Category: Europe

By Peter Nurse Investing.com – European stock markets surged Monday, boosted by healthy manufacturing data in the region, a semblance of calm in global bond markets and more positive news of Covid-19 vaccines. At 5:05 AM ET (1005 GMT), the DAX in Germany traded 1.1% higher, the CAC 40 in France rose 1.5% and the […]

* Travel, mining stocks lead gains * BA owner IAG jumps on multiple PT hikes * Spain’s Amadeus tops STOXX 600 * Positive EU manufacturing data boosts sentiment (Updates with market close) By Sruthi Shankar and Ambar Warrick March 1 (Reuters) – European stocks ended higher on Monday after bond markets stabilized from a sharp […]

It was a busy morning on the economic calendar, with economic data from France, Germany, Italy, Spain, and the Eurozone in focus. Manufacturing Sector Activity It was another positive set of numbers this morning. Spain’s manufacturing PMI rose from 49.3 to 52.9, with Italy’s manufacturing PMI increasing from 55.1 to a 37-month high 56.9. For […]

* Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn * Graphic: World FX rates http://tmsnrt.rs/2egbfVh * Reuters Live Markets blog: (Updates prices, adds commentary and PMI detail) By Elizabeth Howcroft LONDON, March 1 (Reuters) – European shares jumped on Monday as bond yields stayed below their recent spikes, while risk assets also rallied and Wall Street futures indicated […]

Bloomberg Buffett’s ‘Tone Deaf’ Annual Letter Skirts Major Controversies (Bloomberg) — Warren Buffett’s 15-page annual letter to shareholders on Saturday made mention of the pandemic that ravaged the globe in 2020 exactly once: One of his furniture companies had to close for a time because of the virus, the billionaire noted on page nine.Buffett likewise […]

* Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn * Graphic: World FX rates http://tmsnrt.rs/2egbfVh * Reuters Live Markets blog: LONDON, March 1 (Reuters) – European shares jumped on Monday and the bond market calmed, with yields dropping from their recent spikes, while optimism about U.S. fiscal stimulus sent oil prices higher. After Asian stocks rallied overnight, European […]

Monday, 1st March Spanish Manufacturing PMI (Feb) Italian Manufacturing PMI (Feb) French Manufacturing PMI (Feb) Final German Manufacturing PMI (Feb) Final Eurozone Manufacturing PMI (Feb) Final Italian CPI (MoM) (Feb) Prelim German CPI (MoM) (Feb) Prelim Tuesday, 2nd March German Retail Sales (MoM) (Jan) German Unemployment Change (Feb) German Unemployment Rate (Feb) Eurozone CPI (YoY) […]

The Majors After a run of mixed weeks for the European majors, it was a bearish final week in the week ending 26th February. The EuroStoxx600 slid by 2.38%, with the CAC40 and the DAX30 ending the week down by 1.48% and by 1.22% respectively. For the CAC40 and EuroStoxx600 the weekly loss ended a […]

The Majors It was bullish month for the European majors in February, reversing January’s COVID-19 driven losses. The upside came in spite of a bearish final week of the month. The CAC40 rallied by 5.63%, with the DAX30 and EuroStoxx600 ending the month with gains of 2.63% and 2.31% respectively. In the final week of […]

The Stats It was a quieter week on the economic calendar, in the week ending 26th February. A total of 52 stats were monitored, following 72 stats from the week prior. Of the 52 stats, 27 came in ahead forecasts, with 19 economic indicators coming up short of forecasts. There were 6 stats that were […]

Bloomberg Texas Cities Fret as Power Bills Mount in Wake of Blackouts (Bloomberg) — The power supply shortages that slammed Texas last week drove spot electricity prices sky-high for some locally owned utilities, with one town on the hook for more than $ 200 million and other municipalities anxiously awaiting their bills.Denton, northwest of Dallas, […]

TipRanks Billionaire Ken Griffin Pulls the Trigger on These 2 Penny Stocks Risk and reward are the yin and yang of stock trading, the two opposite but essential ingredients in every market success. And there are no stocks that better embody both sides – the risk factors and the reward potentials – than penny stocks. […]

Benzinga Yield Sign Flashing: Spike In 10-Year Treasury Above 1.5% Spooks Market In Thursday Selloff The Fed has said it won’t raise rates. The market is saying “We may raise rates for you.” That’s arguably the story of today’s messy selloff. The 10-year Treasury yield flirted with and then finished above 1.5% for the first […]

Friday, 26th February French Consumer Spending (MoM) (Jan) French GDP (QoQ) (Q4) 2nd Estimate Spanish HICP (YoY) (Feb) Prelim Spanish CPI (YoY) (Feb) Prelim The Majors It was a bearish day for the European majors on Thursday. The CAC40 and EuroStoxx600 fell by 0.24% and by 0.36% respectively, with the DAX30 declining by 0.69%. Economic […]

The Telegraph Bailey warns of EU land grab from the City The Bank of England’s governor has warned the EU not to demand euro derivatives trading is settled in the bloc’s clearing houses, saying to do so would be a “very serious escalation”. Andrew Bailey said the bloc is pursuing a “location policy” as it […]

The Telegraph Bailey warns of EU land grab from the City The Bank of England’s governor has warned the EU not to demand euro derivatives trading is settled in the bloc’s clearing houses, saying to do so would be a “very serious escalation”. Andrew Bailey said the bloc is pursuing a “location policy” as it […]

* Reuters Live Markets blog: * Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn * Graphic: World FX rates http://tmsnrt.rs/2egbfVh(Updates prices, adds commentary and detail) By Elizabeth Howcroft LONDON, Feb 24 (Reuters) – European shares rose but U.S.stocks futures pointed to a further tech sell-off in WallStreet, as market participants weighed up signs of economicrecovery against fears of […]

Bloomberg A-Rod Joins Blank-Check Derby to Build the ‘Yankees of SPACs’ (Bloomberg) — After losing a deal for the New York Mets baseball team to billionaire Steve Cohen, Alex Rodriguez has another game he wants to win.The former all-star for the cross-town Yankees has joined the lengthening roster of financiers, executives, politicians, celebrities and athletes […]

By Elizabeth Howcroft LONDON (Reuters) – European shares rose but U.S. stocks futures pointed to a further tech sell-off in Wall Street, as market participants weighed up signs of economic recovery against fears of inflation. Falling tech stocks pulled Asian markets lower overnight, as recent gains in U.S. Treasury yields put lofty valuations under pressure. […]

By Peter Nurse Investing.com – European stock markets traded in a mixed fashion Wednesday, as traders digest stronger-than-expected German economic growth as well a swathe of corporate results. At 3:45 AM ET (0845 GMT), the DAX in Germany traded 0.4% higher, while the CAC 40 in France fell 0.1% and the U.K.’s FTSE index dropped […]