Stocks on the move: Ames-Osram up 5.8%, Hanover Rock up 5.1%. Semiconductor manufacturer Ams-Osram It rose 5.8% to lead the Stoxx 600 on news that Aldo Kamper, formerly of German cable and harness company, Aldo, has been appointed as its new CEO. At the other end of the European standard, Hanover Roeck It fell further … Read more
Stocks on the Go: Unicredit up 11%, Philips down 5.8% UniCredit It continued to trade higher in the afternoon trade, up 11% after Tuesday’s bumper earnings report. On the other hand, the German arms maker Rheinmetall fell to the bottom of the benchmark, down 6.4%, and Phillips 5.8% sank the news that the workforce will … Read more
Quick PMI: The UK experienced a sharp contraction in activity in January In contrast to the eurozone’s apparent recovery in business activity in January, purchasing managers’ index (PMI) readings from the UK on Tuesday showed that the economy contracted at its sharpest rate in two years. The UK’s composite S&P Purchasing Managers’ Index, which includes … Read more
The BBVA chief says CEOs in Davos are more optimistic than they were a month ago The Chairman of the Board of Directors of the Spanish BBVA Bank, Carlos Torres Villa, said that the normalization of the interest rate environment in 2023 will support European banks. He also discussed how recent data has fueled optimism … Read more
Long-term British yields fell by 15 basis points Long-term British government bond yields fell sharply, reaching their lowest level since December 19th. yields on 10 yearsAnd 20 years And 30-year gold bonds All were down about 15 basis points at 2:15pm London time. Yields move inversely to prices. – Jenny Reed The strategist says the … Read more
Powell stresses the need for political independence for the Federal Reserve while addressing inflation US Federal Reserve Chairman Jerome Powell attends a press conference in Washington, D.C. on December 14, 2022. Liu Ji | Xinhua News Agency | Getty Images Chairman of the Federal Reserve Jerome Powell On Tuesday, he stressed the need for the … Read more
A strategist said the UK would perform worst among the major developed economies in 2023 Seema Shah, Chief Strategist at Principal Global Investors, expects a challenging start to 2023 for the UK with lower household savings and the effects of higher interest rates. French inflation slowed unexpectedly Skyline from the Arc de Triomphe in Paris, … Read more
Ukrainian officials describe Russian military equipment destroyed in the Donetsk offensive The General Staff of the Armed Forces of Ukraine said in a statement that up to 10 units of Russian military equipment were damaged or destroyed during the offensive on Russian-occupied Makevka in Donetsk. While Ukraine does not generally claim official responsibility for the … Read more
