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Most emerging market stocks and currencies steadied on Wednesday against a weak dollar while China stocks dropped after consumer prices in the world's second-largest economy fell into deflation,...
Sterling fell against the U.S. dollar and the euro on Wednesday, holding close to last week's one-month low as traders stay cautious on the currency and focused on the weak UK economy. ...
(Reuters) -Wall Street was set to open lower on Tuesday with financial stocks dropping after Moody's overnight cut credit ratings of several small- to mid-sized U.S. banks and said it could downgrade some of the country's biggest lenders. Moody's cut the ratings of 10 lenders by one notch and placed six banking giants, including Bank of New York Mellon, US Bancorp, State Street and Truist Financial, on review for potential downgrades. Big banks Goldman Sachs and Bank of America eased 1.1% and 1.7%, respectively, in premarket trading, while Bank of New York Mellon and U.S. Banc...
Eurozone banking stocks fall as Italy approves 40 per cent windfall tax on banks' extra profits, to be applied in 2023.
* Glencore shares slide after H1 earnings halve ...