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French budget and German prices grab spotlight

MORNING BID EUROPE-French budget and German prices grab spotlight A look at the day ahead in European and global markets from Ankur Banerjee German inflation data and France's budget conundrum will take centre stage on Thursday as investors fret about the economic and political stability of the regional powerhouses while the spectre of U.S. tariffs looms large across Europe.
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Indian IT stocks drop on US rate cut concerns

BUZZ-Indian IT stocks drop on US rate cut concerns ** Shares of Indian information technology stocks .NIFTYIT shed 1%, the most on benchmark Nifty 50 index .NSEI , which is down 0.6% ** All 10 constituents of IT index in red; Infosys INFY.NS sheds 1%, while TCS TCS.NS and HCLTech HCLT.NS down 0.5% each ** INFY, Tech Mahindra TEML.NS , HCLT among top 5 pct losers on Nifty 50 ** Overnight, U.S.
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French budget and German prices grab spotlight

MORNING BID EUROPE-French budget and German prices grab spotlight A look at the day ahead in European and global markets from Ankur Banerjee German inflation data and France's budget conundrum will take centre stage on Thursday as investors fret about the economic and political stability of the regional powerhouses while the spectre of U.S. tariffs looms large across Europe.
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Asia's November crude oil imports nudge higher, still heading for annual fall: Russell

COLUMN-Asia's November crude oil imports nudge higher, still heading for annual fall: Russell The views expressed here are those of the author, a columnist for Reuters. By Clyde Russell LAUNCESTON, Australia, Nov 28 (Reuters) - Asia's imports of crude oil ticked up slightly in November, led by a recovery by top importer China, but arrivals are still on track to be weaker this year than in 2023. The top crude-buying region is forecast to import 26.42 million barrels per day (bpd) in November, up

China stocks drop on heightened trade tensions, automakers' price war

China stocks drop on heightened trade tensions, automakers' price war By Summer Zhen HONG KONG, Nov 28 (Reuters) - China and Hong Kong stocks resumed their downtrend on Thursday after a rebound in the previous session, weighed down by subdued sentiment as investors feared an escalation of the trade war with the U.S. and a further ban on chip sales to China.
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StanChart's HK shares hit 9-year peak on mulling sales of some Africa operations

BUZZ-StanChart's HK shares hit 9-year peak on mulling sales of some Africa operations ** Hong Kong shares of Standard Chartered (StanChart) 2888.HK jump 2.2% to HK$95.90, their highest since August 2015 ** Stock on track for the biggest one-day pct rise since Oct. 30 ** Standard Chartered STAN.L is exploring a potential divestment of its wealth and
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ECB'S LAGARDE SAYS GOING FORWARD, THE SCOPE OF THE US TARIFFS WILL BE REALLY FT

ECB's Lagarde says trade war in 'nobody's interest', FT reports Nov 28 (Reuters) - European Central Bank President Christine Lagarde told the Financial Times that a trade war at large would be a "net negative for all" and not just for the targets of U.S. tariffs. "This can be in nobody's interest, neither for the United States nor for Europe, or anyone for that matter.

Pakistan's benchmark share index crosses 100,000 for first time

UPDATE 1-Pakistan's benchmark share index crosses 100,000 for first time Adds details, quotes; paragraphs 2-6 KARACHI, Nov 28 (Reuters) - Pakistan's benchmark share index .KSE breached 100,000 points for the first time on Thursday in early trade. The market has jumped from 40,000 to 100,000 in 17 months, said Mohammed Sohail, CEO of Topline Securities, with a $7 billion bailout in September from the International Monetary Fund and new-found fiscal and monetary discipline improving investor senti

Russia's plane shortage holds air travel back as wartime wages drive demand

FOCUS-Russia's plane shortage holds air travel back as wartime wages drive demand Western planes dominate Russia's passenger aircraft fleet Domestic pipeline has slowed, new plane delivery delayed Russians spending higher wages on air travel, data shows Turkey, China, CIS, UAE becoming more popular destinations By Gleb Stolyarov and Alexander Marrow Nov 28 (Reuters) - As Russia's war effort fuels economic growth and drives up wages, air travel has been on the rise too, with Russians defying West
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South Korea export growth seen at 14-month low amid US tariff uncertainty

POLL-South Korea export growth seen at 14-month low amid US tariff uncertainty Exports forecast at +2.8% y/y in Nov (vs +4.6% in Oct) Chip demand robust, but other sectors weak US tariff uncertainty weighing on domestic firms -economists Poll data By Jihoon Lee SEOUL, Nov 28 (Reuters) - South Korea's export growth is expected to have slowed for a fourth straight month in November and to be the weakest in 14 months on slowing demand in the United States amid tariff policy uncertainty, a Reuters p

Italy - Factors to watch on Nov. 28

Italy - Factors to watch on Nov. 28 The following factors could affect Italian markets on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY ISTAT releases November consumer and business confidence data (0900 GMT) and October producer prices data (1000 GMT).
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India's Ashoka Buildcon rises on winning project worth nearly 2 bln rupees

BUZZ-India's Ashoka Buildcon rises on winning project worth nearly 2 bln rupees ** Shares of highway developer Ashoka Buildcon ABDL.NS rise as much as 3.3% to 242.8 rupees ** Highway developer wins an engineering, procurement and construction project worth 1.93 bln rupees ($22.9 mln) from Madhya Pradesh Poorv Kshetra Vidyut Vitaran Company ** ABDL

Indonesia rupiah gains on local elections, Asian equities downbeat

EMERGING MARKETS-Indonesia rupiah gains on local elections, Asian equities downbeat Rupiah gains up to 0.5% Manila stocks hit 2-week low Bank of Korea surprises with rate cut By Adwitiya Srivastava Nov 28 (Reuters) - The Indonesian rupiah led gains among mixed emerging Asian currencies on Thursday as results of local elections eased worries about political uncertainty, while the central bank continues to support the currency.
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Indonesia rupiah gains on local elections, Asian equities downbeat

EMERGING MARKETS-Indonesia rupiah gains on local elections, Asian equities downbeat Rupiah gains up to 0.5% Manila stocks hit 2-week low Bank of Korea surprises with rate cut By Adwitiya Srivastava Nov 28 (Reuters) - The Indonesian rupiah led gains among mixed emerging Asian currencies on Thursday as results of local elections eased worries about political uncertainty, while the central bank continues to support the currency.
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India's finance ministry evaluating windfall tax, govt source says

India's finance ministry evaluating windfall tax, govt source says NEW DELHI, Nov 28 (Reuters) - India's finance ministry was evaluating the relevance of windfall tax, a federal government source said on Thursday. The federal finance ministry will evaluate scrapping windfall tax on domestic crude oil output, Tarun Kapoor, adviser to the Indian prime minister, said last month.

Landslides in Indonesia's Sumatra kill at least 27, rescuers search for missing

Landslides in Indonesia's Sumatra kill at least 27, rescuers search for missing JAKARTA, Nov 28 (Reuters) - Indonesian rescuers are searching for passengers trapped in a minibus buried in mud after flash floods and landslides hit several locations in North Sumatra province, killing at least 27, an official said on Thursday. Torrential rain in the province since last week had caused flash floods and landslides in four different districts, Indonesia's disaster agency has said.

Oil slips on buildup in US gasoline stocks; eyes on weekend OPEC+ meeting

UPDATE 1-Oil slips on buildup in US gasoline stocks; eyes on weekend OPEC+ meeting Brent and WTI both down 0.2% US gasoline stocks rose last week, against expectations OPEC+ likely to defer hikes, analysts, market participants say Recasts, updates prices, adds analysts' comments and bullets By Siyi Liu SINGAPORE, Nov 28 (Reuters) - Oil prices drifted lower on Thursday after a surprise jump in U.S.
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Factors to watch - November 28

MIDEAST - Factors to watch - November 28 Here are some factors that may affect Middle East stock markets on Thursday. Reuters has not verified the press reports and does not vouch for their accuracy. INTERNATIONAL/REGIONAL * GLOBAL MARKETS-Asian stocks subdued, dollar drifts ahead of US Thanksgiving MKTS/GLOB * Oil edges lower after jump in US gaso

China's state media praise some US firms amid fears of a new trade war

UPDATE 1-China's state media praise some US firms amid fears of a new trade war Apple, Tesla and Starbucks praised in Chinese state media Commentary reminiscent of trade war during Trump's first term At that time, China threatened with the Unreliable Entity List Adds background, comments from China-based U.S. corporate executive and an analyst in paragraphs 8-13 By Joe Cash BEIJING, Nov 28 (Reuters) - China's state media have praised some U.S.
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Indian shares inch higher, led by Adani stocks, HDFC Bank

INDIA STOCKS-Indian shares inch higher, led by Adani stocks, HDFC Bank Updates for market open Nov 28 (Reuters) - Indian shares inched higher on Thursday, led by Adani Group stocks and heavyweight HDFC Bank HDBK.NS , while IT firms slipped amid resurgent uncertainties over the trajectory of U.S. interest rate cuts. The NSE Nifty 50 .NSEI was up 0.09% at 24,296.8 points as of 9:54 a.m.

African Markets - Factors to watch on Nov 28

African Markets - Factors to watch on Nov 28 NAIROBI, Nov 28 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. - - - - - EVENTS: *ZIMBABWE - The finance minister is due to unveil the government's 2025 budget. GLOBAL MARKETS Asian shares were subdued on Thursday and the dollar was on the defensive after U.S.
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