Category: Europe

The Majors It was another choppy week for the European majors in the week ending 28th May. In the week ending 28th May, the CAC40 rose by 1.53%, with the EuroStoxx600 and the DAX30 ending the week up by 1.02% and 0.53% respectively. Economic data from the Eurozone and the U.S and updates from the […]

The Stats It was a quieter week on the economic calendar, in the week ending 28th May. A total of 41 stats were monitored, following 69 stats from the week prior. Of the 41 stats, 25 came in ahead forecasts, with 14 economic indicators coming up short of forecasts. There were 2 stats that were […]

The Stats It was a quieter week on the economic calendar, in the week ending 28th May. A total of 41 stats were monitored, following 69 stats from the week prior. Of the 41 stats, 25 came in ahead forecasts, with 14 economic indicators coming up short of forecasts. There were 2 stats that were […]

The Stats It was a quieter week on the economic calendar, in the week ending 28th May. A total of 41 stats were monitored, following 69 stats from the week prior. Of the 41 stats, 25 came in ahead forecasts, with 14 economic indicators coming up short of forecasts. There were 2 stats that were […]

Bloomberg Investment Firms Bet Against Cathie Wood’s Top ETF as Tech Faltered (Bloomberg) — Cathie Wood’s recent travails have been a boon for some of her peers in money management.About two dozen investment advisers including Balyasny Asset Management and a unit of Blackstone Group Inc. bought bearish put options during the first quarter on the […]

Morningstar Research Analyst Report: HP Inc. HP Inc. is a leading provider of computers, printers, and printer supplies. The company’s three operating business segments are its personal systems, containing notebooks, desktops, and workstations; and its printing segment which contains supplies, consumer hardware, and commercial hardware; and corporate investments. In 2015, Hewlett-Packard was separated into HP […]

Bloomberg Carmakers Forced by Chip Crisis to Rethink Just-In-Time Ordering (Bloomberg) — A century after automakers showed the world the value of assembly-line manufacturing, a shortage of semiconductors is teaching the industry a painful new lesson in what it takes to build a car.For most of its history, the industry has relied on a distinct […]

Bloomberg World Faces Longer Supply Shortage as China’s Factories Squeezed (Bloomberg) — Eric Li’s factory making glass lampshades for companies including Home Depot Inc. is being stretched to its limits with sales doubling their pre-pandemic level.But like many Chinese manufacturers, he doesn’t plan to expand operations — a reticence that could slow the pace of […]

Bloomberg World Faces Longer Supply Shortage as China’s Factories Squeezed (Bloomberg) — Eric Li’s factory making glass lampshades for companies including Home Depot Inc. is being stretched to its limits with sales doubling their pre-pandemic level.But like many Chinese manufacturers, he doesn’t plan to expand operations — a reticence that could slow the pace of […]

Bloomberg A Credit Suisse Unit Blacklisted Gupta as Another Bankrolled Him (Bloomberg) — Credit Suisse Group AG executives ignored warnings from colleagues about troubled steel tycoon Sanjeev Gupta as they channeled $ 1.2 billion of client funds to his businesses, according to people familiar with the matter.Bankers in Credit Suisse’s commodity trade-finance unit blacklisted Gupta’s […]

Friday, 28th May 2021 French Consumer Spending (MoM) (Apr) French GDP (QoQ) (Q1) Final French CPI m/m (May) Prelim French HICP m/m (May) Prelim The Majors It was relatively bullish day for the European majors on Thursday. The CAC40 led the way, rising by 0.69%, with the DAX30 and EuroStoxx600 gaining 0.28% and 0.24% respectively. […]

London’s FTSE 100 closed flat once again on Thursday, dragged down by housing heavyweights and oil companies. The blue chip index closed 7 points or 0.1 per cent down, at 7,020. Midcaps had a better day, outperforming blue-chips for a third straight session. The domestically focused FTSE 250 index rose 19 points to 22,659. US […]

The third lockdown is finally easing and many of us are enjoying our newly found freedom. We can now eat at restaurants and pubs, non-essential shops have opened and hair and beauty appointments are back on. However, it’s not all plain sailing from here. For some people, the lifting of restrictions is daunting — particularly […]

Bloomberg China Tech Giants Spend Billions to Fuel Growth After Crackdown (Bloomberg) — Beijing’s crackdown on its tech giants is fueling a noticeable phenomenon: it’s opened the spending floodgates.China’s largest internet corporations are digging deep into their pockets to open up new avenues of growth as Beijing curtails their most lucrative businesses from fintech to […]

London’s FTSE 100 closed flat on Wednesday, entering the red territory and down by almost three points. The UK’s top share index finished a shade down at 7,026, while, the midcap FTSE 250 went higher, ending the midweek session up over 201 points, or 0.90%, at 22,640. Shares in vaccine maker AstraZeneca fell 0.75 per […]

Rolls testbed – Rolls-Royce Rolls-Royce has opened the world’s largest indoor jet engine test bed, a £90m bet on the company’s future despite the current crash in air travel. Bigger than a football pitch, the facility in the company’s home town of Derby took three years to build and is capable of running the very […]

Tom Scholar, permanent secretary at HM Treasury. Photo: Parliament TV It is too early to tell what the cost of COVID-19 will be to taxpayers’ and the question is riddled with challenges, senior Treasury officials said, as they were grilled about the £372bn ($ 526bn) of taxpayers’ money that has been committed to the pandemic […]

Bloomberg China Tech Giants Spend Billions to Fuel Growth After Crackdown (Bloomberg) — Beijing’s crackdown on its tech giants is fueling a noticeable phenomenon: it’s opened the spending floodgates.China’s largest internet corporations are digging deep into their pockets to open up new avenues of growth as Beijing curtails their most lucrative businesses from fintech to […]

Bloomberg World Faces Longer Supply Shortage as China’s Factories Squeezed (Bloomberg) — Eric Li’s factory making glass lampshades for companies including Home Depot Inc. is being stretched to its limits with sales doubling their pre-pandemic level.But like many Chinese manufacturers, he doesn’t plan to expand operations — a reticence that could slow the pace of […]

Staff member at an NHS mobile vaccination and testing unit at Northumberland Retail Park as cases of the Indian-origin coronavirus variant continue to rise in Shiremoor, North Tyneside, England. Photo: Lee Smith/Reuters Stocks in Europe had a muted start to the day on Thursday, with London’s FTSE 100 (^FTSE) and the French CAC (^FCHI) opening […]