A look at the day ahead in European and global markets from Ankur Banerjee: With a Fed pivot coming in to view, thanks to Jerome Powell, and optimism about China’s reopening prospects, investors[...]
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Europe
Roche shutters most trials of Alzheimer’s drug after failed trials
By Julie Steenhuysen CHICAGO (Reuters) – Swiss drugmaker Roche is closing down most clinical trials of its experimental Alzheimer’s drug gantenerumab after it failed to slow advance of the[...]
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Stocks rally, yields and dollar fall as Powell signals slower hikes
By Sinéad Carew NEW YORK (Reuters) – Wall Street equities closed sharply higher on Wednesday while U.S. Treasury yields declined and the dollar sank after Federal Reserve Chair Jerome Powell sai[...]
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Interpol confirms red notice for Angolan billionaire Isabel dos Santos
LISBON (Reuters) – Global police agency Interpol confirmed on Wednesday it had issued a red notice for Angolan billionaire Isabel dos Santos, daughter of the country’s former president, as[...]
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Spotify CEO renews attack on Apple after Musk’s salvo
STOCKHOLM (Reuters) -Spotify’s CEO Daniel Ek renewed his attack on Apple on Wednesday in a series of tweets alleging the iPhone maker “gives itself every advantage while at the same time s[...]
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Oil settles up $2 on tighter supply; OPEC+ talks limit gains
By Laura Sanicola (Reuters) -Oil prices settled up by over $2 per barrel on Wednesday on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery. Capping gains, the OPEC+[...]
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Fed Chair Powell: cutting rates is not something to do soon
(Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said the U.S. central bank should use a “risk management” approach to raising rates, going “slower and feeling our[...]
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EU defends gas price cap proposal after country criticism
By Kate Abnett BRUSSELS (Reuters) -The European Union’s energy chief on Wednesday defended the bloc’s proposal to cap gas prices and said countries will negotiate possible changes to the p[...]
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OPEC oil output drops in November after cut pledged -survey
By Alex Lawler LONDON (Reuters) – OPEC oil output has fallen in November, led by top exporter Saudi Arabia and other Gulf members, after the wider OPEC+ alliance pledged steep output cuts to sup[...]
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