Market Pulse - Europe
Europe midday: Stocks mired in the red as markets assess latest news on Omicron
European shares were holding lower come midday after the head of drug company Moderna said existing Covid vaccines may struggle to combat the Omicron variant of the SARS-CoV-2 virus.
Euro area inflation jumps past forecasts in November
The cost of living in the euro area surged past forecasts in November but economists were anticipating that it would soon peak.
Tuesday preview: Fed's Powell, EasyJet in the spotlight
The market spotlight on Tuesday was likely to be on testimony from the head of the US Federal Reserve, Jerome Powell, and US Treasury Secretary Janet Yellen, both of whom were due to testify before a Senate panel on the CARES Act Relief programme.
Europe close: Stocks put in a timid bounce as investors try to discern near-term outlook
European shares managed a bounce at the start of the week, although by the end of the trading day it was much diminished, as investors tried to figure out the possible scenarios for the economic outlook in the wake of the discovery of Omicron, the new variant of Covid-19.
JP Morgan sees Brent oil price 'overshoot' to $150 per barrel in 2023
Analysts at JP Morgan predicted that underinvestment in new oil production capacity was set to drive Brent crude oil prices to $125 per barrel in 2022 and $150 in 2023.
China pledges 1.0bn Covid-19 vaccine doses for Africa
China announced its intention to supply a further one billion doses of its Covid-19 vaccines to African countries on Monday.
UK consumer credit and mortgage lending rise by less than expected in October
Lending to individuals edged higher in October even as mortgage borrowing hit a three-month low.
CMA set to block Facebook acquisition of GIF platform Giphy
Facebook’s acquisition of animated GIF platform Giphy is set to be blocked by the UK’s competition watchdog, it was reported on Monday, which would mark the first time the Competition and Markets Authority (CMA) puts the brakes on a Big Tech deal.
Russian energy minister warns against 'hasty' decisions on oil output
Russia's energy minister cautioned on Monday against hasty decisions in the wake of the discovery of the Omicron variant of Covid-19.
Spanish CPI hits near three-decade high in November
The cost of living in Spain hit a near three-decade high in November on the back of rising food and gasoline prices.
South Africa to avoid strict curbs, WHO urges caution
South African officials decided not to reimpose mobility restrictions in the wake of the detection of the new Covid-19 variant in the country that had been dubbed Omicron.
New Covid variant triggers alarm bells around the world
Authorities in the UK and many other European countries moved quickly to cut travel links with South Africa and several other countries in southern Africa following the detection of a new variant of Covid-19 with a large number of mutations on the so-called 'spike' protein.
Europe close: Stocks end on a mixed note amid more selling in the euro
European shares finished on a mixed note on Wednesday as weak German business survey data and rising Covid cases in the region hit sentiment.
US foreign trade deficit falls sharply in October
America's shortfall on trade with the rest of the world dropped sharply last month amid a jump in exports.
Liberum upgrades Big Yellow to 'buy', hikes target price
Analysts at Liberum upgraded their recommendation for shares of Big Yellow from 'hold' to 'buy', labelling the storage company's latest interims as "strong".
Turkish lira still in freefall
Turkey´s lira went into freefall on Tuesday after the country´s President said the country was fighting an "economic war of independence".
Europe midday: Stocks come off intra-day lows
European stocks were holding lower come midday as a spike in Covid-19 cases hit investor sentiment, although they had come off their worst levels.
Barclays tells clients that its 'too early to sell' European stocks
Equity strategists at Barclays told clients that it was still too early to sell European stocks, arguing that the fundamentals should prevail even if the so-called 'contrarian' bearish view paid off at some point.
Tuesday preview: Global PMIs, CRH in focus
Investors will be treated to a raft of survey readings on Tuesday regarding levels of activity in global manufacturing and services during the month of November, courtesy of consultancy IHS Markit.