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Credit Suisse starts SSP at 'underperform', says consensus too optimistic on recovery
Credit Suisse started coverage of food concessions group SSP at 'underperform' with a 220. 0p target price, telling clients that the multiple headwinds from the Covid-19 pandemic were set to be stronger and be longer-lasting than what analysts were anticipating.
Europe close: Positive Covid-19 vaccine news help stem losses
Stocks in Europe finished well off their lows of the session driven by a rally in travel and leisure issues after positive news out of the US on one of the lead candidates for a vaccine against Covid-19.
Thursday preview: US non-farm payrolls, SSP in focus
The market spotlight on Thursday will be firmly on the US jobs market, with both weekly and monthly data set to coincide ahead of the 4 July holiday which would be observed during the following day.
US manufacturing bouncing back but full recovery seen a ways off still
Manufacturing in the US picked up the tempo significantly last month, but economists were at pains to stress that it was doing so from still "very depressed" levels of activity.
Pfizer jumps on positive Covid-19 vaccine trial data
Shares of drug giant Pfizer were boosted by news of positive clinical trial results for a Covid-19 vaccine candidate known as BNT162b1.
Trading in German stocks tripped up by second technical snafu at Deutsche Boerse
The German Stock Exchange operator's electronic trading system blew a fuse on Wednesday morning, leading to a halt in trading across a large swathe of Central and East European equity markets.
Europe midday: Covid-19 worries, lower German GDP forecasts drag on stocks
European stocks got off to a poor start in the second quarter, weighed down by a warning over rising Covid-19 cases in the States from a top official and a sharp downgrade to Germany's GDP outlook from a top forecaster.
London midday: Stocks drop as investors keep an eye on Covid-19 risks in US
London stocks were lower at the start of the second quarter amid ongoing concerns about the coronavirus pandemic, especially in the States, and as investors eyed the latest readings on the UK's housing and manufacturing sectors.