Morning Bid: A window into the Fed’s thinking
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 29, 2023....
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Macquarie weighs sale of stake in UK offshore wind farm Race Bank -sources
LONDON, Oct 6 (Reuters) - Macquarie (MQG.AX) is considering selling its 25% stake in Race Bank, a 573 megawatt offshore wind farm located off Britain's Norfolk coast, according to two sources with knowledge of the matter.The infrastructure group is working with advisors on the sale, which could value the wind farm at up to 3 billion pounds ($3.66 billion), one of the people said. Race Bank started production in 2018 and provides enough power for the equivalent consumption of more than 510,000 homes, according to the website of Orsted (ORSTED.CO),...
‘Europe isn’t profitable’ – Solar industry warns of hurdles to EU’s green tech drive
Solar panels are seen atop a hops plantation in the Bavarian Holledau region in Au, Germany, June 19, 2023. REUTERS/Louisa...
Global bond rout deepens before receding on relief rally
U.S., European, Japanese bond rout deepens10-year Treasury yields hit 16-year high above 4.88%Wall Street mixed, Euro STOXX 600 lowerNEW YORK/LONDON, Oct 4 (Reuters) - A rout in government bond markets deepened on Wednesday with benchmark U.S. yields hitting fresh 16-year highs as investors bet that persistently high interest rates will slow world growth and dampen the appetite for riskier assets.Treasury yields later receded on a cooler-than-expected U.S. private payrolls report that helped stocks on Wall Street rebound from Tuesday's sharp sell-off.Growth concerns weighed on crude oil and gold prices, and...
Euro zone economy likely contracted in Q3
A sign reading "Anti-inflation challenge, second price cut" is seen near shelves at a supermarket in Nice, France, June 15,...
Euro parity is back on the dial for FX markets
Euro outlook deteriorates on high oil pricesDon't rule out a move to parity, analysts sayEuro shed 3% in Q3, on track for 3rd year of lossesLONDON, Oct 4 (Reuters) - Resurgent oil prices hurting a deteriorating economy and renewed concerns about Italy's fiscal position mean headwinds for the euro are getting stronger, raising the risk of a move back towards the psychologically key $1 marker.The euro, trading at its lowest levels of this year near$1.05 , fell 3% versus the dollar in the third quarter. It is poised for a...
Morning Bid: This Fed’s not for turning
A look at the day ahead in U.S. and global markets by Mike DolanIf markets had been hoping the Federal...
European stocks steady as banks offset declines in utilities
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 29, 2023. REUTERS/Staff/File...
Morning Bid: Markets strap in for PMI data dump
An exit sign is pictured at the Frankfurt stock exchange, January 15, 2015. REUTERS/Kai Pfaffenbach/File photo Acquire Licensing RightsA look...
European shares snap 4-day losing streak, insurers lag as NN Group falls
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 25, 2023. REUTERS/Staff Acquire Licensing RightsNN Group shares fall after unfavourable court rulingH&M shares rise as Q3 beat dwarfs weak September salesItalian-German risk premium at highest since May ahead of Italian budgetSTOXX 600 up 0.4%Sept 27 (Reuters) - European shares rose on Wednesday after four straight sessions of losses, while insurance stocks capped the gains as Netherlands' largest insurer NN Group fell after an unfavourable court ruling.The pan-European STOXX 600 index (.STOXX) added...