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LIVE MARKETS-The bright spots in UK domestic stocks
STOXX 600 up 0.5%DAX hits intraday recordEnergy stocks lead gainersWall St futures higherWelcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.comTHE BRIGHT SPOTS IN UK DOMESTIC STOCKS The UK ...Reuters
Fri, May 9
Other
Kurdish PKK militants convene congress, take "historic decisions", agency says
ANKARA, May 9 (Reuters) - The Kurdish PKK militant group held a congress on May 5-7 in northern Iraq, following a call from its imprisoned leader Abdullah Ocalan for the group's dissolution, the Firat news agency reported the PKK as saying on Friday.Firat, affiliated with the Kurdistan Workers P...Reuters
Fri, May 9
Technical Analysis
GBP/USD: Likely to decline further – UOB Group
Pound Sterling (GBP) is likely to decline further, potentially testing the support at 1.3190. In the longer run, scope for GBP to weaken to 1.3150; currently it is unclear whether GBP can break clearly below this level, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, May 9
Other
Delta, Korean Air to buy 25% stake in Canada's WestJet
May 9 (Reuters) - Delta Air Lines DAL.N and Korean Air Lines 003490.KS will acquire an aggregate 25% stake in Canada's WestJet Airlines for $550 million from private equity firm Onex Corp ONEX.TO, the U.S. carrier said on Friday.Delta will invest $330 million for a 15% stake and Korean Air will ...Reuters
Fri, May 9
Stocks
J.P. Morgan raises Huntington Ingalls PT as sub contracts underwrite 2025 outlook
** J.P. Morgan raises price target on U.S. military shipbuilder Huntington Ingalls Industries HII.N to $235 from $190, an upside of marginal 1% to the stock's last close** Rating unchanged at "neutral" ** Says VA submarine contract along with additional contracts will benefit co for rest...Reuters
Fri, May 9
Economic Indicator
EUR/USD bounces back amid uncertainty over upcoming US-China trade talks
EUR/USD rebounds to near 1.1260 during European trading hours on Friday from over a three-week low around 1.1200 earlier in the day. The major currency pair bounces back as the US Dollar (USD) retraces amid caution ahead of the trade talks between the United States (US) and China due on Saturday.
Fxstreet
Fri, May 9
Commodities
EU changes to sustainability law risk company lawsuits, legal scholars say
Proposals remove obligation to enact emissions reduction plansCompanies say simpler rules needed to compete with US, ChinaLegal academics say plan may mean more companies are suedEU plan must be negotiated by EU countries and lawmakersBy Kate Abnett BRUSSELS, May 9 (Reuters) - The European Union&...Reuters
Fri, May 9
Other
The art of the possible: Britain settles for quick win in US trade deal
UK went for narrow, sectoral pact in last minute shiftBritain used flattery, not escalation, to get dealBoth sides faced pressure from tariff announcementsBritain hopes to go further as talks continueBy Alistair Smout and Andrea Shalal LONDON/WASHINGTON, May 9 (Reuters) - Britain spent months but...Reuters
Fri, May 9
Stocks
AMD Stock Analysis: Buy, Hold, or Sell?
AMD (NASDAQ: AMD) reported excellent quarterly financial results, and investors are more enthusiastic about its AI prospects.Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »*Stock prices used were the afternoon pri...The Motley Fool
Fri, May 9
Stocks
Is PayPal a Deep Value Stock or a Value Trap to Avoid?
PayPal Holdings (NASDAQ: PYPL) stock has taken investors on a roller-coaster ride over the past few years. After a steep decline from its pandemic-era highs, the stock has oscillated between $50 and $90 per share. Today, the stock is priced near its lowest valuation since going public, showing how i...The Motley Fool
Fri, May 9
Other
Israel to be involved in Gaza security, not aid distribution, US envoy says
JERUSALEM, May 9 (Reuters) - Israel and Hamas will not be involved in Gaza aid distribution but Israel will take part in providing security, U.S. ambassador to Israel Mike Huckabee said on Friday.Israel cut most aid supplies into Gaza after the start of the Israel-Hamas war in October 2023. It let m...Reuters
Fri, May 9
Other
Former Aviva CEO Wilson to lead IHC's $1 billion Abu Dhabi reinsurer launch
By Ryan HewlettMay 9 - (The Insurer) - International Holding Company (IHC) is launching a $1 billion reinsurance start-up with asset managers BlackRock and Lunate with former Aviva plc CEO Mark Wilson appointed to lead the venture.IHC partners with BlackRock and Lunate to launch reinsurance venture ...Reuters
Fri, May 9
Stocks
Global equity fund inflows ease to a four-week low
May 9 (Reuters) - Global equity funds attracted the smallest weekly inflows in four weeks in the week through May 7, amid concerns about the impact of tariffs on the global economy and as investors awaited anticipated U.S.-China trade talks for more clues.According to LSEG Lipper data, investors bou...Reuters
Fri, May 9
Other
New Gaza aid plans would increase children's suffering, UNICEF says
GENEVA, May 9 (Reuters) - The United Nations Children's Fund on Friday criticized emerging plans to take over distribution of humanitarian aid in Gaza on Thursday floated by both Israel and the United States, saying that they would increase suffering for children and families.The U.S. State Depa...Reuters
Fri, May 9
Other
South Korea court clears way for new conservative party candidate amid dispute
By Ju-min Park SEOUL, May 9 (Reuters) - A Seoul court on Friday ruled the main conservative party could hold another convention to agree a presidential candidate amid a bitter dispute over who should represent the party in the June 3 election.With the presidential election less than a month away,...Reuters
Fri, May 9
