October 2024 – Page 28 – Best Day Investing

Romanian fiscal adjustment plans challenge timeline for interest rate cuts

BUCHAREST (Reuters) – Romania’s central bank saw a window of opportunity with falling inflation to cut interest rates twice and ease some policy restrictiveness, but the bank is now pausing…

October 15, 2024

Stock

Phillips 66 aims at $3 billion divestitures target with Swiss venture stake sale

(Reuters) -Phillips 66 will sell its 49% non-operated equity interest in Coop Mineraloel AG to its Swiss joint venture partner for $1.24 billion, the U.S. refiner said on Monday. The…

October 15, 2024

Stock

Strong weekly flows in S&P 500 drive extended long positioning: Citi

Investing.com — Over the past week, flows into the S&P 500 were among the largest seen this year, Citi strategists revealed Monday. Investors added nearly $23 billion in notional risk…

October 15, 2024

Stock

Indonesia stocks higher at close of trade; IDX Composite Index up 0.68%

Investing.com – Indonesia stocks were higher after the close on Tuesday, as gains in the Financials, Agriculture and Basic Industry sectors led shares higher. At the close in Jakarta, the…

October 15, 2024

Stock

De La Rue shares jump on £300 mln sale of Authentication unit to Crane NXT

Investing.com — Shares of De La Rue (LON:DLAR) jumped on Tuesday after the company said that it has agreed to sell its Authentication Division to U.S.-based industrial technology firm Crane…

October 15, 2024

Stock

S&P 500 will hit 6200 by June 2025: UBS

Investing.com — UBS strategists maintained their S&P 500 price target of 6,200 by June 2025 on Monday and reaffirmed a positive outlook on AI beneficiaries and quality stocks. U.S. equities…

October 15, 2024

Stock

Musk reacts to Ambani lobbying, calls any India move to auction satellite spectrum ‘unprecedented’

NEW DELHI (Reuters) – Starlink boss Elon Musk said a move by India to auction satellite broadband spectrum, and not allocate it, would be “unprecedented”, reacting to a Reuters story…

October 15, 2024

Economy

China stimulus to accelerate on weakening export momentum – Citi

Investing.com — China’s government could introduce increased stimulus measures after export growth missed expectations by a “wide margin” in September, according to analysts at Citi. Exports from the world’s second-largest economy…

October 15, 2024

Economy

Italian government to approve 2025 budget amid tensions over bank levy

By Giuseppe Fonte ROME (Reuters) – Italy’s cabinet will meet late on Tuesday to approve Rome’s 2025 budget, amid tensions within the ruling parties over a Treasury proposal to raise…

October 15, 2024

Economy

Futures mixed; Bank of America, Goldman Sachs to report – what’s moving markets

Investing.com — US stock futures hovered around both sides of the flatline as markets waited for cues from fresh company earnings and economic indicators. Wall Street banking giants Bank of America…

October 15, 2024