Category: Europe

(PA) European stock markets dipped on Wednesday as investors remained nervous about a sell-off of government debt and rising inflation. The FTSE 100 traded 0.5 per cent down at 6,693.52 after markets opened while the FTSE 250, which contains fewer big multinationals and more UK-focused firms, was 0.1 per cent lower at 21,364.69. The Stoxx […]

* Europe and Asia markets higher after U.S. tech stock surge * Steadier bonds ease investor anxiety * Market still wary of bond yields ahead of auctions By Marc Jones LONDON, March 10 (Reuters) – World share markets inched higher on Wednesday after a stunning reboot in U.S. tech stocks, while the dollar and benchmark […]

The Daily Beast Child Forced to Watch Beheadings: Rare Inside Look Into the Mozambique Massacres Nyasha KadandaraPEMBA, Mozambique—Last year, 10-year-old Maria Antumane was forced to watch as a group of militant men carried out a gruesome attack on her village, Bilibiza. Armed with machetes and guns, the men had ordered her to keep her eyes […]

Thursday, 11th March ECB Interest Rate Decision (Mar) ECB Press Conference Friday, 12th March German CPI (MoM) (Feb) Spanish CPI (YoY) (Feb) Spanish HICP (YoY) (Feb) Eurozone Industrial Production (MoM) (Jan) The Majors It was a relatively bullish day for the European majors on Tuesday, which consolidated Monday’s breakout day. The EuroStoxx600 rose by 0.86%, […]

* European stocks 0.5% firmer * DAX hits record high for 3rd time in a week * China shares close to correction * OECD hikes 2021 growth forecast to 5.6% * U.S. Treasury yields fall By Tom Arnold LONDON, March 9 (Reuters) – Global stocks gained on Tuesday as hopes of a robust economic recovery […]

Market jitters were soothed on Tuesday by a more upbeat assessment on the prospects for a global recovery from the OECD (PA) The FTSE 100 rose 0.6 per cent on Tuesday morning as fears eased about a sell-off of government debt and prospects for the global economy brightened. The blue-chip index of leading shares hit […]

Woman using face wash. Unilever will drop the word “normal” from its beauty products and ban excessive editing of models’ photos in a push for inclusivity. Dove’s owner said the editing ban would apply to “body shape, size, proportion and skin colour” and “normal” would be removed from 200 products. Its boss said it wanted […]

Tuesday, 9th March German Trade Balance (Jan) French Non-Farm Payrolls (QoQ) (Q4) Eurozone GDP (QoQ) (Q4) Final Eurozone GDP (YoY) (Q4) Final Thursday, 11th March ECB Interest Rate Decision (Mar) ECB Press Conference Friday, 12th March German CPI (MoM) (Feb) Spanish CPI (YoY) (Feb) Spanish HICP (YoY) (Feb) Eurozone Industrial Production (MoM) (Jan) The Majors […]

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * European banks hit fresh 1-year high * Rising yields lifts cyclical stocks * Pearson jumps on targeting consumers directly with new strategy (Adds comments, updates prices throughout) By Sruthi Shankar and Shreyashi Sanyal […]

The FTSE 100 rose marginally on Monday as oil prices jumped following attacks on a Saudi oil facility. BP and Shell, two of the largest components of the index of 100 leading shares, both saw share prices increase while mining stocks, including Rio Tinto, Anglo American and BHP, gained between 0.9 per cent and 1.2 […]

Bloomberg Biggest Players in the Short-Selling Game Are Getting a Pass (Bloomberg) — It’s in the air again, on Reddit, in Congress, in the C-suite: Hedge funds that get rich off short-selling are the enemy. The odd thing is, the biggest players in the game are getting a pass.Those would be the asset managers, pension […]

Monday, 8th March German Industrial Production (MoM) (Jan) Tuesday, 9th March German Trade Balance (Jan) French Non-Farm Payrolls (QoQ) (Q4) Eurozone GDP (QoQ) (Q4) Final Eurozone GDP (YoY) (Q4) Final Thursday, 11th March ECB Interest Rate Decision (Mar) ECB Press Conference Friday, 12th March German CPI (MoM) (Feb) Spanish CPI (YoY) (Feb) Spanish HICP (YoY) […]

On the Macro It’s a quieter week ahead on the economic calendar, with 42 stats in focus in the week ending 12th March. In the week prior, 70 stats had been in focus. For the Dollar: It’s a quieter week ahead. February inflation figures are due out on Wednesday and Friday along with consumer sentiment […]

The Majors After a bearish final week of the month in February, it was a bullish start to the month in March. The CAC40 rallied by 1.39%, with the DAX30 and the EuroStoxx600 seeing gains of 0.97% and 0.88% respectively. Through the early part of the week, better than expected manufacturing PMI figures provided the […]

The Stats It was a busier week on the economic calendar, in the week ending 5th March. A total of 70 stats were monitored, following 52 stats from the week prior. Of the 70 stats, 40 came in ahead forecasts, with 25 economic indicators coming up short of forecasts. There were 5 stats that were […]

Bloomberg Bitcoin Could Reach $ 1 Million or More, Kraken CEO Says (Bloomberg) — As the leader of crypto exchange Kraken, Jesse Powell is bound to be bullish on Bitcoin. Yet he’s projecting a disruptive future that would stretch the imagination of even the most ardent crypto fans.In a Bloomberg Television interview, Powell said Bitcoin […]

Bloomberg Melvin Capital Dusts Off From GameStop Fiasco With 22% Gain (Bloomberg) — Gabe Plotkin spent the first half of January defending his hedge fund’s portfolio from a Reddit mob, the second half trying to convince investors he can survive a 53% loss, and early February explaining to Congress what happened.Now with the public spectacle […]

Bloomberg Melvin Capital Dusts Off From GameStop Fiasco With 22% Gain (Bloomberg) — Gabe Plotkin spent the first half of January defending his hedge fund’s portfolio from a Reddit mob, the second half trying to convince investors he can survive a 53% loss, and early February explaining to Congress what happened.Now with the public spectacle […]

Friday, 5th March German Factory Orders (MoM) (Jan) The Majors It was a mixed day for the European majors on Thursday. Mixed economic data from the Eurozone and the U.S provided little support for the European boerses. The lingering fear of the impact of reinflation on monetary policy continued to weigh on the majors late […]

Bloomberg Bitcoin Could Reach $ 1 Million or More, Kraken CEO Says (Bloomberg) — As the leader of crypto exchange Kraken, Jesse Powell is bound to be bullish on Bitcoin. Yet he’s projecting a disruptive future that would stretch the imagination of even the most ardent crypto fans.In a Bloomberg Television interview, Powell said Bitcoin […]