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BOE likely to raise rates further in 2027, Pill tells FT

BOE likely to raise rates further in 2027, Pill tells FT

Nov 14 (Reuters) - The Bank of England will probably need to raise interest rates further in 2027, over and above an increase at the next meeting in December, to combat inflation, Bank of England Chief Economist Huw Pill told the Financial Times in an interview published on Saturday.
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Europe's STOXX 600 hits record high on strong earnings, easing Mideast tensions

Europe's STOXX 600 hits record high on strong earnings, easing Mideast tensions

Nov 12 (Reuters) - Europe's benchmark STOXX 600 hit a record high on Thursday, boosted by strong corporate earnings, easing geopolitical tensions and investors rotating out of AI-linked stocks in Asia and the US.
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S&P 500, Nasdaq rise as CoreWeave results ease AI spending worries

S&P 500, Nasdaq rise as CoreWeave results ease AI spending worries

By Utkarsh Hathi and Tharuniyaa Lakshmi Nov 11 (Reuters) - The S&P 500 and the tech-heavy Nasdaq climbed on Wednesday after neocloud firm CoreWeave's strong earnings calmed investor jitters about bloated AI expenditure.
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S&P 500, Nasdaq rise over 1% as CoreWeave results calm AI spending jitters

S&P 500, Nasdaq rise over 1% as CoreWeave results calm AI spending jitters

By Utkarsh Hathi and Tharuniyaa Lakshmi Nov 11 (Reuters) - The S&P 500 and the tech-heavy Nasdaq climbed more than 1% on Wednesday after neocloud firm CoreWeave's solid earnings eased investor concerns about bloated AI expenditure, while Nvidia recovered some ground following a rout in the last two
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Dollar gains as hot inflation, hawkish Fed talk lift rate-hike bets

Dollar gains as hot inflation, hawkish Fed talk lift rate-hike bets

By Shashwat Chauhan Nov 11 (Reuters) - The dollar rose against most currencies on Wednesday, extending gains after inflation data and hawkish comments from Federal Reserve officials a day earlier fuelled bets that the US central bank will raise interest rates next month.
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Stocks rise on tech gains; Nvidia falls after hours

Stocks rise on tech gains; Nvidia falls after hours

By Caroline Valetkevitch and Danilo Masoni NEW YORK/MILAN, Nov 11 (Reuters) - Major stock indexes rose on Wednesday, led by gains in technology shares after an upbeat report from CoreWeave lifted optimism about the AI trade, and the dollar strengthened.
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Dollar firms as hot inflation, hawkish Fed talk lift rate-hike bets

Dollar firms as hot inflation, hawkish Fed talk lift rate-hike bets

By Shashwat Chauhan Nov 11 (Reuters) - The dollar rose against most currencies on Wednesday, extending gains after inflation data and hawkish comments from Federal Reserve officials a day earlier fuelled bets that the US central bank will raise interest rates next month.
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Wall St recovers as energy shares climb; Nvidia woes deepen

Wall St recovers as energy shares climb; Nvidia woes deepen

By Niket Nishant and Utkarsh Hathi Nov 12 (Reuters) - Wall Street's main indexes staged a turnaround on Thursday after higher oil prices lifted energy shares even as Nvidia CEO Jensen Huang's exit stirred concerns about the future of the AI heavyweight.
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Europe's STOXX 600 pulls back from record high as investors weigh earnings, oil prices

Europe's STOXX 600 pulls back from record high as investors weigh earnings, oil prices

By Johann M Cherian, Anjana Jayakrishnan Nair and Avinash P Nov 12 (Reuters) - Europe's benchmark STOXX 600 eased off a record high but still eked out a slim gain on Thursday, boosted by strong earnings and a rotation out of AI-linked stocks in Asia and the US.
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Wall Street set for higher open as CoreWeave results temper AI spending concerns

Wall Street set for higher open as CoreWeave results temper AI spending concerns

By Utkarsh Hathi and Tharuniyaa Lakshmi Nov 11 (Reuters) - The main US indexes were on track to open higher on Wednesday after neocloud firm CoreWeave's strong earnings assuaged investor worries about bloated AI expenditure.
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Wall Street edges up, Nvidia drops after CEO resigns

Wall Street edges up, Nvidia drops after CEO resigns

By Caroline Valetkevitch and Marc Jones NEW YORK/LONDON, Nov 12 (Reuters) - US stocks reversed early losses to trade slightly higher on Thursday even as Nvidia shares fell following CEO Jensen Huang's resignation. The 10-year US Treasury yield climbed back above 5%.
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Stocks gain as CoreWeave eases worries; dollar strengthens

Stocks gain as CoreWeave eases worries; dollar strengthens

By Caroline Valetkevitch and Danilo Masoni NEW YORK/MILAN, Nov 11 (Reuters) - Major stock indexes rose on Wednesday, led by gains in technology shares after an upbeat report from CoreWeave lifted optimism about the AI trade, and the dollar strengthened amid expectations for further Federal Reserve