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CNN —Brazilian soccer star Dani Alves has left prison after submitting a €1 million bond (approximately $1.08 million) to a Barcelona court required for his provisional release after being convicted of sexual assault, the Supreme Court of Justice of Catalonia said in a statement on Monday. On February 22, the Barcelona provincial court sentenced Alves to four-and-a-half years in prison for sexually assaulting a woman in one of the city’s nightclubs in late December 2022. After leaving prison, the 40-year-old will have his Brazilian and Spanish passports confiscated. He is also prohibited from leaving Spanish territory and must make weekly appearances at the provincial court. Alves is one of the most decorated soccer players of his generation, winning domestic titles in Spain, Italy and France.
Persons: Dani Alves, Alves, Inés Guardiola, Alves ’ Organizations: CNN, Justice, Provincial, Barcelona Prosecutor’s, Barcelona, Copa Locations: Brazilian, Barcelona, Catalonia, Spain, Italy, France, Brazil
Camila Alves McConaughey said her no-mayo coleslaw is her family's "most requested" dish. I made the coleslaw — and after prepping the nine ingredients, it took minutes to come together. The coleslaw blends acid with salt and fat and could be a healthy side dish for any meal. AdvertisementWhat better way to prepare for warmer weather than to try a healthier version of the ultimate summer side dish: coleslaw. This recipe comes courtesy of Camila Alves McConaughey — model, designer, author, and wife of Hollywood star Matthew McConaughey.
Persons: Camila Alves McConaughey, mayo coleslaw, , Matthew McConaughey, I've Organizations: Service Locations: mayo
TOKYO (AP) — Global shares are mixed Thursday in lackluster trading. U.S. shares were set to drift higher with Dow futures up nearly 0.3% at 39,632.00. Nissan Motor Co. stock jumped 2.2% after an unconfirmed Japanese media report that the automaker behind the Leaf electric car was about to enter an agreement on EVs with domestic rival Honda Motor Co. Honda shares rose 1.1%. Photos You Should See View All 60 ImagesThe Japanese central bank has set a target of 2% inflation. That higher inflation has in turn dashed Wall Street’s hopes that the Federal Reserve could start offering relief at its meeting next week by cutting interest rates.
Persons: Germany's DAX, Sydney's, Hang Seng, , Anderson Alves, Brent Organizations: TOKYO, , CAC, Dow, Nikkei, Nissan Motor Co, Honda Motor Co, Honda, Nissan, Bank of Japan, Bank of, Federal Reserve, Fed, U.S Locations: Hong, Shanghai, ActivTrades, Bank of Japan
CNN —Former Barcelona and Brazil soccer player Dani Alves was found guilty of sexually assaulting a woman in a Barcelona nightclub and sentenced to four-and-a-half years in prison, a Barcelona court ruled Thursday. The Barcelona provincial court, where the trial was held earlier this month, said there was proof that the assault was not consensual, the court press office said in a statement Thursday. Alves, 40, was arrested in January 2023, following the events at a Barcelona nightclub in late December 2022, and he has been held in prison pre-trial since then. A lawyer for Alves, Inés Guardiola, told reporters outside of the courthouse that the former Barça star will appeal the ruling. Alves is one of the most decorated soccer players of his generation, having won domestic titles in Spain, Italy and France.
Persons: Dani Alves, Alves, Inés Guardiola Organizations: CNN, Barcelona provincial Locations: Barcelona, Brazil, Spain, Italy, France
Dollar slips on bets US rates have peaked
  + stars: | 2023-11-24 | by ( Saqib Iqbal Ahmed | ) www.reuters.com   time to read: +4 min
A woman counts U.S. dollar bills at her home in Buenos Aires, Argentina August 28, 2018. Currencies traded in a relatively narrow range with U.S. markets closing early the day after the U.S. Thanksgiving holiday. "I think what we're seeing is a classic case of the market taking the 'path of least resistance.'" The dollar index , which measures the U.S. currency with six peers, eased 0.4 % to 103.35 , staying close to the 2-1/2 month low of 103.17 touched earlier this week. German business morale improved for a third straight month in November, data showed.
Persons: Marcos Brindicci, Michael Brown, Jane Foley, Sterling, Saqib Iqbal Ahmed, Ankur Banerjee, Joice Alves, David Evans, Jason Neely, Richard Chang Organizations: REUTERS, U.S, Trader, P Global, Rabobank, Federal, ING, Thomson Locations: Buenos Aires, Argentina, London, Germany, Singapore
Dollar eases on bets US rates have peaked
  + stars: | 2023-11-24 | by ( Saqib Iqbal Ahmed | ) www.reuters.com   time to read: +4 min
A woman counts U.S. dollar bills at her home in Buenos Aires, Argentina August 28, 2018. "I think what we're seeing is a classic case of the market taking the 'path of least resistance'," Brown said. The dollar index , which measures the U.S. currency with six peers, eased 0.3% to 103.43, staying close to the two-and-a-half month low of 103.17 it touched earlier this week. Elsewhere, the Japanese yen was about flat against the dollar at 149.53, after strengthening following data that showed Japan's core consumer price growth picked up slightly in October. Separate data showed German business morale improved for a third straight month in November.
Persons: Marcos Brindicci, Michael Brown, Brown, X's Brown, Sterling, Saqib Iqbal Ahmed, Ankur Banerjee, Joice Alves, David Evans, Jason Neely Organizations: REUTERS, U.S, Trader, P Global, Federal, ING, Thomson Locations: Buenos Aires, Argentina, London, U.S, Germany, Singapore
With U.S. markets closed on Thursday for the Thanksgiving holiday and due for a shorter Black Friday trading session, currencies are trading narrowly as liquidity is expected to remain thin. The bank will "then begin its first rate hike in Q2 2024 if wage growth continues to accelerate next year". The nationwide core consumer price index (CPI), which excludes volatile fresh food costs, rose 2.9% year-on-year in October, government data showed on Friday, against 3.0% expected by economists in a Reuters poll. Separate data showed German business morale improved for a third straight month in November. Sterling rose for a second consecutive day, up 0.2% to $1.2559, after data showed on Thursday that British companies returned to growth in November, fuelling hopes Britain will avoid a recession.
Persons: Marcos Brindicci, Jefferies, Mohit Kumar, Sterling, Ankur Banerjee, Joice Alves, Jan Harvey, David Evans Organizations: REUTERS, Bank of Japan, U.S, Federal, Fed, European Central Bank, Bank of England, ING, Thomson Locations: Buenos Aires, Argentina, SINGAPORE, Germany, Singapore, London
Ruzwana Bashir Is Quietly Connecting the Tech World
  + stars: | 2023-11-16 | by ( ) www.businessinsider.com   time to read: +18 min
Story by Melia RussellPhotography by Lelanie FosterRuzwana Bashir is ransacking her kitchen cabinet for just the right tea. Bashir wears an Erdem floral-printed bra top, Erdem skirt, Giuseppe Zanotti shoes, Old Jewelry earrings along with her own bracelet and ring. "Part of building a business was going out and sharing what you were doing with the world," Bashir says. For years Bashir's startup had been building muscle around these capabilities; now it had an eager audience. Eating at acclaimed restaurants is fine, but Bashir prefers the more-intimate affairs at tech executives' homes because, she says, "you can stay longer."
Persons: Melia Russell, Lelanie Foster Ruzwana Bashir, Peek, She's, she's, Andy Warhol, Picasso, Bashir, I'm, Andreessen Horowitz, Jack Dorsey, Eric Schmidt, Goldman Sachs, Giuseppe Zanotti, Lelanie Foster, Bashir isn't, Elon Musk, Ronan Farrow, Roelof Botha, Mustafa Suleyman, we've, Bennett Miller, Capote, " Miller, , doesn't, didn't, Madeleine Albright, Tom Ford, Jared Cohen, Oskar Bruening, Forbes, Mark Zuckerberg, I've, Bashir wasn't, Travis Kalanick, Adam Neumann, Ty, Emily Weiss, Bashir refashioned, Donald Trump, Bruening, Laurence Tosi's, Miller, Beyoncé, shrugs, Anna Wintour, Anna, we're, Taylor Swift, Katie Haun, Marc Benioff, Reid Hoffman, Marissa Mayer, Dick Costolo —, Cohen, Katherine Maher, Maher, Daniel Kahneman, It's, Radel, Becky Akinyode, Elaine Winter, Tiffany Bloomfield, Dela, Chad Hilliard, Enmi, Kenny Aquiles Ulloa, Cyrenae, Madison Perez, Aidan Lapp, Bashira Webb, Bryan Erickson, Jinyoung Chang, Rodriguez, Rebecca Zisser, Claire Landsbaum, Emma LeGault, Joi, Marie McKenzie, Conner Blake, Kyle Desiderio, Victoria Gracie, Nicole Forero, Virginia Alves Organizations: Google, Museum of, Business, Elon, Vogue, Roelof, Oxford University, Oxford Union, Blackstone Group, Harvard Business School, Studios, Web, Young, Organization, Dela Revoluciøn, Enmi Yang Digital Tech Locations: Manhattan, SoHo, Bahamas, United States, Balthazar, England, Israel, Petra, Istanbul, Elle, Utah, COVID, Salt Lake City, Costa Rica, Atlanta, WestCap
CNN —A Spanish court says that Brazilian soccer player Dani Alves will face trial over an alleged sexual assault at a Barcelona nightclub in December 2022, according to Reuters. Reuters reports that Alves has been imprisoned in Barcelona since his arrest in January. CNN also reached out to Mexico’s UNAM – the club Alves was playing for at the time of the alleged sexual assault – for comment but did not immediately hear back. Alves is one of the most decorated soccer players of his generation, having won domestic titles in Spain, Italy and France. He also won three Champions League titles with Barça and won the Copa América with Brazil in 2007 and 2019.
Persons: Dani Alves, Alves, Alves ’, Barça Organizations: CNN, Reuters, FC Barcelona, UNAM –, Copa, Cameroon Locations: Barcelona, Spain, Italy, France, Brazil, Qatar
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was 0.23% higher, on course for its second straight day of gains. The Japanese yen was at 151.71 per dollar in Asian hours, having touched a one-year low of 151.92 on Monday. Investors are waiting for the U.S. inflation report, due later in the day, after Federal Reserve Chair Jerome Powell and other policymakers said they are still not sure that interest rates are high enough to tame inflation. Japan last intervened in the currency market - selling dollars and buying yen - in October last year. The dollar index , which measures the U.S. currency against six rivals, was up 0.057% at 105.69.
Persons: Shunichi Suzuki, DAX, Jerome Powell, Anderson Alves, Moody's, Fitch, Gary Dugan, YEN, Nicholas Chia, Brent, Ankur Banerjee, Shri Navaratnam Organizations: Japanese Finance, Federal, Reuters, U.S, AAA, Dalma Capital, Standard Chartered, Thomson Locations: SINGAPORE, Asia, Pacific, Japan, China, U.S, New York
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was 0.49% higher, while Tokyo's Nikkei (.N225) gained 0.36%. The Japanese yen was at 151.71 per dollar in Asian hours, having touched a one-year low of 151.92 on Monday. The U.S. inflation report, due later in the day, has investors' attention on Tuesday, especially after Federal Reserve Chair Jerome Powell and policymakers have said they are still not sure that interest rates are high enough to tame inflation. YEN WATCH RESUMESThe yen's broad decline has traders back to keeping an eye on whether the Japanese authorities will intervene. The dollar index , which measures the U.S. currency against six rivals, was up 0.057% at 105.69.
Persons: Australia's, Shunichi Suzuki, Jerome Powell, Anderson Alves, HSI, Fitch, Gary Dugan, Dugan, YEN, Nicholas Chia, Brent, Ankur Banerjee, Shri Navaratnam Organizations: Tokyo's Nikkei, Japanese Finance, Federal, Reuters, U.S, AAA, Dalma, Standard Chartered, Thomson Locations: SINGAPORE, Asia, Pacific, Japan, U.S, China, New York
Brazil's Dani Alves to stand trial for sexual assault in Spain
  + stars: | 2023-11-14 | by ( ) www.reuters.com   time to read: +1 min
BARCELONA, Nov 14 (Reuters) - Former Barcelona and Brazil defender Dani Alves will face trial in Spain on charges of sexual assault of a woman in a Barcelona nightclub last December, a Spanish court said on Tuesday. Alves was arrested on Jan. 20 and has been held in a prison outside Barcelona. 15 in Barcelona, which is yet to set a date for the proceedings to begin, said there were sufficient grounds for Alves to stand trial, following requests by the public prosecutor and the woman's lawyer. In August, judges formally indicted Alves after finding evidence of wrongdoing by the 40-year-old player. Reporting by Joan Faus, Editing by Andrei Khalip and Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.
Persons: Dani Alves, Alves, Joan Faus, Andrei Khalip, Alex Richardson Organizations: Thomson Locations: BARCELONA, Barcelona, Brazil, Spain
Andre Azevedo Alves, political science professor at Lisbon's Catolica University and St Mary's University in London, said the corruption investigation was a "very strong blow" to any PS ambitions. Analysts agree the PSD is likely to come out on top, but doubt its ability to build enough support to form a stable government. "Assuming the likelihood that the PSD will not have (enough) votes to form a government without Chega... we may go from one political crisis to another," Alves said. Waiting for a bus in central Lisbon, Ana Bernardino, 23, vented her concerns about the political outlook. "It is a political crisis and in my opinion it's a bit frustrating that elections are being held again...I'm a bit afraid."
Persons: Marcelo Rebelo de Sousa, Antonio Costa, illegalities, Costa, Costa's, Intercampus, Andre Azevedo Alves, Andre Ventura, Luis Montenegro, Alves, Antonio Barroso, Ana Bernardino, Maria Ines Ferreira, Catarina Demony, Miguel Pereira, Patricia Rua, Andrei Khalip, Nick Macfie, Angus MacSwan Organizations: Socialist Party, Social Democrats, Lisbon's Catolica University, St Mary's University, PSD, Chega, Liberal Initiative, CDS, Thomson Locations: Belem, LISBON, Portugal, London, Lisbon, Europe
That has left Italian equities overall more cheaply valued than even battered UK shares (.dMIGB00000PUS), which are trading at a 33% discount to global peers. Goldman Sachs estimates that each 10 bps rise in sovereign spreads takes around 2% off Italian bank shares and 1.5% off the FTSE MIB index. Conflict in Ukraine and in the Middle East meanwhile threaten to spark a fresh surge in energy prices and weaken growth. UniCredit shares are up almost 80% this year and among the best performing euro zone banking shares. Fidelity International portfolio manager Alberto Chiandetti, said he was chasing opportunities in battered industrials and consumer sectors in the FTSE Italia Star index.
Persons: Claudia Greco, Chris Hiorns, Fitch, Goldman Sachs, Giuseppe Sersale, Andrea Scauri, Lemanik, Scauri, LSEG, Alberto Chiandetti, Joice Alves, Danilo Masoni, Dhara Ranasinghe, Toby Chopra Organizations: REUTERS, Companies, LONDON, Barclays, European Commission, FTSE Italia Star, Anthilia, Banco, Fidelity International, FTSE, Thomson Locations: Milan, Silicon, Italy, Companies Italy, MILAN, Germany, Ukraine, iShares, Europe, dei, London
“A simple stream teeming with life turned into another world — a galaxy of greens and blues shining through a dark canvas,” said contest director and judging coordinator Alex Snyder of the winning image. Captured by Irina Petrova Adamatzky, this photograph shows the glowing skin of a corn snake under ultraviolet light. Irina Petrova Adamatzky/TNC Photo Contest 2023Some images depict the peril of the natural world, like photographer Raphael Alves’ winning photograph in the Climate category, illustrating rising rivers in Anama, Brazil, in May 2021. The Nature Conservancy hopes the images will raise awareness, evoke an emotional connection to the natural world, and help support global conservation efforts. “Additionally, photography has long been a tool used by scientists and researchers to document and monitor every aspect of our natural world.
Persons: Tibor Litauszki, Tibor, Litauszki, , Alex Snyder, Irina Petrova Adamatzky, Raphael Alves ’, , Alves, Yellowstone, Snyder Organizations: CNN, Nature Conservancy, Conservancy Locations: Anama, Brazil
Mining companies in the West are facing two overarching challenges in trying to produce enough metals to enable the energy transition, and at the same time build alternative supply chains to lessen their dependence on China. There is little doubt that Australia is a country well-placed to play a major role in supplying many of the metals vital to the energy transition. The previous models for developing mines appear no longer effective, and even if some projects do progress, they are nowhere near enough to provide enough material for the energy transition. Michael Willoughby, global head of metals, mining and transition materials at HSBC, told a forum at IMARC that there is capital available for mining, but it's located in developing countries such as China, Indonesia and Saudi Arabia. What's not being talked about is how all the new mines, mineral processing and renewable energy equipment is going to be funded.
Persons: Washington Alves, Michael Willoughby, Willoughby, Miral Organizations: Sigma Lithium Corp, REUTERS, Rights, Reuters . Mining, Mining, Resources Conference, HSBC, Reuters, Thomson Locations: Itinga, Minas Gerais, Brazil, China, Sydney, Asia, Australia, CHINA, Indonesia, Saudi Arabia, New South Wales, U.S
Barclays (BARC.L), a big UK lender, fell as much as 8% after signalling major cost cuts because of weakness on its home turf. Mark Denham, head of European equities at Carmignac, said high quality companies with high valuations tend to be very vulnerable if they miss earnings. According to Kasper Elmgreen, CIO at Nordea Asset Management, the fact that the economy is now starting to slow is one factor behind investors' harsh treatment of earnings disappointments. Amid the volatility, some investors see a buying opportunity in overly punished stocks. It is an example of a highly valued stock being extra punished for the environment," Denham said.
Persons: Morgan Stanley, Angelo Meda, Mark Denham, Denham, Kasper Elmgreen, Elmgreen, Fabio Di Giansante, Carmignac's Denham, Danilo Masoni, Alun John, Joice Alves, Amanda Cooper, Hugh Lawson Organizations: Sanofi, Barclays, Banor SIM, Siemens Energy, Volkswagen, Volvo, Asset Management, Euroland Equity, pharma, Thomson Locations: Milan, Swiss, London
[1/3] The Standard Chartered bank logo is seen at their headquarters in London, Britain, July 26, 2022. The broader European banking index (.SX7P) fell as much as 2.4% to its lowest in four months by 1017 GMT. Top fallers on the index were Standard Chartered, down 9%, Swedbank (SWEDa.ST), down 7% and BNP Paribas (BNPP.PA), down around 4%. Concerns about China's economic fragility are also hitting some European banks with major operations in Asia. Sabadell (SABE.MC) rose around 3.7% after raising its outlook for 2023 net interest income growth on the back of higher interest rates.
Persons: Peter Nicholls, Chris Hiorns, Banks, Hiorns, Angelo Meda, Meda, Iain Withers, Naomi Rovnick, Joice Alves, Jesus Aguado, Danilo Masoni, Amanda Cooper, John Stonestreet, Toby Chopra Organizations: Chartered, REUTERS, BNP, European Central Bank, Traders, SIM, Sabadell, Thomson Locations: London, Britain, LONDON, Milan, Asia, Madrid
Shares of chipmaker Nvidia fell sharply earlier this month after the U.S. government announced new restrictions on exporting advanced artificial intelligence chips to China. Investment bank Itau BBA's analysts believe the new export controls could reduce Nvidia's revenues from China by about 10% in 2025. However, the analysts say the stock's pullback has likely already priced in most or all of that impact. NVDA 1M mountain Itau BBA's $600 price target for Nvidia points to more than 40% upside from the current share price. In response to the plans for new export restrictions, Citi analyst Atif Malik cut his Nvidia price target to $575 from $630.
Persons: Thiago Alves Kapulskis, Atif Malik, Morgan Stanley's Joseph Moore, , Samantha Subin, Michael Bloom Organizations: Nvidia, U.S, Investment, U.S . Commerce Department, Citi Locations: China, Saudi Arabia
Matthew McConaughey insists that “the only” role he ever truly wanted to play was that of dad. “It just seemed like it was the greatest thing a man can do,” he says. “I was shaking everyone’s hands, saying, ‘Nice to meet you, sir,’ and what hit me in that moment was that all of them were fathers,” he says. The churchgoing McConaugheys live on the quiet outskirts of Austin with his nonagenarian mother, having fled the paparazzi-plagued beaches of Malibu over a decade ago. When McConaughey travels for work, his family comes, too.
Persons: Matthew McConaughey, , , , Miller, Camila Alves McConaughey, McConaughey Organizations: Triumph Thunderbird Locations: Uvalde , Texas, ” McConaughey’s Texas, Austin, Malibu
We'll show you where to watch UFC 294 live stream no matter where you are and detail the latest UFC 294 PPV prices. If you plan to watch live, you'll want to set an early alarm, as UFC 294 has a 10 a.m. We'll also guide you step-by-step on how to use a VPN to watch UFC 294, no matter where you are. ET / 7 p.m. BST / 5 a.m. AEDT (Sun)How to watch UFC 294 in the USUS viewers can watch the main event of UFC 294 on ESPN Plus this afternoon at 2 p.m. How to watch UFC 294 everywhere elseIf you're not in the US, you still have a few options to watch UFC 294.
Persons: Kamura Usman, Charles Oliveira, Kamaru Usman, Paulo Costo, Chimaev, today's, Alexander Volkanovski, We'll, McGregor, ExpressVPN, Makhachev, Khamzat Chimaev, Magomed Ankalaev, Johnny Walker, Ikram, Warlley Alves, Said Nurmagomedov, Muin Gafurov, Prelims, Tim Elliott, Muhammad Mokaev, Mohammad Yahya, Trevor Peek, Javid Basharat, Victor Henry, Abu Azaitar, Sedriques Dumas, Mike Breeden, Anshul Jubli, Nathaniel Wood, Muhammad Naimov, Viktoriia, Jinh Yu Frey, Women's, Shara Magomedov, Bruno Silva Organizations: UFC, Brazilian, Etihad Arena, ESPN Plus, ESPN, TNT Sports, Amazon, Apple, PlayStation, Samsung, BT, BT Sport, You'll, LG Locations: Abu Dhabi, Canada, Australia, New Zealand, Germany, Italy, Spain, Poland, Switzerland, Asia, Africa, Brazil
U.S. stocks ended sharply lower on Wednesday as elevated Treasury yields weighed, with investors assessing the latest batch of quarterly corporate results and forecasts. Tesla (TSLA.O) CEO Elon Musk said on Wednesday that he was concerned about the impact of high interest rates on car buyers as the company missed Wall Street expectations on third-quarter gross margin, profit and revenue. Meanwhile, Federal Reserve policymakers are signalling a pause in hiking interest rates for another couple months. A Reuters poll of economists indicated that the Federal Reserve will keep its key interest rate on hold on Nov. 1 and may wait longer than previously thought before cutting it. Spot gold was at $1,948.16 per ounce, just shy of $1,962.39 its highest since Aug. 1 touched on Tuesday.
Persons: Aly, Treasuries, Anderson Alves, Joe Biden, Alves, Elon Musk, Christopher Waller, Jerome Powell, Brent, Ankur Banerjee, Christopher Cushing Organizations: REUTERS, Rights, Japan's Nikkei, Gaza, HK, Reuters, Taiwan Semiconductor Manufacturing Co, Reserve, European Economics & Financial, Federal Reserve, OPEC, Thomson Locations: Shanghai, Shenzhen, China, Rights SINGAPORE, Asia, Pacific, Japan, U.S, Israel, China's, London, United States, Venezuela
The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo Acquire Licensing RightsLONDON, Oct 19 (Reuters) - The London Stock Exchange (LSE) (LSEG.L) was forced to halt trading in smaller stocks on Thursday after an incident disrupted activity, although blue chip shares suffered no interruptions. London Stock Exchange Group (LSEG) said FTSE 100 (.FTSE), FTSE 250 (.FTMC) and International Order Book securities - those shares listed in London by overseas companies - were operating normally. The FTSE 100 closed down 1.2% on the day. In 2019, the London Stock Exchange suffered an almost two-hour outage that hit FTSE 100 and midcap stocks, which LSEG said was caused by a “technical software issue”.
Persons: Toby Melville, LSEG, Fiona Cincotta, Thomson, Akanksha, Huw Jones, Harry Robertson, Alun John, Joice Alves, Amanda Cooper, Danilo Masoni, Kirsten Donovan, Susan Fenton Organizations: London Stock Exchange Group, City of, REUTERS, London Stock Exchange, LSE, FTSE, Traders, Reuters, City, Thomson Reuters, Thomson Locations: City, City of London, Britain, London, LSEG, Bengaluru, Milan
After a long period of scepticism towards European equities, some investors and analysts are finding cause for optimism. European companies are expected to enter their first earnings recession - two consecutive quarters of falling earnings - since 2020. But European stocks are better priced for a recession than their U.S. counterparts, said Matthew McLennan, co-head of First Eagle’s Global Value team. First Eagle's McLennan said the weaker euro in part supported the outlook for European equities. "There's some possibility that European equities, by both their valuation and their currency valuation, could do better than U.S. equities over a period of time".
Persons: Jefferies, Mohit Kumar, LSEG, Matthew McLennan, Goldman Sachs, Oliver Collin, Europe's, Collin, LVMH, Ayesha Akbar, Eagle's McLennan, Joice Alves, Mark Potter Organizations: Silicon Valley Bank, Credit Suisse, Deutsche Bank, U.S, drugmaker Novo Nordisk, Fidelity, Thomson Locations: Frankfurt, Silicon, Germany, U.S
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Oct 16 (Reuters) - The dollar held near a one-week high on Monday with fragile sentiment against a backdrop of conflict in the Middle East supporting demand for the safe-haven currency. "The conflict between Israel and Hamas continues and is providing volatility to the financial markets with the traditional safe-haven flows. There was some respite for the euro and sterling, which were off one-week lows touched on Friday against the dollar. YEN WATCHINGThe yen was flat at 149.54 per dollar, close to the sensitive 150-level. The yen is still perceived as a safe asset along with the Swiss franc and U.S. dollar, Kanda added.
Persons: Dado Ruvic, Jerome Powell, Jens Peter Sørensen, Benjamin Netanyahu, Poland's zloty, Lukazs Janczak, Christopher Luxon, Masato Kanda, Kanda, James Malcolm, Joice Alves, Rae Wee, Vidya Ranganathan, Kirsten Donovan, Emelia Organizations: REUTERS, Federal, Hamas, Danske Bank, country's, Sterling, Erste Group, National Party, ACT, New Zealand, Swiss, ., UBS, Thomson Locations: Gaza, Israel, Israeli, Poland, New, London
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