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UK house prices post biggest annual fall since October 2023, Lloyds says

UK house prices post biggest annual fall since October 2023, Lloyds says

LONDON, Nov 6 (Reuters) - British house prices fell last month at the fastest annual pace since October 2023, data from mortgage lender Lloyds showed on Friday, adding to signs of waning momentum as surging mortgage costs caused by the Iran war squeezed prospective buyers.
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Markets fret over growth and inflation despite easing oil prices

Markets fret over growth and inflation despite easing oil prices

By Sophie Kiderlin, Canan Sevgili and Stefano Rebaudo LONDON, Nov 6 (Reuters) - Uncertainty over the growth outlook and expectations that inflation will remain elevated next year are weighing on global markets, even as hopes of a de-escalation in the Iran war have eased oil prices.
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Markets fret over growth and inflation, just as tech rout gains speed

Markets fret over growth and inflation, just as tech rout gains speed

By Sophie Kiderlin, Canan Sevgili and Stefano Rebaudo LONDON, Nov 6 (Reuters) - Uncertainty over the growth outlook and expectations that inflation will remain elevated next year are weighing on global markets, even as hopes of a de-escalation in the Iran war have eased oil prices.
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Analysis-Trader angst pivots from inflation to growth as tech rout deepens

Analysis-Trader angst pivots from inflation to growth as tech rout deepens

By Dhara Ranasinghe and Karin Strohecker LONDON, Nov 6 (Reuters) - The rout in tech stocks further clouds the outlook for a global economy bolstered by the AI boom, leaving traders questioning whether central banks will have scope for further interest rate hikes to contain an Iran war-induced energy
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AI rout sets off market alarm signals as traders brace for what's next

AI rout sets off market alarm signals as traders brace for what's next

By Harry Robertson and Dhara Ranasinghe LONDON, Nov 6 (Reuters) - A rout in technology stocks as confidence in the AI trade falters could test the resilience of global financial markets from New York to Taipei.
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Dollar little changed as oil prices bounce, payrolls eyed

Dollar little changed as oil prices bounce, payrolls eyed

By Chuck Mikolajczak NEW YORK, Nov 5 (Reuters) - The dollar index was roughly unchanged on Thursday, as oil prices rebounded following a sharp drop in the prior session and investors weighed the possibility of a slowdown in AI-related spending dampening economic growth.
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Global equity funds post seventh straight week of inflows

Global equity funds post seventh straight week of inflows

Nov 6 (Reuters) - Global equity funds attracted inflows for a seventh consecutive week through November 4, as major central banks held interest rates steady and crude oil prices declined, even as US and major Asian markets fell amid concerns over AI build-out costs.
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Morning Bid: Out of the blue

Morning Bid: Out of the blue

By Anna Szymanski Nov 6 (Reuters) - Markets had long been pricing in a "blue wave" in the United States midterm elections, but what they got was a deluge as Democrats regained control of the House and Senate in decisive fashion.
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Dollar jumps after strong US payrolls report

Dollar jumps after strong US payrolls report

By Chuck Mikolajczak NEW YORK, Nov 6 (Reuters) - The US dollar index surged on Friday and was poised for its biggest daily percentage gain in nearly five months after a stronger-than-expected US payrolls report solidified expectations for a rate hike from the Federal Reserve next month.
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US job growth surges in October; unemployment rate falls to 4.1%

US job growth surges in October; unemployment rate falls to 4.1%

By Lucia Mutikani WASHINGTON, Nov 6 (Reuters) - US job growth accelerated in October and the unemployment rate fell to 4.1%, suggesting that the labor market could be strengthening after stumbling in mid-summer and keeping the Federal Reserve on track to raise interest rates in December.
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US labor market regains ground as job growth surges, unemployment rate falls to 4.1%

US labor market regains ground as job growth surges, unemployment rate falls to 4.1%

By Lucia Mutikani WASHINGTON, Nov 6 (Reuters) - US job growth accelerated in October and the unemployment rate fell to 4.1%, suggesting that the labor market could be strengthening after stumbling in mid-summer and keeping the Federal Reserve on track to raise interest rates in December.
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Dollar index jumps after US payrolls beat forecasts

Dollar index jumps after US payrolls beat forecasts

By Chuck Mikolajczak NEW YORK, Nov 6 (Reuters) - The US dollar index jumped on Friday and was on pace for its biggest daily percentage gain in seven weeks as it extended gains after a stronger-than-expected US payrolls report.