MARKET PULSE - EUROPE
23 Jun
Capital Economics sees limited upside for FTSE 100 in 2017 (and next)
Britain, UK flag

The UK economy's performance will continue to exceed forecasts but multiple headwinds will just about brake any further gains in the FTSE 100 in 2017, analysts at one of the City's top research shops said.

Read full story
23 Jun
Week ahead: Heavy flow of data expected in all geographies
cbbancodejapon1

A steady flow of economic data in almost all the main geographical regions will keep investors on their toes over the coming week.

Read full story
23 Jun
Europe midday: Stocks at session lows after PMI data
500 euros

Stocks were near their worst levels of the session, following a weaker-than-expected reading on the state of the euro area manufacturing and services sectors, although analysts were sanguine.

Read full story
23 Jun
European Wealth Group posts sharp increase in FuM, to raise cash
money london stock exchange data borse

European Wealth Group reported a large increase in funds under management last year thanks to organic growth, even as it announced a capital raise.

Read full story
23 Jun
IHS Markit euro area composite PMI weakens in June
0cb796

A key barometre of the euro area economy retreated, weighed down by weakness in services sector activity.

Read full story
22 Jun
Sector movers: Diageo weighs on Beverages after costly takeover of Casamigos
tequila notimex

Pharma and Industrial engineering shares are at the top of the leaderboard amid supportive news-flow and broker commentary.

Read full story
22 Jun
Europe midday: Oil shares slip towards seven-month low
Oil rig in Algeria, oil & gas, energy

European markets were holding lower, with investors pushing Oil&Gas shares to near seven-month lows, albeit against a backdrop of positive economic data and heavy news-flow news regarding continued deal-making in the corporate space.

Read full story
22 Jun
Goldman positive on StanChart but stays at sell on Barclays and Lloyds
barclays-devant-la-justice-britannique-dans-l-affaire-libor

Goldman Sachs stuck to a 'buy' recommendation on StanChart and 'sell' on Lloyds and Barclays after adjusting its earnings estimates for the sector to reflect recent market developments and ahead of the release of the Financial Policy Committee's Financial Stability Report on 27 June.

Read full story
22 Jun
Ultra Electronics meaningfully undervalued, Investec says
ultra electronics

Analysts at Investec reiterated their recommendation on Ultra Electronics, telling clients the shares were "meaningfully" undervalued with momentum in the company's orders set to continue.

Read full story
21 Jun
Hike in Bank Rate might be prudent in second half, BoE's Haldane says
boe bank of england mpc city committee monetary policy

The Bank of England's chef economist signaled he too might soon shift his stance in favour of a hike in Bank Rate.

Read full story
21 Jun
Barclays hails Oxford Instruments's increased focus, ups target
oxford instruments

Analysts at Barclays revised their target price for Oxford Instruments's shares higher, hailing recent moves on its portfolio of businesses and balance sheet.

Read full story
21 Jun
Europe midday: Oil prices, French politics in focus
arc de triomphe champs elysees paris france europe

Stocks were coming off their lows of the session heading into the opening bell on Wall Street, with investors continuing to keep a close eye on crude oil futures and a string of resignations in France's centre-right MoDem party, a key ally of President Macron.

Read full story
21 Jun
Europe open: Banks, Big Oil lead losses
banks_european_central_bank_four_150_150

Losses for Big Oil and banks were dragging European stocks lower at the start of trading.

Read full story
20 Jun
Europe close: Commodity woes knock stocks down
BHP Billiton, mining

Stocks ended at their worst levels of the session, weighed down by selling in Basic Resources and Oil & Gas names.

Read full story
20 Jun
Brent crude oil futures testing key level of technical support
BP, oil, gas

Crude oil futures' grip on a key level of technical support was being tested ahead of the release of key industry data on the state of US inventories.

Read full story
20 Jun
Investec keeps Barclays at 'buy' after SFO ruling
barclays-devant-la-justice-britannique-dans-l-affaire-libor

Analysts at Investec reiterated their 'buy' stance and target price on shares of Barclays after the Serious Fraud Office charged four former top executives for 'fraud' and the lender itself with two offences of conspiring to commit fraud and on one account of unlawful financial assistance.

Read full story
20 Jun
OPEC goal of cutting global oil inventories will remain elusive, Morgan Stanley says
opec

The Organisation of Petroleum Exporting Countries' stated aim of cutting excess global oil inventories is likely to prove elusive for some time to come, Morgan Stanley said.

Read full story
20 Jun
Europe open: Stocks push further into record territory
0cb796

Germany's Dax followed US stocks further into record territory as investors waited on a raft of US central bank speakers scheduled for later in the day.

Read full story
19 Jun
Europe close: German and French shares lead gains
cblepenmacron84

German and French stocks led European shares higher following two consecutive weeks of losses after Emmanuele Macron's En Marche won the legislative elections at the weekend.

Read full story
19 Jun
Sector movers: Miners pace gains as China eases restrictions on investment
rio tinto

An unlikely combination of miners and grocers was pacing gains at the start of the week.

Read full story