Category: Europe

A general view of the Jobcentre Plus logo in Northwich, Britain, November 10, 2020. Photo: REUTERS/Jason Cairnduff European markets made a subdued start to Tuesday morning, with major indexes trading either flat or slightly lower. In London, the FTSE 100 (^FTSE) opened flat, just below the 7,000 point mark, while the German DAX (^GDAXI) was […]

London’s FTSE 100 was dragged lower on Monday and ended the day’s trade in red, although it managed to stay above 7,000, a landmark it attained last week for the first time in over a year. The index of leading shares ended 19 points or 0.29 per cent down, at exactly 7,000, while the domestically […]

Man Utd Sterling rose to its highest level since March 18 against the US dollar as traders await a data-heavy week that is expected to show the UK’s economy is rebounding from the pandemic. The pound rose 1pc to $ 1.39 against the US dollar, ahead of this week’s PMI surveys, as well as figures […]

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 […]

Benzinga Strong Earnings from Coca-Cola Start Week, with IBM on Way Ahead of Netflix Tomorrow After four weeks of gains, what can Wall Street do for an encore? We’re about to find out as the earnings parade continues. Despite nice results this morning from CocaCola (NYSE: KO), the overall market seems to have lost some […]

Melrose chief executive Simon Peckham – Geoff Pugh /Telegraph The buyout specialist Melrose is putting another £100m into engineer GKN’s pension pot, fulfilling a key takeover pledge following a major disposal. The FTSE 100 company is in line to make $ 3.6bn (£2.6bn) by selling its air conditioning business Nortek Air Management to US specialist […]

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 […]

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 […]

Across the bloc, the COVID vaccination rollout programme has started to gather pace after a slower start at the beginning of the year. Photo: Horacio Villalobos Corbis/Corbis via Getty Images Stock markets across Europe opened in the green on Monday as traders continued to cheer successful vaccine rollouts, resilient economic data and positive signals from […]

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 […]

(Adds European futures, updates levels throughout) * Asian stock markets : https://tmsnrt.rs/2zpUAr4 * China, Japan share markets reverse early losses * Bitcoin recoups losses after falling 14% on Sunday * Currencies tread water, U.S. dollar near 4-week lows By Swati Pandey SYDNEY, April 19 (Reuters) – Asian shares hit a one-month high on Monday helped […]

London’s FTSE 100 closed last week above 7,000, a landmark it reached for the first time in over a year since the pandemic hit. The FTSE 250 has erased all its pandemic losses, hitting another record high on Friday. The blue-chip FTSE 100 index has now recovered up to 40 per cent from its lowest […]

The Stats It was a busy week on the economic calendar, in the week ending 16th April. A total of 72 stats were monitored, following 36 stats from the week prior. Of the 72 stats, 38 came in ahead forecasts, with 21 economic indicators coming up short of forecasts. There were 13 stats that were […]

The Majors It was yet another bullish week for the European majors in the week ending 16th April, following relatively modest gains from the week prior. The CAC40 rallied by 1.91%, with the DAX30 and the EuroStoxx600 seeing gains of 1.48% and by 1.20% respectively. Economic data from the U.S and China continued to support […]

Friday, 16th April Eurozone Core CPI (YoY) (Mar) Final Eurozone CPI (YoY) (Mar) Final Eurozone CPI (MoM) (Mar) Final Eurozone Trade Balance (Feb) The Majors It was a bullish day for the European majors on Thursday, with the DAX30 recovering from Wednesday’s slip. The DAX30 rise by 0.30%, with the CAC40 and the EuroStoxx600 gaining […]

Bloomberg As Sanjeev Gupta Rose From Trader to Tycoon, Several Banks Backed Away (Bloomberg) — British industrialist Sanjeev Gupta’s companies seemed to be prospering until his main lender, Greensill Capital, imploded last month. But long before Greensill collapsed, several banks had cut off the commodity trading business of Gupta’s Liberty House Group.Four banks stopped working […]

Bloomberg U.S. Drops Switzerland, Vietnam Currency-Manipulator Labels (Bloomberg) — The U.S. refrained from designating any trading partner as a currency manipulator in the Biden administration’s first foreign-exchange policy report, even as Switzerland, Taiwan and Vietnam met thresholds for the label.The Treasury Department said Friday that those three economies met criteria for the manipulator label, including […]

Bloomberg Bank Fines, Suspensions Weighed by Zimbabwe for Currency Gouging (Bloomberg) — Zimbabwe is considering penalizing domestic banks, telecommunications operators and other businesses over what the government describes as profiteering off the hard currency it makes available at auctions.Lenders could face fines and suspensions, while companies that charge a premium for foreign exchange may be […]

* STOXX 600 eyes seventh week of gains * German DAX at all-time high * Daimler gains as China drives profit recovery * L’Oreal slips, consumer products division disappoints (Updates to close) By Sruthi Shankar and Susan Mathew April 16 (Reuters) – European stocks ended at a record high on Friday, marking its seventh straight […]

The Telegraph FTSE nudges 7,000 points as US economy rebounds Shares in Oxford Biomedica rose to their highest level since mid-March after the Covid vaccine manufacturer announced an investment drive thanks in part to its contract with AstraZeneca. It came as the company said sales last year rose 37pc to £87.7m, while revenue from its […]