LONDON — European markets were higher in morning trade as investors assessed China’s reopening and awaited key European inflation numbers. Britain’s FTSE 100 rose 2.1%, while Germany’s DAX index rose 1.4% and France’s CAC 40 rose 1.2%. Overall, the pan-European Stoxx 600 gained 1.6%, driven by travel stocks, up 2.7%. Preliminary German inflation figures for …
The Bank of Japan shocked global markets on Tuesday by widening the target range for its 10-year government bond yield. Kazuhiro Nogi | AFP | Getty Images Global markets were shaken overnight after the Bank of Japan unexpectedly widened its cap on Japanese 10-year government bond yieldstriggering a sell-off in bonds and stocks around the …
Bank of Japan shocks global markets with bond yield shift Read More »
Stocks in motion: CFF up 13%, Rational down 8% Swedish real estate company SBB saw its shares rise 13% by late afternoon, making gains on its previous increases, after presenting its pro forma earning capacity for 2023 following the sale of shares in education unit EduCo. At the bottom of the index, the German kitchen …
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Stocks fell on Thursday as interest rates jumped, with Federal Reserve officials signaling that interest rate hikes to curb inflation are far from over. The Dow Jones Industrial Average fell 245 points, or 0.7%. The S&P 500 slid 1.2%, while the Nasdaq Composite fell 1.4%. James Bullard, Chairman of the St. Louis Federal Reserve said …
Dow falls more than 200 points as rising yields spark recession fears Read More »
Stocks in motion: Informa up 6%, Roche down 4% Shares of Information climbed more than 6% in early trade to top the Stoxx 600 after the British publishing company updated its forecast for 2022. At the bottom of the Stoxx 600, rock fell 4.7% after the Swiss pharmaceutical company’s Alzheimer’s drug candidate failed two long-awaited …
European markets cautious as investors assess Fed outlook Read More »
Pearson education group up 8% after ‘outstanding’ growth in English learning Pearson shares rose 8% on Monday after the company reported underlying sales growth of 7% over the past nine months, beating market expectations. The education company said an “outstanding” performance in learning English had helped drive results, with English lessons seeing growth of 28%. …
UK government bond yields fall ahead of budget statement Yields on long-term UK government bonds, known as gilts, have fallen before a tax return by new Finance Minister Jeremy Hunt expected later today. Yields on 10-year gilts fell 19 basis points to trade around 4.129%. The 20-year gilt yield was down about 15 basis points …
European markets open higher, recession risks, data, earnings Read More »
Eurozone PMI falls to 20-month low as recession outlook rises Eurozone trade activity fell further than expected last month, raising the likelihood of a recession in the common 19-member currency bloc. S&P Global’s Final Composite PMI for the Eurozone (Purchasing Managers Index), considered a reliable indicator of economic health, fell to a 20-month low of …
Tui jumps 9.5% as travel stocks rally German travel agency You jumped 9.5% in the late afternoon as travel and leisure stocks surged amid a broader rally in European stocks. European markets rose on Tuesday, supported by an overnight rally on Wall Street. — Karen Gilchrist US stocks open higher; Dow jumps 400 points U.S. …
European markets bounce as global markets rally; Stoxx 600 up 3% Read More »
Stocks on the move: Greggs, Accelleron up 5% Shares of the British bakery chain Greggs gained 5.6% in early trade after reporting an increase in quarterly sales despite the worsening cost of living crisis and falling consumer confidence in the UK Acceleron shares rose 5% as investors bought the stock at a discount following the …
European markets climb as global markets rally; Stoxx 600 up 1.6% Read More »