Dollar gains as investors see Fed stance likely unchanged; euro, sterling fall

Dollar gains Sterling falls after rising for six sessions NZ move dims hopes of slowdown in rate rises globally NEW YORK, Oct 5 (Reuters) – The dollar rebounded from recent weakness on Wednesday as investors viewed the US Federal Reserve’s aggressive stance on interest rates as likely unchanged, with the euro and sterling down at … Read more

Gas crisis seen to worsen after Europe burns through winter stocks

European gas storage tanks around 90% full Gazprom resumes exports to Italy Kremlin wants to join Nord Stream leaks inquiry EU divided over proposals for gas price cap HELSINKI/BRUSSELS, Oct 5 (Reuters) – Europe may face an even more acute energy crunch next year after draining its natural gas tanks to get through the cold … Read more

Morning Bid: Not so fast – Reuters

Morning Bid: Not so fastReuters Stocks making the biggest moves in the premarket: Tesla, Ford Motor, Goldman Sachs and moreCNBC Dow Jones Futures Fall After Market Rally On Fed Hopes; Musk-Twitter Saga Isn’t Over Yet | Investor’s Business DailyInvestor’s Business Daily Morning Bid: Retweet or like?Reuters Top stocks trending after hours: Twitter, Amylyx Pharmaceuticals, AutoZone, … Read more

German exports beat expectations despite cooling global economy

BERLIN, Oct 5 (Reuters) – German exports rose slightly more than expected in August despite a cooling global economy, rising interest rates and material shortages, the statistics office said on Wednesday. Stronger demand from the United States and China helped push exports to 133.1 billion euros ($132.59 billion) in August, up 1.6% from the previous … Read more

Exclusive: Banks divert gold supply from India to China, Turkey

MUMBAI, Oct 4 (Reuters) – Gold-supplying banks have cut back shipments to India ahead of major festivals in favor of focusing on China, Turkey, and other markets where better premiums are offered, three bank officials and two vault operators told Reuters. That could create scarcity in the world’s second-biggest market for gold, and force Indian … Read more

UK to propose asylum ban on English Channel migrants

Conservative government wants to tighten immigration rules Pressure builds to deal with small boat crossings Charity Care4Calais calls government plans ‘barbaric’ BIRMINGHAM, England, Oct 4 (Reuters) – British interior minister Suella Braverman set out plans on Tuesday for new powers which would ban migrants who cross the English Channel from claiming asylum and said it … Read more

London’s Battersea Power Station reborn as an office and shopping hub

LONDON, Oct 4 (Reuters) – London’s Battersea Power Station reopens next week as a glitzy hub of offices, flats, restaurants and shops after decades of failed attempts to reinvigorate one of the capital’s most iconic buildings, often described as the “Everest of real estate”. The 1930s power station once supplied a fifth of London’s electricity, … Read more

Sterling drops 1% as PM Truss defends economic plans

LONDON, Sept 29 (Reuters) – Sterling fell as much as 1% on Thursday after British Prime Minister Liz Truss defended economic plans that have triggered chaos in the country’s markets. Truss said big tax cuts were the right path for Britain and refused to consider reversing the so-called “mini budget” laid out last week. The … Read more

Morning Bit: Stress buster | Reuters

A look at the day ahead in US and global markets from Mike Dolan The new quarter seems to have defused some of the tension in world markets over recent weeks, helped by something of a rethink on just how hard central banks are willing to squeeze credit into mounting financial and economic stress. Futures … Read more