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Asia Pacific heading towards uneven recovery amid lurking risks, World Bank says
One year on from the start of the pandemic, the Asia Pacific region's economy is still facing multiple risks, not least from an uneven recovery among countries and the possibility that new virus strains might appear, the World Bank said.
Morgan Stanley relatively overweight European stocks, but recommends some 'profit taking' in cyclicals
Strategists at Morgan Stanley continue to favour a "relative overweight" of European equities versus other regions even though global stocks more generally were now "more accurately pricing in the positive global macro outlook. ".
FTSE 250 movers: Commodity stocks, Direct Line Group and Taylor Wimpey unloved
Commodity-related issues were weakest on the second-tier index at the start of the week as investors continued to shy away from that segment of the stock market.
US close: Dow registers record close in mixed trading session
Wall Street stocks turned in a mixed performance on Monday following a fresh record close for the S&P 500 in the final session of the previous week.
Wednesday preview: Euro area CPIs, consumer and industrial confidence in focus
Financial markets' focus on Tuesday will shift to the other side of the Channel, where preliminary readings on consumer price inflation for the month of March are due out in Germany and Spain.
European close: Stocks edge higher as investors brush off fallout from Archegos
European shares started the week on the front foot despite Credit Suisse and Nomura warning of significant losses after a US hedge fund client defaulted on margin calls.
China warns firms to stay out of Xinjiang politics
Chinese officials on Monday warned foreign brands to stay out of local politics after firms including H&M and Nike raised concerns about forced labour in Xinjiang.
J&J to supply 400m Covid-19 vaccine doses to African Union
Johnson & Johnson has agreed to supply member states of the African Vaccine Acquisition Trust with 400m dosis of its Covid-19 jab, the company said on Monday.
Traffic resumes in Suez Canal as stuck cargo ship refloated
The giant cargo ship that had blocked the Suez Canal for nearly a week was refloated on Monday, announced Egyptian authorities.
London close: Stocks slightly weaker as pound dents FTSE 100
London stocks closed just below the waterline on Monday, as a stronger pound put the brakes on the top-flight index.
Director dealings: James Cropper chairman ups stake
James Cropper said on Monday that chairman Mark Cropper had acquired 14,015 ordinary shares in the AIM-listed materials and paper products group.
Berenberg boosts target for Ceres, sparks share price gains
Berenberg has upped in price target on Ceres Power on growing investor interest in fuel cell technology.
Karl Keegan appointed new e-therapeutics finance chief
Network biology technology company e-therapeutics announced the appointment of Dr Karl Keegan as its chief financial officer in a non-board capacity with immediate effect on Monday.
Broker tips: BT Group, Ceres Power, Strix Group
Morgan Stanley upgraded its stance on shares of telecoms company BT Group on Monday to ‘overweight’ from 'equalweight' and lifted the price target to 200. 0p from 125. 0p as it argued that overhangs are easing.
Deltic Energy and Shell decide to drill Pensacola Prospect
Deltic Energy said on Monday that itself and its joint venture partner on licence P2252, Shell UK, had made a positive well investment decision to drill the high-impact Pensacola Prospect on the licence in the UK Southern North Sea.
Morgan Stanley upgrades BT to ‘overweight’, says overhangs are easing
Morgan Stanley upgraded its stance on shares of telecoms company BT Group on Monday to ‘overweight’ from ‘equalweight’ and lifted the price target to 200p from 125p as it argued that overhangs are easing.
US open: Bank stocks under pressure at the bell
Wall Street stocks were in the red at the bell on Monday, with bank stocks, in particular, under pressure in early trading.
FTSE 100 movers: Renishaw surges; BT boosted by upgrade
London’s FTSE 100 was flat at 6,736. 07 in afternoon trade on Monday.
Keras flags delay to new Diamond Creek processing plant
Mineral resource company Keras Resources reported progress at the Diamond Creek high-grade direct shipping ore organic phosphate mine in Utah on Monday, reporting “encouraging results” from the marketing campaign over the winter.
JP Morgan expects shares will gain alongside bond yields, at least for now
Strategists at JP Morgan reiterated their positive stance on equities, notwithstanding the fact that government bond yields were very likely still headed higher.