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As Nasdaq nears its highs, traders wait with bated "breadth"

LIVE MARKETS-As Nasdaq nears its highs, traders wait with bated "breadth" Nasdaq 100, S&P 500 futures higher, Dow dip Sep building permits Euro STOXX 600 index up ~0.2% Dollar, crude dip; gold gains; bitcoin up >1% U.S. 10-Year Treasury yield edges down to ~4.08% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters.
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Spanish hotels win 2024's tourism bounce-back - BofA

LIVE MARKETS-Spanish hotels win 2024's tourism bounce-back - BofA STOXX 600 up 0.2% Luxury, miners lead gains China Q3 GDP in focus 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 SPANISH HOTELS WIN 2024'S TOURISM BOUNCEBACK - BOFA Global tourism is now back to 96% of its pre-COVID levels.
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U.S. small-caps in favourable set-up

LIVE MARKETS-U.S. small-caps in favourable set-up 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 U.S. SMALL-CAPS IN FAVOURABLE SET-UP U.S.
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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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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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Investor tax hikes may hurt UK plc more than the super-rich

ANALYSIS-Investor tax hikes may hurt UK plc more than the super-rich Small companies lack affordable equity capital Billions of pounds in investment firepower held in cash Ultra-rich investors threaten to leave to avoid higher tax By Sinead Cruise and Naomi Rovnick LONDON, Oct 18 (Reuters) - Higher capital gains taxes (CGT) could give Britain's risk-averse savers further cause to shun UK stocks, fund managers and advisers say, potentially damaging Britain's economy more than a threatened exodus
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What to expect in 2024: Forecasts for GDP, inflation and other assets

FACTBOX-What to expect in 2024: Forecasts for GDP, inflation and other assets Updates with Citigroup's EUR/USD forecast Oct 17 (Reuters) - The U.S. Federal Reserve finally cut its interest rate by an oversized 50 basis points (bps) in its Sept 17-18 meeting that Chair Jerome Powell said was meant to show policymakers' commitment to sustaining a low unemployment rate now that inflation had eased.
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Goldman, Citi among 22 banks on CD&R’s buyout of Sanofi unit - Bloomberg News

MEDIA-Goldman, Citi among 22 banks on CD&R’s buyout of Sanofi unit - Bloomberg News -- Source link: https://tinyurl.com/kk8h626c -- Note: Reuters has not verified this story and does not vouch for its accuracy
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Barclays held a 5.13% indirect stake in Italy's MPS as of Oct. 7, filing shows

BRIEF-Barclays held a 5.13% indirect stake in Italy's MPS as of Oct. 7, filing shows Oct 16 (Reuters) - Banca Monte dei Paschi di Siena BMPS.MI , Italy's market regulatore CONSOB says in a filing: BARCLAYS HELD A 5.127% STAKE IN BANCA MONTE DEI PASCHI AS OF OCT. 7, INCLUDING 4.2% IN LONG POSITIONS - REGULATORY FILING Further company coverage: BMPS.
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LVMH sales fall 3% as China demand for luxury goods worsens

UPDATE 3-LVMH sales fall 3% as China demand for luxury goods worsens Fashion and leather goods division sees 5% sales decline Chinese consumer confidence at pandemic era lows, CFO says But says company still believes in the market's future Adds comments from CFO in paragraphs 6 and 11, investor comment in paragraph 8 By Mimosa Spencer and Dominique Patton PARIS, Oct 15 (Reuters) - French luxury giant LVMH LVMH.PA reported a 3% fall in third-quarter sales on Tuesday, undershooting estimates in it
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Goldman Sachs profit beats estimates as bond sales boost investment banking

UPDATE 6-Goldman Sachs profit beats estimates as bond sales boost investment banking Investment banking fees jump 20% Provisions for credit losses rise Asset, wealth unit oversees record $3.1 trillion Adds CEO quote in paragraph 4, CFO quote in paragraphs 9-10 By Saeed Azhar and Niket Nishant Oct 15 (Reuters) - Goldman Sachs' GS.N profit b eat estimates in the third quarter, fueled by a rebound in bond sales, stock offerings and mergers that sent its shares up more than 3% o n Tuesday .
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Goldman Sachs profit jumps 45% on investment banking strength

Goldman Sachs profit jumps 45% on investment banking strength Oct 15 (Reuters) - Goldman Sachs' GS.N profit jumped 45% in the third quarter as the investment bank benefited from a rebound in dealmaking. It joined JPMorgan Chase JPM.N , which also gained from an investment banking revival, as corporate clients became more confident in the economic outlook, spurring debt and equity offerings.
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What to expect in 2024: Forecasts for GDP, inflation and other assets

FACTBOX-What to expect in 2024: Forecasts for GDP, inflation and other assets Updates with Goldman Sachs and UBS Global Research S&P targets, BofA and Deutsche Bank 10-year yield targets, FX forecasts from BofA, UBS and Citigroup and GDP forecasts from Deutsche Bank, BofA and Goldman Sachs Oct 15 (Reuters) - The U.S. Federal Reserve finally cut its interest rate by an oversized 50 basis points (bps) in its Sept 17-18 meeting that Chair Jerome Powell said was meant to show policymakers' commitmen
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Mankind Pharma sees strong demand for debut bond, bankers say

UPDATE 2-India New Issue-Mankind Pharma sees strong demand for debut bond, bankers say Updates paragraph 10 with responses from bankers By Dharamraj Dhutia and Bhakti Tambe MUMBAI, Oct 15 (Reuters) - Indian mutual funds were large buyers for a maiden bond issue from Mankind Pharma MNKI.NS , three bankers, including one directly involved in the deal, said on Tuesday.
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Barclays challenges motor finance ruling as UK watchdog's redress scheme looms

Barclays challenges motor finance ruling as UK watchdog's redress scheme looms By Sam Tobin LONDON, Oct 15 (Reuters) - Barclays BARC.L on Tuesday asked London's High Court to overturn a key ruling on motor finance commission in a case expected to affect a potential billion pound-plus consumer redress scheme from Britain's finance watchdog. The case comes after the Financial Conduct Authority said in January that it would examine the motor finance market over concerns about so-called discretionar
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UK's Paragon Banking sinks after Jefferies cuts to 'hold'

BUZZ-UK's Paragon Banking sinks after Jefferies cuts to 'hold' ** Shares of UK's Paragon Banking Group PAGPA.L fall as much as 7% to 716.5p after Jefferies cut stock to "hold" from "buy", and PT to 780p from 875p ** Stock hits 5-month low; top pct loser on FTSE 250 index .FTMC ** Brokerage says, despite cheap valuations, co is less appealing due to
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U.S. Cadence Design Systems, Equity Bancshares, S&P Global

U.S. RESEARCH ROUNDUP- Cadence Design Systems, Equity Bancshares, S&P Global Oct 15 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Cadence Design Systems, Equity Bancshares and S&P Global, on Tuesday. HIGHLIGHTS * APA Corporation APA.O : Piper Sandler cuts target price to $28 from $29 * Cadence Design Systems Inc CDNS.O : Berenberg initiates coverage with buy rating * Equity Bancshares Inc EQBK.N : Stephens raises t
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Dutch government to cut stake in ABN Amro to 30%

UPDATE 1-Dutch government to cut stake in ABN Amro to 30% Adds more detail, and background throughout AMSTERDAM, Oct 15 (Reuters) - The Dutch government intends to reduce its stake in lender ABN Amro ABNd.AS to approximately 30% through a trading plan, it said in a statement on Tuesday. The Dutch state currently holds 40.5% of ABN Amro's shares. ABN Amro, one of three dominant banks in the Netherlands, was nationalized during the 2008 financial crisis, and was re-privatized in 2015. The state he
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Bodycote, Natwest Group, TAG Immobilien

EUROPE RESEARCH ROUNDUP-Bodycote, Natwest Group, TAG Immobilien Oct 15 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Bodycote, Natwest Group and TAG Immobilien, on Tuesday. HIGHLIGHTS * Bodycote Plc BOY.L : RBC raises to outperform from sector perform * Delivery Hero SE DHER.DE : Citigroup cuts to neutral from buy * Natwest Group Plc NWG.L : Jefferies raises to buy from underperform * Paragon Banking PAGPA.L : Jefferies cuts to h
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GM, Barclays sign long-term credit card partnership agreement

UPDATE 2-GM, Barclays sign long-term credit card partnership agreement Adds details on credit card partnerships in paragraphs 2,3 Oct 14 (Reuters) - General Motors GM.N and Barclays BARC.L said on Monday they have signed a long-term credit card partnership agreement to let customers earn and redeem reward points on new Buicks, Cadillacs and other GM cars, including electric vehicles.
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