Tag Archives: ECO

European banks post third week of losses Deutsche Bank among top decliners STOXX down 1.4%, still set for weekly gains March 24 (Reuters) – A steep sell-off in banking stocks hit European indexes on Friday as worries about the stability of the financial sector intensified, with Deutsche Bank tumbling as …

Weekly jobless claims fall 1,000 to 191,000 Continuing claims increase 14,000 to 1.694 million New home sales rise 1.1% in February WASHINGTON, March 23 (Reuters) – The number of Americans filing new claims for unemployment benefits edged down last week, showing no signs yet that the recent financial market turbulence …

European shares dip as UK, Switzerland and Norway hike rates Dollar stuck near 7-week low after mixed Fed message Oil prices slip in commodity markets LONDON, March 23 (Reuters) – World stock markets rose on Thursday as shares on Wall Street rallied, and Treasury yields fell, after investors took comfort …

NEW YORK, March 23 (Reuters) – The end of the Federal Reserve’s bruising rate hiking cycle may be in sight, yet investors are finding plenty to worry about when it comes to the U.S. stock market. In its first meeting since the collapse of two U.S. banks this month and …

A look at the day ahead in European and global markets from Tom Westbrook Markets reckon the Fed is pretty much done now with rate hikes, but see a different story in Europe. The European Central Bank set the tone last week by sticking with a 50 basis point hike. …

A look at the day ahead in European and global markets from Ankur Banerjee With about 12 hours still to go before the Fed announces its policy decision, investors are attempting a bit of a risk-on rally. Comments from U.S. Treasury Secretary Janet Yellen, who told bankers that she was …

Existing home sales jump 14.5% in February Median house price falls 0.2% to $363,000 from year ago Supply increases 15.3% year-on-year to 980,000 units WASHINGTON, March 21 (Reuters) – U.S. existing home sales rebounded more than expected in February as lower mortgage rates and the first year-on-year decrease in prices …

Market turbulence won’t stand in way of ECB’s inflation fight – Lagarde European banks gains 1.3% as Credit Suisse rescue eases crisis STOXX 600 reverses course and rises 1.0% March 20 (Reuters) – European stocks reversed sharp early losses and rose on Monday as banking stocks rebounded from three-month lows …

Bank shares rally after emergency takeover of Credit Suisse Credit Suisse slumps over 55% European banks claw back some ground after initial 5% tumble Government bond yields rise in cautious bid for risk Wall Street gains, First Republic Bank tumbles NEW YORK/LONDON, March 20 (Reuters) – Bank stocks rallied on …

LONDON, March 19 (Reuters) – Financial markets were poised for relief on Monday after UBS Group AG (UBSG.S) agreed to buy Credit Suisse Group AG (CSGN.S) in a rescue orchestrated by the state, while major central banks announced a co-ordinated move to shore up liquidity in the financial system. In …