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(Reuters) -European shares hit a record high on Monday as investors bet on global central banks sticking to an accommodative stance on monetary policy even as the post-pandemic economic recovery gathers pace. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 11, 2021. REUTERS/StaffThe pan-European STOXX 600 was up 0.3% after ending Friday with its fourth consecutive weekly gain. “If central banks start to lay out a path that involves a withdrawal of stimulus, markets could get spooked. British outsourcer Serco Group jumped 3.8% after raising its 2021 profit outlook on expectations of stronger demand for its COVID-19 services.
Persons: Germany’s DAX, , Michael Hewson, Christine Lagarde Organizations: Reuters, REUTERS, Staff, European Central Bank, U.S, , CMC, Serco, Philips Locations: Frankfurt, Germany, U.S . Federal
(Reuters) -European shares ended at a record high on Monday as energy stocks surged on strength in the oil market, while expectations of accommodative monetary policy grew even as a global economic recovery picked up speed. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 11, 2021. REUTERS/StaffThe pan-European STOXX 600 rose 0.2% to a record-high close of 458.32 points. Energy stocks were the best performers, surging 2% as oil prices surged to an over two-year peak on expectations of strong global demand this year. German software developer Teamviewer AG jumped 5.9% to near the top of the STOXX 600, after it announced a partnership with software giant SAP.
Persons: Shell, , Chris Beauchamp, Germany’s DAX, Michael Hewson Organizations: Reuters, REUTERS, Staff, Energy, Royal, IG, European Central Bank, U.S, CMC, ECB, Teamviewer, Philips Locations: Frankfurt, Germany, Iran, U.S . Federal
U.S. Stock Futures Edge Higher to Start the Week
  + stars: | 2021-06-14 | by ( ) www.wsj.com sentiment -0.99   time to read: +1 min
U.S. stock futures edged up to start the week after the S&P 500 hit another record close and notched its third consecutive week of gains. Futures on the S&P 500 gained 0.1% and futures on the Dow Jones Industrial Average strengthened 0.1%. In Europe, the Stoxx Europe 600 climbed 0.6% in morning trade, and it is at its highest level in a year. Other stock indexes in Europe also mostly climbed as France’s CAC 40 added 0.6%, the U.K.’s FTSE 250 rose 0.5% and Germany’s DAX gained 0.6%. The yield on German 10-year bunds strengthened to minus 0.269% and the 10-year U.K. government debt known as gilts yield gained to 0.713%.
Persons: Germany’s DAX, bunds, Richard B, Levine, Dow Jones, 87990cbe856818d5eddac44c7b1cdeb8 Organizations: Dow Jones, ITV, , CAC, Swiss, U.S ., Brent, Treasury, Nikkei, Nasdaq, Press, Dow Jones & Company, Inc Locations: Europe, Asia, China, Taiwan, Australia
Some of Germany’s largest companies must ensure they have at least one woman on their management boards under legislation passed by the country’s lower house of parliament. The rule builds on a German law introduced about six years ago that requires large listed companies to fill 30% of their supervisory board seats with female nonexecutive directors. Under the legislation, companies that don’t fall under the new requirement have to report on whether they aim to add women to their management boards and justify their decision if they don’t plan to do so. Bundesrat, Germany’s upper house of parliament, will next consider the legislation, but its approval isn’t required for the bill to become law. He expects the legislation to accelerate appointments of women in leadership roles at German companies generally.
Persons: Christine Lambrecht, Bernd Von Jutrczenka, Zuma Press “, , bellwether DAX, , ” Cornelius Baur, Iris Plöger, Kim Richters Organizations: Bundestag, Zuma Press, German Institute for Economic Research, McKinsey & Co, of German Industries Locations: Berlin, Munich
Spotify Technology SA SPOT -1.43% is nearing a deal to bring top podcaster Alexandra Cooper and her show “Call Her Daddy” to its service, according to people familiar with the matter, in the latest exclusive podcast tie-up. Ms. Cooper and Spotify are discussing a licensing deal for around or over $20 million, according to some of the people. It was the fifth-most-popular podcast globally on Spotify last year, and in the top 15 across services, according to Edison Research. Spotify has been investing aggressively in podcasting since 2019, setting off a feeding frenzy among other media and tech companies. Spotify, which signed deals with Gimlet Media and Bill Simmons ’ the Ringer, now carries more than 2.6 million podcasts on its service, up from 450,000 in 2019.
Persons: Alexandra Cooper, , Cooper, , Dax Shepard’s, Joe Rogan, Kim Kardashian, Bill Simmons, Corp’s Dow, Dow Jones, 87990cbe856818d5eddac44c7b1cdeb8 Organizations: Spotify Technology, Spotify, Edison Research, Gimlet Media, Apple, Corp’s Dow Jones & Co, Street, Spotify’s Gimlet Media, Dow Jones & Company, Inc Locations: Swedish, U.S
Spotify Nearing Deal to Exclusively License ‘Call Her Daddy’ Podcast
  + stars: | 2021-06-11 | by ( Anne Steele | ) www.wsj.com sentiment -0.99   time to read: +1 min
Spotify Technology SA is nearing a deal to bring top podcaster Alexandra Cooper and her show “Call Her Daddy” to its service, according to people familiar with the matter, in the latest exclusive podcast tie-up. Ms. Cooper and Spotify are discussing a licensing deal for around or over $20 million, according to some of the people. Her back catalog would be available only on Spotify beginning at the end of next month, they said. Spotify has been investing aggressively in podcasting since 2019, setting off a feeding frenzy among other media and tech companies. Spotify, which signed deals with Gimlet Media and Bill Simmons’ the Ringer, now carries more than 2.6 million podcasts on its service, up from 450,000 in 2019.
Persons: Alexandra Cooper, , Cooper, , Dax Shepard’s, Joe Rogan, Kim Kardashian, Bill Simmons Organizations: Spotify Technology SA, Spotify, Edison Research, Gimlet Media, Apple Locations: Swedish, U.S
Asia stocks up, U.S. bond yields down as inflation fears ease
  + stars: | 2021-06-11 | by ( Andrew Galbraith | ) www.reuters.com + 0.00   time to read: +4 min
SHANGHAI (Reuters) - U.S. bond yields dipped to three-month lows and a broad gauge of Asian shares rose on Friday as investors looked past rising U.S. consumer prices and focused on one off-factors which suggested higher inflation could be short-lived. Data overnight showed the U.S. consumer price index posted its biggest year-on-year increase since August 2008 at 5%, following a 4.2% rise in April. “But the Fed, which meets next week, can still point to no deviation of inflation expectations to back up its continued mantra of transitory inflation. The 10-year U.S. Treasury note’s yield dipped to a three-month low of 1.4340%, down from Thursday’s close of 1.459%. Hopes for stronger economic demand following the U.S. unemployment claims report lifted oil prices to two-year highs on Thursday.
Persons: Kim Kyung, DAX, , Rob Carnell, Seoul’s, Larry Hu Organizations: REUTERS, Federal, European Central Bank, . Labor Department, Japan’s Nikkei, ING, Macquarie, Dow Jones, Nasdaq, Treasury, Brent, U.S . West Texas Locations: SHANGHAI, Tokyo, Japan, U.S, Asia, Pacific, Singapore, China, Hong Kong, Thursday’s
Asian shares in tight range ahead of U.S. CPI, ECB meeting
  + stars: | 2021-06-10 | by ( Swati Pandey | ) www.reuters.com + 0.00   time to read: +3 min
REUTERS/Kim Kyung-Hoon/File PhotoIn early European trades, the pan-region Euro Stoxx 50 futures added 0.52% and German DAX futures rose 0.1%, as did London’s FTSE futures. MSCI’s broadest index of Asia-Pacific shares outside Japan gained to 703.7 points, but stayed in the 698-712 points range it has traded in since late May. [.N]Markets are looking to the European Central Bank (ECB) policy meeting later in the day where it will likely keep its policy guidance unchanged and publish updated euro area macroeconomic projections. Brent crude futures fell 51 cents to 71.71 a barrel, while U.S. crude futures were 46 cents lower at $69.50 a barrel. The euro was a tad weaker at $1.2162 ahead of the ECB meeting while the British pound eased to $1.4105.
Persons: Kim Kyung, DAX, Dow, Organizations: SYDNEY, Federal Reserve, REUTERS, Japan, Japan’s Nikkei, Morgan, Treasury, Nasdaq, European Central Bank, U.S, CPI, Reuters, ANZ, Brent, ECB, New Zealand Locations: Tokyo, Japan, Asia, Pacific, U.S, Treasuries, United States
LONDON — European stocks are expected to open slightly higher on Thursday as global markets gear up for the latest inflation reading from the U.S. The data is crucial as it could help determine the Federal Reserve's schedule for raising interest rates or tapering its asset purchase program. London's FTSE is seen opening 8 points higher at 7,087, Germany's DAX 9 points higher at 15,601, France's CAC 40 up 5 points at 6,571 and Italy's FTSE MIB 4 points higher at 25,722, according to IG. The Labor Department is scheduled to publish its consumer price index data at 8:30 a.m. The Federal Reserve has been trying to gauge if higher price pressures are just temporary as the economy continues to rebound from the pandemic-induced recession.
Persons: Germany's DAX, Dow Jones Organizations: U.S, FTSE, CAC, IG, Global, Labor Department, Federal Reserve Locations: Asia, U.S
(Reuters) -European stocks steadied near record highs on Wednesday, with investors holding off on taking big bets ahead of a policy decision from the European Central Bank and U.S. inflation reading later this week. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 8, 2021. REUTERS/Staff/File photoThe pan-European STOXX 600 index slipped 0.1% in morning trade, but stayed just short of a record high of 455.66 hit in the previous session. The wider travel and leisure index rose 0.7% as many European economies charted their way out of COVID-19 lockdowns. “Inflation is creating uncertainty about what central banks will do or say going forward,” said Emmanuel Cau, European equity strategist at Barclays.
Persons: IAG, Germany’s DAX, , Emmanuel Cau, SalMar Organizations: Reuters, European Central Bank, REUTERS, Staff, Air France KLM, Lufthansa, British Airways, U.S, CDC, Big, Rio Tinto, BHP Group, CAC, U.S . Federal, ECB, Barclays, , Danone, RBC Locations: Frankfurt, Germany, COVID, Rio, American, , Oslo
(Reuters) -European stocks remained near record highs on Wednesday, with investors holding off on taking big bets ahead of a policy decision from the European Central Bank and a U.S. inflation reading later this week. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 8, 2021. REUTERS/Staff/File photoThe pan-European STOXX 600 index closed 0.1% higher, but stayed just short of a record high of 455.66 hit in the previous session. The wider travel and leisure index rose 0.9% as many European economies charted their way out of COVID-19 lockdowns. Oslo-based salmon farmer SalMar fell 5.3% to the bottom of the STOXX 600 after it completed a private placement deal.
Persons: IAG, Germany’s DAX, , Chris Beauchamp, Emmanuel Cau, SalMar Organizations: Reuters, European Central Bank, REUTERS, Staff, Air France KLM, Lufthansa, British Airways, U.S . Centers for Disease Control, Prevention, Big, Rio Tinto, BHP Group, CAC, IG, U.S, U.S . Federal, ECB, Barclays, , Danone, RBC Locations: U.S, Frankfurt, Germany, COVID, Rio, American, U.S ., , Oslo
U.S. Stock Futures Edge Higher
  + stars: | 2021-06-09 | by ( ) www.wsj.com sentiment -1.00   time to read: 1 min
U.S. stock futures edged up, suggesting another day of muted moves for major indexes after the opening bell. S&P 500 futures added 0.1% and futures tied to the Dow Jones Industrial Average traded flat. Changes in futures don’t necessarily predict market moves after the markets open. The U.K.’s FTSE 100, which is dominated by large international businesses, was down 0.3%. Other stock in Europe were mixed as France’s CAC 40 added 0.1% and Germany’s DAX was broadly flat, whereas the U.K.’s FTSE 250 lost 0.1%.
Persons: Germany’s DAX Organizations: Dow Jones Industrial, Nasdaq, , CAC Locations: Europe
LONDON — European stocks are expected to open in mixed territory on Wednesday, as investors prepare for the next reading of U.S. inflation due Thursday. London's FTSE is seen opening 6 points lower at 7,092, Germany's DAX 9 points higher at 15,660, France's CAC 40 up 12 points at 6,568 and Italy's FTSE MIB up 77 points at 25,860, according to IG. The lackluster open for European markets reflects cautious sentiment ahead of the latest inflation data from the U.S., which could lead the Federal Reserve to taper asset purchases sooner rather than later. Read more: The Fed is in early stages of a campaign to prepare markets for tapering its asset purchasesThe consumer price index for May is set to be released Thursday. The Fed has previously contended that higher price pressures are just temporary as the economy continues to rebound from the pandemic-induced recession.
Persons: Germany's DAX, Dow Jones Organizations: London's FTSE, CAC, IG, Federal Reserve, Fed Locations: U.S
Top investment banks from Citi, to Goldman Sachs and JPMorgan are incredibly bullish on the UK market. A JPMorgan fund manager who co-runs the firm's flagship $2 billion UK fund helps investors navigate the market. Several leading investment banks from JPMorgan to Goldman Sachs and Citibank are shouting loudly about how extremely cheap the UK market is. He shares four reasons why the UK market is attractive right now. Abbot noted the UK market trades at around a 35% discount compared to the MSCI world index.
Persons: Goldman Sachs, hasn't, Frankfurt's DAX, Jeffrey Sacks, Bank's, it's, Callum Abbot, Abbot, Janus Henderson's, John Bennett Organizations: Citi, JPMorgan, Nasdaq, Shanghai, FTSE, Citibank, Barclays, Exxon Mobil, Royal, Shell, Exxon Locations: Brexit, London
German parliament criticizes Scholz and Merkel over Wirecard - draft report
  + stars: | 2021-06-07 | by ( ) www.reuters.com sentiment -1.00   time to read: +1 min
Documents for a session of the investigative committee on the Wirecard accounting scandal, in Berlin, Germany, October 8, 2020. REUTERS/Hannibal Hanschke/File PhotoGermany's finance minister Olaf Scholz was criticised by lawmakers for bungling oversight of Wirecard, according to a draft report of a public inquiry into Germany's biggest post-war fraud scandal. The report, by opposition lawmakers and coming after a months long investigation, also said that Chancellor Angela Merkel was naive regarding Wirecard's lobbying efforts. "Olaf Scholz as finance minister bears political responsibility for the failure of BaFin," the report says, referring to the nation's financial regulator that is part of the ministry. The finance minister and chancellery weren't immediately able to respond to requests for comment.
Persons: Hannibal Hanschke, Olaf Scholz, Angela Merkel, Scholz, weren't, Wirecard, DAX bluechip, EY Organizations: REUTERS, Thomson Locations: Berlin, Germany
German lawmakers criticise Scholz and Merkel over Wirecard - draft report
  + stars: | 2021-06-07 | by ( ) www.reuters.com + 0.00   time to read: +3 min
REUTERS/Hannibal Hanschke/File PhotoGermany's finance minister Olaf Scholz was criticised by lawmakers for bungling oversight of Wirecard, according to a draft report of a public inquiry into Germany's biggest post-war fraud scandal. The report by opposition lawmakers, after a months long cross-party investigation, also said that Chancellor Angela Merkel was naive regarding Wirecard's lobbying efforts. "Olaf Scholz as finance minister bears political responsibility for the failure of BaFin," the report says, referring to the nation's financial regulator that is part of the ministry. The lawmakers said in their report that the Wirecard fiasco was more than an accounting scandal. It was a "collective oversight failure", with BaFin, prosecutors, lobbyists and others playing a role.
Persons: Hannibal Hanschke, Olaf Scholz, Angela Merkel, Scholz, Wirecard, DAX bluechip, EY, BaFin, Merkel Organizations: REUTERS, Wirecard, Thomson Locations: Berlin, Germany, China
European markets look set to start the week on a negative note and are set to open flat-to-lower on Monday. London's FTSE is expected to open 2 points lower at 7,065, Germany's DAX down 39 points at 15,653, France's CAC 40 down 13 points at 6,500 and Italy's FTSE MIB 1 point lower at 25,520, according to IG. In Asia-Pacific overnight, markets were mixed as investors reacted to Chinese trade data for May. Meanwhile, U.S. stock futures were flat Monday morning as investors digest the latest labor market data and look ahead to the next inflation reading on Thursday. The main data event this week will be May's Consumer Price Index (CPI) scheduled to be released Thursday.
Persons: Germany's DAX Organizations: London's FTSE, CAC, IG, Federal Reserve, Index Locations: Asia, Pacific
U.S. Stock Futures Tick Up Ahead of Jobs Data
  + stars: | 2021-06-04 | by ( ) www.wsj.com sentiment -1.00   time to read: 1 min
U.S. stock futures edged up ahead of an official update on the U.S. job market that is expected to show a pickup in hiring. S&P 500 futures rose 0.1% and futures on the Dow Jones Industrial Average gained 0.1%. The U.K.’s FTSE 100 was largely flat. Other stock indexes in Europe were mixed as France’s CAC 40 added 0.1% and Germany’s DAX climbed 0.1%, whereas the U.K.’s FTSE 250 fell 0.1%. The Swiss franc and the euro were down 0.1% against the U.S. dollar whereas the British pound was mostly flat against the dollar, with 1 pound buying $1.41.
Persons: Germany’s DAX Organizations: Dow Jones Industrial, , CAC, Swiss, U.S Locations: Europe
The dollar index fell 0.23% immediately after the data release, down from a multi-week high hit earlier on Friday. Last month, much-lower-than-expected nonfarm payrolls numbers knocked back those expectations, weakening Treasury yields and the dollar, and the pattern repeated on Friday. Oil rose towards $72 a barrel, trading close to a two-year high as OPEC+ supply discipline and recovering demand countered concerns about patchy COVID-19 vaccination rollouts around the globe. Brent futures rose 34 cents to $71.64 a barrel, after reaching the highest since May 2019 in Thursday's session. U.S. WTI added 40 cents to $69.21 a barrel, just below $69.40 a day earlier, the strongest since October 2018.
Persons: DAX, Ralph Orlowski, Gennadiy Goldberg, IAG, WTI Organizations: REUTERS, Federal Reserve, Securities, Treasury, Airlines, British Airways, Britain, London Metal Exchange, Thomson Locations: Frankfurt, Germany, Asia, Pacific, Japan, New York, Egypt, Sri Lanka, England, Brent, Thursday's
In Japan, the Nikkei share average rose 0.4%, while Australian shares climbed to all-time highs as investors cheered stronger-than-expected economic growth data released on Wednesday. The MSCI world equity index, which tracks shares in 49 countries, was 0.1% down, below Tuesday’s record high. A weekly U.S. unemployment report and May private payrolls data on Thursday will be followed by the monthly jobs numbers on Friday. So far though, “increases in inflation expectations have coincided with equities performing well recently,” said Oliver Jones, senior markets analyst at Capital Economics. In the U.S., 10-year Treasury yield were also steady ahead of the U.S. economic data release.
Persons: Germany’s DAX, , Oliver Jones, ” Jones, Larry Fink, Patrick Harker, Christine Lagarde, Brent Organizations: CAC, PMI, Nikkei, Capital Economics, , , Investment, BlackRock, Philadelphia Fed Bank, Treasury, European Central Bank, Wednesday Locations: Europe, U.S, April’s, Asia, Pacific, Japan, COVID, United States, China, Australia
U.S. Stock Futures Edge Down Ahead of Jobless Figures
  + stars: | 2021-06-03 | by ( ) www.wsj.com sentiment -1.00   time to read: 1 min
U.S. stock futures ticked lower ahead of an update on the number of Americans applying for unemployment benefits. Futures on the S&P 500 were down 0.1% and futures on the Dow Jones Industrial Average declined 0.1%. The Stoxx Europe 600 was lower 0.1% in morning trade as losses in healthcare and communication services sectors were muted by the rest of the stock sectors. Other stock indexes in Europe also mostly slipped as France’s CAC 40 was down 0.1%, the U.K.’s FTSE 250 lost 0.1% and Germany’s DAX lost 0.2%. The Swiss franc, the euro and the British pound dropped 0.3%, 0.2% and 0.1% respectively against the U.S. dollar.
Persons: Germany’s DAX Organizations: Dow Jones, , CAC, Swiss, U.S . Locations: Europe
REUTERS/Issei KatoAsian shares stepped back from three-month highs on Thursday as investors weighed inflation concerns ahead of key U.S. economic data while oil prices rose for a third straight session. Futures point to a firmer open for European stocks with the benchmark STOXX 600 (.STOXX) set to flirt with a fresh record high. The pan-region Euro Stoxx 50 futures climbed 0.5% while futures for German DAX and London's FTSE were up 0.1% each. Australian shares (.AXJO) climbed to all-time highs as investors cheered stronger-than-expected economic growth data released on Wednesday. read moreMoves in currency markets have been limited with the dollar index and other major pairs staying in tight ranges.
Persons: Issei Kato, DAX, Oliver Jones, Jones, Larry Fink, Patrick Harker, Brent Organizations: U.S ., REUTERS, FTSE, Japan's Nikkei, Capital Economics, Investment, BlackRock, Philadelphia Fed Bank, Treasury, AMC Entertainment Holdings, New, . West Texas, Thomson Locations: Tokyo, Japan, U.S, Asia, Pacific, COVID, United States, Europe, China, Australia, New Zealand
(CNN) You weren't alone if you were surprised to hear that Kim Kardashian has a role in the forthcoming animated film "PAW Patrol: The Movie." Teen actress Marsai Martin stars in the film as dachshund Liberty and told "Entertainment Tonight" that she hadn't met her castmates prior to recording her scenes because of the pandemic. "You know what the funny thing is while I was doing sessions, before that I didn't know who was in movie," Martin told "ET." "I was doing a couple scenes, and they're like, 'You know Kim is talking to you?' The film is based on the popular animated series and also stars Will Brisbin, Jimmy Kimmel, Randall Park, Tyler Perry, Yara Shahidi and Dax Shepard.
Persons: Kim Kardashian, Marsai Martin, hadn't, Martin, Kim, Kardashian, Delores, Will Brisbin, Jimmy Kimmel, Randall Park, Tyler Perry, Yara Shahidi, Dax Shepard, Read Organizations: CNN, Entertainment
U.S. Stock Futures Edge Down
  + stars: | 2021-06-02 | by ( ) www.wsj.com sentiment -0.96   time to read: 1 min
U.S. stock futures slipped ahead of the Federal Reserve’s ”beige book” report on the state of the economy. S&P 500 futures edged down 0.1% and futures tied to the Dow Jones Industrial Average shed 0.1%. The Stoxx Europe 600 added 0.4% in morning trade, and it is at its highest level in a year. The U.K.’s FTSE 100, which is dominated by large international businesses, rose 0.6%. Other stock indexes in Europe also mostly climbed as France’s CAC 40 gained 0.4%, U.K.’s FTSE 250 rose 0.4% and Germany’s DAX added 0.4%.
Persons: Germany’s DAX Organizations: Dow Jones, , CAC Locations: Europe
LONDON (Reuters) - Stock markets hovered near record highs on Wednesday as investors cheered the latest evidence of a sustained rebound in global economies and stronger oil prices lifted energy stocks. A strong expansion in U.S. and European factory activity in May had lifted world shares to record highs on Tuesday. While broader stock markets remain close to record highs, the momentum of earlier in the year has ebbed as investors begin to worry a stronger-than-expected rebound from COVID-19 means higher inflation and sooner-than-expected monetary policy tightening. The euro slipped 0.2% to $1.2194, just shy of recent highs as the dollar bounced off five-month lows against major rivals. “As the major developed economies continue to reopen from COVID lockdowns the focus on central bank meetings is going to intensify,” MUFG analysts said in a monthly outlook note.
Persons: Issei Kato, Germany’s DAX, Mark Haefele, , Brent Organizations: Stock, REUTERS, CAC, UBS, Global Wealth Management, U.S ., Federal Reserve, Benchmark U.S, Treasury, European Central Bank, ECB, . West Texas Locations: Tokyo, Japan, United States, Europe, COVID, OPEC
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