U.S. equity funds register biggest weekly inflow in 28 months
June 16 (Reuters) - U.S. equity funds saw their most substantial weekly net purchases since early 2021 during the seven...
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EU watchdog seeks clues on sector risks in Eurovita’s failure
LONDON/FRANKFURT, June 16 (Reuters) - EU regulators are examining an Italian insurer's failure for clues to assess the wider sector's vulnerability to rising interest rates and whether companies owned by private equity funds face extra risks, three people familiar with the matter told Reuters.Over the last year, the world's major central banks have raised interest rates in response to the swiftest pace of inflation in decades, with the European Central Bank on Thursday raising its key rate to a 22-year high and signalling more to come.The moves have helped financial...
Yen slips after BOJ stands pat, soft data dents dollar
SINGAPORE, June 16 (Reuters) - The yen lost some ground after the Bank of Japan on Friday maintained ultra-low interest...
BlackRock files for bitcoin ETF in push into crypto
A specialist trader works at the post where BlackRock is traded on the floor of the New York Stock Exchange...
ECB mulls changing spread between rates in step towards new era – sources
FRANKFURT, June 15 (Reuters) - European Central Bank policymakers began this week a debate on evening out the "corridor" between...
Pound treads water against dollar, dips versus euro as ECB hikes rates
LONDON, June 15 (Reuters) - Sterling struggled to make headway against the dollar and eased against the euro on Thursday after the European Central Bank raised interest rates to their highest level in more than two decades.At 1300 GMT, sterling was stuck at $1.2661 , but had surrendered earlier gains against the euro, which was up 0.22% at 85.74 pence .The ECB said it expected inflation to hover above its 2% target rate through to 2025 and hinted at more interest rate hikes, even as the euro zone economy lags.The...
EU top court backs consumers in Polish FX mortgage case
WARSAW, June 15 (Reuters) - The European Union's top court on Thursday backed Polish borrowers with Swiss franc-denominated mortgages in...
Google faces EU break-up order over anti-competitive adtech practices
BRUSSELS, June 14 (Reuters) - Alphabet's (GOOGL.O) Google may have to sell part of its lucrative adtech business to address...
US stocks drop after Fed signals more rate hikes to come
Fed holds rates steady, signals more hikes by year endUnitedHealth sinks after cost warningIndexes: Dow -1.19%, S&P 500 -0.61%, Nasdaq...
European shares rise on Fed pause hopes
Fed meeting eyed later in the dayEntain to buy Poland-based betting operator for $946 mlnLogitech slides after CEO exitGrifols surges on plan to reduce stake in Shanghai RAASSTOXX 600 up 0.4%, European banks add 1.1%June 14 (Reuters) - European shares rose on Wednesday, supported by banks and miners, ahead of a broadly priced-in pause in interest rate hikes by the U.S. Federal Reserve.The pan-European STOXX 600 index (.STOXX) closed 0.4% higher.Banks (.SX7P), which tend to benefit from higher rates, rose 1.1%. Italy (.FTMIB) and Spain's (.IBEX) lender-heavy indexes rose 0.9%...