Market Pulse - Europe
Heineken warns of ongoing Covid-19 impacts in 2022
Dutch brewing company Heineken warned on Wednesday that the Covid-19 pandemic would continue to weigh on revenues in 2022, with impacts stemming from inflation and supply chain bottlenecks being particularly significant.
Euro area industrial production jumps past forecasts amid surge in demand for capital goods
Euro area industrial production jumped past forecasts at the end of 2021 on the back of a surge in demand for capital goods.
Euro area employment growth remains steady during the fourth quarter of 2021
Employment growth in the single currency area slowed at the end of last year but nevertheless continued to grow at a steady clip in annual terms.
Morgan Stanley hikes target prices for BP and Shell on higher commodity prices
Morgan Stanley marked up its target prices across the European Oil&Gas space after updating its commodity price assumptions.
Sunday share tips: BP, Shell, Syncona
The Financial Mail on Sunday's Joanne Hart told readers of the Midas column that the investment case for shares of BP and Shell now "seems pretty clear" and argued that both were likely to continue "richly rewarding" their shareholders via dividend payouts over the next five years.
IEA calls on OPEC+ to allow Middle East producers to boost output
Oil supplies from OPEC+ over the course of 2022 could undershoot the producer alliance's own goals by 1. 0bn barrels unless those member countries who have spare capacity on hand increase their output, the world's oil watchdog said.
ECB's Lagarde says all moves by central bank need to be 'gradual'
The European Central Bank's boss hit back overnight at critics, arguing that any action to bring inflation back into line needed to be "gradual", attributing record inflation readings to energy prices and pointing out that current wage pressures were "very moderate".
Europe close: Stocks push ahead, periphery stocks lead
Europe's main stock market indices clocked in with big gains on Wednesday, driven by a strong Wall Street performance overnight and strong corporate news.
ECB may raise rates in 2022, Buba chief says
Interest rates in the single currency bloc may need to go higher as soon as 2022 as the costs of acting too slowly could be "significantly" higher, the new head of the German central bank said.
JP Morgan comes away 'bullish' from BP Q4 results, sees positive skew to consensus revisions
Analysts at JP Morgan reiterated their 'overweight' stance on shares of BP hailing the outfit's ability to deliver sector-leading total shareholder returns and positive 'skew' to consensus estimates for the company's earnings going forwards.
Morgan Stanley expecs continued EU stock outperformance, FTSE among preferred investments
Equity strategists at Morgan Stanley told clients that they expected European Union stocks to continue outperforming, given what they described as a "benign" macroeconomic backdrop.
Europe close: Stocks edge higher ahead key inflation readings later in the week
European shares rose slightly despite the persistent inflationary worries but on a light day in terms of fresh economic data.
US December trade deficit falls a tad short of forecasts
America's shortfall on trade with the rest of the world widened by less than expected at the end of 2021.
Europe midday: Stocks yield early gains
European shares beat expectations and opened brightly on Tuesday, but come midday the persistent inflationary worries had whittled away their initial gains.
Immune system creates neutralising antibodies against Omicron after three exposures
German scientists have shown that the human immune system creates an abundant amount of high quality antibodies capable of neutralising Omicron once it has encountered the virus's spike protein three times.
J.P.Morgan says cycle not yet over in stocks, reiterates 'overweight' on UK
Equity strategists at JP Morgan told clients that stocks continue to offer a "supportive" risk-reward and that the cycle was "far from over".
Friday preview: US non-farm payrolls, German factory orders in focus
All eyes at the end of the week will be on the US non-farm payrolls report for the month of January.
Governing council 'will not be rushed' into interest rate hikes, ECB chief says
The European Central Bank will not be rushed into interest rate hikes and observers shouldn't overdo it when speculating on possible hikes.
ECB stays put, PEPP still set to end in March
The European Central Bank kept all its main policy levers at their current settings following Thursday's meeting of its governing council.
Euro area services slowed a bit more quickly than expected in January, survey shows
Services sector activity in the single currency area slowed further at the start of 2022 due to the drag from rising numbers of Omicron cases, the revised results of a closely-followed survey revealed.