Category: Europe

Bloomberg Death of a Treasury Bull Market Rocks Faith in Market Winners (Bloomberg) — Stocks may be catching a breather in Monday trading, but the aftershocks from the sharpest bond selloff in almost five decades are set to reverberate across investing strategies hitched to the cheap-money era.Consider the troublesome cross-asset linkages out there. Technology stocks […]

Bloomberg Fight Between Commodities Giants and Shippers Leaves Seafarers Stuck (Bloomberg) — A standoff between commodities giants and shipping companies is prolonging the labor crisis at sea, with an estimated 200,000 seafarers still stuck on their vessels beyond the expiration of their contracts and past the requirements of globally accepted safety standards. In an effort […]

European stocks were mixed on Monday amid fears of a third wave of COVID-19 across the bloc, and an escalating row between the UK and European Union (EU) over access to AstraZeneca’s (AZN.L) vaccine. In London, the FTSE 100 (^FTSE) closed 0.26% higher after starting the day in the red and the German DAX (^GDAXI) […]

Bloomberg Scion of Billionaire Family Hunts for Cheap Assets in Venezuela (Bloomberg) — The name Cisneros is synonymous with business acumen and opulence in the minds of Venezuelans old enough to remember the pre-Hugo Chavez years.Over generations, the billionaire family brought the Studebaker, Pepsi-Cola and department stores to the oil-rich country. It launched DirecTV in […]

B&Q queue The owner of B&Q has cashed in on a DIY boom during lockdown as millions of homeowners tried to jazz up their surroundings. Kingfisher said pre-tax profits soared by 634pc from £103m to £756m for the 12 months to the end of January. Sales jumped by 7.2pc during the period to £12.3bn with […]

Globe Newswire United Kingdom Tofu Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021- 2026) The United Kingdom tofu market was valued at USD 92. 52 million in 2020, and it is projected to grow at a CAGR of 14. 68% during the forecast period, 2021-2026. – In the long-term, the COVID-19 situation is likely […]

Deliveroo rider Takeaway company Deliveroo is expected to be valued at up to £8.8bn when it starts selling its shares on the stock exchange in London. The business aims to sell shares for around 390p to 460p each, it revealed on Monday, in what is expected to be one of the biggest public listings of […]

Wednesday, 24th March French Manufacturing PMI (Mar) Prelim French Services PMI (Mar) Prelim German Manufacturing PMI (Mar) Prelim German Services PMI (Mar) Prelim Eurozone Manufacturing PMI (Mar) Prelim Eurozone Markit Composite PMI (Mar) Prelim Eurozone Services PMI (Mar) Prelim Consumer Confidence (Mar) – Eurozone – Flash Thursday, 25th March GfK German Consumer Climate (Apr) ECB […]

Bloomberg Startup Sold DNA Kits to Test Poop. Prosecutors Say It’s a Fraud (Bloomberg) — The founders of medical testing company uBiome Inc. were criminally charged with a $ 60 million fraud in an alleged scheme that reads like a smaller-scale, lower-profile version of the spectacular collapse of Theranos Inc.Offering products that allowed consumers and […]

The Majors It was a mixed week for the European majors in the week ending 19th March. The CAC40 fell by 0.80%, while the DAX30 and EuroStoxx600 ended the week gains of 0.82% and 0.06% respectively. Impressive economic data from China set the tone at the start of the week. Adding to the upside in […]

The Stats It was a slightly busier week on the economic calendar, in the week ending 19th March. A total of 53 stats were monitored, following 45 stats from the week prior. Of the 53 stats, 23 came in ahead forecasts, with 23 economic indicators coming up short of forecasts. There were 7 stats that […]

Social media London’s blue-chip index had its worst session since late February on Friday, touching the lowest level in almost a fortnight to track a fall in global equities. The FTSE 100 fell 70.97 points to 6,708.71, underperforming its European counterparts and recording its first weekly decline in three weeks. Boosting the weak sentiment was […]

By Peter Nurse Investing.com – European stock markets are seen opening largely lower Friday, following a sharp selloff in the tech sector on Wall Street while investors also fret about the increase in Covid-19 cases throughout the region. At 2:05 AM ET (0705 GMT), the DAX futures contract in Germany traded 0.1% higher, but CAC […]

Bloomberg SoftBank Seeks $ 1.2 Billion in Greensill Collapse (Bloomberg) — Greensill Capital owes more than $ 1.3 billion to creditors, with the bulk of those claims so far coming from the now-defunct fintech’s largest shareholder, SoftBank Group Corp.SoftBank, which had already invested $ 1.5 billion in return for a stake in the company that is […]

TipRanks 2 Cannabis Stocks to Benefit From New York Legalization; Analyst Says ‘Buy’ Sometimes, popular sentiment fuels a market boom, and nowhere is that more evident than in the legal marijuana industry. However, cannabis remains illegal in the US at the Federal level, rendering the various state-level legalization regimes a patchwork of disconnected policies. Still, […]

Bloomberg Dealers Shed More Than $ 80 Billion in Treasuries in Two Weeks (Bloomberg) — Dealers aren’t hanging around to find out whether regulatory exemptions that benefit the $ 21 trillion Treasury market will expire or not at the end of this month — they are exiting it en masse.Treasury holdings at primary dealers fell […]

Benzinga After Fed Keeps Rates Unchanged, Market Moves Mostly Higher, But Techs See-Saw A year after initiating zero interest rates in response to Covid, the Fed’s long-term outlook still doesn’t show it “thinking about thinking about” getting less accommodative with its policy before 2023. Despite mounting 10-year yields and a rapidly improving economy, the median […]

Bloomberg House-Flipping Lenders Are Throwing Cash at a Red-Hot U.S. Market (Bloomberg) — There are few easier ways to make a quick buck in America today than flipping houses. The real-estate market is red hot, profits on flips are at a record high — some $ 66,000 on average per home — and throngs of […]

The Guardian Police patrols have increased in Asian areas. Not everyone is feeling safer The increased presence has provided relief for some, while others argue it’s a temporary and ineffective solution to a crisis San Francisco police patrol the Chinatown neighborhood on 18 March. Photograph: John G Mabanglo/EPA Police in cities across the country increased […]

Biden Oil Moratorium (Copyright 2020 The Associated Press. All rights reserved.) The FTSE 100 fell after opening on Friday as oil prices tumbled on signs of lower demand in China and renewed fears of lockdowns in Europe. The index fell 1 per cent before rebounding to trade 0.6 per cent down at 6,743.07. BP and […]