Category: Europe

The Stats It was a quieter week on the economic calendar, in the week ending 23rd April. A total of 46 stats were monitored, following 72 stats from the week prior. Of the 46 stats, 34 came in ahead forecasts, with 8 economic indicators coming up short of forecasts. There were 4 stats that were […]

Liz Truss Workspace tumbled to the bottom of the FTSE 250 after a double-downgrade by Barclays that said there is “too much” optimism being priced in about the positive impact reopening will have on flexible office space providers. Paul May, an analyst at the bank, said the downturn in London offices that started last year […]

Bloomberg Hedge Fund IPM Closes After Losing $ 4 Billion in Pandemic (Bloomberg) — Informed Portfolio Management, a Swedish hedge fund that had relied on statistical models to devise its strategies, is set to shut its doors and return investor capital after losing roughly $ 4 billion during the pandemic.IPM, whose main owner is Stockholm-based […]

Friday, 23rd April French Manufacturing PMI (Apr) Prelim French Services PMI (Apr) Prelim German Manufacturing PMI (Apr) Prelim German Services PMI (Apr) Prelim Eurozone Manufacturing PMI (Apr) Prelim Eurozone Markit Composite PMI (Apr) Prelim Eurozone Services PMI (Apr) Prelim ECB President Lagarde Speaks The Majors The European majors continued to find support following the sharp […]

By Peter Nurse Investing.com – European stock markets are seen opening mixed Friday, as investors try to digest the competing influences of the European Central Bank retaining its ultra easy monetary policies and losses on Wall Street overnight. At 3:05 AM ET (0705 GMT), the DAX futures contract in Germany traded 0.1% higher, while CAC […]

By Peter Nurse Investing.com – European stock markets edged lower Friday, ending the week on a negative tone as investors study a slew of corporate earnings, particularly from Daimler, and economic data releases. At 4:10 AM ET (0910 GMT), the DAX in Germany traded 0.1% lower, the CAC 40 in France fell 0.3% and the […]

Bloomberg A $ 6 Trillion Family Office World Fights Post-Archegos Crackdown (Bloomberg) — The implosion of Archegos is giving thousands of secretive family offices the greatest challenge to their privacy in a decade. They won’t give it up without a fight.Some lawmakers, regulators and consumer advocates are pushing to expose the inner workings of family […]

Globe Newswire Global Microcrystalline Cellulose Market (2020 to 2028) – by Source Type, End-use, Application and Region Dublin, April 23, 2021 (GLOBE NEWSWIRE) — The “Microcrystalline Cellulose (MCC) Market Size, Share And Industry Analysis, By Source Type (Non-Wood Based, Wood-Based), By End-Use (Binder/Diluent, Bulking Agent, Emulsifiers, Stabilizer, Anti-Caking Agent, Others), By Application (Pharmaceutical, Food & […]

Bloomberg Hedge Fund Collapse in Sweden Puts Spotlight Back on Quants (Bloomberg) — As one of Sweden’s oldest hedge funds shuts its doors, investors are trying to sort through the wreckage to figure out what exactly went wrong.Lars Ericsson, the chairman of soon-to-be defunct Informed Portfolio Management, says it’s clear now that the quantitative strategies […]

London’s FTSE 100 built on the previous day’s recovery but fell short of the 7,000 mark it attained last week, along with the FTSE 250 ending higher with midcap stocks rallying and a weaker pound. The blue-chip index ended up 43 points up at 6,938, while the domenstically focused FTSE 250 gained 279 points or […]

Bloomberg Turkish Crypto Exchange Goes Bust as Founder Flees Country (Bloomberg) — One of Turkey’s largest cryptocurrency exchanges said it lacked the financial strength to continue operations, leaving hundreds of thousands of investors fearing their savings have evaporated as authorities sought to locate the company’s 27-year-old founder, who fled the country.Confusion reigned about how many […]

Pound London’s mid-caps reversed course to rise to their best day in two weeks, led by shares in construction company Morgan Sindall hitting an all-time high. The group topped the FTSE 250 leaderboard after it said this year’s profits would be “significantly ahead of previous expectations”. Bosses said all divisions – including property maintenance, infrastructure […]

Bloomberg Turkish Crypto Exchange Goes Bust as Founder Flees Country (Bloomberg) — One of Turkey’s largest cryptocurrency exchanges said it lacked the financial strength to continue operations, leaving hundreds of thousands of investors fearing their savings have evaporated as authorities sought to locate the company’s 27-year-old founder, who fled the country.Confusion reigned about how many […]

Bloomberg A $ 6 Trillion Family Office World Fights Post-Archegos Crackdown (Bloomberg) — The implosion of Archegos is giving thousands of secretive family offices the greatest challenge to their privacy in a decade. They won’t give it up without a fight.Some lawmakers, regulators and consumer advocates are pushing to expose the inner workings of family […]

Bloomberg Rupee Fall Is Hurting Bonds Now Among Asia’s Worst: India Credit (Bloomberg) — A slide in the rupee is exacerbating a slump in Indian corporate dollar notes that are now among the worst performers in Asia, just as concerns mount that companies are hedging less.The securities have lost about 0.1% in April, worse than […]

Bloomberg Sanjeev Gupta’s Father Has Moved From U.K. as Group Battles for Survival (Bloomberg) — Parduman Gupta, father of embattled metals tycoon Sanjeev Gupta, has moved out of the U.K., just as the pair’s GFG Alliance teeters on the brink following the collapse of its largest lender Greensill Capital.The senior Gupta has changed his country […]

A man walks by the Euro sculpture in front of the old the European Central Bank in Frankfurt, Germany, Tuesday, May 5, 2020. Photo: AP Photo/Michael Probst The European Central Bank left interest rates unchanged on Thursday as had been widely expected by the market. The ECB’s governing council maintained the eurozone’s headline interest rate […]

Bloomberg Rupee Fall Is Hurting Bonds Now Among Asia’s Worst: India Credit (Bloomberg) — A slide in the rupee is exacerbating a slump in Indian corporate dollar notes that are now among the worst performers in Asia, just as concerns mount that companies are hedging less.The securities have lost about 0.1% in April, worse than […]

At its last meeting the ECB upgraded its inflation forecasts and president Christine Lagarde said the bank would step up the weekly purchase program in an attempt to keep a lid on yields. Photo: Olivier Matthys/ Pool/Anadolu Agency via Getty Images European stock markets had a positive open on Thursday ahead of the European Central […]

Thursday, 22nd April Deposit Facility Rate (Apr) ECB Interest Rate Decision (Apr) Eurozone Consumer Confidence Flash Friday, 23rd April French Manufacturing PMI (Apr) Prelim French Services PMI (Apr) Prelim German Manufacturing PMI (Apr) Prelim German Services PMI (Apr) Prelim Eurozone Manufacturing PMI (Apr) Prelim Eurozone Markit Composite PMI (Apr) Prelim Eurozone Services PMI (Apr) Prelim […]