Reuters Daily Investor Update: September 11, 2017

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Monday, September 11, 2017

Tech, insurers lead Wall Street rally as Irma, North Korea fears ease

(Reuters) - Wall Street was sharply higher on Monday morning in a broad rally led by technology and financial stocks, especially insurers, on relief that Irma weakened to a tropical storm and North Korea did not conduct a nuclear test as feared.

Citigroup sees third-quarter markets revenue down 15 percent vs year-earlier

NEW YORK (Reuters) - Citigroup Inc third-quarter total markets revenue is running about 15 percent less than a year earlier when volatility was boosted by reactions to the Brexit vote and U.S. elections, Chief Financial Officer John Gerspach said on Monday at an investor conference.

BP files for IPO of U.S. pipeline assets

(Reuters) - British energy company BP on Monday filed for an initial public offering of its U.S. pipeline assets.

Google challenges record EU antitrust fine in court

BRUSSELS (Reuters) - Alphabet unit Google appealed against a record 2.4-billion-euro ($2.9 billion) EU antitrust fine on Monday, its chances of success boosted by Intel's partial victory last week against an EU sanction.

Insurers ache for qualified inspectors after U.S. hurricanes

(Reuters) - Insurers are scrambling to find inspectors in Texas and Florida after fierce hurricanes battered the states one after the other, causing tens of billions of dollars' worth of property damage in less than two weeks.

Facebook fined 1.2 million euros by Spanish data watchdog

MADRID (Reuters) - Facebook has been fined 1.2 million euros ($1.4 million) for allegedly collecting personal information from users in Spain that could then be used for advertising, the national data protection watchdog said on Monday.

Lucky 8? $1,000 price tag dampens iPhone enthusiasm in China

BEIJING (Reuters) - Apple Inc will launch an expected "iPhone 8" on Tuesday, hoping the number's auspicious connotations in China will help turn around fortunes in the world's biggest smartphone market after six quarters of falling sales.

Global shares return to record high as Irma loses strength

LONDON (Reuters) - World shares returned to a record high on Monday, on relief that hurricane Irma looked to be losing strength in the United States and that North Korea's anniversary celebrations at the weekend passed without any new missile test.

Oil weakens on fears Irma could dent U.S. demand

LONDON (Reuters) - Oil prices edged lower on Monday on concerns that Hurricane Irma's pounding of heavily populated areas of Florida could dent oil demand in the world's top oil consuming nation.

Japan to sell $12 billion of Japan Post Holdings, growth potential under scrutiny

TOKYO (Reuters) - Japan's government on Monday said it will sell $12 billion worth of Japan Post Holdings Co Ltd stock in an announcement that fund managers gave a tepid reception, saying limited growth prospects is likely to dull demand from institutional investors.

Reuters Daily Investor Update: September 11, 2017

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