Category: Europe

Benzinga The First 39 Companies In Cathie Wood’s Ark Invest Space ETF A new ETF will launch from Ark Invest covering the space sector launches Tuesday. The fund’s initial holdings are out now and offer a glimpse into the new ETF’s investment thesis. Ark Space ETF: The highly anticipated Ark Space Exploration and Innovation ETF […]

By Julien Ponthus LONDON (Reuters) – British equities, the trade that ticked every box at the start of 2021, so far haven’t delivered the returns investors had hoped for, yet few are giving up hope that equity outperformance will follow as the UK economy starts to re-open. Britain this week started easing stay-at-home lockdown orders […]

Bloomberg Big Oil’s Secret World of Trading (Bloomberg Markets) — It was a bleak moment for the oil industry. U.S. shale companies were failing by the dozen. Petrostates were on the brink of bankruptcy. Texas roughnecks and Kuwaiti princes alike had watched helplessly for months as the commodity that was their lifeblood tumbled to prices […]

Bloomberg One of World’s Greatest Hidden Fortunes Is Wiped Out in Days (Bloomberg) — From his perch high above Midtown Manhattan, just across from Carnegie Hall, Bill Hwang was quietly building one of the world’s greatest fortunes.Even on Wall Street, few ever noticed him — until suddenly, everyone did.Hwang and his private investment firm, Archegos […]

Bloomberg One of World’s Greatest Hidden Fortunes Is Wiped Out in Days (Bloomberg) — From his perch high above Midtown Manhattan, just across from Carnegie Hall, Bill Hwang was quietly building one of the world’s greatest fortunes.Even on Wall Street, few ever noticed him — until suddenly, everyone did.Hwang and his private investment firm, Archegos […]

Bloomberg Big Oil’s Secret World of Trading (Bloomberg Markets) — It was a bleak moment for the oil industry. U.S. shale companies were failing by the dozen. Petrostates were on the brink of bankruptcy. Texas roughnecks and Kuwaiti princes alike had watched helplessly for months as the commodity that was their lifeblood tumbled to prices […]

(Bloomberg Markets) — It was a bleak moment for the oil industry. U.S. shale companies were failing by the dozen. Petrostates were on the brink of bankruptcy. Texas roughnecks and Kuwaiti princes alike had watched helplessly for months as the commodity that was their lifeblood tumbled to prices that had until recently seemed unthinkable. Below […]

Bloomberg Bondholders’ Old Foe in Buenos Aires Plays Default Hardball (Bloomberg) — Axel Kicillof relished the role he played in the Argentine government years ago: the brash left-wing economy minister who clashed at every opportunity with foreign investors. They hated him and he loved it.Today, Kicillof is once again locked in a bruising battle with […]

By Peter Nurse Investing.com – European stock markets pushed to all-time highs on Monday, helped by optimism of a global economic recovery, although Credit Suisse (SIX:CSGN) slumped after warning of a “highly significant” hit to results due to its exposure to a single, unnamed client. At 3:55 AM ET (0855 GMT), the DAX in Germany […]

Globe Newswire Notice of Annual General Meeting of Klövern AB (publ) Shareholders of Klövern AB (publ), corporate ID number 556482-5833, are hereby summoned to the Annual General Meeting on Wednesday 28 April 2021. In light of the ongoing pandemic and in order to minimize any risk of spreading of the corona virus, the Board has […]

Entain, which also owns Coral, Foxy Bingo and Party Poker, said last month that it was in “early stage” discussions with the group, however, Tabcorp valued its wagering and media business at A$ 3bn and said the proposals fell short of expectations. Photo: REUTERS/Simon Dawson Here are some of the top business, market, and economic […]

Shares in Credit Suisse sunk after it warned of ‘significant losses’ linked to the blow up at Archegos Capital. Photo: Fabrice Coffrini/AFP via Getty Images A little known hedge fund that blew up last week has sent shockwaves through the world of investment banking. Shares in Credit Suisse (CSGN.SW) and Nomura (8604.T) sunk over 10% […]

Tuesday, 30th March Spanish HICP (YoY) (Mar) Prelim German CPI (MoM) (Mar) Prelim Wednesday, 31st March French Consumer Spending (MoM) (Feb) German Unemployment Change (Mar) German Unemployment Rate (Mar) Eurozone CPI (YoY) (Mar) Prelim Thursday, 1st April German Retail Sales (MoM) (Feb) Spanish Manufacturing PMI (Mar) Italian Manufacturing PMI (Mar) French Manufacturing PMI (Mar) Final […]

Bloomberg Here’s How the World’s Chip Shortage Is Playing Out for Stocks (Bloomberg) — A global semiconductor shortage has upended the supply of everyday devices from smartphones to gaming consoles to tech-dependent cars. With companies warning the issue may last into the second half, the fallout threatens to weigh on share prices for months to […]

On the Macro It’s a busy week ahead on the economic calendar, with 54 stats in focus in the week ending 2nd April. In the week prior, 56 stats had also been in focus. For the major markets, it is a shortened week, however, with Commonwealth, European, and U.S markets closed on Friday. For the […]

The Majors It was another mixed week for the European majors in the week ending 26th March. The DAX30 and EuroStoxx600 ended the week gains of 0.88% and 0.85% respectively, while the CAC40 fell by 0.15%. Impressive economic data provided the European majors with support in the week. Germany and the Eurozone’s manufacturing PMIs hit […]

The Stats It was a slightly busier week on the economic calendar, in the week ending 26th March. A total of 56 stats were monitored, following 53 stats from the week prior. Of the 56 stats, 34 came in ahead forecasts, with 22 economic indicators coming up short of forecasts. There were no stats that […]

Shopping Engineering giant Smiths Group shot to the top of the FTSE 100 risers after the collapse in air travel failed to dent its airport detection business. The firm reported a 4pc dip pre-tax profits of £67m for the six months to the end of January, while revenue fell 7pc to £1.2bn. However, revenues exceeded […]

Bloomberg Goldman Fraud-Claim Case Will Test Supreme Court Shaped by Trump (Bloomberg) — The U.S. Securities and Exchange Commission sent Goldman Sachs Group Inc. shares tumbling by 13% in a single day in 2010, when it accused the firm of defrauding customers by selling them a mortgage-backed investment that was secretly designed to fail.Eleven years […]

By Peter Nurse Investing.com – European stock markets are seen opening higher Friday, helped by late gains on Wall Street overnight, although the positive tone will be tempered by ongoing concerns over rising Covid-19 cases and the region’s slow vaccine rollout. At 3:10 AM ET (0710 GMT), the DAX futures contract in Germany traded 0.1% […]