Thursday, 7 July 2022

Futures edge higher as investors assess interest rate outlook

Futures edge higher as investors assess interest rate outlook

U.S. stock index futures edged higher on Thursday as investors assessed the outlook for monetary policy amid growing concerns about an economic downturn caused by aggressive rate hikes to tackle inflation.

Brazil real to firm, but pre-election fiscal loosening seen as risk

Brazil's real is expected to firm over the next 12 months but will come under growing pressure from planned extra social spending against a complex economic backdrop in the run-up to October's presidential vote, a Reuters poll showed.

Airbnb obliged to provide information to tax authorities, EU court adviser says

Short-term accommodation services company Airbnb is obliged to provide information in rental contracts to tax authorities, an adviser to Europe's top court said on Thursday, in another potential legal setback in Europe for the company.

Canadian dollar outlook turns less cheerful as recession fears mount

The Canadian dollar will gain less ground than previously thought over the coming year as the growing risk of a global economic slowdown bolsters demand for safe-haven currencies such as the U.S. dollar, a Reuters poll showed.

Bond investors see U.S. inflation higher for longer- Russell survey

Fixed income managers expect U.S. inflation to stay above the Federal Reserve's 2% target for longer, with two-thirds of investors surveyed by Russell Investments expecting core inflation between 3% and 4.5% over the next 12 months.

Valuations of Asian stocks hit lowest since March 2020

Valuations of Asian equities dropped for a third straight month in June and hit their lowest since the start of the pandemic, as regional equity markets plunged on concerns over a global recession and aggressive rate hikes by major central banks.

SAS pilot strike grounds flights, exacerbating airline's troubles

Hundreds of SAS flights were cancelled on Thursday as the airline wrestled with a strike by pilots at its main SAS Scandinavia arm, overshadowing a traffic surge during June.

U.S. awards $968.6 million for airport terminal projects

The U.S. Transportation Department on Thursday awarded $968.6 million to 85 airport projects to address the country's aging and often mocked aviation infrastructure.

China IPO applications jump, bucking global trend, as COVID curbs ease

A spike in listing applications from Chinese companies in June has nearly doubled China's IPO candidates to almost 1,000, the highest in at least three years, potentially making the country a bright spot for bankers as equity offerings slow in other markets.

Equinor sees Q2 gas derivatives gain of up to $550 mln

Norway's Equinor said on Thursday its second-quarter results would be positively impacted by between $400 million and $550 million from trade in natural gas derivatives used to hedge its physical deliveries.

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