Morning Bid: Markets feel familiar frustration with Beijing
A look at the day ahead in European and global markets from Wayne Cole. It’s been a muted session in Asia with investors still nursing a grudge over China’s latest…
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European shares open higher at start of data-packed week
(Reuters) – European shares opened higher on Monday (NASDAQ:MNDY) with most sectors rising, kicking off a week packed with global economic data including inflation readings in Germany and the United…
Direct line shares up after Q3 update shows strong premium growth in key segments
Investing.com — Shares of Direct Line Group (LON:DLGD) rose on Monday (NASDAQ:MNDY) following the company’s third-quarter 2024 trading update, which reported a period of mixed progress as it navigated challenging…
Earnings growth to continue, Goldman says, but US policy risks cloud outlook
Investing.com – Earnings growth will likely be a key future driver of US equities, although possible policy shifts during the upcoming Trump administration could impact the outlook for stocks, according to…
‘Animal spirits’ set to drive S&P 500 to 6,600 by mid-2025, Evercore says
Investing.com — Evercore ISI projects the S&P 500 to hit 6,600 by mid-2025, driven by “animal spirits” ignited by the outcome of the US election. “Animal spirits” refer to how…
Moncler repeats it won’t comment on ‘unsubstantiated rumors’ about Burberry
MILAN (Reuters) – Italy’s Moncler on Monday (NASDAQ:MNDY) reiterated it would not comment “on unsubstantiated rumors”, when asked about a Daily Mail report about a possible takeover by the luxury…
Australia nears deal with ANZ to stop bank closures in the Pacific
By Lewis (JO:LEWJ) Jackson SYDNEY (Reuters) – Australia is in the final stages of talks with ANZ Group over a deal to maintain the bank’s branches across the Pacific, Treasurer…
ICL Israel Chemicals earnings beat by $0.03, revenue fell short of estimates
Investing.com – ICL Israel Chemicals (NYSE: ICL) reported third quarter EPS of $0.110, $0.03 better than the analyst estimate of $0.082. Revenue for the quarter came in at $1.75B versus…
UMG says Pershing does not have right to require Amsterdam delisting
(Reuters) -Universal Music Group (UMG (AS:UMG)) said on Saturday that billionaire Bill Ackman’s Pershing Square has no right to require the record label to become a U.S.-domiciled company or delist…
M&A deal activity has accelerated in 2024
Investing.com — Merger and acquisition (M&A) activity in 2024 has surged after a prolonged slump, marking a substantial recovery following a period of low momentum in 2022 and 2023. Analysts…