Market Pulse - Europe
Wednesday preview: Fed Beige Book, Rio Tinto in the spotlight
The market spotlight in the middle of the week will be on the US central bank as its next policy meeting starts to come into view.
IMF slashes global forecasts, warns of risks and still worse outcomes
The war in Ukraine will have many effects that will reach far and wide, not least by adding to price pressures and worsening the already stiff policy challenges faced by countries, the world's financial watchdog said.
Europe midday: Stocks lower as Russia renews Ukraine invasion
European shares were still below the waterline on Tuesday afternoon, as Russia started its assault on eastern Ukraine and more hawkish comments from US federal Reserve officials dampened sentiment.
Sunday newspaper round-up: Twitter, M&S, TalkTalk
Elon Musk has begun discussions with possible partners for a bid on Twitter after the iconic social media outfit put in place a so-called 'poison pill' in an attempt to thwart a mooted £33bn takeover. That stratagem was preceded by Twitter's rejection of an offer from Musk last Friday worth $54. 20 a share. The pill would be activated should Musk take his own stake over the 15% threshold. - Sunday Times.
JP Morgan reiterates 'overweight' on UK equities, sees multiple positives
Strategists at J. P. Morgan reiterated their 'overweight' stance for UK equities, pointing to their "very attractive" valuations, the highest dividend yields from among key regions and low beta to back up their case.
TalkTalk considering possible £3bn sale
TalkTalk is facing a queue of potential suitors, it was reported on Friday, amid a global storm of telecom consolidations.
BofA calls into question Stoxx 600's resilience
Equity strategists at Bank of America called into question European stocks' rally from the selling that ensued after Russia invaded Ukraine.
Europe close: Stocks slip amid hawkish comments out of Fed and ECB
European shares surrendered early gains following hawkish comments from the US Federal Reserve overnight and out of the European Central Bank come Thursday.
Time is not on the BoE's side, Berenberg says
Bank has its work cut out for it in trying to bring inflation to heel while not tipping the economy into recession, argue economists at Berenberg.
BoA raises 2022-23 UK CPI forecasts, expects four hikes in Bank Rate
Economists at Bank of America raised their short-term inflation forecasts for the UK, predicting that Bank would hike short-term interest rates four more times as it tried to navigate both the risk of a recession and of too-high inflation.
Polish central bank raises rates by greater-than-expected 100 bp
Rate-setters in Warsaw hiked short-term rates by a greater-than-expected 100 basis points following inflation readings that came in an at a more than two decade high.
Deutsche Bank hikes AstraZeneca target price despite rising rate environment
Analysts at Deutsche Bank hiked their target price for shares of AstraZeneca, telling clients they saw no reason to tilt towards so-called 'value' names in the space and away from 'growth'.
French minister says EU sanctions on Russian oil and gas required 'sooner or later'
President of the European Council Charles Michel stated on Wednesday that sanctions against Russian oil and gas would be required "sooner or later", as the EU continues to lean towards completely banning energy purchases from Moscow.
Europe close: Stocks end mostly lower as Brussels weighs new sanctions on Russia
European shares finished mostly lower after the European Union unveiled a new sanctions package against Moscow, including a ban on Russian trucks and ships entering the bloc, after evidence emerged of war crimes in Ukraine.
Brussels tables ban on imports of Russian coal in response to alleged war crimes in Ukraine
Lawmakers in Brussels proposed a raft of new sanctions against Moscow in response to accusations of war crimes by its forces in Ukraine.
Europe close: Major indices carve out moderate gains
European shares made further moderate gains on Monday with little corporate news to drive the market and investors monitoring the possibility of new sanctions after Ukraine accused Russian forces of war crimes.