markets

European shares slide as BoE support fades; Stoxx 600 down 1.6%

Economic sentiment in the eurozone continues to deteriorate The European Commission’s economic confidence index, which compiles surveys of business and consumer confidence, fell to 93.7 in September from 97.3 in August, the lowest level since November 2020. Confidence slumped across economic sectors amid a broad increase in inflation expectations, despite the European Central Bank’s commitment …

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European shares slide as BoE support fades; Stoxx 600 down 1.7%

Stocks on the go: Rational up 12%, Barratt Developments down 9% Shares of Rational jumped more than 12% in early trading to top the Stoxx 600 list after the German stove and oven maker raised its sales revenue and profit forecast for 2022. At the bottom of the European index, British property developer Barratt Developments …

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JPMorgan’s Erdoes Mistakes: In this turbulent market, opportunities are everywhere

In this turbulent market, opportunities abound, according to Mary Callahan Erdos of JPMorgan. Stocks have been trading in a bear market this year as investors navigate inflation, the Federal Reserve raising interest rates and talk of a possible recession. On Wednesday, the S&P 500 rebounded after hitting a new year low in the previous session. …

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Hong Kong’s Hang Seng is down more than 3%, leading to sharp declines in the Asian trading session

Oil prices drop as a strong US dollar offsets production cuts due to hurricane Oil prices fell on Wednesday as a strong US dollar offset US production cuts from Hurricane Ian. Brent crude futures fell 2.06% to $84.49 a barrel, while US West Texas Intermediate also fell 2.15% to $76.78 a barrel. – Lee Ying …

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European markets are falling as global stocks fall; The Bank of England intervenes in the bond market

Stock action: thyssenkrupp down 11%, wisdom up 8% Shares of German multinational ThyssenKrupp fell 11% by mid-afternoon after JPMorgan re-covered the stock with an “underweight” rating. At the top of the European index, British drugmaker Wisdom Pharmaceuticals had jumped more than 8% by mid-afternoon. – Elliot Smith The British pound fell after the Bank of …

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All 50 states get the green light to build electric charging stations covering 75,000 miles of highways

A man charges his car at a Tesla Super charging station in Arlington, Virginia on August 13, 2021. Andrew Caballero Reynolds | AFP | Getty Images The US Department of Transportation said Tuesday it has approved electric vehicle charging station plans for all 50 states, Washington, D.C., and Puerto Rico that cover nearly 75,000 miles …

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European markets advance after a volatile start to the week

An analyst says the UK is in a pandemic-style easing phase, without pandemic-style monetary policy Market players may underestimate how an oversupply of British bonds will affect them, according to Imogen Bachra, head of UK price strategy at NatWest. “Even if the Bank of England did not sell its business back to the market, the …

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Cryptocurrency lender Voyager goes bankrupt for $1.4 billion sale of Sam Bankman-Fried’s FTX assets

Sam Bankman-Fried, founder and CEO of FTX Cryptocurrency Derivatives Exchange, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, on Wednesday, August 17, 2022. Moon Paradise | Bloomberg | Getty Images Customers of embattled crypto lender Voyager Digital may find some solace in the news that FTX, …

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Signs traders are watching to indicate that the stock market has bottomed

Are we anywhere near the bottom? The market is seriously oversold. We know what the market needs in order to stabilize itself: 1) price stability, 2) inflation stability (the next CPI will be released on October 13), and 3) earnings suspension that does not force wholesale revision of earnings estimates (earnings season begins in about …

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