Mining The Markets

Updated

Stocks edge lower, oil jumps on supply concerns over Mideast, Libya

BY Reuters  • August 26, 2024August 26, 2024
By Chibuike Oguh and Dhara Ranasinghe NEW YORK/LONDON (Reuters) -World equity markets edged lower on Monday as investors digested the likelihood of U.S. interest rates being lowered soon, even as oil[...]
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Safe-haven yen, US dollar rally on escalating Middle East tension

BY Reuters  • August 26, 2024August 26, 2024
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar rallied from an eight-month low on Monday, while the yen rose against most currencies, as geopolitical tension in the Middle East intens[...]
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TSX posts record high on rotation into commodity-linked shares

BY Reuters  • August 26, 2024August 26, 2024
By Fergal Smith (Reuters) -Canada’s main stock rose to an all-time high on Monday as a jump in oil prices boosted energy shares, and ahead of quarterly earnings this week from five of Canada[...]
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US industry seeks easing of steep Biden-Harris China tariff hikes

BY Reuters  • August 26, 2024August 26, 2024
By David Lawder WASHINGTON (Reuters) – The Biden-Harris administration this week is expected to announce final implementation plans for steep tariff increases on certain Chinese imports, and if[...]
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Analysis-As US rate cuts near, economic ‘soft-landing’ odds could dictate stock performance

BY Reuters  • August 26, 2024August 26, 2024
By Lewis Krauskopf (Reuters) – With interest rate cuts virtually locked in, investors are ramping up their focus on economic data over the next few months as they game out whether the “soft land[...]
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Chip stocks slip, keeping European shares muted ahead of data-heavy week

BY Reuters  • August 26, 2024August 26, 2024
By Pranav Kashyap and Lisa Pauline Mattackal (Reuters) -European shares were broadly flat in quiet trading on Monday, with semiconductor stocks leading the technology sector lower as investors looked[...]
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With Fed’s shift to job market risks done, policy now has to catch up

BY Reuters  • August 26, 2024August 26, 2024
By Howard Schneider JACKSON HOLE, Wyoming (Reuters) -In 2022, when the Federal Reserve’s focus shifted to combating inflation, it had to ratchet up interest rates fast to get monetary policy cau[...]
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Pay gap between bosses and ordinary workers widens in Switzerland

BY Reuters  • August 26, 2024August 26, 2024
ZURICH (Reuters) -The gap between the highest- and lowest-paid workers in Switzerland widened in 2023, with top managers earning on average 143 times more than their lowest-paid employees, according t[...]
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US business spending on equipment shows signs of cooling in July

BY Reuters  • August 26, 2024August 26, 2024
By Lucia Mutikani WASHINGTON (Reuters) -New orders for key U.S.-manufactured capital goods unexpectedly fell in July and data for the prior month was revised lower, suggesting a loss of momentum in bu[...]
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