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European Stocks Are Outshining U.S. Peers
  + stars: | 2023-01-10 | by ( Caitlin Mccabe | ) www.wsj.com   time to read: 1 min
Weakness last year in the euro made European stocks cheaper and more attractive to some investors. European stocks have roared back to life, boosted by signs of slowing inflation, falling energy prices and optimism surrounding China’s reopening. Often considered laggards on the global markets stage, stock indexes across the European region in recent months have outperformed. Germany’s DAX index and France’s CAC 40 have each risen 18% or more in the last three months through Monday, more than double the 6.9% gain for the S&P 500. The U.K.’s benchmark FTSE 100 has also surged, putting it just roughly 2% away from reaching a record high.
The pan-European STOXX 600 (.STOXX) rose 0.8%, while France's CAC 40 (.FCHI) added 1.3%. Data on Wednesday showed euro zone business activity contracted less than initially thought, suggesting the bloc's recession may not be as deep as feared. Further, preliminary data showed inflation in France slipped in December from a record high in the previous month, tracking a slew of encouraging data from improving euro zone manufacturing numbers to a slowdown in Germany's inflation. The STOXX 600 index has risen 3% in the first three trading days of the new year, helped by strong economic data, easing of natural gas futures and hopes of a post-COVID recovery in China despite surging cases. Meanwhile, data showed fresh food prices at British supermarkets in early December were 15.0% higher than a year earlier, weighing on UK sentiment.
Europe’s recession may not be as bad as feared
  + stars: | 2023-01-04 | by ( Anna Cooban | ) edition.cnn.com   time to read: +4 min
On Wednesday, France’s statistics institute said consumer price inflation was 5.9% in December, down from 6.2% in November. A drop in energy prices drove the decline, the institute said. In Germany, Europe’s biggest economy, provisional data released on Tuesday showed that inflation had fallen to 8.6% in December, from 10% the month before. “If we are seeing a continued flight to value, then the relative cheapness of European stocks is a big plus,” he said. Benchmark prices for European natural gas futures have tumbled 10% since Monday to €69 ($73) per megawatt hour.
London CNN —Global stocks are striding higher on the first major trading day of 2023 as investors try to look beyond a gloomy outlook for the world economy, China’s worst Covid outbreak and stubbornly high inflation in Europe. ET Tuesday, extending strong gains posted Monday when Chinese and US markets were closed. In Asia, markets ended the day firmly in positive territory, recovering from early losses. Still waryTuesday’s market gains provide cheery news for investors after a rollercoaster 2022 that saw $33 trillion wiped off global equity markets. Kristalina Georgieva, head of the International Monetary Fund, warned in an interview with CBS that aired on Sunday that 2023 will be tougher on the global economy than 2022 was.
European stocks set to log worst year since 2018
  + stars: | 2022-12-30 | by ( Elliot Smith | ) www.cnbc.com   time to read: +2 min
Opening calls on Friday point to losses of 2 points for the U.K.'s FTSE 100 , a fall of 12 points for the CAC 40, while the German DAX is set to slide 18 points. The pan-European Stoxx 600 index will start the last trading day of 2022 down more than 12% since the turn of the year, its worst performance since a 13.24% annual decline in 2018. The European blue chip index enjoyed a bumper 2021, jumping 22.25% on the year. LONDON — European markets are on course for their worst year since 2018 as Russia's war in Ukraine, high inflation and tightening monetary policy hammered risk assets around the world. Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.
LONDON — European markets are set for a slightly lower open on Thursday as caution returns to global stocks, with investors assessing a number of likely headwinds in 2023. Britain's FTSE 100 is seen around 24 points lower at 7,473, Germany's DAX is expected to drop by around 38 points to 13,888 and France's CAC 40 is set to open around 19 points lower at 6,491. European markets look set to continue the weak sentiment in Asia-Pacific overnight, where markets followed Wall Street's losses as investors looked with trepidation to the year ahead. U.S. stock futures ticked slightly higher in early premarket trade on Thursday. Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.
LONDON — European stocks are expected to open higher on Tuesday as positive sentiment continues in the final trading days of 2022. Germany's DAX is seen opening 98 points higher at 14,036, France's CAC 40 up 44 points at 6,549 and Italy's FTSE MIB up 159 points at 24,033, according to IG. The U.K.'s FTSE index is closed Tuesday for a public holiday. Stateside, U.S. stock futures rose on Monday night as investors looked to see whether a Santa Claus rally will appear before year-end. Markets were closed Monday for the Christmas holiday.
George Washington de Oliveira Sousa was arrested on Saturday, the day after police said they foiled his plot to set off an explosive device near the Brasilia airport. A 54-year-old gas station manager from the northern state of Para, Sousa told police that Bolsonaro's sowing of election doubts inspired his Dec. 12 journey to the capital. He added that he planned to share his weapons with other CAC-holders in the Brasilia camp. After the Dec. 12 attack, he said police and firemen near the camp told him they would not arrest any protesters for vandalism, as long as they did not attack cops. That same day, Sousa saw on the news that police had found the bomb near the airport.
"Yesterday's serious events in Brasilia prove that the so-called "patriotic" camps have become incubators for terrorists," tweeted Flavio Dino. In a later tweet, Dino said he would propose the creation of "special groups to combat terrorism and irresponsible weaponry. News of the bomb added a new dimension to post-election violence in Brazil, where tensions remain high after Brazil's most fraught election in a generation. The Brasilia camp, outside the army headquarters, has become one of the country's most extreme. Police also found assault-style rifles and other explosives at an apartment rented by the man in Brasilia.
The president-elect has pledged to "disarm" an increasingly gun-toting country where personal firearms have become a symbol of Bolsonaro's conservative base. Reuters interviewed eight other people working on, or advising, Lula's transition team on bolstering gun controls once he takes office on Jan. 1. The priority will be to reimpose civilian prohibitions on certain high-caliber weapons, including the rifle used by Jefferson, the sources said. The political context is a sharp departure from Lula's 2003-2010 presidency, when he passed sweeping gun laws to combat violent crime. Last week, they charged him with four counts of attempted murder, resisting arrest, and weapons charges.
China's rules for "deepfakes" to take effect from Jan. 10
  + stars: | 2022-12-12 | by ( ) www.reuters.com   time to read: +1 min
SHANGHAI, Dec 12 (Reuters) - China's new rules for content providers that alter facial and voice data will take effect from Jan. 10, its cyberspace regulator said, as it looks to more tightly scrutinize so-called "deepfake" technology and services. The regulations from the Cyberspace Administration of China (CAC) issued late on Sunday provide for people to be protected from being impersonated without their consent by deepfakes - images that are virtually indistinguishable from the original, and easily used for manipulation or misinformation. The CAC said the move was aimed at curbing risks that might arise from activities provided by such platforms that use deep learning or virtual reality to alter any online content, what the regulator calls "deep synthesis service providers", and to also promote the industry's healthy development. Reporting by Brenda Goh; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.
European markets were poised to open lower on Friday as investors closely monitored news from China over its zero-Covid policy and looked ahead to U.S. non-farm payrolls data. Britain's FTSE 100 index, France's CAC and Germany's DAX were all forecast to open slightly lower, according to data from IG. Stocks in Japan led losses, with the Nikkei 225 last seen 1.6% lower and the Topix falling 1.6%. Stateside, S&P 500 futures were slightly lower as market participants looked ahead to the November jobs report. Economic data including the Labor Department's report on non-farm payrolls, the unemployment rate and hourly wages are due at 8:30 a.m.
The pan-European STOXX 600 index (.STOXX) climbed 0.6%, after gaining 6.8% in November to log its best month since July. Energy stocks (.SXEP) slumped, capping gains for the broader index, as oil prices dipped amid uncertainty ahead of Sunday's OPEC+ meeting. China's stringent measures have contributed to slowing global growth, while aggressive policy tightening and an energy crisis in Europe have also fuelled worries over a recession. "European markets are indeed incorporating the speech from Powell that was well-received by markets already elsewhere. These developments fuel optimism that followed after data showed a smaller-than-expected rise in euro zone inflation on Wednesday, which raised the prospect of a less-aggressive monetary policy tightening by the European Central Bank.
In the past two years, highly funded startups have tried to disrupt mental-health care. The startups said they wanted to help solve the industry's biggest problems: Mental-health care is too expensive, and there isn't enough of it to go around. Talkspace's priority is now its division that sells mental-health care to employers, which pay recurring fees for employee access. Startups tackling more serious mental-health conditions are working with health plansThere's also a rising crop of mental-health companies tackling the costliest mental-health conditions, something the direct-to-consumer firms tend to shy away from. About half of Bicycle's patients pay with their insurance, a number he's looking to increase.
Hong Kong CNN Business —Internet users in China will soon be held liable for liking posts deemed illegal or harmful, sparking fears that the world’s second largest economy plans to control social media like never before. China’s internet watchdog is stepping up its regulation of cyberspace as authorities intensify their crackdown on online dissent amid growing public anger against the country’s stringent Covid restrictions. For the first time, it states that “likes” of public posts must be regulated, along with other types of comments. This year, the country’s strict zero-Covid policy and Xi’s securing of a historic third term have sparked discontent and anger among many online users. “Cyberspace policing by Chinese authorities is already beyond measure, but that does not stop brave Chinese citizens from challenging the regime,” he said.
For the coming months, though, investors fear euro zone equities could lag other markets. "The economic outlook looks challenging as our economists forecast a recession in the euro zone," said Marc Haefliger, Head of Global Equity Strategy at Credit Suisse in Zurich. The economic slowdown will hit the cyclical euro zone market disproportionately," he added. The STOXX index of the euro zone's top 50 blue chip stocks (.STOXX50E) is seen falling another 7.9% from Friday's close to 3,650 points by mid-2023. Among country benchmarks, Germany's DAX (.GDAXI) is seen ending the first half of 2023 at 13,209, down 9.2% from Friday's close.
Hong Kong stocks soared and US futures rose Tuesday, after logging big losses the previous session. Recent public protests in China over strict zero-COVID curbs threatened to worsen supply chain issues. China said Tuesday it will boost vaccination for elderly citizens, a key step to reopening its economy. US stocks gained in premarket trading, with S&P 500 futures rising 0.11%, Nasdaq futures up 0.27% and Dow Jones Industrial Average futures 0.48% higher. Hong Kong's Hang Seng jumped 5.24% on expectations China could ease its zero-COVID policies, while the mainland Shanghai Composite climbed 2.31%.
LONDON, Nov 28 (Reuters) - Paris' luxury-laden stock exchange is now worth more than London's. France's CAC All Shares index (.PAX) is now worth almost $3 trillion, making it Europe's largest stock market by value thanks to demand for its luxury-retailer blue chips. Reuters GraphicsFUND FLOWSSo far in 2022, funds investing in UK stocks have seen record outflows of 23 billion euros, according to Refinitiv Lipper, up from almost 18 billion euros last year and the 14.6 billion euros shed in 2016, when Britain voted to leave the European Union. Annual outflows from French equity funds are much smaller - at 2 billion euros this year. FX MATTERSIt's also worth noting that currency comes into play when measuring the size of London's market against Paris' in dollar terms.
Hong Kong CNN Business —Global markets fell on Monday after widespread protests in China against the country’s stringent Covid-19 restrictions roiled investor sentiment. The markets tumble comes after protests erupted across China in an unprecedented show of defiance against the country’s stringent and increasingly costly zero-Covid policy. US stock futures — an indication of how markets are likely to open — fell, with Dow futures down 0.3%, or 108 points. Oil prices dropped sharply, with investors concerned that surging Covid cases and protests in China may sap demand from one of the world’s largest oil consumers. US crude futures fell 2.7% to trade at $74.22 a barrel.
The pan-European STOXX 600 index (.STOXX) rose 0.9%, with basic resources stocks (.SXPP) up 1.2% after falling more than 3% in the last two sessions. The European Central Bank gears up to start the biggest withdrawal of cash from the euro zone's banking system in its history, with banks expected to repay about 500 bln euros in TLTRO loans. The STOXX 600 has gained about 4.9% so far this month, driven by better-than-feared earnings and expectations of smaller rate increases by the Fed. Among individual stocks, Austrian hydropower producer Verbund (VERB.VI) jumped 8.2% to top the STOXX 600, while energy and environmental services provider EVN (EVNV.VI) gained 5.2%. Reporting by Shreyashi Sanyal in Bengaluru; Editing by Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.
Markets had started the week with a "risk-on" tone, which some analysts attributed to hopes that China could relax its strict COVID-19 lockdown measures. But the move showed signs of losing momentum on Tuesday as Asian stocks saw only small gains. The yuan weakened against the dollar and Chinese stocks slipped as COVID-19 cases rose. European stocks indexes opened in the red, then became mixed. "The market is wanting to cling to any positive news and a market positive Midterm result could mean another risk positive day," RBC said.
PARIS, Oct 10 (Reuters) - PARIS, Oct 10 (Reuters) - French carmaker Renault (RENA.PA) and its Japanese partner Nissan (7201.T) said they were holding "trustful discussions" about the future of their alliance, adding that Nissan was considering investing in Renault's future electric vehicle unit. "The companies continue to drive structural improvements to ensure sustainable Alliance operations and governance. Any further communication will be done in due course by the Alliance members," added Renault and Nissan in a joint statement on Monday. Renault shares were up 5% in early session trading, making the stock the best performer on France's benchmark CAC-40 equity index (.FCHI). Register now for FREE unlimited access to Reuters.com RegisterReporting by Tassilo Hummel; Editing by Sudip Kar-Gupta and Silvia AloisiOur Standards: The Thomson Reuters Trust Principles.
The talks, which could prompt the biggest reset in the alliance since the 2018 arrest of longtime executive Carlos Ghosn, have included consideration of Renault selling some of its Nissan stake, two people with knowledge of them said. Renault and Nissan said in a joint statement that they were "engaged in trustful discussions around several initiatives" including a potential Nissan investment in the EV venture and what they called "structural improvements" in their alliance. In exchange for investing in the EV venture, Nissan is looking to Renault to reduce its stake in the Japanese automaker, a person familiar with the talks said. Nissan may consider raising funds to buy back the shares held by Renault, one person told Reuters. Nissan may need to raise funds to buy the shares back from Renault, the source added.
They asked the top Federal Police officers in each state to reinforce Lula campaign events with bulletproof cars, tactical teams, drones and intelligence reports. Some of them have responded by stockpiling guns and lashing out at leftists during a tense campaign marred by high-profile cases of violence. Ten years of troubles have resulted in stark political polarization - embodied by Lula and Bolsonaro - that has become increasingly menacing on the campaign trail. BOLSONARO STRONGHOLDSThe Federal Police have also sought to open two other criminal probes over threats to Lula, according to the source. Lula has just 27% support in Santa Catarina, against 49% for Bolsonaro, according to the latest survey by pollster Ipec.
In July, Reuters reported that Brazil's Federal Police disapproved of Bolsonaro's gun policies, arguing they would put more weapons in the hands of criminals. Of all the weapons now available to Brazil's gun fans, the T4 has emerged as the weapon of choice for its gangsters. A common tactic used by gangs - as seen in the case of Huijsman's T4 - is to steal weapons from CAC permit-holders' homes. On Oct. 31, 2021, Minas Gerais military police and Brazil's Federal Highway Police carried out two raids against alleged bank robbers hiding out near Varginha, killing 26 of them. Marques, the gun expert, said Huijsmans' rifle wouldn't be the last legally acquired firearm to turn up at a crime scene.
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