Category: Europe

Bloomberg China’s $ 1 Trillion Wealth Fund Gains 12% in ‘Unusual Year’ (Bloomberg) — China Investment Corp. posted a return of more than 12% on overseas investments in 2020 after markets rallied on loose monetary policies, marking a breakout year for China’s $ 1 trillion sovereign wealth fund.The unaudited returns bring the Beijing-based fund’s 10-year […]

Bloomberg Sands to Sell Vegas Hotels to Apollo, Vici for $ 6.25 Billion (Bloomberg) — Las Vegas Sands Corp., the world’s largest casino operator by market value, agreed to sell its properties in Las Vegas to Apollo Global Management Inc. and Vici Properties Inc. for $ 6.25 billion, refocusing the company on its successful Asian […]

Markets fell across Asia and in the US (Copyright 2021 The Associated Press. All rights reserved) The FTSE 100 opened lower on Thursday after markets in the US and Asia tumbled overnight. Share prices declined sharply on Wall Street as investors sold off fast-growing technology companies in favour of firms set to profit from the […]

Thursday, 4th March German IHS Markit Construction PMI (Feb) ECB Economic Bulletin Eurozone Retail Sales (MoM) (Jan) Eurozone Unemployment Rate (Jan) Friday, 5th March German Factory Orders (MoM) (Jan) The Majors It was another relatively bullish day for the European majors on Wednesday. The CAC40 and the DAX30 saw gains of 0.35% and 0.29% respectively, […]

By Peter Nurse Investing.com – European stock markets traded higher Wednesday, on optimism that the global vaccination program will lead to a prompt economic recovery, while attention turns to the annual U.K. budget statement. At 3:45 AM ET (0845 GMT), the DAX in Germany traded 0.9% higher, the CAC 40 in France rose 0.8% and […]

By Geoffrey Smith Investing.com — The cyclicals rally in Europe shifted up a gear on Wednesday, bolstered by hopes that the key export market of the U.S. will be fully reopened faster than previously thought, compensating for a still-uneven recovery at home. The cyclicals-heavy DAX in Germany hit an all-time high in early trading before […]

Bloomberg A $ 21 Trillion Treasuries Mystery Is Bedeviling Global Markets (Bloomberg) — Bond traders have been saying for years that liquidity is there in the world’s biggest bond market, except when you really need it.Last week’s startling gyrations in U.S. Treasury yields may offer fresh backing for that mantra, and prompt another bout of […]

It was yet another busy morning on the economic calendar, with Service and Composite PMIs from Spain and Italy in Focus. Finalized PMIs for France, Germany, and for the Eurozone also provided direction. The Member States Spain In February, Spain’s services PMI increased from 41.7 to 43.1. Economists had forecast an increase to 43.0. According […]

Bloomberg Rishi Sunak Pours More Fuel On U.K.’s Scorching Housing Rally (Bloomberg) — Chancellor Rishi Sunak unveiled a fresh wave of support for home buyers across the U.K., adding further fuel to one of the economy’s only bright spots during the pandemic.The government postponed the deadline for a tax break on purchases for six months, […]

Housebuilders Barratt, Persimmon and Taylor Wimpey were all up more than 3 per cent (AFP via Getty Images) The FTSE 100 rose on Wednesday ahead of Rishi Sunak’s Budget speech in which he has promised to do “whatever it takes” to protect UK jobs and livelihoods. The FTSE followed European and Asian markets higher, adding […]

Wednesday, 3rd March Spanish Services PMI (Feb) Italian Services PMI (Feb) French Services PMI (Feb) Final German Services PMI (Feb) Final Eurozone Markit Composite PMI (Feb) Final Eurozone Services PMI (Feb) Final Thursday, 4th March German IHS Markit Construction PMI (Feb) ECB Economic Bulletin Eurozone Retail Sales (MoM) (Jan) Eurozone Unemployment Rate (Jan) Friday, 5th […]

By Peter Nurse Investing.com – European stock markets are seen opening lower Tuesday, handing back some of the sharp gains made during the previous session as investors digest a fresh warning about the coronavirus. At 2:05 AM ET (0705 GMT), the DAX futures contract in Germany traded 0.6% lower, CAC 40 futures in France dropped […]

By Peter Nurse Investing.com – European stock markets traded mixed Tuesday, with investors digesting a fresh warning about the coronavirus as well as an abundance of corporate news. At 3:50 AM ET (0850 GMT), the DAX in Germany traded 0.5% lower, the CAC 40 in France fell 0.1% and the U.K.’s FTSE index dropped 0.2%. […]

It was a relatively busy morning on the economic calendar, with economic data from Germany and the Eurozone in focus. Consumer Spending After a string of positive stats from Germany and the Eurozone in recent days, retail sales disappointed this morning. Month-on-month, retail sales fell by 4.5% in January, following an upwardly revised 9.1% slide […]

Bloomberg Goldman Sees Asia Stock Opportunities After Yield-Led Slide (Bloomberg) — The biggest slump in Asian stocks since March hasn’t shaken the faith of strategists, who recommend buying regional cyclical shares on expectations of a strong economic rebound from the pandemic.Growth can offset rate risks, a Goldman Sachs Group Inc. team including Timothy Moe wrote […]

(SHAUN CURRY/AFP/Getty Images) The FTSE 100 edged higher on Tuesday morning, rising 0.1 per cent despite a warning from China that global financial markets are in a bubble. Guo Shuqing, head of the China Banking and Insurance Regulatory Commission, said markets in the US and Europe were trading at high levels which “runs counter to […]

By Joice Alves and Ritvik Carvalho LONDON (Reuters) – A surging pound is failing to hold back Britain’s exporter-heavy blue-chip FTSE 100 in 2021, as its impact is outweighed by expectations vaccine rollouts will boost global economic growth and commodity prices will rise. Sterling, the best performing G10 currency in 2021, has risen to near […]

By Julie Zhu HONG KONG, March 2 (Reuters) – Asia stocks dropped on Tuesday and European equity futures fell as a senior Chinese official expressed wariness about the risk of asset bubbles in foreign markets and a recent bond market sell-off still weighed on investor sentiment. European markets appeared set for a lower open with […]

By Julie Zhu HONG KONG (Reuters) – Asia stocks dropped on Tuesday and European equity futures fell as a senior Chinese official expressed wariness about the risk of asset bubbles in foreign markets and a recent bond market sell-off still weighed on investor sentiment. European markets appeared set for a lower open with Euro Stoxx […]

Tuesday, 2nd March German Retail Sales (MoM) (Jan) German Unemployment Change (Feb) German Unemployment Rate (Feb) Eurozone CPI (YoY) (Feb) Prelim Wednesday, 3rd March Spanish Services PMI (Feb) Italian Services PMI (Feb) French Services PMI (Feb) Final German Services PMI (Feb) Final Eurozone Markit Composite PMI (Feb) Final Eurozone Services PMI (Feb) Final Thursday, 4th […]