European stocks couldn’t hold early gains on Thursday, as traders waited for the latest U.S. jobs data as well as a Bank of England decision.“We believe higher-than-expected inflation, if not exactly overheating, remains one of the key risks for equity markets in the near term,” said Daniel Morris, chief market strategist at BNP Paribas Asset Management. “This Friday’s data on U.S. nonfarm payrolls should be a good indicator of how meaningful the overheating risk is becoming.
In the U.K., the question is whether the Bank of England will join the Bank of Canada in reducing the rate of its bond purchases, from the current weekly pace of £4.4 billion. The U.K. also is holding elections, the most important to financial markets being the Scottish Parliament race, which could see pro-independence parties winning.
Satellite operator SES SES, +7.39% climbed 7%, after reporting a 42% rise in adjusted profit in the first quarter, as lower recurring operating expenses, lower depreciation and amortization expenses, and lower net interest expense offset a 9% drop in revenue. SES also announced a €100 million stock buyback.
Good morning ☀️
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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European markets set to plunge at open, following global stocks lowerEuropean stocks are expected to open sharply lower on Wednesday, following a global dip in stocks. As I said before, the US is already at FULL employment. People are either hired/paid by employers to work or hired/paid by government to stay at home. Few understand this. Bitcoin down, global markets down, US futures down. The bad news is there are only 3m shares of $RIOT available to short.
Source: CNBC - 🏆 12. / 72 Read more »
European markets head for choppy open; earnings, U.S. inflation in focusEuropean stocks are expected to open largely flat to lower on Wednesday as global markets gear up for the latest reading of U.S. inflation. 1/8 Solar & Wind are 0 emissions? Each 1 MW of solar farm power requires between 35 to 45 tons of steel, + you need to dig for cadmium, gallium, germanium, etc Make silicon Silicon metal is made from the reaction of silica (SiO2) -
Source: CNBC - 🏆 12. / 72 Read more »
The stock market continues to keep sellers at bay, offering few reasons to fight the tapeA disappointing jobs report leading to an S&P 500 record is a fitting turn for a market whose defining feature right now is a dearth of determined sellers. Pro thanks for this news
Source: CNBC - 🏆 12. / 72 Read more »
European stocks and U.S. equity futures mixed after records, with commodity stocks in the leadThe week was kicking off with gains for the Stoxx Europe 600, which was aiming at a fresh record, though slightly more cautious. U.S. futures were mixed,...
Source: MarketWatch - 🏆 3. / 97 Read more »