banks wary of parking funds with RBI after rate jolt Read More »
By Kevin Buckland TOKYO (Reuters) -Japan’s Topix index climbed to a record high on Thursday and the Nikkei share average hit a new one-year peak, as stocks rallied for a second straight session after Tokyo struck a long-awaited trade deal with Washington. The Topix advanced as much as 2.1% to reach 2,986.63 for the first …
Japan’s Topix rallies to record high in trade deal afterglow Read More »
By Shashwat Chauhan, Medha Singh and Sinéad Carew (Reuters) -Investor enthusiasm faded for the latest meme stocks on Wednesday, with shares in heavily shorted Krispy Kreme and GoPro closing well below their session highs, while Tuesday’s investor darling – department store Kohl’s – finished sharply lower. Individual investors have been betting on riskier pockets of …
Meme stocks pare gains as highly shorted Krispy Kreme, GoPro join the frenzy Read More »
