04 June

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Investors keep loading cash fearing stimulus dial backs – BofA By Reuters

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LONDON (Reuters) - Investors have piled on more cash and cut exposure to tech stocks, indicating concern over a dialling back of stimulus by central banks, BofA's latest fund flow statistics showed on Friday. The investment bank expects market trends in the second half of the year to shift from "quantitative easing to quantitative tightening" and "inflation to stagflation" -- meaning soaring prices despite a decline in economic activity. BofA highlighted how U.S. retail sales soared 20% above pre-pandemic levels, while U.S. employment was 8 million less than in February 2020. Global stocks were treading water...

04 June

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UK card spending steady at 95% of pre-pandemic level last week: ONS By Reuters

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LONDON (Reuters) - British spending on credit and debit cards held at 95% of its pre-pandemic level last week, unchanged from the previous week's reading, official data showed on Friday. The Office for National Statistics also said online job adverts last week stood at 127% of their February 2020 level, up 8 percentage points from the previous week, based on figures from online jobs portal Adzuna. ...

04 June

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Japan shares lower at close of trade; Nikkei 225 down 0.40% By Investing.com

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Investing.com – Japan equities were lower at the close on Friday, as losses in the Paper & Pulp, Railway & Bus and Real Estate sectors propelled shares lower. At the close in Tokyo, the Nikkei 225 fell 0.40%. The biggest gainers of the session on the Nikkei 225 were J.Front Retailing Co., Ltd. (T:3086), which rose 4.68% or 52.0 points to trade at 1163.0 at the close. Oji Holdings Corp. (T:3861) added 4.47% or 29.0 points to end at 678.0 and Mitsui Chemicals, Inc. (T:4183) was up 4.38% or 170.0...

04 June

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German competition authority launches probe into Google’s news showcase By Reuters

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BERLIN (Reuters) - Germany's competition authority launched a probe against Alphabet (NASDAQ:GOOGL) Inc's Google news showcase, a platform which makes news available on the tech giant's news website, it said on Friday. Cooperation with Google could be attractive for publishers and other news providers and offer consumers better information services, it said. "However, it must be ensured that this does not lead to discrimination between individual publishers," the statement said. "Nor must Google's strong position in access to end customers leasd to a crowding out of competing offerings from publishers or other news providers." ...

04 June

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European stocks steady ahead U.S. jobs data, airlines slide By Reuters

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(Reuters) - European stocks inched higher on Friday in cautious trading ahead of U.S. jobs data, with economic recovery hopes putting the main index on course for its third straight week of gains. The pan-European STOXX 600 index was up 0.1%, trading just below its record high hit earlier this week. It was on track to record a 0.5% weekly rise, boosted by automakers and commodity stocks. All eyes are on the U.S. May payrolls data later in the day, with a strong reading expected to reinforce expectations the Federal Reserve would pare back its...

04 June

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Right for G7 meeting to take place in person, precautions under review – minister By Reuters

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LONDON (Reuters) - British housing minister Robert Jenrick said that it was right that the G7 meeting of advanced economies should take place in person and that there were precautions in place to keep it COVID-19 safe with the situation kept under review. "Proper precautions are being put in place to make sure that those people who do come are being tested regularly and so on but of course these things are kept under review," Jenrick told Times Radio on Friday. "It is important for international leaders to meet to discuss the...

04 June

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UK’s Sunak hopes for ‘significant progress’ at G7 By Reuters

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LONDON (Reuters) - British finance minister Rishi Sunak said on Friday that he expected good progress at a meeting of finance ministers from the Group of Seven rich nations which he is hosting in London. "I believe we can make significant progress in tackling some of the world's most pressing economic challenges," Sunak told reporters shortly before the meeting began. Priorities included boosting COVID support for vulnerable countries, speeding up transition to net zero carbon emissions and "ensuring that the way we tax large, global especially digital companies is fair and fit for the modern...

04 June

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Take Five: U.S. inflation, China trade and the ECB By Reuters

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1/ HIGH ALERT A critical view into inflation comes with Thursday's May U.S. consumer price index. It is shaping up as one of the most watched numbers for some time after consumer prices jumped by the most in nearly 12 years in April and a debate rages over whether a pick-up in price pressures is fleeting or more sustained. The reading is also one of the last key pieces of economic data before the Federal Reserve's June 15-16 meeting. The Fed's Randal Quarles believes a recent jump in inflation will prove transitory. Another strong...

04 June

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British shares muted ahead of economic data; airlines skid By Reuters

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(Reuters) - British shares struggled for direction on Friday as investors stayed away from making big bets ahead of domestic construction activity data and U.S. jobs numbers, while airline stocks came under pressure on tightening of travel restrictions. The blue-chip FTSE 100 index was flat. British airways owner IAG (LON:ICAG) slipped 2% after Britain removed Portugal from its quarantine-free travel list, and added seven more countries to its red list. Other airlines including Ryanair Holdings, Wizz Air and EasyJet fell between 1% and 2.4%. The domestically focused mid-cap FTSE 250 index inched 0.1% higher. Asian shares...

04 June

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AstraZeneca lines up finance chief Dunoyer to head Alexion By Reuters

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(Reuters) - AstraZeneca (NASDAQ:AZN) will appoint long-serving finance chief Marc Dunoyer to head Alexion (NASDAQ:ALXN) on completion of its agreed acquisition of the U.S. rare disease business, it said on Friday. The Anglo-Swedish drugmaker agreed in December to buy Alexion for $39 billion. The company's biggest deal yet gives it a specialist in rare-disease immunology to add to its fast-growing cancer medicines unit and a major COVID-19 vaccine. Dunoyer's proposed switch will allow Alexion's Aradhana Sarin to move in the opposite direction, becoming AstraZeneca CFO in the first change to its senior leadership in eight years....

Меню

Investors keep loading cash fearing stimulus dial backs – BofA By Reuters

UK card spending steady at 95% of pre-pandemic level last week: ONS By Reuters

Japan shares lower at close of trade; Nikkei 225 down 0.40% By Investing.com

German competition authority launches probe into Google’s news showcase By Reuters

European stocks steady ahead U.S. jobs data, airlines slide By Reuters

Right for G7 meeting to take place in person, precautions under review – minister By Reuters

UK’s Sunak hopes for ‘significant progress’ at G7 By Reuters

Take Five: U.S. inflation, China trade and the ECB By Reuters

British shares muted ahead of economic data; airlines skid By Reuters

AstraZeneca lines up finance chief Dunoyer to head Alexion By Reuters

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