Category: Europe

The Stats It was a busy week on the economic calendar, in the week ending 7th May. A total of 57 stats were monitored, following 61 stats from the week prior. Of the 57 stats, 33 came in ahead forecasts, with 24 economic indicators coming up short of forecasts. There were no stats that were […]

A bricklayer, wearing technology which vibrates when he breaches social distancing guidelines, on a residential construction site near Farnborough – Luke MacGregor /Bloomberg FTSE rises to post-pandemic high Job vacancies surge at fastest pace in 23 years Rapid growth for British construction Scottish election results create uncertainty for the pound US’ Dow Jones hits record […]

Bloomberg Fed Warns of Peril for Asset Prices as Investors Gorge on Risk (Bloomberg) — A rising appetite for risk across a variety of asset markets is stretching valuations and creating vulnerabilities in the U.S. financial system, the Federal Reserve said in its semi-annual financial stability report.“Vulnerabilities associated with elevated risk appetite are rising,” Fed […]

(Adds close of U.S. markets)    * MSCI AWCI, Dow, S&P500 indexes hit fresh highs    * Canadian, European indexes also set records    * Copper at all-time high on recovery prospects    * Emergency market currencies shine    * Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn    * Graphic: World FX rates http://tmsnrt.rs/2egbfVh    By Herbert Lash and Ritvik Carvalho    NEW YORK/LONDON, May […]

Bloomberg China’s Trade Surges as Global Stimulus Keeps Export Boom Going (Bloomberg) — China’s exports rose more than expected in April, suggesting its trade out-performance could last longer than expected this year, fueled by global fiscal stimulus.Exports grew 32.3% in dollar terms in April from a year earlier, the customs administration said Friday, exceeding the […]

(Bloomberg) — European equities surged to a record on Friday, with the technology sector leading the advance, as weaker-than-expected U.S. jobs data eased concerns about faster inflation and that stimulus measures may be scaled back. The Stoxx Europe 600 Index climbed 0.9% at the close, with most sectors in the green. Tech shares rose 2.2%, […]

Bloomberg Key Brexit Clash Would Cost Euro Swap Traders $ 2.4 Million a Day (Bloomberg) — One of the biggest Brexit battlegrounds between the European Union and the U.K. now has a price tag: at least $ 2.4 million a day.That’s how much any move by the European Union to cut off access to London’s […]

London’s FTSE 100 edged above 7,000 to its highest point for more than a year after positive earnings boosted heavyweight stocks. The blue-chip index closed at 7,076, while the domestically focused FTSE 250 also rose to 22,491. Meanwhile, across the pond, an upbeat weekly jobless claims report pushed stocks on Wall Street higher, with the […]

A public health information sign at St Paul’s Cathedral, London. Photo: Toby Melville/Reuters European stock markets climbed higher on Friday, with London’s benchmark index hitting a new pandemic high on the back of economic optimism. The FTSE 100 (^FTSE) rose 0.67% by noon trade, its highest point since February 2020, while the CAC (^FCHI) climbed […]

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * STOXX 600 reclaims April high * Commodity stocks rally * Adidas surges on forecast lift (Adds comment, updates prices) By Sruthi Shankar May 7 (Reuters) – European stocks hit a record high on […]

By Peter Nurse Investing.com – European stock markets are seen edging higher at the open Friday, boosted by strong trade data out of China but with investors cautious ahead of the key monthly U.S. employment report. At 2:05 AM ET (0705 GMT), the DAX futures contract in Germany traded 0.1% higher, CAC 40 futures in […]

Friday, 7th May 2021 German Industrial Production (MoM) (Mar) German Trade Balance (Mar) ECB President Lagarde Speech The Majors It was a mixed day for the European majors on Thursday following Wednesday’s rebound. The CAC40 and the DAX30 ended the day with gains of 0.28% and 0.17% respectively. The EuroStoxx600 bucked the trend, however, with […]

Bloomberg Energy Transfer Made $ 2.4 Billion From Texas Winter Storm (Bloomberg) — Energy Transfer LP, the pipeline giant controlled by billionaire Kelcy Warren, has emerged as the biggest winner so far from the deadly winter storm that paralyzed Texas in February.The company saw a positive earnings impact from the extreme weather of about $ […]

Bloomberg EU’s Breton Says Time to Fix ‘Naive’ Approach to Chip Supply (Bloomberg) — Europe was naive to outsource so much of its semiconductor design and manufacturing to other regions and needs to redress the balance, the European Union’s top industry official said.Industry Commissioner Thierry Breton said a global chip shortage that’s disrupting the car […]

Bloomberg Actress-Turned-Mogul Alba Makes $ 122 Million in Honest IPO (Bloomberg) — Actress Jessica Alba cemented her claim to one of the most lucrative side gigs in Hollywood after shares of her beauty business, the Honest Co., soared 44% in its market debut.The “clean” beauty- and baby-products maker’s stock closed at $ 23 Wednesday after […]

By Peter Nurse Investing.com – European stock markets traded higher Thursday, as investors digest another largely positive batch of corporate earnings, including from Societe Generale (OTC:SCGLY) and Unicredit (MI:CRDI) and fashion retailers. At 3:40 AM ET (0840 GMT), the DAX in Germany traded 0.6% higher, the CAC 40 in France rose 0.5% and the U.K.’s […]

Bloomberg Actress-Turned-Mogul Alba Makes $ 122 Million in Honest IPO (Bloomberg) — Actress Jessica Alba cemented her claim to one of the most lucrative side gigs in Hollywood after shares of her beauty business, the Honest Co., soared 44% in its market debut.The “clean” beauty- and baby-products maker’s stock closed at $ 23 Wednesday after […]

London’s FTSE 100 rose above 7,000 once again on Wednesday recovering from earlier losses, led by mining stocks, after US data strengthened hopes of an economic rebound. The index of leading shares FTSE 100 closed up by 116, or 1.68 per cent at 7,039, while the domestically focused FTSE 250 closed up by 55 points […]

A look at the day ahead from Julien Ponthus As Britons make their way to polling stations for local elections, the focus is on Scotland where an outright majority for the pro-independence Scottish National Party could trigger a showdown with Boris Johnson’s government, and hit the pound. There’s a couple of things, however, which explain […]

Thursday, 6th May 2021 German Factory Orders (MoM) (Mar) IHS Markit Construction PMI (Apr) Eurozone Retail Sales (MoM) (Mar) Friday, 7th May 2021 German Industrial Production (MoM) (Mar) German Trade Balance (Mar) ECB President Lagarde Speech The Majors It was a bullish day for the European majors on Wednesday, which were on the rebound from […]