September 23, 2023

La Ronge Northerner

Complete Canadian News World

Treasury yields, FTSE 100, DAX

Treasury yields, FTSE 100, DAX

56 minutes ago

European stocks open higher

European stock markets opened higher before extending gains in early trade, with the Stoxx 600 up 0.9% at 9:07 AM GMT.

All sectors posted gains and technology stocks rose 2%, after upbeat sessions in the US and Asia Pacific markets.

See chart…

Stoxx 600 index.

one hour ago

Ubisoft shares soared as the company joined Microsoft’s new Activision offering

French game company Ubisoft Entertainment rose 6.6% at 8:32 AM GMT, after Microsoft unexpectedly presented UK regulators with a new deal to acquire Activision Blizzard.

Under the restructured deal, Microsoft will not acquire the cloud rights to existing Activision PC and console games, or to new games released by Activision over the next 15 years. The rights will instead be transferred to Ubisoft prior to any acquisition.

Microsoft’s initial offer to buy the Call of Duty game juggernaut has been rejected by UK authorities. A decision on the new deal is scheduled for October. 18.

Read the full story here.

See chart…

Ubisoft stock price.

—Jenny Reed, Arjun Kharpal

2 hours ago

Gas strike talks in Australia: Discussions with the workforce have been constructive, says Woodside Energy

2 hours ago

European stocks: Here are the opening calls

European stock markets are set to open higher on Tuesday, according to data from IG.

The FTSE 100 is up 19.5 points at 7278, the German DAX is up 86.6 points at 15,683, and the French CAC 40 is up 39 points at 7,236.

7 hours ago

SoftBank shares climb after Arm files for listing

Shares of SoftBank Group rose as much as 3.36% on Tuesday after news that its chip unit Arm has filed for a Nasdaq listing.

Arm did not disclose the share price and therefore does not yet have a valuation for the listing, but Reuters said it is expected to be the “biggest of the year”.

SoftBank shares pared gains later in the session and are currently up 2.16%.

18 hours ago

The 10-year Treasury yield is at its highest level since 2007

US Treasury yields rose on Monday as investors remain concerned that interest rates may remain higher for longer than expected. The yield on the 10-year Treasury rose more than 9 basis points to 4.34%, trading near levels last seen in 2007.

– Piya Singh

8 hours ago

CNBC Pro: UBS Names the Stocks That Will Pull the Stoxx Europe 600 Down 10% This Year

13 hours ago

Allianz economist says Powell is likely to focus on short-term monetary policy in Wyoming

Federal Reserve Chairman Jerome Powell may not be focusing on what’s best for him in his remarks from Jackson Hole, Wyoming, later this week, according to Mohamed El-Erian, chief economic advisor to Allianz.

“It’s more likely that he will probably talk about short-term monetary policy issues,” El-Erian said on CNBC’s “Squawk on the Street.” “I don’t think that’s the best thing to do, because the situation is very delicate at the moment.”

However, El-Erian said the central bank chief could be helped in the “target-rich environment,” adding that there was “a lot” he could talk about.

– Alex Haring