Sept 7 - European shares inched higher on Thursday after a six-day losing run, with defensive healthcare and utilities in the lead, as investors grappled with the prospect of U.S. interest rates staying elevated and a sharply slowing European economy.
"Equity markets will remain under pressure in the coming months. The story in Europe is stagnation and possibly recession," said Rupert Thompson, chief economist at Kingswood Group. Interest rate futures imply investors are pricing in a 64% chance that the ECB will hold interest rates next week even as policymakers warned recently that the decision was still up in the air and a rise in rates was among options on the table.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European private loan market falters as corporate credit stress mountsDirect lending, a key but expensive source of credit for riskier European firms that banks often shy away from, is running out of steam, a fresh sign that aggressive interest rate rises may be starting to cause funding stress and exacerbate economic pain. Fundraising and deal-making have dropped sharply at European private debt funds, new data shows. The European private credit industry, which flourished after the 2008 financial crisis as capital-constrained banks cut lending, has raised 26.1 billion euros ($28.02 billion) of new investment so far in 2023, according to data provider Preqin.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
European private loan market falters as corporate credit stress mountsBy Naomi Rovnick and Chiara Elisei LONDON (Reuters) - Direct lending, a key but expensive source of credit for riskier European firms that banks often ...
Source: SaltWire Network - 🏆 45. / 63 Read more »
Stocks finish lower after two weeks of gains: Stock market news todayStocks slipped on Tuesday, as traders weighed data showing China's economy is still struggling to recover.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
US futures slip as worries about inflation revive: Stock market news todayStocks looked set for another losing day on Wall Street on Wednesday, amid concerns about inflation and faltering growth.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks slide as worries about inflation revive: Stock market news todayStocks fell on Wednesday, as rising oil prices fueled concerns about inflation and faltering global demand.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »