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French oil giant TotalEnergies has become the first major North Sea operator to cut investment as a direct result of Rishi Sunak's windfall tax.

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01 Dec, 2022 / 19:41

The stock market slipped Thursday as cooler-than-expected inflation faced off with Salesforce's shake-up on leadership.

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01 Dec, 2022 / 17:07

The dollar sold off on Thursday after a closely watched measure of inflation came in lower than expected and a speech from Jay Powell raised hopes that the Federal Reserve would soon slow its rate rises. Thursday’s fall in the dollar is the latest sign of a shift in market expectations for the path of Fed rate rises — an issue that has dominated global markets this year. “The market has taken the view that inflation is already history, and that the Fed will pivot pretty soon and that rate hikes will diminish from December onwards,” said Didier Rabattu, head of equities at Lombard Odier Investment Management.

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01 Dec, 2022 / 17:04

High street retailer Next has secured a last minute deal to buy Joules, after gazumping the South African group behind Hobbs and Whistles to acquire the business out of bankruptcy.

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01 Dec, 2022 / 14:19

Europe's STOXX 600 index closed above a three-month high on Thursday, as investors cheered U.S. Federal Reserve Chair Jerome Powell's hints of smaller interest rate hikes and China's decision to soften its tone on strict COVID-19 restrictions. The pan-European STOXX 600 index climbed 0.9% to hit its highest since Aug 17. Technology stocks helped boost the index, advancing 2.9%, with traders pointing to some support from U.S. peer Salesforce raising its profit forecast.

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01 Dec, 2022 / 10:02

Ibex 35, CAC 40, DAX encouraged by the rises in Asia and Wall Street after the words of Jerome Powell, president of the U.S. Federal Reserve (Fed), who suggested a slowdown in the pace of interest rate hikes of the agency from this coming December meeting. "Many investors feared the Fed chair would take a max hawkish sledgehammer to the recent easing of financial conditions ... That overhang has now gone," said Krishna Guha, head of global policy at Evercore ISI. "This speech doesn't really bring anything new; nothing that investors didn't already know," noted Link Securities.

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01 Dec, 2022 / 06:44

A Santa stock rally, which typically occurs at the end of the year, could cheer investors after a prolonged bull market in 2022.

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01 Dec, 2022 / 06:00

European stock markets edged higher Thursday after Fed Chair Jerome Powell signaled a smaller interest rate increase later this month, but weak German retail sales tempered gains. Global economic activity has been battered for months by sharp interest rate increases from a number of senior central banks, and the U.S. Federal Reserve in particular, as they attempted to rein in inflation at record levels. Wednesday’s November CPI release also showed a bigger than expected fall in the Eurozone, bolstering the case for a slowdown in European Central Bank rate hikes later this month, but an annual figure of 10% is still five times higher than the central bank’s target.

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01 Dec, 2022 / 03:58

European stock markets are expected to open higher Thursday, with risk appetite soaring after Fed Chair Jerome Powell signaled the U.S. central bank would reduce the size of its interest rate increases later this month. At 02:00 ET (07:00 GMT), the DAX futures contract in Germany traded 1.1% higher, CAC 40 futures in France climbed 0.9% and the FTSE 100 futures contract in the U.K. rose 0.3%. Global economic activity has been battered for months by sharp interest rate increases from a number of senior central banks, and the U.S. Federal Reserve in particular, as they attempted to rein in inflation at record levels.

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01 Dec, 2022 / 01:54

Stocks finished sharply higher Wednesday after Fed Chair Jerome Powell hinted at smaller near-term rate hikes as the central bank tracks a 'highly uncertain' inflation path.

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30 Nov, 2022 / 21:44