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US: Inflation upturn with oil shock – Commerzbank
Commerzbank economists Dr. Christoph Balz and Dr. Ralph Solveen argue that higher Oil prices from the Iran War are set to push US inflation higher. They expect March CPI to rise 0.9% month-on-month and 3.3% year-on-year, with core at 0.3% and 2.7%.Fxstreet
3 hours ago
Other
StairMed Secures RMB 500 Million Financing Led By Alibaba, Joined By Tencent
April 2 (Reuters) - STAIRMED SECURES RMB 500 MILLION FINANCING LED BY ALIBABA, JOINED BY TENCENTSTAIRMED: ROUND INCLUDES PARTICIPATION FROM EXISTING SHAREHOLDERS INCLUDING TENCENT, FOUNTAINBRIDGE CAPITAL, ORBIMED, ORIZA SEED, AND OTHERSSTAIRMED: LATEST ROUND BRINGS CO'S TOTAL FUNDING RAISED IN P...Reuters
3 hours ago
Stocks
SNAPSHOT-India stocks, rupee, bonds, swaps, call at 1:00 p.m. IST
MUMBAI, April 2 (Reuters) - STOCKS:The benchmark BSE Sensex .BSESN was down 1.3% at 72,188, while the broader NSE Nifty 50 .NSEI fell 1.4% to 22,370, tracking weakness in Asian peers, after President Donald Trump said the U.S. would hit Iran "extremely hard" in the coming weeks, dimming hope...Reuters
3 hours ago
Stocks
SNAPSHOT-India stocks, rupee, bonds, swaps, call at 1:00 p.m. IST
MUMBAI, April 2 (Reuters) - STOCKS:The benchmark BSE Sensex .BSESN was down 1.3% at 72,188, while the broader NSE Nifty 50 .NSEI fell 1.4% to 22,370, tracking weakness in Asian peers, after President Donald Trump said the U.S. would hit Iran "extremely hard" in the coming weeks, dimming hope...Reuters
3 hours ago
Commodities
Reconstruction of damaged Iranian steel factory to take up to one year, company official
DUBAI, April 2 (Reuters) - Iran's Khuzestan Steel Company will need between six months and a year to restore operations after its facilities were damaged in a strike last week, a deputy director said, according to a report published on Thursday by a judiciary-linked news outlet. The Internationa...Reuters
3 hours ago
Other
CANADA RESEARCH ROUNDUP- Extendicare, Groupe Dynamite, Suncor Energy
April 2 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies including Extendicare, Groupe Dynamite and Suncor Energy on Thursday. HIGHLIGHTS Extendicare Inc EXE.TO: CIBC raises target price to C$32 from C$22 Groupe Dynamite Inc GRGD.TO: S...Reuters
3 hours ago
Other
China says it supports law-abiding transnational deals after reports of Meta deal review
BEIJING, April 2 (Reuters) - The Chinese government supports companies with transnational operations and technology cooperation deals according to needs and the law, commerce ministry spokesperson He Yadong said on Thursday.He's remarks were in response to a question on what measures China would...Reuters
3 hours ago
Forex
NZD/USD Price Forecast: Holds losses near 0.5700, four-month lows
NZD/USD depreciates nearly 0.8% after two days of gains, trading around 0.5710 during the European hours on Thursday. The technical analysis of the daily chart signals a persistent bearish bias as the pair remains within a descending channel pattern.
Fxstreet
3 hours ago
Commodities
India's March palm oil imports fall to 3-month low as prices surge
By Rajendra Jadhav MUMBAI, April 2 (Reuters) - India's palm oil imports fell nearly 19% in March to a three-month low as a rally in tropical oil prices, tracking energy markets, prompted refiners to curb purchases and wait for a correction, five dealers said.Lower imports could deplete stocks...Reuters
3 hours ago
Commodities
China says trade talks with US have injected stability into ties
BEIJING, April 2 (Reuters) - China's trade talks with the United States have injected more stability and certainty into trade relations, the Chinese commerce ministry said on Thursday, sounding upbeat on the first anniversary of the U.S. so-called 'Liberation Day'. Last year, U.S. Presid...Reuters
3 hours ago
Stocks
US STOCKS-Wall St futures slide as Trump signals tougher Iran strikes, oil jumps 6%
Futures off: Dow 1.18%, S&P 500 1.31%, Nasdaq 1.57% April 2 (Reuters) - Futures tracking Wall Street's main indexes slid on Thursday as U.S. President Donald Trump signaled more aggressive attacks on Iran, dampening expectations for an end to the month-long war and sending crude prices up...Reuters
3 hours ago
Other
UK borrowing costs rise as Trump threatens further strikes on Iran
LONDON, April 2 (Reuters) - British government bond yields climbed on Thursday as oil prices rose back above $100 after U.S. President Donald Trump signalled more aggressive strikes on Iran, spooking investors who had hoped for a de-escalation in the war.Short, medium and long-dated gilt yields jump...Reuters
3 hours ago
Forex
Sterling slides as Trump vows more strikes on Iran, driving up dollar
By Harry Robertson LONDON, April 2 (Reuters) - The pound fell sharply on Thursday after U.S. President Donald Trump vowed more aggressive strikes on Iran and gave little reassurance about the reopening of the Strait of Hormuz, sending oil surging and investors flocking to the U.S. dollar.Sterling...Reuters
3 hours ago
Other
U.S. RESEARCH ROUNDUP-Doordash, Phillips 66, United Therapeutics
April 2 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Doordash, Phillips 66 and United Therapeutics, on Thursday. HIGHLIGHTS Doordash DASH.O: JP Morgan cuts target price to $244 from $272Marathon Petroleum...Reuters
3 hours ago
Forex
USD/CHF hesitates at 0.8000 following Swiss inflation figures
The US Dollar (USD) is trading higher against the Swiss Franc (CHF) on Thursday. The pair bounced up from lows near 0.7900 on Wednesday, but it is struggling to confirm above the 0.8000 psychological level, despite the release of softer-than-expected Swiss inflation figures.
Fxstreet
3 hours ago
Forex
EUR/USD resumes decline as early Mideast ceasefire hopes fade
The EUR/USD pair is down 0.5% to near 1.1530 in the European session on Thursday, resuming its decline after a two-day recovery move. The major currency pair faces intense selling pressure as the US Dollar (USD) strengthens due to fears that the Middle East war is far from over.
Fxstreet
3 hours ago
Stocks
European oil shares regain some ground after Trump says U.S. will hit Iran hard
Shares in European oil companies pare Wednesday's losses after U.S. President Donald Trump said Washington will hit Iran "extremely hard" over the next two to three weeks, squashing hopes for a de-escalation in the Middle EastA basket of European energy stocks .SXEP are up 1%Oil prices j...Reuters
3 hours ago
