Credit Suisse shares slip despite steps taken to ease investor concerns

Credit Suisse shares slip despite steps taken to ease investor concerns

Credit Suisse caught in market turmoil ahead of overhaul Shares fell 10% in early trading on Monday The Bank’s euro-denominated bonds hit historic lows Swiss bank says its capital and liquidity are strong ZURICH, Oct 3 (Reuters) – Shares of Credit Suisse (CSGN.S) fell 10% on Monday, reflecting market concerns ahead of a restructuring plan … Read more

Pound jumps after UK tax cut rescinded, oil climbs higher

Pound jumps after UK tax cut rescinded, oil climbs higher

TOKYO, Oct 3 (Reuters) – Oil surged on Monday as OPEC+ considered cutting output at its meeting later this week, while the pound appreciated after the British government announced it would would undo a controversial tax cut that had rocked UK markets. Asian stocks mostly fell over the holidays, although Japanese markets found support from … Read more

Wall St posts third straight quarterly loss as inflation weighs and recession looms

Wall St posts third straight quarterly loss as inflation weighs and recession looms

S&P 500 posts biggest September percentage decline in 20 years All three major U.S. stock indexes post three-quarter declines Core inflation data is warmer than expected Indices down: Dow 1.71%, S&P 1.51%, Nasdaq 1.51% NEW YORK, Sept 30 (Reuters) – The S&P 500 closed its biggest September decline in two decades on Friday, skidding across … Read more

China’s factory and services surveys suggest the economy is struggling to rebound

China’s factory and services surveys suggest the economy is struggling to rebound

China’s official September manufacturing PMI above forecast Private survey shows factory activity has contracted sharply Growth in services sector activity slowed in September – official survey COVID curbs, easing foreign demand, weak real estate weigh BEIJING, Sept 30 (Reuters) – China’s manufacturing activity slowed growth in September, but slowing service sector growth and a pessimistic … Read more

Growth stocks lead the rebound on Wall Street after a sharp sell-off

Growth stocks lead the rebound on Wall Street after a sharp sell-off

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 26, 2022. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register Major clues set to break five-day losing streak Rate-Sensitive Tech, Growth Stocks Shine Strong rebound in oil prices boosts energy companies Indices up: Dow 0.39%, … Read more

Cryptoverse: Bitcoin miners find themselves stuck in a bear pit

Cryptoverse: Bitcoin miners find themselves stuck in a bear pit

A bitcoin representation is seen in an illustrative photo taken at the Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier Join now for FREE unlimited access to Reuters.com Register Sep 27 (Reuters) – Spare a thought for the embattled bitcoin miner. By the end of 2021, miners were the toast of the … Read more

Crawling dollar pauses for breath as bears stalk stocks

Crawling dollar pauses for breath as bears stalk stocks

Join now for FREE unlimited access to Reuters.com Register HONG KONG, Sept 27 (Reuters) – Asian markets tried to stabilize on Tuesday after a wild few days in which most assets except the dollar fell, the greenback easing a bit and stocks stagnant. The pound, which slumped to a record low of $1.0327 on Monday, … Read more

Wall Street ends lower, Dow confirms a bear market

Wall Street ends lower, Dow confirms a bear market

Join now for FREE unlimited access to Reuters.com Register Fed rate hikes prompt investors to ‘throw in the towel’ Casinos surge as Macau allows tour groups after nearly 3 years Indices: Dow -1.11%, S&P 500 -1.03%, Nasdaq -0.60% Sept 26 (Reuters) – Wall Street slid deeper into a bear market on Monday, with the S&P … Read more

Pound slumps to record high, dollar soars amid UK fiscal angst

Pound slumps to record high, dollar soars amid UK fiscal angst

A woman holds British pound banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/ Join now for FREE unlimited access to Reuters.com Register TOKYO, Sept 26 (Reuters) – The pound sterling fell to a record low on Monday as traders rushed for the exits on the belief that the new government’s economic plan would … Read more

Pound tumbles as investors fly to dollar

Pound tumbles as investors fly to dollar

Join now for FREE unlimited access to Reuters.com Register The pound sterling hits a record high; risk of reaction from the BOE Euro down 1%; The Aussie, Kiwi and Yuan hit multi-year lows S&P 500 futures fall 0.6% SYDNEY, Sept 26 (Reuters) – The pound fell to a record high on Monday, sparking speculation of … Read more