Market Pulse - Europe
Europe close: Stocks fall back after higher-than-expected inflation print
European stocks finished lower on Tuesday as investors were spooked by a worse-than-expected jump in euro zone inflation to a record high in May, raising fears of faster interest rate rises, and a surging oil price as European Union leaders imposed more curbs on Russian crude exports.
Europe close: Stocks eye positive close to a volatile month of May
European shares extended gains on Friday on the back of a Wall Street rally and positive closes in Asia as investors became more comfortable with central bank efforts to tackle inflation.
Summer bear rally bandwagon on the move on 'peak inflation' talk, BoA says
It's off to the races with a summer bear market rally bandwagon growing, one of Wall Street's top-rated strategy teams said.
Volkswagen settles UK 'Diesel Gate' claims for 193m pounds - Sky
Volkswagen has reached a settlement with over 100,000 UK car owners affected by the sale of diesel cars that had been installed with illegal devices to defeat emissions testing.
Wednesday preview: Fed minutes, Marks&Spencer in focus
All eyes in the middle of the week will revert to the US central bank as it releases the minutes of its 3-4 May policy deliberations.
Europe close: Stocks buckle amid late wave of selling
Europe's main equity indices buckled near the end of trading as selling on Wall Street picked up, especially in the technology space.
Klarna planning to cut 10pc of its global workforce
Consumer credit provider Klarna is planning to axe 10% of its staff, it was reported on Tuesday, as the company warned that a recession looked likely.
Euro area PMIs miss forecasts in May, but economy resilient
Euro area economic growth was resilient in May despite being buffeted by multiple headwinds, the results of three closely-followed surveys revealed.
ECB won´t be rushed on raising rates, Lagarde says
The European Central Bank does not need to rush interest rate hikes because inflationary pressures were coming from the so-called supply side of the economy, Christine Lagarde said.
JP Morgan upbeat on outlook for oil field services and exploration outfits
Analysts at JP Morgan sounded an upbeat note for European Union oil field services as well as oil and exploration names.
Euro area interest rates may no longer be negative by end of September, ECB's Lagarde says
Interest rates in the single currency area may well be out of negative territory by the end of September, the head of the European Central Bank said.
Siemens Energy launches EUR 4bn bid for ailing Gamesa
Siemens Energy announced a €4. 05bn (£3. 43bn) bid for the rest of Siemens Gamesa over the weekend, as the ailing wind turbine engineer faced mounting issues with its operations and ongoing product delays.
ECB's Rehn, De Cos show support for interest rate hikes
Two more of the European Central Bank's top policymakers added their voices to those showing support for interest rate hikes and more than one at that.
Euro area CPI unchanged in April
The cost of living in the euro area was unchanged last month, contrary to a preliminary estimate.
Wednesday preview: UK CPÎ, Burberry in focus
The market spotlight on Wednesday will fall on consumer price inflation in the UK.
ECB's Knot opens door to possible 50bp interest rate hike
One of the European Central Bank's most hawkish officials opened the door to a possible 50bp interest rate hike if needed.
Synairgen posts positive clinical trial data for SNG001
Shares of Synairgen caught a bid following the release of clinical trial results which appeared to show that its SNG001 formulation against Covid-19 might lower the risk of severe disease or death in the most at risk patients.
Tuesday preview: UK employment, Vodafone in focus
The market spotlight on Tuesday will be on UK employment with economists keen to see whether the labour market remains tight and how well - given the ongoing cost-of-living crisis - wage growth is holding up.
Deutsche Bank and JP Morgan lower their target prices for Rolls Royce
Analysts at Deutsche Bank and JP Morgan lowered their target prices for Rolls Royce following medium-term guidance from the aerospace engineer.
London midday: Stocks flat after weak Chinese data, US recession warning
London stocks were little changed come midday despite the release of disappointing Chinese data and warnings that the US could be headed into a recession.