https://www.globalbankingandfinance.com Get the latest on Banking, Finance, Technology, Insurance and much more for Free. No Paywalls, News, Reviews, Analysis, Opinion & more. Fri, 06 Dec 2024 21:31:38 +0000 en-GB hourly 1 https://wordpress.org/?v=6.7.1 https://www.globalbankingandfinance.com/oil-prices-fall-on-supply-glut-fears-despite-opec-output-cut-extension/ Fri, 06 Dec 2024 21:30:56 +0000 https://www.globalbankingandfinance.com/?p=806652 By Laila Kearney NEW YORK (Reuters) -Oil prices fell by more than 1% on Friday and cemented weekly losses as analysts projected a supply surplus next year on weak demand despite an OPEC+ decision to delay output hikes and extend deep production cuts to the end of 2026. Brent crude futures settled at $71.12 a […]]]> https://www.globalbankingandfinance.com/wall-street-stocks-gain-and-investors-raise-bets-on-us-rate-cut-after-jobs-data/ Fri, 06 Dec 2024 15:22:56 +0000 https://www.globalbankingandfinance.com/?p=805823 By Lawrence Delevingne and Iain Withers BOSTON/LONDON (Reuters) -Investors raised their bets on the prospect of a U.S. interest rate cut this month, after payrolls data showed job growth came in roughly in line with expectations in November, while the euro was flat versus the dollar as political turmoil gripped France. Futures markets put an […]]]> https://www.globalbankingandfinance.com/investors-brace-for-us-payrolls-data-euro-flat-amid-france-turmoil/ Fri, 06 Dec 2024 13:44:48 +0000 https://www.globalbankingandfinance.com/?p=805555 By Iain Withers and Stella Qiu LONDON/SYDNEY (Reuters) -Investors awaited U.S. payrolls data on Friday to see if it challenged or cemented expectations of a Federal Reserve rate cut this month, while the euro stumbled towards a flat week versus the dollar as France was gripped by political turmoil. European stocks edged up 0.2% after […]]]> https://www.globalbankingandfinance.com/euro-zone-productivity-growth-remains-weak-in-q3-data-shows/ Fri, 06 Dec 2024 10:47:42 +0000 https://www.globalbankingandfinance.com/?p=805047 FRANKFURT (Reuters) – Euro zone productivity growth remained weak in the third quarter despite a modest expansion in the bloc’s economy, continuing a poor run that has lasted years, data from Eurostat showed on Friday. Per capita productivity was unchanged compared to the same quarter a year earlier while it expanded by 0.5% based on […]]]> https://www.globalbankingandfinance.com/german-industrial-output-unexpectedly-falls-in-october/ Fri, 06 Dec 2024 10:44:13 +0000 https://www.globalbankingandfinance.com/?p=804757 By Miranda Murray BERLIN (Reuters) -German industrial production unexpectedly fell in October, owing mainly to declines in energy production and in the automotive industry, the federal statistics office said on Friday. Production was down by 1.0% in October from the previous month, the office said. Analysts polled by Reuters had predicted a 1.2% rise after […]]]> https://www.globalbankingandfinance.com/morning-bid-risk-wary-markets-count-down-to-payrolls/ Fri, 06 Dec 2024 08:47:22 +0000 https://www.globalbankingandfinance.com/?p=804576 A look at the day ahead in European and global markets from Stella Qiu Risk sentiment took a hit in Asia on Friday from renewed political rumblings in South Korea, rattling investors’ nerves as they awaited a crucial U.S. nonfarm payrolls report that could alter the odds of a Federal Reserve rate cut this month. […]]]> https://www.globalbankingandfinance.com/asian-shares-slip-on-south-korea-risk-dollar-on-guard-ahead-of-payrolls/ Fri, 06 Dec 2024 07:15:50 +0000 https://www.globalbankingandfinance.com/?p=804458 By Stella Qiu SYDNEY (Reuters) – Asian stocks slipped on Friday on political ructions in South Korea, while dollar bulls waited anxiously to see if U.S. payrolls challenged or cemented expectations of a rate cut this month. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.3% in part due to a 1.7% drop in […]]]> https://www.globalbankingandfinance.com/wall-street-stocks-bitcoin-take-breath-from-record-highs-ahead-of-us-jobs-data/ Fri, 06 Dec 2024 06:45:49 +0000 https://www.globalbankingandfinance.com/?p=804265 By Lawrence Delevingne, Dhara Ranasinghe BOSTON/LONDON (Reuters) -Bitcoin traded near $100,000 on Thursday as investors bet on a friendly U.S. regulatory shift, while world stocks pulled back slightly but held near record highs ahead of a key U.S. jobs report. France’s government lost a confidence vote late on Wednesday for the first time since 1962, […]]]> https://www.globalbankingandfinance.com/oil-falls-as-investors-weigh-ample-2025-supply-outlook-delayed-opec-output-hike/ Fri, 06 Dec 2024 06:15:13 +0000 https://www.globalbankingandfinance.com/?p=804253 By Georgina McCartney HOUSTON (Reuters) -Oil prices fell on Thursday as investors weighed an ample supply outlook for next year against OPEC+ delaying its planned output increase by three months to April 2025. Brent crude settled down 22 cents, or 0.3%, at $72.09 a barrel, while U.S. West Texas Intermediate (WTI) settled down 24 cents, […]]]>