Market Pulse - Europe
Aston Martin welcomes China's Geely as new shareholder
Aston Martin welcomed Chinese automotive giant Geely as a new shareholder, while welcoming the Saudi sovereign wealth fund as a new anchor shareholder.
Europe close: Stocks hit by weakness in retailers, strong inflation data
European stocks were in the red again on Thursday as relief sparked by the Bank of England’s intervention in bond markets proved short-lived.
Credit Suisse halves target price for Boohoo, cites significant damage to business model
Analysts at Credit Suisse slashed their target price for shares of Boohoo Group on the back of the deterioration seen in the online fashion group's sales over the first half.
German state CPI data point to above consensus turnout at national level
The cost of living in Germany picked up sharply during the previous month, driven in part by the expiry of a temporary government mandated reduction in rail fares.
M3 money supply growth in euro area holds up, but decline in 'narrow money' accelerates
Money supply growth within the single currency block held up better than expected last month, although some economists said the data continued to point to slower economic growth.
Markets react calmly to right-wing coalition's election win in Italy, for now
Financial markets reacted calmly to the victory by a right-wing coalition in Italian elections at the weekend.
Europe close: Stocks, commodities and the euro all drop
European stocks fell back on Friday following recent tightening moves by central banks around the world, with a sharp drop in shares of Credit Suisse grabbing the headlines.
Eurozone manufacturing PMI falls in September
S&P Global's Eurozone manufacturing purchasing managers' index fell to 48. 5 in September from 49. 6 a month earlier, according to preliminary estimates.
Confidence slumps as UK consumers 'buckle' under cost of living crisis
Consumer confidence has tumbled to fresh lows, a closely-watched survey showed on Friday, as the cost of living crisis continues to weigh heavily.
Week ahead: BoE, Fed and BoJ in the spotlight
All eyes over the coming week will be on the world's central banks, the Bank of England foremost among them.
London midday: Stocks mixed as pound revisits 'Black Wednesday' lows
Stocks were trading mixed alongside a drop in the pound to its lowest level in 30 years on 'Black Wednesday', when the UK crashed out of the European Exchange Rate Mechanism on 16 September 1992.
BofA expects new lows in stock market, tells clients to mind the 15 November
Equity strategists at BofA Securities told clients to expect new lows in the stock market as US Treasury note yields continue to move higher.
FedEx withdraws guidance, takes Royal Mail down with it
Royal Mail shares were hammered by the negative read-across in markets from US peer FedEx's decision to withdraw its full-year guidance after Thursday's close.
London open: Stocks dip as World Bank warns on risks to global GDP
Stocks traded lower as the World Bank warned of the risks to global growth should central banks keep raising interest rates past what was already factored in by financial markets.
London pre-open: Stocks set for lower start, Fed policy in focus
Stocks were set for a slightly lower start at the end of the week with investors' focus on the recent move higher in US government bond yields and the associated risks for economic growth.
German government considers stake in gas importer VNG
Germany’s government is mulling the possibility of buying a chunk of a second large natural gas importer, it was reported on Thursday, as the energy crisis continued to worsen across Europe.
Google loses appeal against mammoth EC antitrust fine
Alphabet’s main operating subsidiary Google has lost its appeal against the European Commission’s biggest-ever antitrust fine, it emerged on Wednesday, with the bulk of the penalty being upheld.
Ireland drags on already-weak eurozone industrial output
Industrial output in the eurozone fell more than expected in July, as a plunge in Ireland dragged on broader weakness across the common currency area.
Inditex H1 sales rise, temporarily increases production
Fashion retailer Inditex said on Wednesday that profits and sales had surged in the six months ended 31 July as it revealed it had decided to up manufacturing in order to battle potential supply chain issues over the next six months.
Europe close: Stocks knocked off their perch by hotter-than-expected US CPI reading
European shares were knocked off their perch by a hotter-than-expected reading for US consumer prices in August, falling energy prices notwithstanding.