13 August

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Consumer Sentiment in U.S. Plunges to Lowest Since 2011 By Bloomberg

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(Bloomberg) -- U.S. consumer sentiment fell in early August to the lowest level in nearly a decade as Americans grew more concerned about the economy’s prospects, inflation and the recent surge in coronavirus cases. The University of Michigan’s preliminary sentiment index fell by 11 points to 70.2, the lowest since December 2011, data released Friday showed. The figure fell well short of all estimates in a Bloomberg survey of economists. The slump in confidence risks a more pronounced slowing in economic growth in coming months should consumers rein in spending. The recent deterioration in sentiment highlights...

13 August

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FTSE edges higher in quiet trade, USD falls after data, Bitcoin jumps By Investing.com

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Key Points FTSE 100 closing price of 7,219.18, +0.36% Babcock shares rise after unit disposal Avon falls following profit warning USD declines after data Oil steady amid light news flow Bitcoin rallies, Cardano outperforms By Samuel Indyk Investing.com – The FTSE 100 edged higher on Friday in quiet trade. The blue-chip index had its fourth consecutive weekly gain, its longest run since November. The FTSE 250 hit a record high, supported by Babcock (LON:BAB) whose shares rallied after they disposed of their Frazer-Nash Consultancy subsidiary to KBR (NYSE:KBR) for £293 million. The defence company said the...

13 August

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WHO seeks to take political heat out of virus origins debate By Reuters

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By Emma Farge GENEVA (Reuters) - The World Health Organization said on Friday it was setting up a new group to trace the origins of the coronavirus, seeking to end what it called "political point scoring" that had hampered investigations. The inability of the WHO to say where and how the virus began spreading has fuelled tensions among its members, particularly between China, where COVID-19 cases were first identified in Wuhan in late 2019, and the United States. The WHO called for all governments to cooperate to accelerate studies into the origins of the COVID-19...

13 August

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European stocks head for record run as summer rally rolls on By Reuters

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By Tommy Wilkes LONDON (Reuters) - European stocks hit new highs on Friday and were on course for a record-breaking run, capping another strong week as investors seize on a dip in U.S. inflation and more forecast-beating corporate earnings. It was a different story in Asia, where worries about a regulatory crackdown in China and a surge in the COVID-19 Delta variant has sapped confidence. U.S. inflation numbers this week suggested rising price growth may be peaking, which would ease pressure on the Federal Reserve to begin tapering its asset purchases. "We see the...

13 August

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Airbnb Falls With Delta Variant Set to Hit Bookings By Investing.com

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By Dhirendra Tripathi Investing.com – Airbnb stock (NASDAQ:ABNB) slipped 3% in Friday’s premarket trading as the company said the delta variant of the Covid-19 virus will continue to affect overall travel behavior, potentially resulting in bookings in the current quarter falling below the previous one. The company said July-September Nights and Experiences bookings will be lower than the level in the same quarter of 2019, although they will significantly outperform the 2020 quarter. The company said how often and when guests book and cancel their travel plans will remain affected. The delta variant is wrecking plans...

13 August

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Virgin Galactic falls as billionaire Branson sells stake worth $300 million By Reuters

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(Reuters) - Shares of Virgin Galactic Holdings Inc fell more than 3% on Friday after its founder and British billionaire Richard Branson sold a portion of his stake for nearly $300 million. Branson sold more than 10 million shares between Aug. 10 and 12, according to a regulatory filing https:// from late Thursday. The move comes a month after the space tourism company completed its first fully crewed test flight into space with Branson on board. The latest share sale leaves Branson with about 46.3 million shares worth roughly $1.2 billion as of stock's last closing...

13 August

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Investment banks in Australia shop for talent after raid by startups By Reuters

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By Scott Murdoch and Kane Wu HONG KONG (Reuters) - Bulge-bracket investment banks in Australia have ramped up hiring to rebuild their depleted teams, after audacious talent raids https://www.reuters.com/world/asia-pacific/dealmakers-australia-scramble-talent-new-entrants-flex-muscles-2021-03-18 by boutique rivals in the past year amid record dealmaking activity in the country, bankers and headhunters told Reuters. Most major banks in Australia, including Wall Street firms, have been scrambling to add bankers https://www.reuters.com/article/us-australia-banks-boutiques-analysis-idUSKBN2BA2RF since the start of the year as part of a campaign to defend their market share against new aggressive boutiques Barrenjoey Capital and Jarden. Credit Suisse (SIX:CSGN), Morgan...

13 August

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Timeline: Decline and near fall of Italy’s Monte dei Paschi, the world’s oldest bank By Reuters

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MILAN (Reuters) - Four years after spending 5.4 billion euros ($6.3 billion) to rescue it, Rome is in talks to sell Monte dei Paschi to UniCredit and cut its 64% stake in the Tuscan bank. Here is a timeline of key events in the recent history of Monte dei Paschi (MPS), which have made it the epitome of Italy's banking nightmare. NOVEMBER 2007 - MPS buys Antonveneta from Santander (MC:SAN) for 9 billion euros in cash, just months after the Spanish bank paid 6.6 billion euros for the Italian regional lender. JANUARY 2008 - MPS...

13 August

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UK’s Gatwick Airport in talks with banks over debt By Reuters

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PARIS (Reuters) - Britain's Gatwick Airport is in talks with its banks over a temporary waiver of its financial covenants, according to a statement issued on Friday by its French majority owner Vinci. "Given the exceptional circumstances affecting air travel, the company states that it has entered into discussions with its lenders to temporarily waive its financial covenants," London Gatwick Airport said in the statement. The global aviation industry has been hit by travel restrictions prompted by the COVID-19 crisis. ...

13 August

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European stocks set for fourth week of gains By Reuters

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(Reuters) - European stocks scaled new highs on Friday and were on track for their fourth consecutive week of gains on optimism over a strong earnings season and steady recovery from the pandemic-led economic downturn. The pan-European STOXX 600 index inched up 0.1% by 0712 GMT to hit a record high for the tenth straight session. Retailers and travel & leisure stocks were the top sectoral gainers. Adidas (DE:ADSGN) rose 1.8% after it said it was selling Reebok to Authentic Brands Group for up to 2.1 billion euros ($2.5 billion). Pet supplies retailer Zooplus shot...

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Consumer Sentiment in U.S. Plunges to Lowest Since 2011 By Bloomberg

FTSE edges higher in quiet trade, USD falls after data, Bitcoin jumps By Investing.com

WHO seeks to take political heat out of virus origins debate By Reuters

European stocks head for record run as summer rally rolls on By Reuters

Airbnb Falls With Delta Variant Set to Hit Bookings By Investing.com

Virgin Galactic falls as billionaire Branson sells stake worth $300 million By Reuters

Investment banks in Australia shop for talent after raid by startups By Reuters

Timeline: Decline and near fall of Italy’s Monte dei Paschi, the world’s oldest bank By Reuters

UK’s Gatwick Airport in talks with banks over debt By Reuters

European stocks set for fourth week of gains By Reuters

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