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Buoyed by inflation numbers, traders not only expect the central bank to stop further monetary tightening in 2023, they are also betting the Fed would start cutting interest rates early next year. "Inflation has returned to the good old days where in 2019 we saw an average monthly increase of around 0.2% ... The Fed, therefore, might feel it can pause as planned and not raise interest rates in September," said George Mateyo, chief investment officer at Key Private Bank. The tech-heavy Nasdaq led Wall Street lower on Wednesday, with heavyweight Nvidia (NVDA.O) falling 4.7%, followed closely by the other "Magnificent Seven" megacap stocks that drove this year's stock rally. On the earnings front, Walt Disney (DIS.N) rose 3.2% after beating Wall Street estimates for quarterly adjusted profit per share.

Persons: Brendan McDermid, George Mateyo, Mary Daly, Walt Disney, Michael Kors, Tapestry's, Joe Biden, Bansari Mayur Kamdar, Johann M Cherian, Shashwat Chauhan, Shubham Batra, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Disney, Dow, Nasdaq, Reserve, Key Private Bank, San Francisco Fed, Microsoft, Apple, Nvidia, Dow Jones, Wall, Alibaba, Wednesday, NYSE, Thomson Locations: New York City, U.S, China, Bengaluru

☆ European stocks dip as Italian banks, downbeat data weigh
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +1 min

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 7, 2023. By 0707 GMT, the pan-European STOXX 600 index (.STOXX) was down 0.3%. Germany's DAX index (.GDAXI) fell 0.4% after data showed inflation eased to 6.5% in July, but was in line with economist expectations. Shares of Glencore (GLEN.L) slumped nearly 3% after the global miner said its earnings had halved in the first half. Reporting by Shashwat Chauhan and Sruthi Shankar in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

Persons: Matteo Salvini, Germany's DAX, Shashwat Chauhan, Sruthi Shankar, Sherry Jacob, Phillips Organizations: REUTERS, Staff, MIB, Thomson Locations: Frankfurt, Germany, China, United States, Beijing, Bengaluru

☆ US bank stocks drop as Moody's downgrade sours sentiment
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +2 min

Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar/File PhotoAug 8 (Reuters) - Shares of U.S. banks fell in premarket trading on Tuesday after ratings agency Moody's downgraded 10 mid-sized lenders, reigniting investor concerns about the challenges facing the industry. Moody's also warned it may cut ratings of some of the biggest U.S. lenders, and placed six of them under review for a potential downgrade. "It is significant for U.S. growth too, as U.S. regional banks are the financing lifeblood for small and mid-size enterprises." Shares of Bank of America (BAC.N), Citigroup (C.N) and JPMorgan Chase (JPM.N) fell more than 1%.

Persons: Mike Segar, Moody's, Stuart Cole, JPMorgan Chase, Georgios Leontaris, Niket Nishant, Mayur, Shashwat Chauhan, Shounak Dasgupta, Saumyadeb Organizations: Wall, New York Stock Exchange, REUTERS, Bank of New York Mellon, U.S . Bancorp, Truist, Equiti, Bank of America, Citigroup, JPMorgan, Bank, EMEA, HSBC Global Private Banking, Wealth, Thomson Locations: Manhattan, New York City , New York, U.S, Silicon, Switzerland, Bengaluru

The German share price index DAX graph is pictured at the Frankfurt stock exchange in Frankfurt, Germany, March 17, 2023. The pan-European STOXX 600 (.STOXX) closed up 0.1% ahead of inflation readings from Germany, China and the U.S. later this week, all likely to drive expectations on how long interest rates could remain high. Europe's aerospace and defence index (.SXPARO) hit a record high, rising 1.0%, with Italy's Leonardo (LDOF.MI) and London-listed Melrose (MRON.L) up 3.1% and 2.6% respectively. Major European bourses were mixed, with London's commodity-heavy FTSE 100 down 0.1%, while France's blue-chip CAC 40 index (.FCHI) rose 0.1%. Pressuring Germany's DAX (.GDAXI), Siemens Energy (ENR1n.DE) dropped 6.1%, having shuttled between gains and losses throughout the day.

Persons: Daniela Hathorn, Italy's Leonardo, Anthi Tsouvali, Germany's DAX, Shashwat Chauhan, Sruthi Shankar, Amruta, Varun, Alex Richardson Organizations: REUTERS, Staff, Defence, Siemens Energy, U.S, Aurubis AG, Capital.com, Bavarian, Melrose, State Street Global Markets, Thomson Locations: Frankfurt, Germany, China, Danish, London, U.S, Bengaluru

☆ UK's FTSE 100 opens lower ahead of BoE decision; LSEG falls
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +1 min

The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File PhotoSummaryCompanies FTSE 100 down 0.8%, FTSE 250 off 0.3%Aug 3 (Reuters) - UK's FTSE 100 opened lower on Thursday, with shares of London Stock Exchange Group weighing on the index, while investors awaited the Bank of England's verdict on monetary policy tightening later in the day. By 0710 GMT, the blue-chip FTSE 100 (.FTSE) fell 0.8%, hovering near a two-week low hit on Wednesday, while the more domestically-focussed FTSE 250 midcap index (.FTMC) lost 0.3%. London Stock Exchange Group (LSEG.L) lost 3.9% after its first-half profit before tax fell 17.6%. Also weighing was BT Group (BT.L), which fell 5.1% as shares of the telecom firm traded ex-dividend.

Persons: Toby Melville, Smith, SN.L, BoE, Shashwat Chauhan, Varun Organizations: London Stock Exchange Group, City of, REUTERS, London Stock Exchange, Bank of, BT Group, Thomson Locations: City, City of London, Britain, Bengaluru

☆ UK's FTSE 100 opens lower after surprise U.S. credit rating cut sours mood
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +1 min

The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File PhotoSummaryCompanies FTSE 100 down 0.8%, FTSE 250 off 0.6%Aug 2 (Reuters) - UK's FTSE 100 opened lower on Wednesday, as global risk sentiment took a hit after ratings agency Fitch cut the United States' credit rating, while BAE Systems shares jumped after the defence company raised its full-year guidance. By 0709 GMT, the bluechip FTSE 100 index (.FTSE) fell 0.8%, touching a two week low, while the more domestically-focussed FTSE 250 midcap index (.FTMC) lost 0.6%. BAE Systems (BAES.L) added 4.7% after Britain's biggest defence company upgraded its guidance for 2023, forecasting annual earnings per share would grow 10-12%. ConvaTec Group (CTEC.L) jumped 4.0% after the technology firm raised its full-year guidance.

Persons: Toby Melville, Fitch, Shashwat Chauhan, Rashmi Organizations: London Stock Exchange Group, City of, REUTERS, BAE Systems, AAA, Smurfit Kappa, ConvaTec, Thomson Locations: City, City of London, Britain, United States, London, Bengaluru

☆ Villa Palladio: India meets Italy at this boutique hotel near Jaipur
▼ + stars: | 2023-07-26 | by ( Shalbha Sarda | ) edition.cnn.com time to read: +4 min

On this road lies the Villa Palladio boutique hotel and resort. Palladio was known for combining the elements of Renaissance and contemporary French practices, creating an altogether unique style known as Anglo-Palladianism. “There is incredible sophistication and presence of history in the aesthetics of both cities, and when conversing, they speak together beautifully.”Colors do more than pop in this Villa Palladio bedroom. Atul Pratap ChauhanWinning over the localsThe building that became Villa Palladio has a brief but fantastic story. Villa Palladio, Abhay Niwas Palace Sumel, Jamdoli Chouraha, Rajasthan 302031, India; +91 141 296 9762

Persons: India CNN —, Villa Palladio, It’s, Botticelli, Barbara Miolini, Marie Anne Oudejans, Miolini, Andrea Palladio, Palladio, ” Miolini, Atul Pratap Chauhan, Abhay Singh, ” Marie Ann Oudejans, Villa, Vibhor Mukul Singh, didn’t, ”, Abhay Niwas, Jamdoli Organizations: India CNN, India CNN — Kanota, Villa Locations: Jaipur, India, Rajasthan, Agra, Italian, Dutch, Switzerland, Venice, Italy, Jamdoli Chouraha

☆ UK's FTSE 100 slips on dour earnings; NatWest falls
▼ + stars: | 2023-07-26 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

The FTSE 100 index (.FTSE) lost 0.2%, while the more domestically focussed FTSE 250 midcap index (.FTMC) was flat. UK earnings season picked up pace with Lloyds Banking Group(LLOY.L), Britain's biggest mortgage lender, posting a pre-tax first-half profit below analysts' forecast compiled by the bank. The lender fell 2.7%, while the UK banks index (.FTNMX301010) slipped 0.9%. Rolls-Royce (RR.L) soared 19.3%, to hit its highest level in over three years after the aero-engineering company raised its full-year operating profit forecast. Reporting by Shashwat Chauhan in Bengaluru; editing by Eileen Soreng and Sohini GoswamiOur Standards: The Thomson Reuters Trust Principles.

Persons: Royce, Aston Martin, Alison Rose, Nigel Farage, Georgina Cooper, Aston, Shashwat Chauhan, Eileen Soreng, Sohini Organizations: HY, U.S, Fed, Lloyds, NatWest, NatWest Group, BBC, Lloyds Banking Group, BNY, Equity, Rio Tinto, Royce, Dunhill, Tobacco, Aston Martin Lagonda Global Holdings, U.S . Federal Reserve, Thomson Locations: Rio Tinto, London, Rio, Bengaluru

☆ Wall St ends up, extends recent gains on cooling US inflation
▼ + stars: | 2023-07-13 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +4 min

Wednesday's CPI report showed U.S. consumer prices registered their smallest annual increase in more than two years. The reports have helped to support the view the Federal Reserve will stop hiking rates after an expected 25 basis points rate increase later this month. Technology-related shares provided the most support to the S&P 500, and an index of tech-focused shares including megacaps (.NYFANG) gained 2.7% and registered a record high close. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 7, 2023. The S&P 500 posted 51 new 52-week highs and one new low; the Nasdaq Composite recorded 135 new highs and 39 new lows.

Persons: Mona Mahajan, Edward Jones, Brendan McDermid, JPMorgan Chase, Alan Lancz, Alan B, Bard, Caroline Valetkevitch, Johann M Cherian, Sinead Carew, Shashwat Chauhan, Saumyadeb Chakrabarty, Maju Samuel, Deepa Babington Organizations: Dow, Nasdaq, Federal Reserve, PPI, . Technology, Dow Jones, Nvidia, New York Stock Exchange, REUTERS, JPMorgan, Lancz, Associates Inc, Air Lines, PepsiCo, Google, Inc, U.S, NYSE, Thomson Locations: U.S, Philadelphia, New York City, Toledo , Ohio, Europe, Brazil, Bengaluru, New York

☆ Wall St ends up, extends recent gains after producer prices data
▼ + stars: | 2023-07-13 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

Wednesday's CPI report showed U.S. consumer prices registered their smallest annual increase in more than two years. The reports have helped to support the view the Federal Reserve will stop hiking rates after an expected 25 basis points rate increase later this month. "PPI is another confirmation this week that inflation continues to trend in the right direction even as we see better overall labor market and consumer data. According to preliminary data, the S&P 500 (.SPX) gained 37.73 points, or 0.84%, to end at 4,509.89 points, while the Nasdaq Composite (.IXIC) gained 219.35 points, or 1.58%, to 14,138.31. Delta Air Lines (DAL.N) shares gained after it lifted its full-year profit outlook following stronger-than-expected second-quarter earnings on a relentless post-pandemic travel boom.

Persons: Mona Mahajan, Edward Jones, JPMorgan Chase, Alan Lancz, Alan B, Bard, Caroline Valetkevitch, Johann M Cherian, Sinead Carew, Shashwat Chauhan, Saumyadeb Chakrabarty, Maju Samuel, Deepa Babington Organizations: Delta Air Lines, Federal Reserve, PPI, Nasdaq, Dow Jones, Nvidia, JPMorgan, Lancz, Associates Inc, Air Lines, PepsiCo, Google, Inc, Thomson Locations: Philadelphia, Toledo , Ohio, Europe, Brazil, Bengaluru, New York

U.S. producer prices barely rose in June and the annual increase in producer inflation was the smallest in nearly three years. Keeping a lid on optimism, a separate report showed weekly jobless claims unexpectedly fell last week, indicating that the labor market remains tight. InflationTraders expect a 20% probability that the central bank will hike borrowing costs in its November meeting but have fully priced in a 25-basis-point rate hike later in July. Five of the 11 major S&P 500 sectors advanced, with communications services (.SPLRCL) leading gains boosted by a 4.9% jump in Alphabet (GOOGL.O). Overall, earnings for the S&P 500 constituents are expected to have dropped 6.4% in the second quarter, Refinitiv data showed.

Persons: IRPR, David Russell, Bard, ChatGPT, Johann M Cherian, Shashwat Chauhan, Saumyadeb Chakrabarty, Maju Samuel Organizations: PepsiCo, Dow, Nasdaq, Federal Reserve, Dow Jones, Google, Microsoft, Delta Air Lines, Meta, NYSE, Thomson Locations: Europe, Brazil, Bengaluru

☆ Nasdaq leads Wall St to higher close as CPI report lifts sentiment
▼ + stars: | 2023-07-12 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +4 min

Shares of big tech-related companies, which tend to be sensitive to higher interest rates, gave the S&P 500 its biggest boost. The Labor Department report also showed the smallest monthly gain in underlying consumer prices since August 2021. The S&P 500 banks index (.SPXBK) was up 0.6%. Advancing issues outnumbered declining ones on the NYSE by a 3.23-to-1 ratio; on Nasdaq, a 1.93-to-1 ratio favored advancers. The S&P 500 posted 66 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 129 new highs and 42 new lows.

Persons: Michael James, Quincy Krosby, Marvel, Janet Yellen's, Caroline Valetkevitch, Johann M Cherian, Shashwat Chauhan, Shinjini Ganguli, Nick Zieminski, David Gregorio Our Organizations: Nvidia, Broadcom, Dow, Nasdaq, Reserve, CPI, Wedbush Securities, Dow Jones, Labor Department, JPMorgan Chase, chipmaker Broadcom, VMware, Marvell Technology, Treasury, NYSE, Thomson Locations: Los Angeles, North Carolina, U.S, York, China, Beijing, Bengaluru

U.S. consumer prices rose modestly in June and logged their smallest annual increase in more than two years as inflation continued to subside. The much awaited U.S. Labor Department report showed growth in core consumer prices, which excludes food and energy, eased to 4.8% from 5.3% in May on an annual basis. In the 12 months through June, the consumer prices (CPI) advanced 3.0%. The S&P 500 banks index (.SPXBK) rose 1.7% ahead of second-quarter earnings season, with Wall Street lenders expected to report higher profits. The S&P index recorded 62 new 52-week highs and two new lows, while the Nasdaq recorded 110 new highs and 28 new lows.

Persons: Brian Jacobsen, Russell, Bilibili, Johann M Cherian, Shashwat Chauhan, Shinjini Organizations: Nvidia, VMware, Broadcom, Dow, Nasdaq, Wall, Federal Reserve, . Labor Department, Annex Wealth Management, Dow Jones, Microsoft, Financial Times, Alibaba Group, NYSE, Thomson Locations: U.S, Beijing, Bengaluru

[1/2] A trader works at the Frankfurt stock exchange, amid the coronavirus disease (COVID-19) outbreak, in Frankfurt, Germany, December 30, 2020. The Consumer Price Index (CPI) gained just 0.2% last month, the Labor Department said on Wednesday, lifted by rises in gasoline prices as well as rents, which offset a decrease in the price of used motor vehicles. CPI advanced 3.0% in the 12 months through June, down from 4.0% in May and the smallest year-on-year increase since March 2021. /FRXU.S. Treasury yields also dropped, with the 10-year Treasury yield now at 3.885%, down 9.7 basis points . GLOBAL STOCKS, COMMODITIESOvernight in Asia, Australia's S&P/ASX 200 index (.AXJO) rose 0.4%, while the bouncing yen knocked Japan's Nikkei (.N225) down 0.8%.

Persons: Ralph Orlowski, Alexandra Wilson, Elizondo, Bryce Doty, Australia's, Wells, Brent, Lawrence Delevingne, Marc Jones, Ankur Banerjee, Shashwat Chauhan, Jan Harvey, Chizu Organizations: REUTERS, Companies U.S, Treasury, Index, Labor Department, Dow Jones, Nasdaq, Goldman Sachs Asset Management, Bank of England, U.S, Sit Investment, Fed, Bank of Canada, Japan's Nikkei, JPMorgan, Citigroup, Brent, Thomson Locations: Frankfurt, Germany, U.S, Minneapolis, Asia, Boston, London, Singapore, Bengaluru

☆ UK's FTSE 100 flat as energy gains offset mining losses; real estate stocks tumble
▼ + stars: | 2023-07-10 | by ( ) www.reuters.com time to read: +1 min

SummaryCompanies FTSE 100 flat, FTSE 250 off 0.4%July 10 (Reuters) - UK's FTSE 100 was subdued on Monday, as gains in energy firms outpaced losses in mining stocks, after weak Chinese economic data rekindled slowing demand concerns, while real estate stocks slumped on a bearish call from HSBC. By 0718 GMT, the blue-chip FTSE 100 (.FTSE) was flat, while the more domestically-focussed FTSE 250 midcap index (.FTMC) fell 0.4%. Industrial metal miners (.FTNMX551020) lost 0.8%, tracking a fall in most base metal prices. A bearish note from HSBC on UK real estate weighed on the sector, pushing down the real estate investment trusts (REITs) (.FTNMX351020) 1.2% and real estate (.FTUB3510) 1.1%. Heavyweight energy stocks (.FTNMX601010) added 0.8%.

Persons: Shashwat Chauhan, Dhanya Ann Thoppil Organizations: HSBC, Prudential, Thomson Locations: China, Bengaluru

☆ London stocks decline at open as rate hike fears persist
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +1 min

By 0712 GMT, the blue-chip FTSE 100 (.FTSE) lost 0.6%, while the more domestically-focussed FTSE 250 midcap index (.FTMC) fell 0.3%. Coca Cola HBC AG (CCH.L) jumped 3.6% after the bottler raised its 2023 profit expectation. The pharmaceuticals and biotech (.FTNMX201030) and utilities (.FTUB6510) sectors were amongst the top losers, down 1.1% and 0.9%, respectively. A key reading of U.S. jobs data due later in the day will be eyed to gauge the Federal Reserve's monetary tightening plans after the central bank kept rates steady in its previous decision. Reporting by Shashwat Chauhan in Bengaluru; editing by Eileen SorengOur Standards: The Thomson Reuters Trust Principles.

Persons: Jefferies, Shashwat Chauhan, Eileen Soreng Organizations: Federal Reserve, Coca Cola HBC, Coca Cola HBC AG, Federal, Thomson Locations: Bengaluru

☆ UK FTSE 100 at three-month low as rate hike worries grip; Currys slumps
▼ + stars: | 2023-07-06 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

The blue-chip FTSE 100 (.FTSE) fell 1.2%, hitting its lowest level since March 24. Currys (CURY.L) tumbled 13.3% to its lowest level in more than 20 years after the electricals retailer reported a 38% slump in full-year profit. The commodity-heavy UK benchmark has been underperforming its peers this year amid volatility in resource prices over an uncertain global outlook. Among individual stocks, United Utilities (UU.L) climbed 1.8% after Morgan Stanley raised the water utility firm's rating to "overweight" from "equal-weight." Reporting by Shashwat Chauhan in Bengaluru; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

Persons: tanked, Chris Beauchamp, Beauchamp, Morgan Stanley, Shashwat Chauhan, Dhanya Ann Thoppil Organizations: United Utilities, P, FTSE, U.S, U.S . Federal, IG Group, HSBC, Standard Chartered, Prudential, CAB, Thomson Locations: China, U.S, U.S ., Bengaluru

☆ UK's FTSE 100 edges higher on mining boost
▼ + stars: | 2023-07-03 | by ( ) www.reuters.com time to read: +1 min

SummarySummary Companies FTSE 100 up 0.2%, FTSE 250 adds 0.3%July 3 (Reuters) - UK's FTSE 100 gained on Monday led by mining stocks on higher metal prices, while shares of other Chinese-exposed firms gained on rising hopes of more policy support in the world's second-largest economy. By 0715 GMT, the blue-chip FTSE 100 (.FTSE) gained 0.2%, while the more domestically-focussed FTSE 250 midcap index (.FTMC) rose 0.3%. Industrial metal miners (.FTNMX551020) advanced 1.3% as prices of base metals rose, buoyed by improved sentiment. China-exposed banks HSBC (HSBA.L) and Standard Chartered (STAN.L) rose 0.5% and 1.2%, respectively, while insurer Prudential (PRU.L) added 0.9% as hopes of more policy support grew after another weak data point and commentary from Chinese officials. Reporting by Shashwat Chauhan in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

Persons: Drugmaker, Shashwat Chauhan, Rashmi Organizations: HSBC, Standard Chartered, Prudential, Drugmaker AstraZeneca, Thomson Locations: China, Bengaluru

It helped that Treasury yields fell in response to cooling inflation, said Burns McKinney, portfolio manager at NFJ Investment Group in Dallas, Texas. The Fed might have a better-than-we-thought shot of threading the needle and cooling inflation without killing the economy in the process," said McKinney. The Nasdaq 100 index (.NDX) of top technology stocks boasted its biggest first half gain on record, adding around 39%. For the week, the S&P 500 added 2.35% while the Nasdaq added 2.20% and the Dow climbed 2.02%. For the quarter, the S&P 500 added 8.3% while the Nasdaq climbed 12.8% and the Dow rose 3.4%.

Persons: Burns McKinney, McKinney, Brendan McDermid, Dow, Russell, Hawkish, Jerome Powell, Jefferies, Sinéad Carew, Sruthi Shankar, Johann M Cherian, Shashwat Chauhan, Shinjini Ganguli, David Gregorio Our Organizations: Apple, Nasdaq, Dow, Apple Inc, Investors, Federal Reserve, Commerce Department, April's, NFJ Investment, Dow Jones, Reuters Graphics Traders, New York Stock Exchange, REUTERS, Microsoft, Nvidia, Nike Inc, Carnival Corp, Thomson Locations: Dallas , Texas, New York City, U.S, New York, Bengaluru

Investors perked up on signs of cooling U.S. inflation from measures that are closely watched by the Federal Reserve. Excluding volatile food and energy, the core PCE index gained 0.3%, down from 0.4% in the previous month. It helped that Treasury yields fell in response to cooling inflation, said Burns McKinney, portfolio manager at NFJ Investment Group in Dallas, Texas. The Fed might have a better-than-we-thought shot of threading the needle and cooling inflation without killing the economy in the process," said McKinney. The CBOE Market Volatility Index (.VIX), Wall Street's fear gauge, earlier slipped to a one-week low at 12.96 points.

Persons: Apple, Burns McKinney, McKinney, Russell, Hawkish, Jerome Powell, Jefferies, Sinéad Carew, Sruthi Shankar, Johann M Cherian, Shashwat Chauhan, Shinjini Ganguli, David Gregorio Our Organizations: Nasdaq, Apple Inc, Investors, Federal Reserve, Commerce Department, April's, NFJ Investment, Dow Jones, Reuters, Microsoft, Nvidia, Nike Inc, Carnival Corp, Thomson Locations: Dallas , Texas, U.S, New York, Bengaluru

Helped by gains in Apple, technology stocks (.SPLRCT) rose 1.6% and led advance among the 11 major S&P 500 sectors. Excluding the volatile food and energy components, the PCE price index gained 0.3%, down from 0.4% in the previous month. Despite a recent streak of losses, the three main U.S. indexes were on course to end June and the second quarter on a high note as investors expect the Fed's aggressive tightening will not derail the U.S. economy. The CBOE Market Volatility Index (.VIX), Wall Street's fear gauge, slipped to a one-week low at 13.48 points. The S&P index recorded 67 new 52-week highs and no new lows, while the Nasdaq recorded 76 new highs and 24 new lows.

Persons: we're, Peter Andersen, Jerome Powell, Jefferies, Sruthi Shankar, Johann M Cherian, Shashwat Chauhan, Shinjini Organizations: Nike, Apple, Dow, Nasdaq, Apple Inc, Commerce Department, Andersen Capital Management, Traders, Dow Jones, Treasury, Nike Inc, Carnival Corp, NYSE, Thomson Locations: Boston, U.S, Bengaluru

☆ London stocks hit three-month low dragged by defence stocks; Aston Martin surges
▼ + stars: | 2023-06-26 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

The blue-chip FTSE 100 (.FTSE) slipped 0.4%, hitting a three month low as the aerospace and defence sector (.FTNMX502010) lost 2.1% after fighters of the Wagner group attempted a mutiny in Russia over the weekend. "Defence stocks tend to benefit from bad news in terms of geopolitical tensions," said Christopher Peters, trading floor manager at Accendo Markets. Britain's biggest defence company BAE Systems (BAES.L) slumped 3.1%, dropping to the bottom of the FTSE 100. The more domestically-focussed FTSE 250 midcap index (.FTMC) also fell 0.5%, touching a three-month low. Among individual stocks, Cineworld Group (CINE.L) dropped 28.9% after the cinema chain operator said it will file for administration as part of a proposed restructuring plan.

Persons: Russia Cineworld, Aston Martin, carmaker Aston Martin, Wagner, Christopher Peters, JP Morgan, Shashwat Chauhan, Sherry Jacob, Phillips Organizations: Defence, U.S, EV, Lucid, carmaker, Accendo, BAE Systems, Lloyds, Bank of England, Bank for International, Cineworld, Thomson Locations: Russia, Bengaluru

Appearing before the Senate Banking Committee, Powell reiterated his view that more rate hikes are likely in the months ahead. Richmond Fed President Tom Barkin said he remains unconvinced that inflation is on a steady path downward, but would not prejudge what the Fed should do at its July 25-26 meeting. Investors will also monitor comments from St. Louis Fed President James Bullard, Atlanta Fed President Raphael Bostic and Cleveland Fed's President Loretta Mester. ET, Dow e-minis were down 109 points, or 0.32%, S&P 500 e-minis were down 22 points, or 0.5%, and Nasdaq 100 e-minis were down 101.75 points, or 0.67%. Reporting by Shubham Batra, Shreyashi Sanyal and Shashwat Chauhan in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

Persons: Jerome Powell, Powell, Matt Britzman, Hargreaves Lansdown, Tom Barkin, Louis, James Bullard, Raphael Bostic, Loretta Mester, Shubham Batra, Shreyashi Sanyal, Shashwat Chauhan, Arun Koyyur Organizations: Dow, Nasdaq, Banking, Richmond Fed, Deutsche Bank, Louis Fed, Atlanta Fed, Cleveland, Dow e, 3M, Carmax Inc, Thomson Locations: U.S, Bengaluru

SummarySummary Companies Travis Perkins falls, warns of downbeat profitUK inflation data, BoE rate decision due next weekFTSE 100 up 0.2%, FTSE 250 flatJune 16 (Reuters) - UK's FTSE 100 climbed on Friday, with defensive stocks such as utilities and healthcare leading the charge, while top building materials supplier Travis Perkins slumped after a profit warning. The internationally-focused FTSE 100 (.FTSE) gained 0.2%, posting a weekly gain of 1%, snapping a three-week losing streak underpinned by strength in mining stocks. Investors now look ahead to domestic inflation data and a probable 25-basis-point rate hike from the Bank of England next week. "It looks like, at least at this point, that this is the central bank that's going to remain the most restrictive for the longest period of time." A BoE survey showed the British public's expectations for inflation in the coming 12 months cooled in May.

Persons: Travis Perkins, BoE, Julien Lafargue, Ankika Biswas, Shashwat Chauhan, Khushi Singh, Sherry Jacob, Phillips, Shailesh Organizations: U.S . Federal Reserve, European Central Bank, Bank of, ECB, Barclays Private Bank, FTSE, Britain's, Thomson Locations: Bank of England, Bengaluru

☆ TSX pares gains after surprise BoC rate hike
▼ + stars: | 2023-06-07 | by ( Ankika Biswas | ) www.reuters.com time to read: +2 min

June 7 (Reuters) - Canadian stocks pared gains on Wednesday after the country's central bank's surprise decision to raise its benchmark interest rates, while a boost from energy shares helped keep the main stock index afloat. The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was up 0.05%, after rising as much as 0.4% to 20,149.95 ahead of the rate decision. The Bank of Canada (BoC) hiked the key rate to 4.75%, the highest level in 22 years, on increasing concerns that inflation could get stuck significantly above its 2% target. Canadian money markets see a near-50% chance of another rate hike in July, fully pricing in further tightening by September. BOCWATCHInvestors are now on the lookout for inflation data out of the U.S. and the Federal Reserve's policy meeting next week.

Persons: Diana Avigdor, Ankika Biswas, Shashwat Chauhan, Shilpi Majumdar Organizations: Toronto Stock, Bank of Canada, BoC, Capital Management, BOCWATCH, Energy, North West Company, Thomson Locations: China, Bengaluru

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