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BP Posts RC Profit In Q3, Underlying RC Profit Beats View; Lifts FY22 Production Forecast

British energy major BP Plc reported Tuesday a replacement cost or RC profit in its third quarter, compared to a loss last year, on strong growth in sales revenue. Underlying RC profit beat market estimates. Further, the company announced $2.5 billion share buyback, which is intended to be executed prior to announcing its fourth-quarter results.
RTTNews | 813 gün önce
FTSE 100 Rises Led By Miners

FTSE 100 Rises Led By Miners

U.K. stocks rallied on Tuesday, with miners leading the surge amid reports that China is looking at ways to exit its zero-COVID policy.
RTTNews | 813 gün önce
CAC 40 Gains As Bond Yields Slide

CAC 40 Gains As Bond Yields Slide

French stocks rose sharply on Tuesday and bond yields declined as markets held out hopes that the U.S. Federal Reserve will soften its hawkish stance after delivering a widely expected 75-bps rate hike on Wednesday.
RTTNews | 813 gün önce
DAX Rallies Led By Banks

DAX Rallies Led By Banks

German stocks rallied on Tuesday, the U.S. dollar weakened, and Eurozone yields fell as focus shifted to a two-day policy meeting of the Federal Reserve that gets underway later today.
RTTNews | 813 gün önce
Asian Shares Rise Ahead Of Fed Meeting

Asian Shares Rise Ahead Of Fed Meeting

Asian stocks advanced on Tuesday, the dollar eased on improved risk sentiment and bond yields dipped as investors braced for a hefty rate hike from the Federal Reserve.
RTTNews | 813 gün önce
U.S. Dollar Weakens As Fed Decision In Focus

U.S. Dollar Weakens As Fed Decision In Focus

The U.S. dollar was lower against its major counterparts in the Asian session on Tuesday, as investors await the Federal Reserve's policy meeting for any indications of a slowdown in the pace of rate hikes in the coming months.
RTTNews | 813 gün önce
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European Economics Preview: UK Final Factory PMI Data Due

European Economics Preview: UK Final Factory PMI Data Due

Final factory Purchasing Managers' survey data from the UK is due on Tuesday, headlining a light day for the European economic news. At 3.00 am ET, Destatis is scheduled to issue Germany's import price data for September. Import price inflation is seen at 31.0 percent versus 32.7 percent in August.
RTTNews | 813 gün önce
China Manufacturing Activity Continues To Contract

China Manufacturing Activity Continues To Contract

China's manufacturing activity continued to shrink in October, albeit at a slower pace, as Covid-19 outbreaks and consequent tightening of prevention measures dampened production and demand. The Caixin manufacturing Purchasing Managers' Index rose to 49.2 in October from 48.1 in the previous month, data from S&P Global showed on Tuesday. Nonetheless, the score has remained below the neutral 50.0.
RTTNews | 813 gün önce
Australian Dollar Eases After RBA's Smaller Rate Hike

Australian Dollar Eases After RBA's Smaller Rate Hike

The Australian dollar retreated against its major counterparts in the Asian session on Tuesday, after the Reserve Bank of Australia raised interest rate by a modest 25 basis point for the second straight meeting.
RTTNews | 813 gün önce
Asian Markets Trading Mostly Higher

Asian Markets Trading Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, despite the broadly negative cues from Wall Street overnight, amid higher global bond yields even as traders are cautious as they await the US Fed's policy announcement on Wednesday. The Fed is widely expected to raise its benchmark interest rate by another 75 basis points, its fourth straight rate hike, to fight soaring inflation.
RTTNews | 813 gün önce

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