20 May

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Credit Suisse goes overweight continental Europe stocks on recovery potential By Reuters

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LONDON (Reuters) - Credit Suisse (SIX:CSGN) said on Thursday it upgraded continental European equities to overweight and predicted they could become potentially a longer-term investment, citing a catch-up in economic recovery, valuations and excess liquidity. "European GDP is 5.5% below previous peak, the U.S. is back to previous peak and we now see a potential catch-up in Europe on the basis of the vaccine roll-out (possibly 70% of the adult population by early September), the fiscal boost (2% of GDP) and excess savings (4.5% of GDP)," Andrew Garthwaite said in a note...

20 May

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Earnings, chip M&A talks keep European stocks buoyant By Reuters

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(Reuters) - European stocks rose on Thursday after one of the worst selloffs this year as strong earnings and merger talks in the chip sector helped investors look past inflation worries. The pan-European STOXX 600 index rose 0.6% after suffering a 1.5% loss in the previous session. Asian stocks and U.S. futures, however, struggled after a hint of tapering talk from the U.S. Federal Reserve, while still reeling from a crash in cryptocurrencies. [MKTS/GLOB] French conglomerate Bouygues (PA:BOUY) gained 2.3% after it raised the full-year guidance for its telecoms division and reported a...

20 May

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Swiss engineering sector optimistic that pandemic gloom is receding By Reuters

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ZURICH (Reuters) - More than half of Swiss engineering firms expect orders from abroad to rise over the next 12 months and the sector could see revenue return to pre-pandemic levels in the second half of this year, an industry group said on Thursday. The business environment improved further in the first quarter as vaccinations are on the rise in Western countries and the world increasingly looks beyond the pandemic, Swissmem said. Its members include ABB, Schindler and the Swiss operations of German-based Bosch, among dozens of other companies. "I'm pleased the positive trend is continuing...

20 May

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Storytel signs audiobooks partnership with Spotify By Reuters

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STOCKHOLM (Reuters) - Swedish audiobook streaming group Storytel has partnered with Spotify to allow its subscribers to listen to its library of audiobooks on Spotify from later this year. Storytel offers listening and reading of more than 500,000 titles across 25 markets and competes with the likes of Amazon (NASDAQ:AMZN)'s Audible. "We will also be tapping into the opportunity of reaching new audiences who are on Spotify today, but have not yet experienced the magic of audiobooks," said Jonas Tellander, founder and CEO of Storytel. ...

20 May

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France’s hotel group Accor plans to sponsor a SPAC By Reuters

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PARIS (Reuters) - Europe's biggest hotel group Accor (PA:ACCP) said on Thursday it planned to sponsor a special purpose acquisition company (SPAC) to be listed on Euronext Paris. The company said in a statement it expected the SPAC to raise about 300 million euros ($365.37 million). ($1 = 0.8211 euros) ...

20 May

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French car hire company Virtuo raises 80 million euros in new financing By Reuters

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PARIS (Reuters) - French car hire company Virtuo, one of many new car-hire firms looking to challenge the dominance of companies such as ride-hailing app Uber (NYSE:UBER), said it had raised 80 million euros ($97 million) in new financing. ($1 = 0.8211 euros) ...

20 May

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Dufry first quarter turnover plunges on travel restrictions By Reuters

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(Reuters) - Swiss duty free retailer Dufry reported on Thursday a 67% plunge in underlying first-quarter turnover to 460.3 million Swiss francs ($510 million), hit by travel restrictions to counter the pandemic. The Basel-based company also confirmed its two cash flow scenarios for 2021 - an average monthly cash flow break-even for 2021 if turnover drops 40% and a cash burn of 40 million Swiss francs if turnover falls by 55%. ($1 = 0.9034 Swiss francs) ...

20 May

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China keeps lending benchmark rate unchanged for 13th straight month By Reuters

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SHANGHAI (Reuters) - China kept its benchmark lending rate for corporate and household loans unchanged for the 13th straight month at its May fixing on Thursday, in line with market expectations. The one-year loan prime rate (LPR) was kept at 3.85%. The five-year LPR remained at 4.65%. Twenty-two traders and analysts, or 92% of all 24 participants, in a snap Reuters poll conducted this week predicted no change in either rate. Most new and outstanding loans in China are based on the one-year LPR. The five-year rate influences the pricing of mortgages. ...

20 May

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Stocks struggle as taper talk, crypto crash put markets on edge By Reuters

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By Tom Westbrook SINGAPORE (Reuters) - Stock markets struggled for traction on Thursday after a jittery session on Wall Street where cryptocurrencies crashed and a hint of tapering talk from the U.S. Federal Reserve drove selling in the bond market and lifted the safe-haven dollar. Benchmarks in South Korea and Japan were either side of flat in morning trade and Hong Kong's Hang Seng fell about 0.8% to pull MSCI's broadest index of Asia-Pacific shares outside Japan down by 0.2%. Bitcoin, which plunged as much as 30% to $30,000 overnight, was struggling for support around $36,000....

20 May

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BHP delivers first iron ore from $3.6 billion South Flank project By Reuters

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MELBOURNE (Reuters) - BHP Group has produced its first iron ore at its $3.6 billion South Flank operations in the central Pilbara region of Western Australia, it said on Thursday. South Flank will produce 80 million tonnes per year of iron ore to replace diminishing output from the existing Yandi operation. South Flank, alongside BHP's Mining Area C, will form the largest operating iron ore hub in the world, producing 145 million tonnes of the steel-making material each year, the company said in a statement. It comes as iron ore prices reached records above $230...

Меню

Credit Suisse goes overweight continental Europe stocks on recovery potential By Reuters

Earnings, chip M&A talks keep European stocks buoyant By Reuters

Swiss engineering sector optimistic that pandemic gloom is receding By Reuters

Storytel signs audiobooks partnership with Spotify By Reuters

France’s hotel group Accor plans to sponsor a SPAC By Reuters

French car hire company Virtuo raises 80 million euros in new financing By Reuters

Dufry first quarter turnover plunges on travel restrictions By Reuters

China keeps lending benchmark rate unchanged for 13th straight month By Reuters

Stocks struggle as taper talk, crypto crash put markets on edge By Reuters

BHP delivers first iron ore from $3.6 billion South Flank project By Reuters

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