Market Pulse - Europe
Sunday share tips: The Auction Group, SSP Group
The Financial Mail on Sunday's Midas column tipped shares of Auction Technology Group to readers, saying they offered "clear, long-term potential".
Germany's central bank slashes economic growth forecasts
Germany’s central bank cut its economic growth forecasts for the country on Friday, as the war in Ukraine and red-hot inflation impacted the post-Covid recovery.
Europe close: Stocks slip after ECB signals slightly more hawkish than expected policy tightening
European shares slumped as investors digested the European Central Bank's plans for interest rate hikes and an end to asset purchases.
ECB boss queried on 'fragmentation' risks
European Central Bank boss was grilled by journalists about potential fragmentation risks in the euro area after the Governing Council announced its decision to stop asset purchases and to signal the start of an interest rate hiking cycle from July.
ECB signals intention to hike rates by 25bp in July, possibly more in September
The European Central Bank announced that it will wrap up its asset purchases on 1 July and execute a first rate hike of 25 basis points that same month, followed by another - possibly larger - increase in September and with more to come thereafter.
Mario Draghi says euro area not overheating
Mario Draghi appeared to caution on Thursday against moving too quickly on tightening monetary policy.
Citi and RBC upbeat on Melrose after fresh guidance for aerospace
Analysts at Citi reiterated their 'buy' recommendation for shares of Melrose on the back of the company's update guidance ahead of its Aerospace Capital Markets Day.
Credit Suisse warns on profits for third time this year
Credit Suisse issued its sixth profit warning in seven quarters - its third this year alone - on Wednesday morning, as its clients scaled back on risk in tough market conditions.
Inditex quarterly profits rise despite temporary closures
Retailer Zara's parent company Inditex reported improved quarterly profits on Wednesday despite taking a €216. 0m hit as a result of the temporary shuttering of its business in both Ukraine and Russia.
Citi says Glencore is a crowded trade but for 'all the right reasons'
Analysts at Citi reiterated their 'buy' recommendation (Target price: 700. 0p) for shares of Glencore despite the fact that consensus longs often go wrong.
Europe close: Stocks slip heading into ECB meeting
European shares finished lower on Tuesday after Australia’s Reserve Bank lifted interest rates again and the future of the UK government remained in doubt after a less-than-convincing confidence vote win by Prime Minister Boris Johnson.
Berenberg says investors' fears around JD Sports 'overdone'
Analysts at Berenberg reiterated their 'buy' recommendation for shares of JD Sports, telling clients that investors' macro fears were overdone.
Sector movers: Miners gain on news of easing in China lockdowns, talk of trade tariff reductions
Shares in Industrial Metals & Mining names were among the best performers on the FTSE 350 at the start of June as UK investors reacted to news that Chinese authorities were easing Covid-19 restrictions.
Berenberg stays at 'buy' for AstraZeneca after trial results for Enhertu against breast cancer
Analysts at Berenberg reiterated their 'buy' recommendation with a 120. 0p target price for shares of AstraZeneca following the release of the company's clinical trial results for its treatment against metastatic breast cancer.
German retail sales tumble much further than expected
German retail sales plunged far beyond expectations in May, according to data released on Wednesday morning, as rising consumer prices and lockdowns in China took their toll.