Category: Europe

Bloomberg The Pipeline Crisis Is Over. Cue the Lobbyists and Their Agendas (Bloomberg) — The cyber-attack that crippled the nation’s biggest fuel pipeline this week triggered spot shortages of gasoline and a gusher of political rhetoric, with groups from across the political spectrum offering myriad, and contradictory, solutions.The oil industry says the answer is to […]

The Stats It was a quieter week on the economic calendar, in the week ending 14th May. A total of 49 stats were monitored, following 57 stats from the week prior. Of the 49 stats, 28 came in ahead forecasts, with 16 economic indicators coming up short of forecasts. There were 5 stats that were […]

The Majors It was a choppy week for the European majors in the week ending 14th May. After hitting record highs early in the week, the EuroStoxx600 fell by 0.54%, with the CAC ending the week down by 0.01%. The DAX30 managed to fully recover from heavy losses to end the week up by a […]

Friday, 14th May 2021 Spanish CPI (YoY) (Apr) Final Spanish HICP (YoY) (Apr) Final The Majors It was a mixed session for the European majors on Thursday, which had seen just minor gains on the day prior. The EuroStoxx600 fell by 0.20%, while the CAC40 and the DAX30 ending the day up by 0.14% and […]

Bloomberg Roaring Crypto Cacophony Drowns Out Rest of Wall Street (Bloomberg) — Wild stock swings, spikes in Treasury yields, startling economic readings? Interesting, sure. But if you really want to get people’s attention right now, you need to tell them a story about crypto.And there have been a lot of those. Even for a market […]

Bloomberg Roaring Crypto Cacophony Drowns Out Rest of Wall Street (Bloomberg) — Wild stock swings, spikes in Treasury yields, startling economic readings? Interesting, sure. But if you really want to get people’s attention right now, you need to tell them a story about crypto.And there have been a lot of those. Even for a market […]

Public Health England has recorded 1,313 UK cases of the Indian variant, and according to figures released yesterday, cases are more than doubled in recent weeks. Photo: Ian Forsyth/Getty Images European stock markets rose on Friday, with London’s benchmark index rising back above 7,000 points despite concerns about an Indian coronavirus variant spreading in the […]

* MSCI World Index up 0.4%; STOXX Europe 600 up 0.3%    * Japan shares lead gains in Asia, snapping 3-day decline    * Fed Governor Waller signals policy to stay accommodative    * Global asset performance http://tmsnrt.rs/2yaDPgn    By Simon Jessop and Kevin Buckland    LONDON/TOKYO, May 14 (Reuters) – Global stocks rose and the dollar dipped on Friday […]

Bloomberg Cathie Wood Fans Buckle Up as ETF Assets Fall to $ 40 Billion (Bloomberg) — With tech’s recent pummeling, the cash Cathie Wood is managing in her ETF lineup has just dropped below $ 40 billion — but her loyal fan base is largely hanging on for the ride.The founder of Ark Investment Management […]

Globe Newswire Federated Learning Solutions Market Research Report by Application, by Vertical – Global Forecast to 2025 – Cumulative Impact of COVID-19 Federated Learning Solutions Market Research Report by Application (Data Privacy and Security Management, Drug Discovery, Industrial Internet of Things, Online Visual Object Detection, and Risk Management), by Vertical (Banking, Financial Services, and Insurance, […]

Bloomberg China’s Bond Defaults Pile Up at Fastest Pace on Record (Bloomberg) — Chinese corporations are defaulting on local bonds at the fastest pace on record, as authorities ramp up efforts to introduce more financial discipline and transparency in the world’s second-largest debt market.Firms so far this year have failed to make payments on 99.8 […]

London’s FTSE 100 dropped sharply on Thursday to its worst levels in almost a month, giving up earlier gains, however, witnessing some recovery from the day’s lows in the later half. The blue-chip FTSE 100 closed down 0.6 per cent or 41 points dropping to 6,963. The FTSE 250 of mid-cap companies was also down […]

Bloomberg Once-Doomed Hertz Rebounded So Much Even Redditors Were Right (Bloomberg) — During the depths of the pandemic, it wasn’t even clear that Hertz Global Holdings Inc. would be around today, renting out cars.It is, and the surprises don’t stop there.The winning bid from several Wall Street giants to buy the company out of bankruptcy […]

Friday, 14th May 2021 Spanish CPI (YoY) (Apr) Final Spanish HICP (YoY) (Apr) Final The Majors It was a partial recovery of Tuesday’s sell-off for the European majors on Wednesday. The EuroStoxx600 rose by 0.36%, with the CAC40 and the DAX30 ending the day up by 0.19% and by 0.20% respectively. Upbeat market sentiment towards […]

Bloomberg CDC Eases Mask Rules; NYC Offers Burgers for Shots: Virus Update (Bloomberg) — President Joe Biden’s administration took its biggest step yet toward declaring victory over the coronavirus pandemic — announcing that fully vaccinated Americans can ditch their masks in most settings, even indoors or in large groups. Masks are still required on buses, […]

The CMA said holidays cancelled due to the pandemic must be refunded within 14 days. Photo: Getty Images The UK’s competition regulator has warned package holiday companies including Tui (TUI.L) to “respect the refund rights of holidaymakers” ahead of travel restrictions easing next week. The Competition and Markets Authority (CMA) on Thursday published a letter […]

Cunliffe addressed the need for “public money”, which the bank has been issuing for more than 300 years. Photo: BEN STANSALL/AFP via Getty Images The UK will likely have to issue its own digital currency to “meet the needs of modern day life,” a top Bank of England (BOE) official has said. Sir Jon Cunliffe, […]

Bloomberg Once-Doomed Hertz Rebounded So Much Even Redditors Were Right (Bloomberg) — During the depths of the pandemic, it wasn’t even clear that Hertz Global Holdings Inc. would be around today, renting out cars.It is, and the surprises don’t stop there.The winning bid from several Wall Street giants to buy the company out of bankruptcy […]

The FTSE 100 was down more than 2% in afternoon trade. Photo: REUTERS/Toby Melville Stock markets fell in Europe on Thursday, as global investors continued to fret about inflation. The FTSE 100 (^FTSE) was more than 2% lower in noon trade. The index had been yesterday’s frontrunner thanks to better-than-forecast GDP numbers in the UK. […]

Globe Newswire Evaxion Biotech Announces Q1 2021 Financial Results and Provides Business Update Raised net proceeds of $ 27.9 million in U.S. initial public offering in February 2021Lead programs EVX-01 and EVX-02 on track for Phase 1/2a data readouts late in Q2Product candidates EVX-03 and EVX-B1 progressing through pre-clinical developmentCash reserves of $ 27 million […]