Market Pulse - Europe
European natural gas prices spike as Equinor workers strike
European natural gas prices were on the rise again after workers at Norway's Equinor initiated a strike action overnight.
Berenberg still in 'sell the rally mode', recommends stagflation hedge strategy
Equity strategists at Berenberg recommended investors stick with a stagflation hedge strategy.
Biden administration said to be mulling partial roll back of US trade tariffs on China
The Biden administration is expected to announce a partial roll back of US trade tariffs on Chinese goods exports as soon as this week.
Bundesbank chief warns against using ECB's tools to contain wider spreads
The head of Germany's central bank urged caution on using policy tools to limit the borrowing costs of weaker economies within the single-currency bloc.
JP Morgan stays overweight on Glencore, sees China macro alignment for 2H 2022 outperformance
Analysts at JP Morgan sounded a bullish note on the outlook for European Middle East and Africa miners in the back half of 2022.
Depth of economic recession and geopolitical risks are key for 2H outlook, BofA says
Bank of America strategists' contrarian stock market timing models continued to flash 'buy' across the latest week, but risks were not absent.
Covid-19 cases surge during latest week due to BA.4 and BA.5 Covid-19 sub-variants
The number of new coronavirus cases in Britain jumped again during the preceding week, likely due to the more infectious BA. 4 and BA. 5 variants of the Omicron variant of Covid-19.