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Currencies

European shares slip after strong week

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 24, 2023. REUTERS/Staff Acquire Licensing RightsEZ economy starts Q4 on back foot, stoking recession fears - PMITIM shares lose early shine after KKR grid dealEvotec at STOXX 600 bottom after RBC rating downgradePostNL slumps after Q3 miss, EBIT forecast cutSTOXX 600 slips 0.2%Nov 6 (Reuters) - European shares eased on Monday after the benchmark index posted its biggest weekly jump since March, with the real estate sector losing steam, while Ryanair jumped following...
Banking

World Bank poised to host climate loss and damage fund, despite concerns

Local resident Tarusila Boseiwaqa walks along a sea wall that no longer protects homes from the intrusion of water at higher tides, as a rainbow forms over Serua Village, Fiji, July 14, 2022. REUTERS/Loren Elliott/File Photo Acquire Licensing RightsNov 4 - Countries moved a step closer on Saturday to getting a fund off the ground to help poor states damaged by climate disasters, despite reservations from developing nations and the United States.The deal to create a "loss and damage" fund was hailed as a breakthrough for developing country negotiators at...
Banking

Real estate stocks lead European shares to biggest weekly gain since March

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 26, 2023. REUTERS/Staff/File Photo Acquire Licensing RightsReal estate stocks post strongest week since at least 2008BMW reports higher margin in Q3Outlook comment, buyback review drag MaerskECB hopeful on inflation; cannot close door on hikes -SchnabelSTOXX 600 up 0.2%, adds 3.4% this weekNov 3 (Reuters) - Europe's benchmark STOXX 600 index posted its biggest weekly gain since March on Friday, supported by interest rate-sensitive real estate stocks as signs of an end to monetary...
Stock Market

Stocks, Treasury yields retreat amid mixed earnings, economic data

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 23, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights10-yr Treasury yields pull back from 5%U.S., European and Asian stocks all fallECB hold rates as expected, but euro little affectedDollar climbs above 150 yen, dollar index ticks upOil slips, gold near five-month highOct 26 (Reuters) - Shares around the world fell and U.S. Treasury yields retreated on Thursday as investors digested mixed U.S. economic and corporate signals.The U.S. economy grew faster than expected in...
Funds

‘Positions not matching yet’ as EU states fight for slice of budget pie

Members of the European Council speak as they attend the European Union leaders summit, in Brussels, Belgium October 26, 2023. REUTERS/Yves Herman Acquire Licensing RightsBRUSSELS, Oct 26 (Reuters) - From supporting Ukraine to boosting military might and managing migration, European Union leaders channelled diverging priorities on Thursday as they started debating where to put more money from their shared budget in the next four years.The EU is due to decide in December on a revision of its 2021-27 budget worth 1.1 trillion euros ($1.2 trln), which is already strained by...
Banking

Worldline shock fuels European payments sector slump

U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. REUTERS/Dado Ruvic/Illustration//File Photo Acquire Licensing RightsOct 25 (Reuters) - Worldline's shares shed more than half of their value on Wednesday after the French payments company stunned investors with a cut to its full-year targets, spooking the stocks of rivals such as Nexi and CAB Payments.Investors have grown increasingly cautious about the sector, where stretched valuations have come under pressure from higher interest rates and fintech funding has dropped sharply.Shares in Worldline...
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