Market Pulse - Europe
Stocks 'set to recover from here', JP Morgan says
Equities are likely to "recover from here" as long as a recession does not ensue, not least now that the Federal Reserve has reached "peak hawkishness", said strategists at J. P. Morgan.
Sunday newspaper round-up: Vodafone, Bank of England, Ukrainian grain
State-controlled Emirates Telecommunications Group has amassed a 9. 8% stake in Vodafone. However, Etisalat, as the Abu Dhabi telecoms operator is know, has said it has no intention of making a takeover bid nor is it "seeking to exert control or influence". That statement in effect bars it from being able table a bid for six months. Be that as it may, Enders analyst. , Karen Egan, believes that the move adds to the pressure on Vodafone boss, Nick Read, to accelerate his restructuring plans.
Week ahead: UK employment and CPI data, China activity figures in focus
Investors' focus over the coming week will shift back towards the UK where a slew of economic reports are due out which are expected to underscore the current high inflation levels alongside a strong jobs market.
BoA sees some 'good news' for those expecting a 'bear bounce' over next few weeks
Strategists at Bank of America saw signs of "good news" amid the carnage in crypto and in speculative technology for those investors holding out for a "bear bounce" during the following weeks.
KPMG fined £14.4m by FRC for forging documents in Carillion audit
Consultants KPMG were slapped with a £14. 4m fine by the UK accounting watchdog in response to "serious misconduct" on the part of the auditors of failed outsourcer Carillion.
Two more ECB rate-setters flag support for July rate hike
Two more top policymakers at the European Central Bank said they favoured starting to hike interest rates as soon as July.
Citi says shares may not have priced in a full-blown recession yet
The stock market may not have discounted a full-blown recession just yet, analysts at Citi said.
Europe close: Stocks put in slight bounce
European shares put in a slight bounce following the heavy selling seen during the previous session.
Barclays sees BAE Systems's order intake accelerating due to escalation in war
Analysts at Barclays reiterated their 'overweight' recommendation for shares of BAE Systems, predicting that the defence engineering firm's order intake would accelerate throughout 2022 due to the escalation of the conflict in Ukraine.
Mondi reports bumper Q1 operating earnings, set to divest Russian ops
Mondi reported a bumper first quarter with good demand across its business lines and higher average selling prices offsetting continued cost pressures.
Pope trying to arrange person-in-person meeting with Russian President
News surfaced on Tuesday of the Roman Catholic Pope's efforts to try to convince the Kremlin to end the fighting in Ukraine, but to no avail as of yet.