Month: March 2022

ECB’s Lagarde insists inflation will stop rising

NICOSIA, March 30 (Reuters) – Food and energy prices in the euro zone should stop rising, which should help the euro zone avoid a combination of stagnant growth and high inflation feared by economists, European Central Bank President Christine Lagarde said on Wednesday. Inflation in Spain hit 9.8% this month and it expected to have […]
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Futures edge higher as tech stocks resume climb

March 25 (Reuters) – U.S. stock index futures crept higher on Friday, with beaten-down growth stocks resuming their march higher even as investors grappled with concerns about the Russia-Ukraine conflict and the possibility of bigger interest rate hikes. Tech titans Meta Platforms, Microsoft Corp, Alphabet Inc, Apple Inc and rose in premarket trading after […]
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Sterling drifts lower amid resilient growth and surging prices

LONDON, March 24 (Reuters) – Sterling traded lower against the dollar on Thursday after data showed British business activity remained buoyant in March amid surging prices. Britain’s private sector reported the steepest rise in prices charged by companies since at least 1999 while the S&P Global/CIPS composite Purchasing Managers’ Index (PMI), a gauge of economic […]
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Oil jumps in volatile trade amid CPC pipeline disruption

LONDON, March 23 (Reuters) – Oil prices rose in volatile trading on Wednesday, supported by disruption to Russian and Kazakh crude exports via the CPC pipeline. Brent crude futures were up $5.16, or 4.5%, at $120.64 a barrel at 1335 GMT. Prices had earlier fallen to a low of $114.45. U.S. West Texas Intermediate (WTI) […]
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