Market Pulse - Europe
Investors moving back into credit, banks and technology catch a bid, BofA says
Investors moved back into credit and to a lesser extent into banking and technology stocks over the preceding week, BofA Securities strategists said.
Eurozone industrial output rises more than expected in June
Industrial production in Europe’s common currency rose more than expected in June, according to fresh data on Friday morning, although analysts were warning of a serious softening in the second half of the year.
UK house prices continued rising in July, RICS says
UK house prices continued to rise in July and were expected to continue to do so so over the year ahead as a result of a "severe lack of stock", the results of a survey revealed.
Russian oil flows to Central Europe halted due to payment problems
Ukraine halted the flow of Russian oil to southern Europe in early August due to the inability to process oil transit fees as a result of sanctions.
Societe Generale net income rises 16pc in first half
Societe Generale reported underlying group net income of €3. 1bn in its first half on Wednesday, up 16. 3% year-on-year, although its reported net income was a negative figure, at €640m.
EU retail sales fall 1.2% in June
Retail sales in the Euro Area dropped 1. 2% month-on-month in June, according to Eurostat, the steepest decline year-to-date and significantly worse than expectations of an unchanged print.
Europe close: Geopolitical tensions hold shares back
European shares were down as fears of an economic slowdown and rising geopolitical tensions between the US and China dampened sentiment.
Europe close: Stocks mostly higher despite weak manufacturing PMIs
European stocks were mostly higher at the start of August, even as investors digested weak manufacturing data for the eurozone and China.
London midday: FTSE 100 starts August on the front foot
London shares were modestly higher shortly after midday with the buying seen across July having carried over into the start of the month.
London open: Pearson and HSBC pace gains on FTSE 100
London shares were modestly higher in early trading with the buying seen across July having carried over into the start of the month.
London pre-open: Stocks set to dip, poor China PMIs drag
London's top-flight index is being called to start the session slightly lower following the release of weaker than expected readings for key factory Chinese factory sector surveys overnight.