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London shares gained 0.7%, helped by a 2.3% jump for the mining sector, while Paris climbed 0.8%. The MSCI world equity index, which tracks shares in almost 50 countries, gained 0.1%. “Markets seem to be taking the Fed at its word but when we talk to clients there is concern about long-term inflation.”Euro area bond yields followed suit. “We still think consumers are going to help prices higher, when these economies reopen properly, that people can start travelling again, spending again,” said Jeremy Gatto, investment manager at Unigestion. “We are going to get a further boost from the consumption side, and we therefore expect bond yields to move higher.”The U.S. dollar slipped as yields dipped before edging back up.
Persons: Toby Melville, , Kiran Ganesh, , Jeremy Gatto Organizations: London Stock Exchange Group, City of, REUTERS, London, European Central Bank, Wall, Federal, . Labor Department, Treasury, UBS Global Wealth Management, , Japan, Investors, U.S, Brent Locations: United States, City, City of London, Britain, Paris, Europe, U.S, London, Asia, Pacific, coronavirus, Unigestion, China
Stocks hover near record highs as bond yields slide
  + stars: | 2021-06-11 | by ( Herbert Lash | Tom Wilson | ) www.reuters.com + 0.00   time to read: +3 min
The ECB’s projections pushed the pan-regional STOXX Europe 600 index up 0.68% to an intraday high and record close at 457.64. Investors are leaning into tech stocks because they don’t use raw materials and productivity rate is higher than other sectors, he said. “There is a concern that eventually you could get some migration out of stocks into bonds. But right now we seem to be at that pre-tipping point where bonds don’t yield enough to scare people out of stocks,” Meckler said. The dollar index rose 0.57%, with the euro down 0.61% to $1.2095.
Persons: Toby Melville, Rick Meckler, ” Meckler, , , Jeremy Gatto Organizations: London Stock Exchange Group, City of, REUTERS, European Central Bank, Cherry Lane Investments, Investors, Dow Jones, Nasdaq, Japan, Treasury, Brent Locations: City, City of London, Britain, Europe, breakeven, New Vernon , New Jersey, Asia, Pacific, coronavirus, Unigestion
Detroit becomes 'Jeep City' with first new auto plant in 30 years
  + stars: | 2021-06-11 | by ( ) www.reuters.com + 0.00   time to read: +3 min
A Stellantis assembly worker walks between two 2021 Jeep Grand Cherokee L vehicles on the assembly line at the Detroit Assembly Complex - Mack Plant in Detroit, Michigan, U.S., June 10, 2021. REUTERS/Rebecca CookInside the first new auto assembly plant built in the Motor City since 1991, the smell of hot metal hangs in the air as new Jeep Grand Cherokee L SUVs head down the welding line. The plant, which began building vehicles in March, now is operating three shifts a day, plant manager Michael Brieda said. The new Jeep plant underscores the split personality of the United States vehicle market, where most of the vehicles coming down the Mack assembly line will be sold. The nearby Jefferson North Jeep plant was built in 1991 - and until now was the Motor City's newest assembly plant.
Persons: Mack Plant, Rebecca Cook, Stellantis, General Motors, Michael Brieda, Brieda, Mack, Mario Holmes Organizations: Cherokee, REUTERS, Motor City, Stellantis NV, City, Grand Cherokees, Ford, General, GMC, Detroit City, United, Tesla Inc, Jefferson, Thomson Locations: Detroit, Detroit , Michigan, U.S, Motor, City of Detroit, GMC Acadia, United States, Jefferson North
G7 finance ministers agreed a global corporate minimum tax of 15% at the UK summit on Saturday. Switzerland is discussing how it will mitigate the tax and The City of London wants an exemption. The City London and Switzerland are aiming to mitigate the effects of the global minimum tax plan agreed by the G7 group of nations. The central Swiss government has discussed ways to offset the G7's minimum tax rate with the 26 Swiss cantons, according to the Financial Times. Sunak is attempting to get the City of London an exemption to any minimum tax rate, according to reports.
Persons: Janet Yellen, Ernst Stocker, Rishi Sunak, they're Organizations: City, US, Google, Facebook, of, Financial Times, City of, Guardian Locations: Switzerland, City, London, City London, Cornwall, UK, Ireland, of London, Zurich, City of London
The Department of Justice revised language that said it would "vigorously" defend religious colleges and universities accused of discriminating against LGBTQ students in an updated court filing in a class-action lawsuit, after criticism from LGBTQ advocates. It also aims to take down what's known as the religious exemption to Title IX, which allows religious schools to circumvent nondiscrimination protections if it forces them to go against their religious beliefs. But after the backlash from LGBTQ advocates, the administration amended its filing Wednesday. It removed the word "vigorously" to describe its defense of the schools and the religious exemption, and removed four uses of the phrase "ultimate objective." The Justice Department declined to comment on the amended brief.
Persons: Biden, Eugene Division, Paul Southwick, Joe Biden, Southwick, Jennifer Pizer, Pizer, Trump, Fulton Organizations: Justice, Department of Education, Department, District of, Eugene, The, Lambda, Department of Justice, NBC, Twitter, Facebook Locations: U.S, District of Oregon, Fulton v, City of Philadelphia
The Department of Justice revised language that said it would "vigorously" defend religious colleges and universities accused of discriminating against LGBTQ students in an updated court filing in a class-action lawsuit, after criticism from LGBTQ advocates. It also aims to take down what's known as the religious exemption to Title IX, which allows religious schools to circumvent nondiscrimination protections if it forces them to go against their religious beliefs. But after the backlash from LGBTQ advocates, the administration amended its filing Wednesday. It removed the word "vigorously" to describe its defense of the schools and the religious exemption, and removed four uses of the phrase "ultimate objective." The Justice Department declined to comment on the amended brief.
Persons: Biden, Eugene Division, Paul Southwick, Joe Biden, Southwick, Jennifer Pizer, Pizer, Trump, Fulton Organizations: Justice, Department of Education, Department, District of, Eugene, The, Lambda, Department of Justice, NBC, Twitter, Facebook Locations: U.S, District of Oregon, Fulton v, City of Philadelphia
Stocks rally, dollar stable after jump in U.S. CPI data
  + stars: | 2021-06-10 | by ( Herbert Lash | Simon Jessop | ) www.reuters.com + 0.00   time to read: +3 min
FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo/File PhotoMSCI’s all-country world index surged to a record intra-day high after the U.S. Labor Department earlier said the consumer price index in the 12 months through May accelerated 5.0%, the biggest year-on-year increase since August 2008. The benchmark 10-year U.S. Treasury yield rose 3.0 basis points to 1.5194% after the data’s release, while the dollar index was essentially flat, down 0.08%. A surprisingly strong U.S. inflation print in April spooked some investors, leading to a cautious run into the release on Thursday of the May data. Short positions in Treasuries were the highest since 2018, according to JP Morgan positioning data last week.
Persons: Toby Melville, Subadra Rajappa, ” Rajappa, Joseph LaVorgna, ” LaVorgna, , Organizations: London Stock Exchange Group, City of, REUTERS, U.S . Labor Department, Treasury, Societe Generale, Americas, Dow Jones, Nasdaq, Atlantic, European Central Bank, Morgan Locations: City, City of London, Britain, New York, Natixis, COVID, U.S, Treasuries
Stocks rally, yields drop as U.S. CPI data calms investors
  + stars: | 2021-06-10 | by ( Herbert Lash | ) www.reuters.com + 0.00   time to read: +4 min
The report was largely in line with expectations, said Subadra Rajappa, head Of U.S. rates strategy at Societe Generale in New York. “The (equity) market is going to ignore the data. MSCI’s all-country world index rose 0.45% to 718.81, nudging past its previous record set Tuesday. In the United States, data showed people filing new claims for unemployment benefits fell last week to the lowest level in nearly 15 months. The dollar index fell 0.071%, with the euro down 0.07% to $1.217.
Persons: Toby Melville, Subadra Rajappa, ” Rajappa, Joseph LaVorgna, ” LaVorgna, , MSCI’s, Thomas Hayes, ” Hayes, , Brent Organizations: YORK, Global, London Stock Exchange Group, City of, REUTERS, U.S . Labor Department, Societe Generale, Treasury, Americas, European Central Bank, Dow Jones, Nasdaq, Great, Great Hill Capital, ECB, U.S, West Texas Locations: City, City of London, Britain, New York, Natixis, Great Hill, United States
Eric Adams, the former NYPD captain and president of the Borough of Brooklyn, answered questions about his residency status on Wednesday, allowing local reporters to tour his Central Brooklyn home. "If I'm not at Borough Hall, I'm here," Adams, a Democrat, told reporters inside his ground-floor, red-brick home. The tour came after a Politico New York report raised serious questions about Adams' main residency, which is a requirement to be mayor of the city. Adams said he has used the New Jersey property occasionally but said the Brooklyn home is his main residence. Adams, who has criticized Yang, saying he left the city during the pandemic, was joined by his 25-year-old son, Jordan, during the tour.
Persons: Eric Adams, Adams, Tracey Collins, , ” Adams, Maya Wiley, Bill de Blasio, Andrew Yang, Kathryn Garcia, Scott Stringer, Shaun Donovan, Raymond McGuire, Dianne Morales, Yang, Jordan, I've, ” McGuire, , Garcia, Wiley Organizations: NYPD, Central Brooklyn, Borough Hall, Politico, Brooklyn Borough, Democratic, GOP, Rep, Bronx ., Former City, New York Daily News Locations: Borough, Brooklyn, York, New Jersey, City of New York, New York City, Alexandria, Queens, Bronx
Bank of England's Haldane sees 'dangerous' inflation risk in UK
  + stars: | 2021-06-09 | by ( ) www.reuters.com sentiment -0.99   time to read: +2 min
The Chief Economist of the Bank of England, Andy Haldane, listens from the audience at an event at the Bank of England in the City of London, London, Britain April 27, 2018. "In my view this is the most ­dangerous moment for monetary policy since inflation-targeting was first introduced into the UK in 1992 after the European Exchange Rate Mechanism debacle," Haldane said. Haldane, who is due to leave the BoE after its monetary policy meeting later this month, cast a lone Monetary Policy Committee vote in May to reduce the size of the central bank's bond-buying programme. In an interview with LBC radio earlier on Wednesday, Haldane said inflation pressure in Britain was looking "pretty punchy". "And that may mean that at some stage we need to start turning off the tap when it comes to the monetary policy support we have been providing over the period of the COVID crisis."
Persons: Andy Haldane, Toby Melville, Haldane, BoE, Andrew Bailey, we've Organizations: Bank of England, City of, REUTERS, New Statesman, LBC, Thomson Locations: City, City of London, London, Britain
Slideshow ( 2 images )(Reuters) - British finance minister Rishi Sunak is pushing for the City of London to be exempt from a new global minimum corporation tax system championed by the Group of Seven (G7) economies, the Financial Times reported on Tuesday. Sunak raised the issue at the G7 talks in London, the report added, citing people briefed on the talks. Sunak is expected to make the case that the City of London should be exempt from the plan when talks move to the G-20 next month, the report added. “Our position is we want financial services companies to be exempt and EU countries are in the same position,” the report quoted one British official as saying. “The global tax agreement backed by G7 finance ministers reforms the global tax system to make it fit for the global digital age, achieving a level playing field for all types of companies”, a Treasury spokesperson said.
Persons: Rishi Sunak, 3zdHqtV, Sunak Organizations: City, Group, Financial Times, Ministers, Central Bank Governors Locations: British, London, United States, Britain,
UK pushes for City of London to be exempt from G7 global tax plan -FT
  + stars: | 2021-06-09 | by ( ) www.reuters.com sentiment -0.99   time to read: +1 min
A general view of the Canary Wharf financial district in London, Britain April 25, 2021. REUTERS/Kevin CoombsBritish finance minister Rishi Sunak is pushing for the City of London to be exempt from a new global minimum corporation tax system championed by the Group of Seven (G7) economies, the Financial Times reported on Tuesday. Sunak raised the issue at the G7 talks in London, the report added, citing people briefed on the talks. Sunak is expected to make the case that the City of London should be exempt from the plan when talks move to the G-20 next month, the report added. "Our position is we want financial services companies to be exempt and EU countries are in the same position," the report quoted one British official as saying.
Persons: Kevin Coombs, Rishi Sunak, Sunak Organizations: City, Group, Financial Times, Thomson Locations: London, Britain, Kevin Coombs British, United States
Bank of England's Haldane says UK housing market is on fire
  + stars: | 2021-06-08 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: 1 min
FILE PHOTO: The Chief Economist of the Bank of England, Andy Haldane, listens from the audience at an event at the Bank of England in the City of London, London, Britain April 27, 2018. REUTERS/Toby Melville/File PhotoLONDON (Reuters) - Britain’s housing market is “on fire” thanks to a combination of government incentives for buyers, more demand from households with more savings after the COVID lockdowns, and a lack of homes for sale, Bank of England Chief Economist Andy Haldane said. “As things stand, the housing market in the UK is on fire,” Haldane said in remarks to a webinar on inequality organised by the University of Glasgow on Tuesday. He said the recent rise in house prices - which topped 10% over the 12 months to March, according to official data - was very likely to worsen pre-existing wealth inequalities.
Persons: Andy Haldane, Toby Melville, ” Haldane Organizations: Bank of England, City of, REUTERS, University of Glasgow Locations: City, City of London, London, Britain
Stocks touch new highs as volatility eases
  + stars: | 2021-06-08 | by ( Herbert Lash | Marc Jones | ) www.reuters.com + 0.00   time to read: +3 min
FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. MSCI’s benchmark for global equity markets fell 0.07% to 716.48 after earlier scaling a fresh intraday high. In Europe, the pan FTSEurofirst 300 index added 0.08% to close at a new record high, while the STOXX 600 index rose 0.15% to also set a new closing high. The equity market’s so-called “fear gauge,” the VIX, fell to as low as 15.15, a level not seen since February 2018. The dollar index rose 0.109%, with the euro down 0.08% to $1.2179.
Persons: Toby Melville, don’t, Sterling, We’ve, , Simon Maughan, Lombard Organizations: Equity, London Stock Exchange Group, City of, REUTERS, Treasury, European Central Bank, Dow Jones, Nasdaq, ECB, Nikkei, drugmakers, Brent Locations: City, City of London, Britain, Europe, Beijing, Asia
New York’s Second Chance
  + stars: | 2021-06-08 | by ( Jonathan Mahler | ) www.nytimes.com + 0.00   time to read: +73 min
I didn’t even feel it when Dr. Chester pierced my arm.”New York was about to get a second chance. Wall Street boomed and property values soared, drawing foreign investors who parked their fortunes in constantly appreciating New York City real estate. Mayor Bill de Blasio, now in his second and final term, has proposed the biggest budget in New York City history. Of the 100 biggest school districts in America, New York City’s school system already spends the most per capita. The mayoral candidate Kathryn Garcia, formerly the commissioner for the New York City Sanitation Department, pulled ahead in the polls in late May.
Persons: Jonathan Mahler, Jorge Colombo, Sandra Lindsay, Margaret Murphy, Yorkers, Yorker —, Peter Foley, Lindsay, , , don’t, Onisis Stefas, ” Stefas, ” Joe Kemp, Andrew Cuomo, Spencer Platt, Gareth Rhodes, Lindsay’s, Michelle Chester, ” Lindsay, Cuomo, Chester, Spike Lee, Fiorello La Guardia, Michael Bloomberg, James Parrott, Mayor Michael Bloomberg, ” John Moore, Mario Cuomo, Ronald Reagan’s “, Bill de Blasio, There’s, George Floyd, Donald Trump, I’ve, it’s, wasn’t, Robert Moses ’, Robert Moses, New, Louis Pfohl, Moses, Pfohl, Paula Kirby, Paula Kirby’s, Paula Kirby Kirby, Kirby, , Andrew Yang, Biden, “ We’ve, homeownership, you’re, who’s, Court’s Brown, Richard Carranza, Carranza, Robert Jackson, Jackson, Jude Domski, Bloomberg’s, ” Carranza, Roger Starr, We’d, Monxo, hospitalizations, López, Barbara Corcoran, Monxo López, hasn’t, ” López, Brad Lander, Major Deegan, Raj Chetty, Andy Grove, ” Dara Byrne, John Jay, Dara Byrne, Dara Byrne Byrne, It’s, John Jay’s, ” Byrne, Byrne, We’re, Kathryn Wylde, Paul Singer, hadn’t, Nick Langworthy, Blasio, De Blasio, ” de Blasio, Ed Koch, Bella Abzug, Koch, Dan Goodrich, Eric Adams, Adams, Ron Adar, He’s, Scott Stringer, Maya Wiley, Dianne Morales, de Blasio, Yang, Abner Louima, Jasmine Clarke, there’s, Kathryn Garcia, Damon Winter, Queens . Adams, Garcia, Ray McGuire, Morales, Abraham E Organizations: Jewish Medical Center, Drug Administration, Pfizer, The New York Times, Yorker, Manhattan Community College, Lenox Hill Hospital, Northwell, Kennedy Airport, UPS, Long, Jewish, Gov, Getty, Knicks, New York State’s, Yorkers, Fiorello La, Mayor Fiorello La Guardia, Topical Press Agency, Developers, Bioscience, Wall, Bloomberg, New, Center, New York City Affairs, Mayor, Convention, Hall, City Council, City Hall, U.S, Business, Prada, Amazon, Kirby, New York State, Democratic, Associated Press, New York’s Board, Education, Office, Community School Board, hypercompetitive Stuyvesant High School, Schools, South, Irish, City University of New, Rights Watch, Piano, Department of Housing, Urban, Port, Land Stewards, Cooper, Land Trust, East, Health, Major, Department of Transportation, Free Academy of, City College, CUNY, Semitic Ivy League, Jewish Harvard, Puerto Rican, Professional Staff Congress, , Ivy League, Intel, Andy, John, John Jay College of Criminal, College of Police, New York Police Department, World Trade, Howard University, , The Daily News, Partnership, Street Journal, Republican Party, Budget Commission, Newsday, Getty Images, American University, Republican, White, The Times, Sanitation Department, New York, Citigroup, Upper, Smithsonian Institution Locations: York, Long, Queens, New York, America, New York City, Jamaica, Forest Hills, Kalamazoo, Mich, Louisville, Ky, , Forest, Northwell’s, United States, ” New York, Madison, Immigration, Washington, Central Harlem, , Cuomo’s Queens, It’s, Hudson, Iowa, Flushing , Queens, Pfohl’s, Long Island, Anable, Long Island City, City, rancorous, Anable Basin, Kirby, Manhattan, Brooklyn, Queensbridge, Houston, San Francisco, Black, Lower Manhattan, America , New York, New, South Bronx, Latin America, Africa, New York State, Bronx, Mott Haven, Puerto Rico, City University of New York, Harlem, Romina, Port Morris, East Harlem, City of New York, York City, Albany, Florida, Yorks, South Jamaica, Brownsville, Brooklyn’s, Fort Greene , Brooklyn, Bedford, Stuyvesant, SoHo, Yorkers, Queens ., Queens — Jamaica, Howard Beach, Canarsie, Stringer, Hunts, Tribalism, Dubuque , Iowa
Jobs for the City of Tomorrow
  + stars: | 2021-06-07 | by ( Benoit Morenne | ) www.wsj.com + 0.95   time to read: +1 min
To mitigate local warming, cities including Milan have wrapped condominium balconies and high-rise facades in expansive vertical gardens. The compact foliage augments the benefits trees and plants naturally provide when planted on sidewalks or roofs, including pollution removal, carbon dioxide sequestration and oxygen production. Crews of urban arborists certified as tree climbers will be hired to rappel down buildings and maintain these ecosystems as they sprout on more buildings, says Dr. Endreny. Environmental engineers could join these teams to monitor the effects of urban pollution on vegetation and make sure it provides optimal services. “It will certainly be like a circus show,” Dr. Endreny says.
Persons: Theodore Endreny, Endreny Organizations: SUNY College of Environmental Science, Forestry Locations: Milan
Forced relocation of swaps clearing to EU would harm bloc, says LSE
  + stars: | 2021-06-07 | by ( Huw Jones | ) www.reuters.com sentiment -1.00   time to read: +2 min
FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. Britain’s access to the EU financial market was largely severed after Brexit fully took effect on Dec. 31, 2020 and LCH has permission to serve EU customers only until June 2022. Some industry officials fear mandatory relocation could push euro clearing to New York in the same way as EU curbs has done to trading in euro derivatives. EU companies accounted for only 27.1% of euro-denominated interest rate derivatives clearing volumes at LCH in London in 2020, with 72.9% coming from non-EU firms, LSEG said. This illustrated the international use of the euro and the need for EU firms to access international clearers to hedge their risks in euros as well as in other non-euro currencies, it added.
Persons: Toby Melville, Brexit, LCH, ” LSEG, LSEG, “ LCH Organizations: European Union, London Stock Exchange Group, City of, REUTERS, Deutsche Boerse’s Eurex, EU, European Central Bank Locations: London, City, City of London, Britain, Frankfurt, New York, LCH
Explosion in Yemeni city of Marib kills at least 12 - medical source
  + stars: | 2021-06-05 | by ( ) www.reuters.com sentiment -0.99   time to read: 1 min
An explosion near a petrol station in the Yemeni city of Marib killed at least 12 people on Saturday, a medical source said. The source told Reuters that dozens of people, many of them badly burned, had been taken to Marib General Hospital and 12 of them had died of their injuries, including five children. Confirming the explosion, the Marib Governorate blamed the incident on a missile strike by Houthi militia fighting a Saudi-led coalition in Yemen's civil war. It said 14 people had been killed. Our Standards: The Thomson Reuters Trust Principles.
Organizations: Reuters, General Hospital, Thomson Locations: Yemeni, Marib, Marib Governorate, Saudi
BoE's Cunliffe says UK is seeing strong post-COVID bounceback
  + stars: | 2021-06-04 | by ( Reuters Staff | ) www.reuters.com + 1.00   time to read: 1 min
FILE PHOTO: Britain's Deputy Governor of the Bank of England Jon Cunliffe speaks during the Bank of England's financial stability report at the Bank of England in the City of London, Britain June 27, 2017. REUTERS/ Jonathan Brady/Pool/File PhotoLONDON (Reuters) - Britain is enjoying a strong economic bounce-back as COVID restrictions lift, though pubs and restaurants are recovering faster than town-centre retail, Bank of England Deputy Governor Jon Cunliffe said on Friday. “What we’re seeing is a strong bounce back of activity,” Cunliffe told BBC Radio Suffolk after speaking to businesses in that region of eastern England. “People have accumulated a lot of savings, they’re going out and they’re spending, particularly in those areas we couldn’t go out in the last year or so,” he added.
Persons: Bank of England Jon Cunliffe, Jonathan Brady, Jon Cunliffe, ” Cunliffe Organizations: Bank of England, Bank of, City of, REUTERS, BBC Radio Suffolk, Locations: City, City of London, Britain, England
“Ultimately, this case isn’t about religious freedom — it’s about granting a license to discriminate against families like mine. It could also rule narrowly in CSS’ favor, forcing Philadelphia to change its foster care policies. “A broad ruling could have dire consequences for foster care,” said Stacey Stevenson, CEO of Family Equality, a nonprofit group that advocates for LGBTQ families. There are more than 420,000 children in the foster care system, according to the Administration for Children and Families. “Yes, the fact that it’s a much more conservative court and allows religious accommodations where possible should give us pause,” he said.
Persons: Jack Phillips, Anthony Kennedy, Phillips, oster, ’ ” James Dwyer, , ” Dwyer, Sean Patrick Maloney, Maloney, Smith, Antonin Scalia, Currey Cook, Stacey Stevenson, ” Cook, unavoidably, Stevenson, they’re, Lori Windham, Becket, Neil Gorsuch, Brett Kavanaugh, Amy Coney Barrett, Cook, that’s, Gorsuch, Bostock, Barrett Organizations: Month, Catholic Social Services, U.S, Circuit, Appeals, Movement Advancement, CSS, Philadelphia, Mary Law School, , House LGBT Caucus, Employment, Fulton, Lambda Legal, Lambda, Administration, Children, NBC News, Catholic Services, Trump, Christian, Twitter, Facebook Locations: Fulton v, City of Philadelphia, Philadelphia, Colorado, It’s, Clayton County , Georgia
British shares muted ahead of economic data; airlines skid
  + stars: | 2021-06-04 | by ( Devik Jain | ) www.reuters.com sentiment -1.00   time to read: +2 min
The blue-chip FTSE 100 index (.FTSE) edged 0.1% lower, with British airways owner IAG (ICAG.L) shedding 1.2% after Britain removed Portugal from its quarantine-free travel list and added seven more countries to its red list. read moreOther airlines including Ryanair Holdings , Wizz Air (WIZZ.L) and EasyJet fell between 1% and 2.6%. Asian shares tracked Wall Street lower as signs of a firming U.S. economy stoked worries about higher inflation and an earlier withdrawal of Federal Reserve stimulus. "I don't think tapering of asset prices is anything to be worried about, it's a natural consequence of an economic rebound. Software company Sage Group (SGE.L) fell 1.5% after Goldman Sachs offered to sell about 16 million shares at a discounted price.
Persons: Toby Melville, EasyJet, Michael Hewson, Hewson, brokerages, Goldman Sachs Organizations: London Stock Exchange Group, City of, REUTERS, Ryanair Holdings, Wizz, CMC Markets, U.S ., Software, Sage Group, Thomson Locations: City, City of London, Britain, Portugal, London, U.S
REUTERS/Toby Melville/File PhotoBanks and industrial stocks weighed on London's FTSE 100 on Friday, while airline stocks came under pressure as Britain tightened travel restrictions again. The blue-chip FTSE 100 index (.FTSE) edged 0.1% lower, with HSBC (HSBA.L), Prudential (PRU.L), Barclays (BARC.L) and Lloyds banking group (LLOY.L) down between 0.7% and 1.2% after weaker than expected U.S. jobs data pushed bond yields lower. British airways owner IAG (ICAG.L) lost 0.9% after Britain removed Portugal from its quarantine-free travel list and added seven more countries to its red list. The domestically focused mid-cap FTSE 250 index (.FTMC) was also little changed, nudging up 0.1%. After breaking above the 7,000 mark in mid-April, the FTSE 100 index has oscillated in a narrow range on worries that rapid economic growth could lead to higher inflation and faster tightening of ultra-loose monetary policies.
Persons: Toby Melville, EasyJet, Danni Hewson, AJ Bell, brokerages Organizations: London Stock Exchange Group, City of, REUTERS, HSBC, Prudential, Barclays, Lloyds, BHP Group, Rio Tinto, Ryanair Holdings, Wizz, Federal Reserve, Thomson Locations: City, City of London, Britain, Rio, Portugal, England
Stocks up, dollar down as U.S. jobs data soothe rate hike fears
  + stars: | 2021-06-04 | by ( Lawrence White | ) www.reuters.com + 0.00   time to read: +4 min
FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. Market whispers had been for a higher number, he added, that would somewhat counterintuitively have driven stocks down on fears the Fed would tighten policy earlier than expected. The dollar index fell 0.47% after the data release, down from a multi-week high hit earlier on Friday. Last month, much-lower-than-expected non-farm payrolls numbers knocked back those expectations, weakening Treasury yields and the dollar, and the pattern repeated on Friday. Brent futures rose 71 cents to $72.00 a barrel, after reaching the highest since May 2019 in Thursday’s session.
Persons: Toby Melville, “ It’s, , Gennadiy Goldberg, Joe Biden, IAG, WTI Organizations: Federal Reserve, London Stock Exchange Group, City of, REUTERS, Securities, greenback, Treasury, U.S, British Airways, Wizz, Britain, Stock Locations: City, City of London, Britain, U.S, New York, U.S . Federal, Egypt, Sri Lanka, England, Brent, Thursday’s
Bank of England aims for net-zero emissions before 2050
  + stars: | 2021-06-03 | by ( David Milliken | ) www.reuters.com sentiment -1.00   time to read: +1 min
A man walks past the Bank of England in the City of London, Britain June 28, 2016. REUTERS/Paul Hackett/File PhotoBank of England Governor Andrew Bailey said on Thursday that the central bank would cut the carbon emissions from printing banknotes and running its buildings to net zero by 2050 at the very latest. British finance minister Rishi Sunak changed the BoE's mandate in March to require it to support the government's goal of reducing greenhouse gas emissions to net zero. "I can confirm today that the Bank is committing to reduce emissions from our physical operations so they will be consistent with net-zero by 2050 at the latest," Bailey said in a speech hosted by the Bank for International Settlements. read moreInstead, a better approach was to require businesses to disclose their climate impact clearly to investors, Bailey said.
Persons: Paul Hackett, Andrew Bailey, Rishi Sunak, Bailey, BoE, Sunak Organizations: Bank of England, City of, REUTERS, Bank for International, Thomson Locations: City, City of London, Britain, British, London
LOD, Israel — Competing narratives usually lie uneasily next to each other in this central Israeli city. A 32-year-old Israeli Arab man and a 56-year-old Jewish man were killed, and dozens of others were injured. Rabbi Itamar Ben-Yaakov as he unlocks a gate leading to where he lives in the mixed Jewish, Arab city of Lod, Israel, on May 23. Israeli Arabs say it is the mentality of Jewish Israelis, like Ben-Yaakov, who want to strengthen the Jewish community in Lod, that has made them feel increasingly uneasy. Ranin Abu Sharekh, 33, an Israeli Arab elementary school teacher stands outside her mother's home in Lod, Israel, on May 23.
Persons: , Itamar Ben, Yaakov hasn’t, Dvir, ” Ben, Yaakov, Lod, Heidi Levine, Ben, Israel, Hassuneh, ” Hassuneh, Ramadan, Alon Kadish, , Maha, “ It’s, Sheikh Jarrah, , Kadish, Abraham, Yair Revivo, Revivo, Benjamin Netanyahu’s, Yehoram Ben Arosh, Ben Arosh, Abu Sharekh, Ranin Abu Sharekh, Netanyahu, they’d, Yigal Yehoshua, Yehoshua, Efi Yehoshua Organizations: Israel, Homes, Ben Gurion, NBC, Ben, NBC News, Hebrew University, West Bank, Jewish, Likud, Efi Locations: LOD, Israel, Gaza, Lod, Ramat Eshkol, Ben, Lydda, The, Ramallah, Jordan, Jerusalem, Lod’s, Bank, Hebron, Palestinian, “ Lod, United States, Israeli, West, Hadid
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