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Growth bargains, upbeat earnings boost Wall Street

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Travelers up after reporting record quarterly profit * Baker Hughes jumps on posting Q4 profit * Netflix to report quarterly results after market close * Indexes up: Dow 1.21%, S&P 1.36%, Nasdaq 1.79% By Bansari Mayur Kamdar and Shreyashi
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Wall Street rallies as bond sell-off pauses, oil gains

* Stocks on Wall Street and in Europe gain * Crude oil prices initially slip then regain 2014 highs * China stocks gain after cut in benchmark mortgage rates * Risk of Russia-Ukraine flare up could weigh on markets -ING By Herbert Lash and Huw Jones NEW YORK/LONDON, Jan 20 (Reuters) - Bond yields backed off their rapid rise this week and Wall Stree
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German Bund yield slides back below 0%; ECB divided on inflation

By Yoruk Bahceli Jan 20 (Reuters) - Benchmark German bond yields fell for the first time in five sessions and moved below 0% on Thursday as money markets slightly pulled back their bets on rate hikes and the European Central Bank appeared divided on the inflation outlook. After rising as high as 0.025% on Wednesday, Germany's 10-year yield was down

Sputnik V shows higher Omicron-antibody levels than Pfizer in preliminary study

MOSCOW, Jan 20 (Reuters) - A small preliminary laboratory study has shown that levels of Omicron-neutralising antibodies of people vaccinated with Russia's Sputnik V vaccine did not decline as much as of those who had Pfizer shots. The joint Russian-Italian study - funded by the Russian Direct Investment Fund, which markets Sputnik V abroad - compa
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Erdogan's approval ratings up as lira stabilises -poll

ANKARA, Jan 20 (Reuters) - President Tayyip Erdogan's approval rating rose 2.1 percentage points in January, a poll by Metropoll Research showed on Thursday, as the Turkish lira steadied in recent weeks on the back of government measures despite soaring inflation. Under pressure from Erdogan and despite high inflation, the central bank has slashed

U.S. trade chief Tai says world can't go back to 2019 trading system

Jan 20 (Reuters) - U.S. Trade Representative Katherine Tai said on Thursday that global trade policy makers should not try to recreate the pre-pandemic trading system but should build one that is more resilient, sustainable and supportive of higher living standards. Speaking in a virtual panel of the World Economic Forum, Tai cautioned against a ba

"Decisive" moment nears as West says weeks left to salvage Iran nuclear deal

(Refiles to remove editing note in para 15) By John Irish and Simon Lewis PARIS/BERLIN, Jan 20 (Reuters) - The United States and its European allies said on Thursday that it was now just a matter of weeks to salvage the 2015 nuclear deal after a round of talks in which a French diplomatic source said there had been no progress on the core issues. I

South African rand forges higher with rate hike in sight

(Updates to reflect afternoon trade) JOHANNESBURG, Jan 20 (Reuters) - The South African rand forged higher on Thursday, extending strong gains made a day earlier when inflation figures bolstered the case for the central bank to raise interest rates next week. At 1430 GMT, the rand ZAR=D3 traded at 15.1275 against the dollar, around 1.3% stronger th
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Dollar little changed as Treasury yields dip, economic data disappoints

* Dollar pauses as Treasury yields rise halts * Jobless claims, home sales data disappoints * Cryptocurrencies jump By Stephen Culp NEW YORK, Jan 20 (Reuters) - The dollar pared earlier gains on Thursday as this week's upward trajectory of in U.S. Treasury yields took a breather. The greenback edged lower after weekly applications for unemployment
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Sterling hits 23-month high versus euro on rate hike expectations

* Graphic: World FX rates in 2020 Link * Graphic: Trade-weighted sterling since Brexit vote Link Jan 20 (Reuters) - Sterling hit a fresh 23-month high and rose versus a weakening dollar on Thursday, still supported by expectations of rate rises, but with analysts questioning if the Bank of England (BoE) will be able to provide a hawkish surprise at
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Market, Omicron risks pose new challenge for Fed policy pivot

By Howard Schneider WASHINGTON, Jan 20 (Reuters) - U.S. Federal Reserve officials, having plotted what seemed a clear battle plan against high inflation, must now contend with fresh signs the coronavirus is again slowing the economy as well as markets conspiring to tighten financial conditions faster than Fed policymakers may have hoped. The combin

Sputnik V shows higher Omicron-antibody levels than Pfizer in preliminary study

MOSCOW, Jan 20 (Reuters) - A small preliminary laboratory study has shown that levels of Omicron-neutralising antibodies of people vaccinated with Russia's Sputnik V vaccine did not decline as much as of those who had Pfizer shots. The joint Russian-Italian study - funded by the Russian Direct Investment Fund, which markets Sputnik V abroad - compa
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Gold gains as inflation woes persist, palladium extends rally

* All precious metals near two-month highs * Supply concerns likely driving autocatalysts' rally- Commerzbank * U.S. weekly jobless claims rose to 286,000 * FOMC scheduled to meet on Jan. 25-26 By Kavya Guduru Jan 20 (Reuters) - Gold and silver touched fresh two-month highs on Thursday lifted by worries surrounding inflation and Russia-Ukraine tens
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Czech government cuts 2022 growth forecast, sees lasting high inflation

PRAGUE, Jan 20 (Reuters) - The Czech Finance Ministry slashed its 2022 economic growth forecast by 1 percentage point to 3.1% in a quarterly outlook released on Thursday, highlighting global supply chain disruptions, the coronavirus pandemic and high inflation and tight labour market as key factors. The ministry raised its average inflation forecas

Zambian, Kenyan currencies seen softer, Uganda's firmer

LUSAKA, Jan 20 (Reuters) - Zambia and Kenya's currencies are likely to weaken against the U.S. dollar in the coming week as Uganda's shilling strengthens. Nigeria's naira and Tanzania's shilling are expected to hold steady. ZAMBIA The kwacha ZMW= is expected to continue trading on the back foot against the dollar next week as demand for hard curren

Moldova pays January gas advance to Russia's Gazprom

CHISINAU, Jan 20 (Reuters) - Moldova's Moldovagaz energy firm said on Thursday it had paid its January gas advance to Gazprom GAZP.MM , a day after the government said the Russian group had rejected its request to reschedule the payment. That had left the small ex-Soviet republic needing to find $63 million to meet the cost of supply. Prime Ministe

Growth bargains, upbeat earnings take Wall Street higher

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Travelers up after reporting record quarterly profit * Baker Hughes jumps on posting Q4 profit * Netflix to report quarterly results after market close * Indexes up: Dow 0.59%, S&P 0.74%, Nasdaq 1.35% (Updates prices to open) By Bansari M
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Romanian Fondul Proprietatea sells 4% stake in OMV Petrom

BUCHAREST, Jan 20 (Reuters) - Romanian investment fund Fondul Proprietatea FP.BX said on Thursday it has sold roughly 2.28 billion shares in oil and gas group OMV Petrom ROSNP.BX , majority controlled by Austria's OMV OMVV.VI , in an accelerated bookbuilding process. The shares account for roughly 4% of OMV Petrom and garnered Fondul gross proceeds
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Czech central banker Holub: policy response necessary to end inflation surge

PRAGUE, Jan 20 (Reuters) - The Czech central bank's policy response is necessary to make an inflation surge a temporary occurrence, the bank's board member Tomas Holub said in a presentation released on the central bank's website on Thursday. The CPI surge in itself if not temporary as it is widespread across almost all components of the price bask

Yields steady, Treasury to sell 10-year TIPS

By Karen Brettell NEW YORK, Jan 20 (Reuters) - U.S. Treasury yields were steady on Thursday, after dropping from two-year highs on Wednesday, following a rapid sell-off sparked by anticipation of a more hawkish Federal Reserve drew new buying interest. Yields have jumped this month as investors adjust to the likelihood that the Fed will tighten mon



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