Category: Europe

London stocks witnessed some rebound on Wednesday and closed in positive territory, with travel and tobacco companies bouncing back strongly. The FTSE 100 closed up 35 points, or 0.5 per cent, at 6,895, after a heavy 2.0 per cent fall on Tuesday. It nonetheless failed to reach back up to 7,000, a level it attained […]

Bloomberg IBM Shares Jump on Biggest Revenue Growth Since 2018 (Bloomberg) — International Business Machines Corp. shares jumped in extended trading after the company reported its biggest revenue gain in eleven quarters, driven by demand for cloud services and suggesting Chief Executive Officer Arvind Krishna’s turnaround plan is starting to bear fruit.Sales increased 1% to […]

Bloomberg Berkshire Investors Advised to Withhold Votes on Four Directors (Bloomberg) — Berkshire Hathaway Inc. investors should withhold votes for four board members because of ineffective oversight on compensation, proxy-advisory firm Institutional Shareholder Services said.Executive pay at Berkshire “lacks a measurable link to company performance,” ISS said in a report dated April 16. Two vice […]

Bloomberg Plumber Buying Doge Shows Retail Investors’ Power in Crypto (Bloomberg) — A rocky weekend for the legions that poured into all things crypto after Coinbase Global Inc.’s direct listing did little to undermine its grip on retail traders.Dogecoin rallied another 20% or so Monday, even after most of the biggest tokens, including Bitcoin slumped […]

Bloomberg Plumber Buying Doge Shows Retail Investors’ Power in Crypto (Bloomberg) — A rocky weekend for the legions that poured into all things crypto after Coinbase Global Inc.’s direct listing did little to undermine its grip on retail traders.Dogecoin rallied another 20% or so Monday, even after most of the biggest tokens, including Bitcoin slumped […]

Bloomberg A $ 1 Trillion Liquidity Surge Is Morphing Into a Leverage Boom (Bloomberg) — It was supposed to be a temporary buffer — more than $ 1 trillion of debt taken on by U.S. companies last year to ride out the economic devastation caused by Covid-19.But with the economy rebounding and interest rates still […]

Bloomberg Plumber Buying Doge Shows Retail Investors’ Power in Crypto (Bloomberg) — A rocky weekend for the legions that poured into all things crypto after Coinbase Global Inc.’s direct listing did little to undermine its grip on retail traders.Dogecoin rallied another 20% or so Monday, even after most of the biggest tokens, including Bitcoin slumped […]

Globe Newswire Building Materials Market Research Report by Structure, by Application – Global Forecast to 2025 – Cumulative Impact of COVID-19 Building Materials Market Research Report by Structure (Multi-Story and Single-Story), by Application (Commercial, Infrastructure, Residential, and Warehouses & Industrial) – Global Forecast to 2025 – Cumulative Impact of COVID-19New York, April 21, 2021 (GLOBE […]

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 […]

The UK’s FTSE 100 fell sharply on Tuesday, dropping below 7,000 again as tobacco shares tumbled and global sentiments on recovery took a hit amid an alarming rise in Covid-19 cases. The blue-chip index dropped by 2 per cent or 140 points, the biggest fall in two months after it claimed its pre-pandemic levels back, […]

Stocks British tobacco firms sank on Tuesday as more than £5bn was wiped off their value after the Biden administration announced plans on Monday evening to reduce the nicotine content of cigarettes to a level that is not addictive. British American Tobacco fell 221.5p to £26.92 – a five-week low – and Imperial Brands fell […]

Tuesday, 20th April German PPI (MoM) (Mar) 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 […]

Bloomberg Plumber Buying Doge Shows Retail Investors’ Power in Crypto (Bloomberg) — A rocky weekend for the legions that poured into all things crypto after Coinbase Global Inc.’s direct listing did little to undermine its grip on retail traders.Dogecoin rallied another 20% or so Monday, even after most of the biggest tokens, including Bitcoin slumped […]

Bloomberg Plumber Buying Doge Shows Retail Investors’ Power in Crypto (Bloomberg) — A rocky weekend for the legions that poured into all things crypto after Coinbase Global Inc.’s direct listing did little to undermine its grip on retail traders.Dogecoin rallied another 20% or so Monday, even after most of the biggest tokens, including Bitcoin slumped […]

Bloomberg Plumber Buying Doge Shows Retail Investors’ Power in Crypto (Bloomberg) — A rocky weekend for the legions that poured into all things crypto after Coinbase Global Inc.’s direct listing did little to undermine its grip on retail traders.Dogecoin rallied another 20% or so Monday, even after most of the biggest tokens, including Bitcoin slumped […]

Bloomberg Stocks Decline as Traders Wade Through Earnings: Markets Wrap (Bloomberg) — U.S. stocks were on pace for their first back-to-back drop since late March as investors sifted through a batch of corporate results.The equity pullback was more pronounced in smaller companies, with the Russell 2000 sinking almost three times as much as the S&P […]

Bloomberg Nikola’s Stock Selloff Accelerates as Shares Fall Below $ 10 (Bloomberg) — Nikola Corp. shares fell Tuesday to the lowest since January 2019, accelerating a selloff that has now erased all their gains since the electric-vehicle startup went public last year.The electric-truck maker — once briefly more valuable than Ford Motor Co. — dropped […]

Bloomberg Putin’s Answer to U.S. Sanctions Is More Economic Isolation (Bloomberg) — Russian President Vladimir Putin is likely to respond to the latest round of U.S. sanctions threats as he has to past ones: by speeding his drive to make Russia’s economy more self-sufficient.In the seven years since Russia’s annexation of Crimea, Putin’s government and […]

Bloomberg Plumber Buying Doge Shows Retail Investors’ Power in Crypto (Bloomberg) — A rocky weekend for the legions that poured into all things crypto after Coinbase Global Inc.’s direct listing did little to undermine its grip on retail traders.Dogecoin rallied another 20% or so Monday, even after most of the biggest tokens, including Bitcoin slumped […]

Bloomberg China’s $ 87 Billion Electric-Car Giant Hasn’t Sold a Vehicle Yet (Bloomberg) — China Evergrande New Energy Vehicle Group Ltd.’s expansive pop-up showroom sits at the heart of Shanghai’s National Exhibition and Convention Center. With nine models on display, it’s hard to miss. The electric car upstart has one of the biggest booths at […]