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UPDATE 1-Market expectations of Fed cuts 'overdone,' volatility to jump in 2024, BlackRock says

(Adds more details, context) By David Randall NEW YORK, Dec 5 (Reuters) - Global markets willexperience greater volatility in 2024 as the Federal Reservecuts benchmark interest rates fewer times than many investorsare pricing in, strategists at the BlackRock InvestmentInstitute said at a panel discussion on Tuesday.Nevertheless, BlackRock , the worlds largest assetmanager, continues to see opportunities in equities in AI stocksand technology, particularly in the memory sector, withopportunities also due to so-called quality factors such asstable

North Sea Crude-WTI Midland firms as DUC trades

LONDON, Dec 5 (Reuters) - U.S. WTI Midland values firmedas fresh trade took place in the Platts window at firmer levelson Tuesday, while a rare cargo of Danish DUC also changed hands. PLATTS WINDOW * WTI Midland: BP sold Petroineos a Dec. 26-30 cargo atdated Brent plus $1.20 CIF Rotterdam. * WTI Midland: Repsol bought a Dec. 27-31 cargo from Gunvorat dated Brent plus $1.45 CIF Rotterdam. * WTI Midland: BP also offered a Dec. 25-29 cargo at datedBrent plus $1.45 CIF Rotterdam, before withdrawing.* WTI Midland: On

FACTBOX-Trafigura's lawsuit against businessman Gupta in alleged fraud over nickel

LONDON, Dec 5 (Reuters) - Indian businessman PrateekGupta asked a London judge on Tuesday to lift an order freezinghis personal and business assets, alleging that commodity traderTrafigura failed to disclose full information when it sought theinjunction. In a court document, Trafigura rejected the allegations,saying that its demand was the product of meticulousinvestigation. Below are the main issues in the court case. LEGAL ACTIONS Geneva-based Trafigura, a major industrial metals and oiltrader, filed a lawsuit

LIVE MARKETS-S&P 500 may squeeze out just 2% more upside into mid-2024 - Stifel

* Nasdaq up ~0.2%; SP 500 edges red, DJI dips * Materials weakest S cons disc leads gainers * Dollar, crude, bitcoin up; gold down * U.S. 10-Year Treasury yield slides to ~4.18% Welcome to the home for real-time coverage of markets brought toyou by Reuters reporters. You can share your thoughts with us at SP 500 MAY SQUEEZE OUT JUST 2% MORE UPSIDE INTO MID-2024 -STIFEL Stifels chief equity strategist, Barry B. Bannister,expects the SP 500 index to top around 4,650 intomid-2024, which is only

BUZZ-COMMENT-Sterling slips through support as downside risks increase

Dec 5 (Reuters) - The recovery in the dollar hasextended further prompting, sterling to slip below support at1.26 and raising risks of a deeper setback, with little in wayof notable support until 1.25 and 1.2477 below (200-DMA). U.S. data continues to paint a goldilocks environment as amiss in JOLTS was offset by the stronger-than-expected ISMservices PMI data. Consequently, this allows for the market tocontinue pricing in non-recessionary rate cuts as a soft-landingappears more likely. Market pricing now

Chile miner Antofagasta, union begin mediation to avoid strike

SANTIAGO, Dec 5 (Reuters) - Chilean copper miningcompany Antofagasta and workers at its Centinela mine on Tuesdaybegan a government mediation process after contract talksfailed, a last resort before the union could go on strike. The nearly 400 employees represented by a Centinela workersunion last month overwhelmingly rejected a contract proposalfrom Antofagasta, causing the company to request mediation fromthe Chilean government. The union is looking to make up for lower production-linkedbonuses and

Wall St mixed as traders assess economic data, megacaps rebound

(Kitco News) -

Europe Distillates-Margins edge higher as November imports decline

LONDON, Dec 5 (Reuters) - Northwest European dieselmargins edged higher to $30 a barrel on Tuesday after datashowed imports into the region in November were lower thanpreviously expected. * Diesel imports into Europe were set to reach 4.54 millionmetrictons in November, down from 4.62 million tons in October,according to LSEG data. * The November imports were lower than previously forecastas somevessels will arrive later than planned. * Seaborne diesel and gasoil exports from Russian ports rose8.5%in November

US STOCKS-Wall St mixed as traders assess economic data, megacaps rebound

(For a Reuters live blog on U.S., UK and European stockmarkets, click or type LIVE/ in a news window.) * Take-Two Interactive falls on trailer release * CVS Health up on upbeat annual revenue outlook * Indexes: Dow down 0.39%, SP down 0.13%, Nasdaq up 0.25% (Updated at 11:24 a.m. ET/ 1624 GMT) By Amruta Khandekar and Shristi Achar A Dec 5 (Reuters) -Wall Streets main indexes were mixed on Tuesday asinvestors assessed a fresh batch of economic data, including ajobs report, to gauge the

HEDGE FLOW-Hedge funds sold stocks last week, led by financials and staples

NEW YORK, Dec 5 (Reuters) - Global hedge funds sold morethan bought equities for a third consecutive week last week,dumping shares mainly in consumer staples and financials, a BofASecurities note about its clients flow trends. Portfolio managers net sold over $300 million in shares intotal last week, while they bought roughly $250 million inhealthcare, technology and real estate, the data showed. In theprevious week, hedge funds had mostly cut their exposure tohealthcare. Hedge funds also continued