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LONDON — European stocks are expected to plunge at the open on Thursday as global markets react badly to the latest monetary policy decision from the U.S. Federal Reserve. Global markets are reacting badly to the Federal Reserve's indication on Wednesday that it could soon raise interest rates for the first time in more than three years. The Fed's policymaking group said a quarter-percentage point increase to its benchmark short-term borrowing rate is likely forthcoming. U.S. stock futures fell Wednesday night; futures tied to the Dow erased earlier gains and declined 398 points, or 1.17%. Asia-Pacific markets fell across the board on Thursday overnight.
Persons: Germany's DAX, Dow, Jeff Cox, Tanaya Macheel, Abigail Ng Organizations: U.S . Federal Reserve, CAC, IG, Global, Federal, Market, Nasdaq, Nikkei, Hang Seng, Deutsche Bank, SAP, Banco Sabadell, Diageo, STMicroelectronics, Renault, Nissan, Mitsubishi, CNBC, CNBC Pro Locations: U.S, Asia, Pacific, South Korea, Hong Kong, Europe, LVMH, easyJet
EU rejectionIn November 2013, Viktor Yanukovych, Ukraine's pro-Russian president, rejected closer ties with the European Union by refusing to sign an association agreement on the eve of a summit in Vilnius, Lithuania. Yanukovych was pressured by Russia, which subsequently offered Ukraine economic assistance to the tune of $15 billion. Beeldbewerking | iStock | Getty ImagesMarkets roiledA market rally on Wall Street faded Friday afternoon on rumors of the Russian military action. Elsewhere, companies with high exposure to Russia and Ukraine included French carmaker Renault, which fell 5% that Monday, and Italy's UniCredit, which dropped 4.1%. 'Little green men'The Russian president initially denied that the unbadged soldiers in Crimea — now known as Putin's "little green men" — were Russian troops, before an admission the following month.
Persons: Vladimir Putin, Ivan Buvaltsev, Sergei Shoigu, Mikhail Klimentyev, Viktor Yanukovych, Ukraine's, Yanukovych, Ukraine's hryvnia, DAX —, Sberbank, French carmaker, Italy's, , Sean Gallup Organizations: AFP, Getty, European Union, International Monetary Fund, iStock, Gazprom, Mobile, French carmaker Renault Locations: Russian, Leningrad, Ukrainian, Crimea, Ukraine, Donetsk, Luhansk, Kyiv, EU, Vilnius, Lithuania, Russia, Brussels, Moscow, French, Crimea —, Perevalne
Global stocks slid on Thursday, reacting to the Fed setting the stage for an interest rate hike in March. A hawkish Fed and Chairman Jerome Powell's greater concern over inflation has sent investors into a tailspin. Global stocks fell on Thursday after the Federal Reserve signaled it would start hiking interest rates at its March meeting, spooking investors that tighter policy will lower liquidity in financial markets, which had led to exuberant valuations. But during Jerome Powell's hawkish press conference, the narrative around greater concerns of inflation and tighter rate policy undid gains immediately. During the conference, Powell warned inflation remains above the Fed's goal of 2% and that there's a risk "high inflation is more persistent than expected."
Persons: Jerome Powell's, Dow Jones, Callie Cox, Jerome Powell's hawkish, Anthony, Powell, Chris Weston, Pepperstone's, Powell didn't, Frankfurt's DAX, Hang Seng Organizations: Fed, Bell, Federal Reserve, Dow, Nasdaq, Shanghai, Tokyo's Nikkei, Brent, Deutsche Bank, West Texas Locations: Europe, Russia, Ukraine
LONDON — European stocks are expected to open higher on Wednesday as investors brace themselves for the latest monetary policy announcement from the U.S. Federal Reserve. The U.K.'s FTSE index is seen opening 69 points higher at 7,446, Germany's DAX 81 points higher at 15,217, France's CAC 40 up 53 points at 6,898 and Italy's FTSE MIB 266 points higher at 26,172, according to data from IG. The positive start expected for Europe comes after markets in the region closed higher on Tuesday, recouping some losses from Monday's sharp sell-off as investors sifted through a fresh batch of corporate earnings. On Wednesday, however, global investors are focused on the latest policy update from the Fed when its two-day meeting ends.
Persons: Germany's DAX Organizations: U.S . Federal Reserve, CAC, IG Locations: Europe
LIVE MARKETS No time to waver, Chair Powell
  + stars: | 2022-01-26 | by ( ) www.reuters.com   time to read: +3 min
Summary European shares up 1%Nasdaq futures riseJan 26 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.comNO TIME TO WAVER, CHAIR POWELL (0805 GMT)Some previous market tantrums over a looming tightening in policy made central bankers think twice about taking away hefty monetary support. Yet, for the Federal Reserve, concluding a two-day meeting later on Wednesday, things are now different. With central banks in the spotlight, Asian stock markets steadied after three sessions of losses. U.S. and European stock futures were higher.
Persons: POWELL, Jerome Powell, Joe Biden, Vladimir Putin, Kimberly Clark, Barry Callebaut, DAX, Danilo Masoni Organizations: Federal Reserve, Fed, Bank of, Microsoft, Bank of Canada, Boeing, Nasdaq, Intel, Tesla, Whirlpool, Sage Group, Reserve, Thomson Locations: Bank of Canada, Russia, Ukraine, Europe, China, Frankfurt, Asia
LIVE MARKETS When does tech look attractive again?
  + stars: | 2022-01-26 | by ( ) www.reuters.com   time to read: +9 min
You can share your thoughts with us at markets.research@thomsonreuters.comWHEN DOES TECH LOOK ATTRACTIVE AGAIN? The bad news is there seems to be room for tech stocks to potentially become a bit more cheaper yet. Equity research this morning painted an overall reassuring picture for global stock markets. With central banks in the spotlight, Asian stock markets steadied after three sessions of losses. Contracts on the Euro STOXX 50, DAX and FTSE indices were up 0.7%-0.9%, while Nasdaq futures rose 0.5% after another volatile day on Tuesday that saw renewed pressure on tech stocks.
Persons: Stefano Rebaudo, Julien Ponthus, UBS GWM, Bernstein, Jim Solloway, Here's, BoE, Joice Alves, Danilo Masoni, POWELL, Jerome Powell, Joe Biden, Vladimir Putin, Kimberly Clark, Barry Callebaut, DAX Organizations: UBS, Equity, Citi, U.S, Barclays European, Corrections, Citi Research, Bank of England, Federal Reserve, Fed, Bank of, Microsoft, Bank of Canada, Boeing, Nasdaq, Intel, Tesla, Whirlpool, Sage Group, Reserve, Thomson Locations: 23.6x, Ukraine, Bank of Canada, Russia, Europe, China, Frankfurt, Asia
European stocks are expected to open higher on Tuesday as investors in the region appeared to shrug off volatility in global markets at the start of the week, and concerns over Ukraine. The U.K.'s FTSE index is seen opening 21 points higher at 7,328, Germany's DAX 79 points higher at 15,127, France's CAC 40 up 35 points at 6,842 and Italy's FTSE MIB up 267 points at 26,137, according to data from IG. The higher open for European stocks comes after they tumbled on Monday, following wild volatility on Wall Street. Investors are now bracing themselves for an update from the U.S. Federal Reserve and remain focused on tensions between Ukraine and Russia. The Federal Open Market Committee starts its two-day meeting on Tuesday at which it will decide on the next steps for U.S. monetary policy.
Persons: Germany's DAX, Jerome Powell Organizations: CAC, IG, Investors, U.S . Federal Reserve, Market Committee, U.S Locations: Ukraine, Russia
LIVE MARKETS Buy the dip? Or pray for Fed put?
  + stars: | 2022-01-25 | by ( ) www.reuters.com   time to read: +3 min
OR PRAY FOR FED PUT? (0814 GMT)Bears are on the prowl in markets while a different sort menaces Europe's eastern flank. The impulse hasn't carried through, with Asia deep in the red and Wall Street futures down almost 2%. South Korean GDP expanded at the fastest pace in 11 years and of the U.S. companies that have reported Q4 earnings, 77% beat forecasts. And after all, they add "the worst-case scenario could see the return of the Fed put".
Persons: haven't, Johnson, SEB, Remy Cointreau, Sujata Rao, DAX, Danilo Masoni Organizations: Fed jitters, Fed, JPMorgan, nasdaq, Credit Suisse, Johnson, Xerox, Invesco, American Express, Verizon, Microsoft, Capital, Logitech, Ericsson, Nasdaq, Thomson Locations: Ukraine, Asia, U.S, Singapore, Germany, Hungary
LIVE MARKETS Money markets bowing to pressure
  + stars: | 2022-01-25 | by ( ) www.reuters.com   time to read: +6 min
You can share your thoughts with us at markets.research@thomsonreuters.comMONEY MARKETS BOWING TO PRESSURE (0945 GMT)Interest rate betting markets have been broadly impervious to the stock market selloff in recent days but signs around the edges show that THIS may be changing. While that changed quickly as U.S. stocks staged an impressive recovery into the close, medium term expectations have taken a hit. (0814 GMT)Bears are on the prowl in markets while a different sort menaces Europe's eastern flank. Or was it a function of all those short Nasdaq positions, which suddenly found themselves in the money? The impulse hasn't carried through, with Asia deep in the red and Wall Street futures down almost 2%.
Persons: Saikat Chatterjee, Danilo Masoni, haven't, Johnson, SEB, Remy Cointreau, Sujata Rao, DAX Organizations: Fed jitters, U.S . Federal Reserve, Nasdaq, Fed, Logitech, Ericsson, Swatch, Credit Suisse, JPMorgan, nasdaq, Johnson, Xerox, Invesco, American Express, Verizon, Microsoft, Capital, Thomson Locations: Ukraine, U.S, Swiss, Asia, Singapore, Germany, Hungary
LIVE MARKETS Buying a dead cat, betting on the "Fed Club"
  + stars: | 2022-01-25 | by ( ) www.reuters.com   time to read: +8 min
You can share your thoughts with us at markets.research@thomsonreuters.comBUYING A DEAD CAT, BETTING ON THE "FED CLUB" (1103 GMT)There's a lot of scepticism out there on how sustainable yesterday's rebound really is. Register now for FREE unlimited access to Reuters.com RegisterEuropean bourses may be currently rising but they're nowhere near making up for the last session's rout and Wall Street futures are currently trading in the red. "We could be looking at a dead cat bounce rather than the start of a market recovery", warned Russ Mould, AJ Bell's investment director. "That’s the assumed rule of Fed Club: you do not talk about it; you do not talk about it; but as soon as markets yell “stop!”, or go limp, or tap out, the Fed is over". The impulse hasn't carried through, with Asia deep in the red and Wall Street futures down almost 2%.
Persons: Russ Mould, AJ, Michael Every, Edward Norton, Brad Pitt, Susannah Streeter, Hargreaves Lansdown, Mark Haefele, UBS GWM, Julien Ponthus, Saikat Chatterjee, Danilo Masoni, haven't, Johnson, SEB, Remy Cointreau, Sujata Rao, DAX Organizations: Fed jitters, Wall, Rabobank, Fed, UBS, U.S . Federal Reserve, Nasdaq, Logitech, Ericsson, Swatch, Credit Suisse, JPMorgan, nasdaq, Johnson, Xerox, Invesco, American Express, Verizon, Microsoft, Capital, Thomson Locations: Ukraine, U.S, Swiss, Asia, Singapore, Germany, Hungary
LIVE MARKETS Time to kiss U.S. exceptionalism goodbye?
  + stars: | 2022-01-25 | by ( ) www.reuters.com   time to read: +10 min
You can share your thoughts with us at markets.research@thomsonreuters.comTIME TO KISS U.S. EXCEPTIONALISM GOODBYE? (1311 GMT)One key feature of equity markets so far in 2022 is that European bourses are outperforming Wall Street and might very well continue to do so, many strategists believe. European bourses may be currently rising but they're nowhere near making up for the last session's rout and Wall Street futures are currently trading in the red. (0814 GMT)Bears are on the prowl in markets while a different sort menaces Europe's eastern flank. The impulse hasn't carried through, with Asia deep in the red and Wall Street futures down almost 2%.
Persons: Gustavo Medeiros, Donald Trump, Joe Biden’s, Medeiros, Julien Ponthus, Russ Mould, AJ, Michael Every, Edward Norton, Brad Pitt, Susannah Streeter, Hargreaves Lansdown, Mark Haefele, UBS GWM, Saikat Chatterjee, Danilo Masoni, haven't, Johnson, SEB, Remy Cointreau, Sujata Rao, DAX Organizations: Fed jitters, Reuters.com, Ashmore, Wall, Rabobank, Fed, UBS, U.S . Federal Reserve, Nasdaq, Logitech, Ericsson, Swatch, Credit Suisse, JPMorgan, nasdaq, Johnson, Xerox, Invesco, American Express, Verizon, Microsoft, Capital, Thomson Locations: Ukraine, European, U.S, Swiss, Asia, Singapore, Germany, Hungary
LONDON — European stocks are expected to open lower on Monday as investors brace themselves for the next meeting of the U.S. Federal Reserve this coming week, and watch for developments in Ukraine as tensions with Russia grow. The U.K.'s FTSE index is seen opening 15 points lower at 7,470, Germany's DAX down 35 points at 15,543, France's CAC 40 down 17 points at 7,040 and Italy's FTSE MIB 36 points lower at 26,832, according to data from IG. European markets are set to follow their Asia-Pacific counterparts lower on Monday as investors react to heightened tensions between the Ukraine and Russia, and look ahead to the U.S. Federal Reserve's monetary policy meeting this week. In the meantime, markets are likely to be shaken by concerns that there could be an imminent military conflict between Ukraine and Russia. On Saturday, the U.K. accused the Kremlin of seeking to install a pro-Russian leader in Ukraine.
Persons: Germany's DAX, Jerome Powell, CNBC's Amanda Macias, Saheli Roy Choudhury Organizations: U.S . Federal, CAC, IG, U.S, The U.S . State Department, State Department, Philips, CNBC, CNBC Pro Locations: Ukraine, Russia, Asia, U.S ., The
French and Benelux stocks-Factors to watch
  + stars: | 2022-01-24 | by ( ) www.reuters.com   time to read: +2 min
Jan 24 (Reuters) - Below are company-related news and stories from French and Benelux media which could have an impact on the region's markets or individual stocks. ORANGE (ORAN.PA):France's biggest telecoms operator, is on course to name Christel Heydemann as its new chief executive, making her the first woman to lead the former monopoly amid a revamp of its governance, two sources said on Sunday. Register now for FREE unlimited access to Reuters.com RegisterRENAULT SA RENA.PA>:Renault, Nissan Motor Co and Mitsubishi Motors Corp (7211.T) plan to triple their investment to jointly develop electric vehicles (EVs), two people with knowledge of the plan told Reuters. read morePan-European market data:European Equities speed guide...................FTSE Eurotop 300 index..............................(.FTEU3)DJ STOXX index......................................(.STOXX)Top 10 STOXX sectors...........................(.PGL.STOXXS)Top 10 EUROSTOXX sectors......................(.PGL.STOXXES)Top 10 Eurotop 300 sectors.....................(.PGL.FTEU3S)Top 25 European pct gainers.......................(.PG.PEUR)Top 25 European pct losers........................(.PL.PEUR)Main stock markets:Dow Jones...............(.DJI) Wall Street report .....Nikkei 225.............(.N225) Tokyo report............FTSE 100...............(.FTSE) London report...........Xetra DAX.............(.GDAXI) Frankfurt items..........FCAC-40.................(.FCHI) Paris items.............PAWorld Indices.....................................Reuters survey of world bourse outlook.........European Asset Allocation........................Reuters News at a glance:Top News.............Equities..............Main oil report...........Main currency report.....Register now for FREE unlimited access to Reuters.com RegisterOur Standards: The Thomson Reuters Trust Principles.
Persons: Christel, Dow Jones, Xetra DAX Organizations: France's, Reuters.com, RENAULT SA, Renault, Nissan Motor Co, Mitsubishi Motors Corp, pct, Dow, Nikkei, FTSE, CAC, Reuters, Thomson Locations: Benelux, Tokyo, London, Frankfurt, Paris
Investors are starting to tune in to the situation in Ukraine as fears grow that Russian President Vladimir Putin, who has been amassing troops on the country's border , could order an invasion. "It suggests there is a real concern that diplomacy alone may not be enough to prevent a Russian incursion into Ukraine." That's rattled stock and bond markets, which had become accustomed to rock-bottom rates during the pandemic. The CNN Business Fear & Greed Index finished last week in "fear" territory. Is the stock market a 'superbubble' about to burst?
Persons: it's, Vladimir Putin, Michael Hewson, Germany's DAX, Hewson, Goldman Sachs, Francesco Pesole, Nelson Peltz, Alan Jope, Jope, Unilever's, Jope's, Jeremy Grantham, Grantham —, , Grantham, Johnson, Lockheed Martin Organizations: CNN Business, Bell, CNN, Federal, CMC Markets, CAC, State Department, IHS Markit, ING, behemoth, Unilever, GlaxoSmithKline, Philips, Halliburton, IBM, Johnson, Verizon, Microsoft, Texas Instruments Locations: London, Ukraine, United States, United Kingdom, Europe, Russia, States
Stock Market and Business News: Live Updates
  + stars: | 2022-01-24 | by ( Coral Murphy Marcos | ) www.nytimes.com   time to read: +5 min
Technology stocks, which have been on the leading edge of the market decline this year, were walloped again on Monday: The tech-heavy Nasdaq composite slid more than 4.5 percent. The Nasdaq had already crossed the correction threshold last week and is now down 17 percent from its November high. Those low rates also helped fuel a massive rally in stock prices. Now that the Fed is likely to take away that support, investors are rethinking their expectations for corporate profits and what they’re willing to pay for stocks. The drop on Monday also came amid rising concerns about tension between Russia and Ukraine that pulled European stock benchmarks sharply lower.
Persons: walloped, “ You’re, , John Canavan, Mr, Canavan, Gennadiy Goldberg, Goldberg, Dax, Jeanna Smialek, Jeff Sommer, Read Organizations: Federal Reserve, Technology, Nasdaq, Dow, lockdowns, Oxford Economics, Fed, Analysts, . Securities, NATO, State Department Locations: U.S, ., Russia, Ukraine, Baltics, Eastern Europe, Kyiv, Europe, Germany
Scott Heins/Getty ImagesUS stock markets look set to mark another day of losses Friday after a brutal tech sell-off. Investors are anxiously awaiting the Fed's policy meeting next week for details on its plan to cool inflation. Nasdaq futures fell 0.4% in premarket trading after tech stocks came under renewed pressure. European markets fell sharply too. "The price slide was triggered by sentiment becoming generally more gloomy, as also reflected in noticeably falling stock markets," said Commerzbank's Carsten Fritsch.
Persons: Scott Heins, Dow Jones, it's, Janet Yellen, she's, Biden, Jeremy Grantham, Seng, Frankfurt's DAX, Commerzbank's Carsten Fritsch, Bitcoin, Goldman Sachs Organizations: Getty, Investors, Bell, Nasdaq, Federal, Netflix, Disney, Tech, UBS, Fed, Tokyo's Nikkei, Omicron, Brent, West Texas Locations: Asia, China, Shanghai, Eastern Europe, Russia
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 5, 2018. Oil prices pulled back too as another bout of risk aversion spread across markets and sent traders looking for safety in government bonds. Disappointing subscriber growth at streaming giant Netflix, which sent its share price tumbling nearly 20% late on Thursday, added to nerves. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) skidded 1%, dragged by Australian shares (.AXJO), while Japan's Nikkei stock index (.N225) slid 0.9%. He added that while the economy could handle rate hikes, markets might not and they needed to realise "the Fed is no longer your friend".
Persons: Germany's DAX, Mike Kelly, FOMC, Janet Yellen, Kyle Rodda, Rodda, Brent, Sujata Rao, Kanupriya Kapoor, Stella Qiu, Raissa Organizations: REUTERS, Staff, Netflix, Nasdaq, Wall, Japan's Nikkei, Fed, U.S, Treasury, IG Markets, Thomson Locations: Frankfurt, Germany, Europe, Asia, St, U.S, United States, Pacific, Japan, China, PineBridge, London, Singapore
European markets set to slide, tracking global momentum
  + stars: | 2022-01-21 | by ( Elliot Smith | ) www.cnbc.com   time to read: +1 min
LONDON — European markets are set to tumble on Friday, tracking a global pullback for risk assets. The expected opening losses come after sharp declines on Wall Street as rising rates continue to exert downward pressure on technology stocks by making future profits less attractive. The declines were deepened by a plunge in Netflix shares after the company's fourth-quarter earnings report showed a slowdown in subscriber growth. U.S. stock futures indicate further losses at Friday's open, while markets in Asia-Pacific also tumbled overnight. An initial "flash" consumer confidence reading for the euro zone is expected on Friday afternoon.
Persons: Germany's DAX Organizations: CAC, Netflix Locations: Asia, Pacific, Europe
Xinhua News Agency/Getty ImagesUS futures rose on Thursday, as healthy corporate earnings helped offset some concern about the inflation outlook. Asian markets were up after China cut key lending rates, while European stocks were mixed. Tech stocks in particular have been hard hit. "Next week we see a slew of tech earnings which have the ability to magnify or reverse the move," he said. Streaming platform Netflix was due to report earnings later on Wednesday.
Persons: Morgan Stanley, Jim Reid, Janet Yellen, Seng, Germany's DAX, Michael Hewson, Brent Organizations: Xinhua News Agency, Getty, Netflix, Nasdaq, Dow Jones, Federal Reserve, Tech, Dow, Consumer, Procter, Gamble, Bank of America, Deutsche Bank, Apple, Microsoft, US, Mayors, Bloomberg, Stocks, CSI, Shanghai, CAC, CMC, Bond, Treasury, Fed Locations: China, Asia
LONDON — European stocks are expected to open higher on Thursday as investors appeared to brush off concerns about rampant inflation. The U.K.'s FTSE index is expected to open 15 points higher at 7,605, Germany's DAX 9 points higher at 15,818, France's CAC 40 up 9 points at 7,182 and Italy's FTSE MIB up 44 points at 27,415, according to data from IG. Global markets have been focused on rising U.S. bond yields and earnings this week. U.S. markets encountered another choppy trading session on Wednesday as investors remained cautious amid rising rates, with the Nasdaq dipping into correction territory. U.S. equities futures were little changed Wednesday night while markets in Asia-Pacific were mixed on Thursday as China cut its key lending rates.
Persons: Germany's DAX, Tanaya Macheel Organizations: CAC, IG, Global, U.S, Treasury, AB Foods, CNBC, CNBC Pro Locations: U.S . Federal, Asia, Pacific, China, Europe
LIVE MARKETS "Moving in" (on stock market bargains)
  + stars: | 2022-01-20 | by ( ) www.reuters.com   time to read: +4 min
Jan 20 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com"MOVING IN" (ON STOCK MARKET BARGAINS) (0810 GMT)Prospects for war just do not bother markets the way they used to. Wall Street, for the time being at least, appears set for a bounce, with Nasdaq futures up around 0.7%. And yields on "safe" bonds from Germany and the United States are moving up again after a late-Wednesday pullback. (Danilo Masoni)*****Register now for FREE unlimited access to Reuters.com RegisterOur Standards: The Thomson Reuters Trust Principles.
Persons: Joe Biden reckons, Lagarde, Sujata Rao, DAX, Danilo Masoni Organizations: U.S, Nasdaq, Bloomberg Barclays, Omicron, Bloomberg, Philadelphia Fed Survey, Northern Trust, Union Pacific, Netflix, American Airlines, Unilever, GSK, Foods, Thomson Locations: Ukraine, Germany, United States, Australia, China, U.S, North Korea, Norway, Turkish, Malaysia, Indonesia, Sri Lanka, Deliveroo, Europe
LIVE MARKETS M&A brainstorming
  + stars: | 2022-01-20 | by ( ) www.reuters.com   time to read: +10 min
Seems like it but there's actually a lot of brainstorming going on in the wake of that failed, or so it appears, deal. "Some investors think that Glaxo may have overplayed their hand and Unilever has called their bluff", Barclays analysts reported in a research note. Talking about M&A brainstorming, Microsoft's mega offer for Activision has also triggered a lot speculation, as shown already by the spike in the share price of Ubisoft for instance. "We think it is impossible to dismiss the risk of M&A interest", said Citi analysts about the French firm. snapshot(Danilo Masoni)*****"MOVING IN" (ON STOCK MARKET BARGAINS) (0810 GMT)Prospects for war just do not bother markets the way they used to.
Persons: Wall, selloff Jan, there's, Markets.com Neil Wilson, Jon Moeller, Unilever's, Wilson, AJ Bell, Russ Mould, Mould, Julien Ponthus, Pamela Barbaglia, Ferragamo, SEB, Danilo Masoni, , , Stefano Rebaudo, Joe Biden reckons, Lagarde, Sujata Rao, DAX Organizations: Unilever, Barclays, GSK, CNBC, Activision, Ubisoft, Citi, Netflix, UBS GWM, STMicro, Swatch, ABN Amro, Munich Re, European Central Bank, ECB, , Money, Miners, Resources, U.S, Nasdaq, Bloomberg Barclays, Omicron, Bloomberg, Philadelphia Fed Survey, Northern Trust, Union Pacific, American Airlines, Foods, Thomson Locations: Swiss, Vinci, Munich, 3Q22, China, Ukraine, Germany, United States, Australia, U.S, North Korea, Norway, Turkish, Malaysia, Indonesia, Sri Lanka, Deliveroo, Europe
The 10-year US Treasury yield last traded at 1.89%, its highest in two years. Inflation in the UK surged to a 30-year high of 5.4% in December, up from November's 5.1%. US stocks trod water Wednesday, while rising US Treasury yields created a challenging backdrop for bond investors as markets positioned for a swifter pace of monetary policy tightening by the Federal Reserve. The 10-year Treasury yield rose 3 basis points to 1.897% on Wednesday, while two-year Treasury yields rose 2 basis points to 1.067%, holding near two-year highs. Elsewhere in Europe, UK inflation soared to a 30-year high of 5.4% in December.
Persons: Spencer Platt, Dow Jones, Mark Haefele, Jens Magnusson, Goldman Sachs, That's, Sandra Holdsworth, Frankfurt's DAX Organizations: New York Stock Exchange, Getty, Treasury, Bell, Federal Reserve, Futures, Dow, Nasdaq, UBS, UBS Global Wealth Management, SEB Research, Bank of England's, Committee, Aegon Asset Management, Tokyo's Nikkei, Brent, West Texas Locations: Europe, Shanghai, East
LONDON — European stocks are expected to open lower Wednesday as global markets take a downturn after a sell-off on Wall Street on Tuesday, prompted by rising bond yields and worse-than-expected earnings. The U.K.'s FTSE index is seen opening 31 points lower at 7,533, Germany's DAX 73 points lower at 15,700, France's CAC 40 down 34 points at 7,100 and Italy's FTSE MIB 158 points lower at 27,325, according to data from IG. The lower open in Europe comes after a sell-off on Wall Street triggered by surging bond yields sent global markets lower in the previous trading session. U.S. bond yields continued their year-to-date climb on Tuesday with the 10-year Treasury topping 1.87%, its highest level in 2 years. Bond yields move inversely to prices.
Persons: Germany's DAX Organizations: CAC, IG, Treasury, U.S, U.S . Federal Locations: Europe, U.S .
LONDON — European stocks are set to open fractionally lower on Tuesday as global investors remain attuned to the policy direction of the U.S. Federal Reserve and the start of corporate earnings season. Britain's FTSE 100 is seen around 12 points lower at 7,599, Germany's DAX is set to fall around 29 points to 15,905 and France's CAC 40 is expected to drop around 17 points to 7,185, according to IG data. Global markets have been focused of late on assessing the potential speed and trajectory at which the Fed will move to hike interest rates and tighten its ultra-loose pandemic-era monetary policy. Meanwhile corporate earnings are beginning to roll in for the fourth quarter of 2021, with Goldman Sachs and PNC Financial among the big names reporting stateside on Tuesday. U.S. stock futures were slightly lower in early premarket trading on Tuesday as investors braced for the latest batch of earnings, after markets were closed Monday for the Martin Luther King holiday.
Persons: Germany's DAX, Goldman Sachs, Martin Luther King, Olaf Scholz, Pedro Sanchez Organizations: U.S . Federal Reserve, Britain's, CAC, Global, PNC Financial, . Bank of America, Netflix, Bank of Japan, Economic, Financial Affairs, Spanish Locations: Asia, Pacific, Europe, Brussels
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