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Dollar slides after US inflation meets expectations in April

Dollar slides after US inflation meets expectations in April

NEW YORK/LONDON (Reuters) – The dollar was lower and on track for its first monthly decline in 2024 after data showed that U.S. ..

Oil set for weekly loss ahead of OPEC+ meeting

Oil set for weekly loss ahead of OPEC+ meeting

NEW YORK (Reuters) -Oil prices fell on Friday and were set for a weekly loss as investors awaited an OPEC+ meeting on Sunday that will..

Stocks lose steam after U.S. data

Stocks lose steam after U.S. data

LONDON (Reuters) -MSCI’s global equities index gave up earlier gains on Friday after data showed modest U.S. inflation in April,..

European shares rise after US inflation data keeps Fed rate cut hopes alive

European shares rise after US inflation data keeps Fed rate cut hopes alive

(Reuters) -European shares rose on Friday after softer U.S. inflation data spurred hopes of interest rates cuts by the Federal Reserve..

London stocks end higher for third month

London stocks end higher for third month

(Reuters) -London stocks closed higher on Friday, logging a third straight month of gains, as investors cheered an in-line inflation r..

Nvidia set to overtake Apple as world’s second-most valuable company

Nvidia set to overtake Apple as world’s second-most valuable company

(Reuters) -Nvidia could soon surpass Apple to become the world’s second-most valuable company, as the biggest beneficiary of the..

EU approves Italian aid for $5.4 billion STMicro chip plant

EU approves Italian aid for $5.4 billion STMicro chip plant

CATANIA, Italy (Reuters) -The European Commission on Friday approved Italian state aid for STMicroelectronics to build a 5 billion eur..

German retail sales fall more than expected in April

German retail sales fall more than expected in April

(Reuters) -German retail sales fell more than expected in April, decreasing by 1.2% compared with the previous month, dimming hopes th..

Renault, Geely create joint venture for hybrid, combustion engines

Renault, Geely create joint venture for hybrid, combustion engines

(Reuters) -French automaker Renault and Chinese partner Geely announced a highly anticipated joint venture on Friday that will develop..

Investors hold their breath for inflation data

Investors hold their breath for inflation data

A look at the day ahead in European and global markets from Ankur Banerjee The time for waiting is almost over as inflation reports fr..