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Banking

European shares post best month since Jan as tumbling inflation spurs rate cut bets

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 7, 2023. REUTERS/Staff/File Photo Acquire Licensing RightsItaly's FTSE MIB hits 15-year highEuro zone inflation tumble pits ECB against marketsASR jumps after final settlement with interest groupsSTOXX 600 adds 0.5%Nov 30 (Reuters) - European shares hit a more than two-month high on Thursday, ending November sharply higher, after data showing a drop in inflation in the U.S. and Europe boosted bets that central banks will soon be cutting interest rates.The pan-European STOXX 600 (.STOXX)...
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...
Banking

US banks scramble on research fees as reprieve on European rules runs out

NEW YORK, June 28 (Reuters) - Wall Street banks and brokerages are in a last-minute scramble to meet a July 3 deadline to charge investors for research reports, bankers and others in the industry said, a requirement that threatens their European business if they fail to comply.Bank of America Corp (BAC.N) and Jefferies Financial Group were among the earliest U.S. banks to comply with the rules - but many others have not yet met the standards and are rushing to catch up, they said.Failure to do so could mean losing...
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