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German spot slightly up, French sees sharp gains

EUROPE POWER-German spot slightly up, French sees sharp gains FRANKFURT, July 3 (Reuters) - European spot power prices rose on Thursday, with the German market slightly higher due to a drop in wind supply, and France posting strong gains, narrowing its discount to Germany. LSEG research noted power demand increases in regions surrounding Germany among bullish factors, while higher solar output expectations in Germany and France weighed the supply-demand balance in the other direction.

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India's Kaya gains on collaboration with Marico

BUZZ-India's Kaya gains on collaboration with Marico ** Shares of Kaya KAYA.NS rise 10% to 499.5 rupees ** The skin and hair care products maker said late Wednesday it will collaborate with consumer goods maker Marico MRCO.NS which will exclusively handle sales and marketing of Kaya's products ** Shares of MRCO up 0.2% ** KAYA up ~48% so far this year, eyes best yearly gain since Dec.

Singapore fuel oil stockpiles inch up; net imports extend climb

Singapore fuel oil stockpiles inch up; net imports extend climb By Jeslyn Lerh SINGAPORE, July 4 (Reuters) - Onshore fuel oil stockpiles at key trading and storage hub Singapore edged up to a two-week high, with net imports recovering for a second straight week. Inventories STKRS-SIN inched 1.6% higher to 19.60 million barrels (3.09 million metric tons) in the week ended July 3, Enterprise Singapore data showed.

Smith & Nephew shares soar as activist Cevian builds stake

UPDATE 1-Smith & Nephew shares soar as activist Cevian builds stake Adds Cevian statement in paragraphs 3,5; other shareholdings in paragraphs 7 and 8 By Yadarisa Shabong July 4 (Reuters) - Shares in Smith & Nephew SN.L rose 6% on Thursday after activist investor Cevian Capital disclosed a 5% stake in the British medical equipment maker, a filing showed.
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German spot slightly up, French sees sharp gains

EUROPE POWER-German spot slightly up, French sees sharp gains FRANKFURT, July 3 (Reuters) - European spot power prices rose on Thursday, with the German market slightly higher due to a drop in wind supply, and France posting strong gains, narrowing its discount to Germany. LSEG research noted power demand increases in regions surrounding Germany among bullish factors, while higher solar output expectations in Germany and France weighed the supply-demand balance in the other direction.

Xi and Putin set out ambitions for Eurasian security club

UPDATE 1-Xi and Putin set out ambitions for Eurasian security club Adds context, details ASTANA, July 4 (Reuters) - Chinese President Xi Jinping urged members of a regional security club on Thursday to resist external meddling, while President Vladimir Putin was due to speak about creating a new Eurasian security system at the group's annual meeting.

Can France count on an ECB rescue if vote upsets markets?

EXPLAINER-Can France count on an ECB rescue if vote upsets markets? French bond yield spreads still seen as tight ECB wants cue from Brussels before acting Policymakers hope bond rescue can be avoided By Francesco Canepa and Balazs Koranyi SINTRA, Portugal, July 4 (Reuters) - The European Central Bank has faced questions about whether it would shore up France's rattled bond market ever since President Emmanuel Macron called a snap parliamentary election last month, raising the prospect of a far-

Japanese stocks gain biggest weekly foreign inflow in 2-1/2 months

Japanese stocks gain biggest weekly foreign inflow in 2-1/2 months July 4 (Reuters) - Foreign purchases boosted Japanese stocks last week amid a weakening yen and global enthusiasm for artificial intelligence-linked companies, which tempered concerns about the Bank of Japan's policy outlook. According to exchange data, cross-border investors snapped up Japanese stocks worth a net 604.93 billion yen in the week ending June 28, marking their largest weekly net purchase since April 12. Investors ac
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China condemns militia attack in Democratic Republic of Congo that killed its nationals

UPDATE 1-China condemns militia attack in Democratic Republic of Congo that killed its nationals Adds details of foreign ministry comments; paragraphs 3-7 BEIJING, July 4 (Reuters) - China has condemned a militia attack in the Democratic Republic of Congo that killed some of its citizens, and called for the perpetrators to be hunted down, the foreign ministry said on Thursday.

Pluxee's Q3 revenue miss drags shares

BUZZ-Pluxee's Q3 revenue miss drags shares Updates shares, adds comment on European revenue, additional milestones ** Shares in French voucher and benefits company Pluxee PLX.PA fall a bout 10 %, tracking their worst day ever if losses persist, after i ts Q3 revenue m issed expectations ** J.P.Morgan's Estelle Weingrod flags Q3 total operating revenue of 257 mln euros ($277.3 mln) below the company-provided consensus of 265 million, pointing to the effect of a discontinued public contract in Chi
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South African rand steady against dollar

South African rand steady against dollar JOHANNESBURG, July 4 (Reuters) - South Africa's rand was steady against the dollar on Thursday after the greenback slipped on rising expectations that U.S. interest rate cuts are near. At 0802 GMT, the rand traded at 18.4175 against the dollar ZAR=D3 , near its previous close of 18.4200. The dollar index =USD was last trading down 0.07% against a basket of currencies.
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China asks state firms to add some 60 mln bbls of oil to reserves, sources say

UPDATE 1-China asks state firms to add some 60 mln bbls of oil to reserves, sources say Adds details in paragraphs 3-5 SINGAPORE, July 4 (Reuters) - China's state oil companies have been told by the government to add 8 million metric tons , or nearly 60 million barrels , of crude oil to the country's emergency stockpiles to boost supply security, according to analytics firm Vortexa and trading sources.

London's FTSE 100 climbs on Smith & Nephew boost; UK polls underway

UPDATE 1-London's FTSE 100 climbs on Smith & Nephew boost; UK polls underway FTSE 100 up 0.6%, FTSE 250 adds 0.3% British election polls underway Smith & Nephew gains after Cevian Capital discloses stake For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window By Purvi Agarwal July 4 (Reuters) - London's FTSE 100 climbed on Thursday, boosted by gains in medical equipment company Smith & Nephew, while parliamentary polls in the country were underw
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Continental up more than 10% after Citi sees margins improve in Q2

Continental up more than 10% after Citi sees margins improve in Q2 July 4 (Reuters) - Shares in German auto parts maker Continental CONG.DE rose 10.7% on Thursday after Citi upgraded the company to "buy", saying it sees upside potential for the company's automotive and tire units. The broker updated its rating after Continental's pre-close call on Wednesday.
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Asian stocks, currencies rise on U.S. rate cut bets

EMERGING MARKETS-Asian stocks, currencies rise on U.S. rate cut bets . Taiwan shares hit record high Singapore stocks at highest level in over 2 yrs Investors eye basket of data, due Friday By Roshan Thomas July 4 (Reuters) - Asian currencies gained ground against a weaker dollar on Thursday, and equities climbed, with those in Taiwan touching a record high, as data suggested a cooling U.S.
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French meal voucher firm Pluxee shares drop on weak European sales

UPDATE 1-French meal voucher firm Pluxee shares drop on weak European sales Adds details, analyst comments, outlook from paragraph 2 July 4 (Reuters) - Shares in Pluxee PLX.PA dropped more than 9% on Thursday after the French meal voucher company reported weaker than expected third-quarter sales in Europe on Wednesday, overshadowing its second outlook hike of the year.
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Asian stocks, currencies rise on U.S. rate cut bets

EMERGING MARKETS-Asian stocks, currencies rise on U.S. rate cut bets Taiwan shares hit record high Singapore stocks at highest level in over 2 yrs Investors eye basket of data, due Friday Updates as of 0700 GMT By Roshan Thomas July 4 (Reuters) - Asian currencies gained ground against a weaker dollar on Thursday, and equities climbed, with those in Taiwan touching a record high, as data suggested a cooling U.S.
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India's Cochin Shipyard hits record high on block deals

BUZZ-India's Cochin Shipyard hits record high on block deals ** Shares of Cochin Shipyard COCH.NS rise as much as 9.4% to a record high of 2,665 rupees ** 766,630 shares change hands in 23 block deals at an avg price of 2,567 rupees per share, per LSEG data ** The avg price of the deals is at a more than 5% premium to stock's Wednesday closing pric

UK election risk to GBP, according to FX options

BUZZ-COMMENT-UK election risk to GBP, according to FX options July 4 (Reuters) - Implied volatility gauges FX realised volatility expectations and is a key component of an FX option premium. Overnight expiry GBP related implied volatility now includes the UK election and is therefore a bellwether for related FX volatility risk. Overnight GBP/USD implied volatility has averaged 7.5 over recent sessions - a premium/break-even of 40 USD pips in either direction for a simple vanilla straddle.
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Italy court trims sentences for US tourists over police officer's murder, again

UPDATE 1-Italy court trims sentences for US tourists over police officer's murder, again Adds police union quote in paragraph 9, Elder father's quote in paragraph 14 By Marco Carta ROME, July 4 (Reuters) - An Italian appeals court on Wednesday again reduced the prison terms imposed on two American tourists, who were originally given life sentences for the 2019 murder of a police officer in a case that shook Italy.

Asia Fuel Oil Tenders Summary-India's HPCL offers HSFO for late July, early Aug

Asia Fuel Oil Tenders Summary-India's HPCL offers HSFO for late July, early Aug SINGAPORE, July 4 (Reuters) - For tenders of crude and oil products, please click: Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA OUTSTANDING ASIA & MIDEAST FUEL OIL TENDERS ISSUER GRADE PORT VOLUME LAYCAN CLOSE India/HPCL



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