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What is Nasdaq’s special rebalancing and its impact?

By Sruthi Shankar and Medha Singh (Reuters) -A “special rebalance” of the Nasdaq 100 index will take place later this month as exchange operator Nasdaq looks to reduce the concentration of heavyweight companies that account for nearly half of the index’s weight. A blistering rally in... Read More.

Broadcom wins conditional EU antitrust approval to buy VMware

By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Broadcom secured EU antitrust approval on Wednesday for its $61 billion proposed acquisition of cloud computing firm VMware after offering remedies to help rival Marvell Technology. Broadcom offered Marvell and other rivals interoperability... Read More.

Marketmind: Dollar swoons in upbeat inflation vigil

A look at the day ahead in U.S. and global markets from Mike Dolan World markets leaned positively into another critical U.S. inflation report later on Wednesday, seeding a dollar slide to two-month lows that’s revved-up yen and sterling gains. The importance of the monthly U.S.... Read More.

China’s export slide to steepen in June, imports seen down

(Corrects labelling of links to polls in bullet points) By Joe Cash BEIJING (Reuters) -China’s export slump is expected to have accelerated in June, as sluggish overseas economies struggling with inflation and rising interest rates buy up fewer goods from Chinese factories. Outbound shipments from the... Read More.

European shares gain ahead of US inflation data, UK banks shine

By Amruta Khandekar and Matteo Allievi (Reuters) -European shares rose on Wednesday ahead of key U.S. inflation data which will determine whether the Federal Reserve could end its rate hikes soon, while major British lenders climbed after the Bank of England’s stress test. The pan-European STOXX... Read More.

European shares gain ahead of key US inflation data

(Reuters) – European shares edged higher on Wednesday in the run-up to the release of key U.S. inflation data which will determine whether the Federal Reserve is nearing the end of its monetary policy tightening. The pan-European STOXX 600 index was... Read More.