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Nasdaq, S&P 500 futures pop as Nvidia fuels chip stocks rally

US STOCKS-Nasdaq, S&P 500 futures pop as Nvidia fuels chip stocks rally For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Futures: Dow flat, S&P up 0.46%, Nasdaq up 0.80% May 23 (Reuters) - Futures tracking the tech-heavy Nasdaq and the benchmark S&P 500 climbed on Thursday as chip stocks rallied after Nvidia's upbeat revenue forecast cemented investor optimism around the meteoric rise of artificial intelligence technology.
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Technical Analysis – Can Nvidia unlock 1,000 level?

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Mondelez fined $366 mln by EU for cross-border trade curbs

UPDATE 1-Mondelez fined $366 mln by EU for cross-border trade curbs Adds detail and Vestager and Mondelez comment By Foo Yun Chee BRUSSELS, May 23 (Reuters) - Oreo maker Mondelez International MDLZ.O was fined 337.5 million euros ($365.7 million) by EU antitrust regulators on Thursday for impeding cross-border trade of chocolate, biscuits and coffee products between EU countries.
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Cytokinetics declines on pricing of public offering

BUZZ-Cytokinetics declines on pricing of public offering ** Shares of Cytokinetics CYTK.O fall 14.7% to $50.55 in premarket trading ** Co, after markets closed on Tuesday , offered 9.8 million shares of common stock at $51 per share ** Offering priced at ~14% discount since last closing price ** CYTK enters expanded funding deal with Royalty Pharma

UK's Johnson Matthey misses full-year revenue estimates on lower precious metal prices

UPDATE 1-UK's Johnson Matthey misses full-year revenue estimates on lower precious metal prices Rewrites throughout with details, background, share moves and CEO comments By Echha Jain May 23 (Reuters) - Johnson Matthey JMAT.L (JM) missed market expectations for full-year revenue and pretax profit on Thursday, hurt by lower prices for platinum group metals, although the company expects that to remain stable in the near-to-medium term.
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Deutsche Bank Says It Returns To Japanese Yen Market With Multi Tranche Bond Issuance

BRIEF-Deutsche Bank Says It Returns To Japanese Yen Market With Multi Tranche Bond Issuance May 23 (Reuters) - DEUTSCHE BANK AG DBKGn.DE : RETURNS TO JAPANESE YEN MARKET WITH MULTI TRANCHE BOND ISSUANCE THIS IS DEUTSCHE BANK'S FIRST ACCESS TO FINANCING IN JPY MARKET IN 9 YEARS SINCE 2015 ISSUED EURO-YEN-DENOMINATED BONDS OF 64.3 BILLION JAPANESE YE
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Volkswagen CFO: in concrete discussions over car partnerships in India

UPDATE 1-Volkswagen CFO: in concrete discussions over car partnerships in India Adds CFO comments, context in paragraph 3, 4 MUNICH, May 23 (Reuters) - Volkswagen VOWG_p.DE is in concrete talks about partnering up on passenger car production in India, the group's finance chief said on Thursday, adding it was tough to earn money in the market that still presents a "clear" opportunity.
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Street View: DuPont three-way split favorable, aims to unlock value through focus

BUZZ-Street View: DuPont three-way split favorable, aims to unlock value through focus ** Chemical maker DuPont De Nemours DD.N will split into three publicly traded companies, looking to unlock value and pursue focused growth ** DD also names CFO Lori Koch as CEO from June 1, replacing current top boss Ed Breen who will join the company's board **

Nasdaq, S&P 500 futures pop as Nvidia fuels chip stocks rally

US STOCKS-Nasdaq, S&P 500 futures pop as Nvidia fuels chip stocks rally For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Futures: Dow flat, S&P up 0.46%, Nasdaq up 0.80% May 23 (Reuters) - Futures tracking the tech-heavy Nasdaq and the benchmark S&P 500 climbed on Thursday as chip stocks rallied after Nvidia's upbeat revenue forecast cemented investor optimism around the meteoric rise of artificial intelligence technology.
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Wartsila Converts Two Scandlines Ferries To Plug-In Hybrid

BRIEF-Wartsila Converts Two Scandlines Ferries To Plug-In Hybrid May 23 (Reuters) - Wartsila Oyj Abp WRT1V.HE : TO CONVERT TWO SCANDLINES FERRIES TO PLUG-IN HYBRID OPERATION WILL SUPPLY ELECTRICAL SYSTEMS NEEDED TO CONVERT TWO SCANDLINES FERRIES TO A PLUG-IN HYBRID SOLUTION Source text for Eikon: [ID:] Further company coverage: WRT1V.HE (Gdansk New
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EU's Vestager warns of higher prices, fewer frequencies in Lufthansa, ITA deal

EU's Vestager warns of higher prices, fewer frequencies in Lufthansa, ITA deal BRUSSELS, May 23 (Reuters) - Lufthansa's LHAG.DE bid to acquire a stake in Italian state-owned carrier ITA could lead to price hikes and fewer frequencies for passengers, EU antitrust chief Margrethe Vestager said on Thursday. "It is for the emerging companies to set how to prevent this from happening.
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Activist investor asks Rio Tinto to give up London listing, FT reports

Activist investor asks Rio Tinto to give up London listing, FT reports May 23 (Reuters) - A UK-based activist investor has called for Rio Tinto RIO.AX , RIO.L to abandon its London listing and unify its corporate structure in Australia instead, the Financial Times reported on Thursday. Palliser Capital, which has taken up a stake in Rio Tinto, said that the metals and mining behemoth's dual corporate structure is a "barrier to its strategic plans, which made it difficult to do major acquisitions
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China Vanke granted $2.8 bln onshore syndicated loan facility

China Vanke granted $2.8 bln onshore syndicated loan facility HONG KONG, May 23 (Reuters) - Cash-strapped major property developer China Vanke 2202.HK 000002.SZ said on Thursday it had received a 20 billion yuan ($2.76 billion) syndicated loan facility and it would continue to push forward other financing to boost its liquidity. The facility came after regulators in March asked financial firms and creditors to step up financing support for the Shenzhen state-backed developer in a rare interventi

China stocks drag EM shares lower, FX muted

EMERGING MARKETS-China stocks drag EM shares lower, FX muted India's Nifty 50 hits record high Turkey rate decision awaited China launches 'punishment' war games around Taiwan EM stocks down 0.3% By Shashwat Chauhan May 23 (Reuters) - A gauge for emerging market stocks slipped on Thursday as escalating geopolitical tensions dragged heavyweight Chinese shares lower, while hawkish minutes from the U.S.
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From tax to homes, UK's Conservatives and Labour make economy a battleground for election

RPT-FACTBOX-From tax to homes, UK's Conservatives and Labour make economy a battleground for election Repeats story first published on 22 May LONDON, May 22 (Reuters) - British Prime Minister Rishi Sunak's Conservatives and the opposition Labour Party will focus on the economy as they ramp up their campaigning for a July 4 national election. Sunak said on Wednesday that "brighter days" lay ahead after data showed Britain's inflation rate had fallen to close to 2%.

Italy's Iccrea gets regulatory OK to life JV with BNP Paribas Cardif

Italy's Iccrea gets regulatory OK to life JV with BNP Paribas Cardif MILAN, May 23 (Reuters) - Italy's insurance regulator has cleared in recent days the agreement between Iccrea Banca and French insurer BNP Paribas Cardif BNPP.PA , the head of the cooperative banking group said on Thursday. In November last year, BNP Paribas Cardif agreed to buy 51% of BCC Vita, the life insurance business of unlisted banking group Iccrea, signing a 15 year distribution accord, with an option to buy a further 1
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India's Page Industries falls on Q4 earnings miss

BUZZ-India's Page Industries falls on Q4 earnings miss ** Shares of Jockey International licencee Page Industries PAGE.NS down 2.2% to 35,520.4 rupees ** The apparel co's March-qtr profit, revenue miss estimates - LSEG data ** Stock down 1.6% before results ** Analysts' avg rating on stock is "hold", median PT is 39,400.5 rupees ** Including sessio

Ackermans & Van Haaren shares slip, analysts point to 'irregularities' at Medikabazaar

BUZZ-Ackermans & Van Haaren shares slip, analysts point to 'irregularities' at Medikabazaar ** Shares in Ackermans & Van Haaren ACKB.BR fall 4.4 % after the Belgium-listed holding flags "financial irregularities" at medical equipment business Medikabazaar, where the group holds a 8.9% stake ** The board of Medikabazaar has recently been made aware
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Mamoura Receives Over $3 Bln In Orders For Its 10-Year Formosa Bonds - IFR

BRIEF-Mamoura Receives Over $3 Bln In Orders For Its 10-Year Formosa Bonds - IFR May 23 (Reuters) - IFR : MAMOURA RECEIVES OVER $3 BILLION IN ORDERS FOR ITS 10-YEAR FORMOSA BONDS - IFR

India's Adani Enterprises up on report of possible addition to BSE index

BUZZ-India's Adani Enterprises up on report of possible addition to BSE index ** Shares of Adani Enterprises ADEL.NS up 6.2% to 3,335.9 rupees, highest price since Jan. 27, 2023 ** ADEL stock 3.1% down from close on Jan. 24, 2023, before Hindenburg report ** Co could be added to S&P BSE Sensex index .BSESN in the semi-annual rejig of BSE indexes on

Polish retail sales grow less than expected in April

CEE ECONOMY-Polish retail sales grow less than expected in April WARSAW, May 23 (Reuters) - Polish retail sales PLRSCO=ECI grew less than expected in April, statistics office data showed on Thursday, as consumers in the country bordering Ukraine remained cautious and reined in spending after Easter. Retail sales, at constant prices, grew by 4.1% year-on-year in April.

Key euro zone wage indicator picks up, bolstering case for ECB caution

Key euro zone wage indicator picks up, bolstering case for ECB caution FRANKFURT, May 23 (Reuters) - Negotiated pay growth in the euro zone picked up slightly in the first quarter of 2024, European Central Bank figures showed on Thursday, bolstering the case for caution in cutting interest rates from record highs. Negotiated wages in the 20 nation currency bloc rose by 4.69% in the first quarter after 4.45 % in the previous three months, as unions continued to demand compensation for real income



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