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GLOBAL MARKETS-Europe stocks gain; oil jumps on Middle East tensions

17 mins ago NAMEX Comments Off on GLOBAL MARKETS-Europe stocks gain; oil jumps on Middle East tensions
LONDON (Reuters) – European stocks struggled higher on Monday, shrugging off dialed-down expectations for a big U.S. rate cut this month, while escalating tensions in the Middle East boosted safe-haven assets and oil prices. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, July 19, 2019. Read More

Gary Shapiro: Trump should do these things to boost our economy

2 hours ago NAMEX Comments Off on Gary Shapiro: Trump should do these things to boost our economy
President Trump’s biggest challenge for reelection may not be the eventual Democratic nominee – it’s an economy with record expansion that is starting to slow. The nation’s last two one-term presidents, George H.W. Bush and Jimmy Carter, lost their reelection efforts during economic downturns. President Bush faced an economic recession that forced him to raise Read More

Did someone say rate cut? Five questions for the ECB

2 hours ago NAMEX Comments Off on Did someone say rate cut? Five questions for the ECB
LONDON (Reuters) – After weeks of speculation that interest rate cuts and another round of asset purchases are on their way, investors hope Thursday’s European Central Bank meeting will give the clearest signal yet of imminent policy easing, if not the details. FILE PHOTO: The logo of the European Central Bank (ECB) is pictured outside Read More

Asia stocks fall on likely smaller Fed rate cut, pricier oil

2 hours ago NAMEX Comments Off on Asia stocks fall on likely smaller Fed rate cut, pricier oil
TOKYO (Reuters) – Asia stocks fell on Monday as investors scaled back expectations of an aggressive Federal Reserve interest rate cut, while crude oil prices rose on heightened Middle East tensions following Iran’s seizure of a British tanker. FILE PHOTO: Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Read More

UPDATE 1-India govt wants antitrust review of Big Four accountants -source

3 hours ago NAMEX Comments Off on UPDATE 1-India govt wants antitrust review of Big Four accountants -source
NEW DELHI/MUMBAI (Reuters) – The Indian government wants the country’s antitrust body to assess whether the so-called “Big Four” auditing firms and their affiliates are hurting competition in any manner, a senior government official told reporters. FILE PHOTO: The logo of accounting firm PricewaterhouseCoopers (PwC) is seen on a board at the St. Petersburg International Read More

GLOBAL MARKETS-Asia stocks fall on likely smaller Fed rate cut, pricier oil

3 hours ago NAMEX Comments Off on GLOBAL MARKETS-Asia stocks fall on likely smaller Fed rate cut, pricier oil
TOKYO (Reuters) – Asia stocks fell on Monday as investors scaled back expectations of an aggressive Federal Reserve interest rate cut, while crude oil prices rose on heightened Middle East tensions following Iran’s seizure of a British tanker. FILE PHOTO: Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Read More

Circuit breakers trip, shares soar as China’s Nasdaq-style bourse debuts

4 hours ago NAMEX Comments Off on Circuit breakers trip, shares soar as China’s Nasdaq-style bourse debuts
SHANGHAI (Reuters) – Trading hit a fever pitch, with shares rocketing as much as 520%, as China’s new Nasdaq-style board for homegrown tech firms debuted on Monday, with valuations exceeding even the expectations of veteran investors braced for a wild ride. Shanghai Party Secretary Li Qiang (centre L) and China Securities Regulatory Commission (CSRC) Chairman Read More

Oil outlook sours as sanctions, global tensions fail to bring out bulls

4 hours ago NAMEX Comments Off on Oil outlook sours as sanctions, global tensions fail to bring out bulls
LONDON/NEW YORK (Reuters) – Sentiment in the oil market has shifted dramatically in recent days, with hedge funds, producers and traders all taking a more bearish tack in response to what they see as weakness in worldwide demand. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France March 28, 2019. Read More

Asia stocks fall on likely smaller Fed rate cut, crude climbs

5 hours ago NAMEX Comments Off on Asia stocks fall on likely smaller Fed rate cut, crude climbs
TOKYO (Reuters) – Asia stocks fell on Monday as investors scaled back expectations of an aggressive interest rate cut by the Federal Reserve, while heightened Middle East tensions following Iran’s seizure of a British tanker lifted crude oil prices. FILE PHOTO: Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) Read More

Nikkei dips on Fed, earnings caution; Asahi falls after AB InBev deal

6 hours ago NAMEX Comments Off on Nikkei dips on Fed, earnings caution; Asahi falls after AB InBev deal
TOKYO, July 22 (Reuters) – Japanese shares dipped on Monday on diminishing hopes of a large rate cut by the U.S. Federal Reserve and as investors took a cautious stance ahead of a Japanese earnings seasons that starts this week. The Nikkei share average fell 0.28% to 21,407.31 while the broader Topix dropped 0.35% to Read More