By Shubham Batra, Shristi Achar A and David Carnevali (Reuters) – The S&P 500 and Nasdaq closed in negative territory on Wednesday as investors took profits after a months-long megacap stock[...]
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June 7, 2023
Marketmind: Indian rates, Japan GDP in the spotlight
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. An interest rate decision from India and revised Japanese GDP will be the big local drivers for Asian[...]
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Bank failures, ‘hard landing’ still top-of-mind for hedge funds
By Carolina Mandl and Davide Barbuscia NEW YORK (Reuters) -Big U.S. hedge fund and family office investors on Wednesday cautioned that despite the U.S. economy showing resilience, a recession and more[...]
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Shares recoil from 13-mth high, Turkey’s lira hits record low
By Samuel Indyk and Koh Gui Qing LONDON (Reuters) -Global stocks retreated from a 13-month high on Wednesday and the U.S. dollar drifted lower as attention turned towards next week’s pivotal inf[...]
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UK’s Sunak seeks stronger economic ties with U.S. on Washington trip
WASHINGTON (Reuters) -Britain wants to put its economic ties with the United States on the same footing as the two countries’ defence and security cooperation to help both counter global threats[...]
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Dollar edges up against yen as investors wait on inflation data, Fed
By Karen Brettell NEW YORK (Reuters) – The dollar edged higher against the yen on Wednesday as investors awaited U.S. inflation data for May and the Fed’s interest rate decision next week, while[...]
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Oil prices rise as Saudi output cuts outweigh weak demand signals
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices climbed about 1% on Wednesday as Saudi Arabia’s plans for deep output cuts more than offset demand woes stemming from rising U.S. fuel stocks a[...]
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Bank of Canada hikes rates to 22-year high, more increases expected
By Steve Scherer and David Ljunggren OTTAWA (Reuters) – The Bank of Canada on Wednesday hiked its overnight rate to a 22-year high of 4.75%, and markets and analysts immediately forecast yet ano[...]
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Lira plunges more than 7% as Turkey edges towards free market
By Nevzat Devranoglu and Huseyin Hayatsever ANKARA (Reuters) -Turkey’s lira plunged 7.6% to a record low on Wednesday in its biggest selloff since the historic 2021 crash, and traders called it[...]
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