TOPNWS

Brazilian markets soar as Bolsonaro's strong performance triggers second round of voting

Brazilian markets soar as Bolsonaro’s strong performance triggers second round of voting

SAO PAULO/BRASILIA, Oct 3 (Reuters) – Brazil’s real currency and stock market surged on Monday after far-right President Jair Bolsonaro topped polls and clinched his place in a tense runoff, denying the leftist Luiz Inacio Lula da Silva an outright victory in the first round. Bolsonaro’s unexpected performance on Sunday dashed hopes for a quick …

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Pound jumps after UK tax cut rescinded, oil climbs higher

Pound jumps after UK tax cut rescinded, oil climbs higher

TOKYO, Oct 3 (Reuters) – Oil surged on Monday as OPEC+ considered cutting output at its meeting later this week, while the pound appreciated after the British government announced it would would undo a controversial tax cut that had rocked UK markets. Asian stocks mostly fell over the holidays, although Japanese markets found support from …

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Ukraine claims control of Russian logistics hub, seeks to cut more supply lines

Ukraine claims control of Russian logistics hub, seeks to cut more supply lines

Retaking Lyman town could help Ukraine against Russians in the east Russian hawks slam loss, some demand tougher measures Pope calls for ending ‘spiral of violence and death’ KYIV, Oct 3 (Reuters) – Ukraine has claimed full control of eastern Russia’s logistics hub Lyman, its biggest battlefield win in weeks, paving the way for new …

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Wall Street takes a nose dive amid growing concerns over economic growth

Wall Street takes a nose dive amid growing concerns over economic growth

S&P 500 back to nearly two-year low Airlines and cruises fall on cancellations due to Hurricane Ian CarMax collapses on missing Q2 expectations Indices down: Dow 1.54%, S&P 2.15%, Nasdaq 3.05% Sept 29 (Reuters) – Wall Street fell on Thursday on fears of a global economic slowdown from aggressive central bank policy and concerns that …

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UK market rout stokes contagion fears around the world

UK market rout stokes contagion fears around the world

NEW YORK/LONDON, Sept 28 (Reuters) – The scale and speed of the sale of British assets has rattled global markets, raising concerns about contagion as chaos in a major developed economy adds to the already malaise generated by the sharp rise in interest rates in the United States and elsewhere. After Friday’s UK mini-budget, which …

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Column: Fed neutral rate forecast nods to 'transitional' pivot

Column: Fed neutral rate forecast nods to ‘transitional’ pivot

ORLANDO, Fla., Sept 28 (Reuters) – Investors are scared and bond markets tumble as hopes of a Federal Reserve pivot evaporate and the amount of easing next year priced in to the US interest rate futures curve narrows to less than 25 basis points. The Fed is embarking on its most aggressive policy tightening campaign …

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IMF criticizes UK policy, Bank of England to make big response

IMF criticizes UK policy, Bank of England to make big response

Proposals likely to increase inequality, says IMF BoE pill says ‘significant’ response likely Economists and leaders call for a political reversal The pound is recovering slightly, up 0.4% on the day LONDON, Sept 27 (Reuters) – The International Monetary Fund on Tuesday openly criticized Britain’s new economic strategy, following a further slump in bond markets …

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Britain scares away investors with historic tax cuts and borrowing

Britain scares away investors with historic tax cuts and borrowing

Kwarteng slashes top income tax rate amid growth momentum Huge increase in UK government debt issuance expected Gilts suffer biggest drop in decades Pound drops 3% to new 37-year low against dollar LONDON, Sept 23 (Reuters) – Britain’s new finance minister Kwasi Kwarteng on Friday announced historic tax cuts and huge increases in borrowing in …

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Stocks hit 2-year low as central banks step up war on inflation

Stocks hit 2-year low as central banks step up war on inflation

Join now for FREE unlimited access to Reuters.com Register MSCI All-World hits 2-year low Yen stable but traders wary of more intervention Treasuries head for eighth weekly loss LONDON/SYDNEY, Sept 23 (Reuters) – Stocks hit a two-year low on Friday and bonds suffered an eighth weekly loss as investors digested the prospect of a much …

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