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BoE speakers in focus after dovish turn in data

BUZZ-COMMENT-BoE speakers in focus after dovish turn in data Oct 18 (Reuters) - In the wake of softer inflationary pressures from the latest UK data, markets have grown receptive to the view that the Bank of England will follow in the footsteps of other central banks by easing policy rates at a faster pace. With a November cut having been near fully priced in prior to the data, the needle mover was the pricing for December, which now stands at 68% from 33%.
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Asian spot prices inch up amid emerging demand

GLOBAL LNG-Asian spot prices inch up amid emerging demand By Emily Chow SINGAPORE, Oct 18 (Reuters) - Asian spot liquefied natural gas (LNG) gained for the first time since end-August this week, supported by emerging spot demand across the region. The average LNG price for December delivery into north-east Asia LNG-AS rose to $13.50 per million British thermal units (mmBtu), industry sources estimated, its first weekly gain in six weeks.

Forward rates set for weekly fall as water level rises

NORDIC POWER-Forward rates set for weekly fall as water level rises Oct 18 (Reuters) - Nordic forward power contracts were headed for a weekly decline on Friday as water levels in the hydropower-reliant region rose, while lower European energy prices also weighed down the contracts. * Nordic front-quarter power contract ENOFBLQc1 fell 0.3 euros to 57.2 euros per megawatt hour (MWh) at 0949 GMT.

Asia Distillates-Market liquidity thins; more November refiner offers emerge

Asia Distillates-Market liquidity thins; more November refiner offers emerge SINGAPORE, Oct 18 (Reuters) - Asia's middle distillates markets went back to being quiet on Friday, after the past few sessions of upbeat spot trading liquidity, as traders mulled second-half November fundamentals. Trading momentum was largely upbeat through the week, both on the window and for refiner sales, as traders continued to factor in prompt supply tightness.

StanChart sells India personal loan business to Kotak Mahindra Bank

UPDATE 1-StanChart sells India personal loan business to Kotak Mahindra Bank Adds details on deal, executive comments and industry background from paragraph 2 onwards Oct 18 (Reuters) - Kotak Mahindra Bank KTKM.NS will buy Standard Chartered Bank's personal loan business in India, the Indian lender said on Friday, leaving the U.K.-based company to focus on its wealth and investment banking business in Asia's third-largest economy.
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Middle East Crude-Oman, Dubai rose, Murban dips

Middle East Crude-Oman, Dubai rose, Murban dips SINGAPORE, Oct 18 (Reuters) - Middle East crude benchmark premiums for Oman and Dubai climbed on Friday, while that for Murban fell slightly. Indian Oil Corp IOC.NS , the country's largest refiner, has bought 4 million barrels of U.S. West Texas Intermediate crude via a tender for January delivery, trade sources said.
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AmEx profit beats estimate on robust customer spending

UPDATE 1-AmEx profit beats estimate on robust customer spending Adds shares in paragraph 7 Oct 18 (Reuters) - American Express AXP.N reported third-quarter profit above Wall Street estimates on Friday, as higher spending on its cards offset a hit from bigger provisions for credit losses. The credit card giant has been relatively insulated from economic shocks as it caters to affluent customers, but some analysts see limited room for its market value to grow further given that the stock is alread
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SLB beats quarterly profit estimates on international business strength

UPDATE 1-SLB beats quarterly profit estimates on international business strength Adds shares, adds details paragraph 2 onwards Oct 18 (Reuters) - SLB SLB.N beat analysts' estimates for third-quarter profit on Friday, as the oilfield services provider benefited from steady demand for its drilling equipment and technology in its international markets and some offshore projects in North America.

P&G misses quarterly sales estimates on weakening demand in US, China

UPDATE 1-P&G misses quarterly sales estimates on weakening demand in US, China Adds shares in paragraph 2 and background in paragraph 3 Oct 18 (Reuters) - Procter & Gamble PG.N missed Wall Street expectations for first-quarter sales on Friday, as consumers in its major markets, the United States and China, switched to cheaper household and personal care brands.
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Palm falls on profit-taking, breaks four consecutive weekly gains

VEGOILS-Palm falls on profit-taking, breaks four consecutive weekly gains Updates closing price KUALA LUMPUR, Oct 18 (Reuters) - Malaysian palm oil futures booked a weekly loss on Friday due to profit-taking, though traders expect the Malaysian 2025 budget announcement and export data to support the market. The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange fell 21 ringgit, or 0.49%, to 4,257 ringgit ($989.54) a metric ton at the close.
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China's growth reprieve will be short-lived

RPT-BREAKINGVIEWS-China's growth reprieve will be short-lived The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Robyn Mak HONG KONG, Oct 18 (Reuters Breakingviews) - China may be on track to hit its "around 5%" economic GDP target for this year, but repeating the feat will get harder for policymakers. Third quarter growth logged in at 4.6% year-on-year, and that pace will need sustaining if the People's Republic is to achieve medium-level developed economy s

UK corporate earnings week ahead

DIARY-UK corporate earnings week ahead Oct 18 (Reuters) - Diary of U.K (.FTSE) corporate earnings for the week ahead UK EARNINGS Start Date Start Time(GMT) RIC Company Name Event Name 23-Oct-2024 11:00 BTRW.L Barratt Redrow PLC Barratt Redrow PLC Annual Shareholders Meeting 24-Oct-2024 06:00 BARC.L Barclays PLC Q3 2024 Barclays PLC Earnings Release 25-Oct-2024 NTS NWG.L NatWest Group PLC Q3 2024 NatWest Group PLC Interim Management Statement Release 25-Oct-2024 BMO AAF.L Airtel Africa PLC Half Y
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China’s smart cars will drive fast, but not far

RPT-BREAKINGVIEWS-China’s smart cars will drive fast, but not far The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Katrina Hamlin HONG KONG, Oct 18 (Reuters Breakingviews) - Enthusiasm for connected cars is about to get a challenging road test in what could be Hong Kong's biggest initial public offering of the year.
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Inflation is not dead, it’s just resting

RPT-BREAKINGVIEWS-Inflation is not dead, it’s just resting The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Edward Chancellor LONDON, Oct 18 (Reuters Breakingviews) - Over the past three years inflation has gone from “transitory” to “persistent” to, well, boring. Across the developed world annual price increases are returning towards the subdued 2% level targeted by many central banks.
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Gold miners rise as bullion extends rally on safe-haven demand

BUZZ-Gold miners rise as bullion extends rally on safe-haven demand ** U.S.-listed shares of gold miners rise in premarket trade as bullion crosses $2,700/ounce mark for the first time ** Spot gold XAU= up 0.7% at $2,710.63/oz, extending a rally driven by expectations of further monetary policy easing and safe-haven demand due to uncertainty about the U.S.

Mixed Q3 earnings won't derail equities - Barclays

LIVE MARKETS-Mixed Q3 earnings won't derail equities - Barclays STOXX 600 up 0.2% Luxury, miners lead gains China Q3 GDP disappoints Upside surprise in UK retail sales Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com MIXED Q3 EARNINGS WON'T DERAIL EQUITIES - BARCLAYS Q3 earnings season has got underway in earnest this week, with beats lower than usual and misses punished in Europe
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Sailing-America's Cup viewers get to 'see' wind shifts before crews

Sailing-America's Cup viewers get to 'see' wind shifts before crews By Alexander Smith BARCELONA, Oct 18 (Reuters) - As New Zealand and Britain set out to sea for their latest America's Cup head-to-head, both crews will be scanning the surface for wind shifts to gain an edge in the tricky Mediterranean conditions off Barcelona. Back ashore, viewers are able to track the breeze on screen thanks to a software developed by one of the America's Cup sponsors to try to attract a wider audience.

NATO's Rutte: Russia aims to derail Moldova's European path

NATO's Rutte: Russia aims to derail Moldova's European path BRUSSELS, Oct 18 (Reuters) - Russia wants to derail Moldova's European trajectory, NATO's Secretary General said on Friday. Moldavans will head to the polls on Sunday for a presidential election and an EU referendum , a crucial moment in the ongoing struggle between Russia and the West over the future Southeast European nation.

Indonesia to export EV battery material to US next month, minister says

UPDATE 1-Indonesia to export EV battery material to US next month, minister says Adds details and quotes in paragraph 2-6 JAKARTA, Oct 18 (Reuters) - Indonesia plans to export nickel-based material used to make electric vehicle batteries to the United States next month, its energy minister said on Friday. Bahlil Lahadalia said Indonesia would provide the material, known as EV battery precursor, to U.S.
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SLB beats quarterly profit estimates on international business strength

SLB beats quarterly profit estimates on international business strength Oct 18 (Reuters) - SLB SLB.N beat analysts' estimates for third-quarter profit on Friday, as the oilfield services provider benefited from steady demand for its drilling equipment and technology in its international markets. Excluding charges and credits, SLB posted a profit of 89 cents per share for the quarter ended September 30, compared to estimates of 88 cents, according to data compiled by LSEG.



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