MARKET PULSE - EUROPE
22 Jan
fmi sede imf
IMF improves forecasts for world growth in 2018 and 2019 to 3.9%

The IMF maintains its growth prediction for the UK in 2018 at 1. 5% but cuts its forecast for 2019 by one tenth of a percentage point, to 1. 5% as well.

22 Jan
1euro
Europe close: Periphery stocks outperform amid sovereign debt upgrades

Periphery stocks outperformed on Monday, following sovereign debt upgrades for Greece and Spain, amid news that delegates from Germany's SPD party voted to start formal talks with the CDU/CSU on creating a grand coalition in the country.

22 Jan
factory, GKN, industrial, engineer
SMEs will suffer most from Brexit, study reveals

Innovative and export oriented firms and SMEs operating in high-tech and service-related industries will be the most negatively affected by Brexit, according to research.

22 Jan
London Stock Exchange AIM LSE shares
London close: Sterling strength saps stocks

London's top flight index sagged a little as France's Prime Minister, Emmanuel Macron held out the possibility of a bespoke trading arrangement for the UK after Brexit, boosting the value of the pound, and with bookmakers under the cosh amid speculation the government is planning a £2 maximum stake on betting machines.

22 Jan
meeting, takeover, talks, bid, merger, acquisition, directors
ADM makes bid for Bunge, Glencore seen lying in wait

US grain merchant Archer Daniels Midland (ADM) has proposed a takeover of New York-based agribusiness Bunge, a move that could potentially set off a bidding war with rival Glencore.

22 Jan
goldman-sachs-pourrait-deplacer-1-000-salaries-de-londres-a-francfort
British economy strong enough to survive Brexit, says former Goldman Sachs economist

The UK was likely to fair better than many forecasts had suggested, with the benefits of global growth in the next few years said to "easily dwarf" any blows as result of it leaving the EU, according to former Goldman Sachs economist Jim O'Neill.

22 Jan
London Stock Exchange AIM LSE shares
Director dealings: Taptica boss offloads 1.65m shares

Hagai Tal, chief executive officer of AIM-listed marketing solutions firm Taptica International, sold 1. 65m ordinary shares in the company on Monday, pocketing almost £7. 5m in the process.

22 Jan
ocado,grocery
Numis expects multiple further deals from Ocado over medium-term, reiterates 'buy'

Analysts at Numis reiterated their 'buy' recommendation and 600p target price on shares of Ocado on Monday, telling clients that the grocery retailer's just announced deal with Sobeys was a "further convincing endorsement" of its platform and that it expected multiple further deals over the medium-term.

22 Jan
Grecia632x175 greece greek flag
Europe midday: Periphery stocks lead gains after debt upgrades

Periphery stocks are pacing gains following sovereign debt upgrades for Greece and Spain, amid news that delegates from Germany's SPD party voted to start formal talks with the CDU/CSU on creating a grand coalition in the country.

22 Jan
cbcapitoliowashington short
Europe open: Stocks little changed, politics in focus

Stocks are little changed at the start of trading as traders digest news of the US federal government shutdown over the weekend, as well as the decision taken by delegates from Germany's SPD party to start formal talks with the CDU/CSU on creating a grand coalition.

22 Jan
cbmacrongr
French would also vote to leave EU if asked same question as Britons, Macron says

In an interview on BBC One's The Andrew Marr Show, French president Emmanuel Macron said that, if given a similar "yes or no" opportunity, France would likely vote to leave the European Union.

22 Jan
BP service station in Tennessee, US; oil & gas; petrol
BofA-ML forecasts peak oil demand for 2030

Rapid adoption of electric vehicles will see global demand for oil peak by 2030, analysts at Bank of America-Merrill Lynch forecast.

21 Jan
europe germany map france uk britain spain
SPD delegates vote to start formal talks on 'grand coalition'

Delegates from Germany's Socialist SPD party voted on Sunday to pursue formal coalition talks with the centre-right CDU/CSU parties led by Chancellor Angela Merkel.

21 Jan
cbspaincatalu a12 short
Bonds: Gilts outperform, Fitch surprises with Spanish debt upgrade

These were the biggest movements in some of the most widely-followed 10-year sovereign bond yields: US: 2. 66% (+3bp)UK: 1. 34% (+1bp)Germany: 0. 57% (-1bp)France: 0. 84% (-1bp)Spain: 1. 44% (-5bp) Italy: 1. 96% (-3bp)Portugal: 1. 98% (-4bp)Greece: 3. 75% (+5bp)Japan: 0. 09% (+0bp) .

21 Jan
cbvenezuelapetroleo1
Commodities: IEA forecasts "explosive" growth in non-OPEC oil supplies

Energy futures came under pressure from slight profit-taking on Friday after the International Energy Agency forecast a big supply-side response to crude oil futures hovering near $70 a barrel.

19 Jan
ep consejero delegadoeasyjet
Broker tips: Halfords, Fevertree Drinks, Easyjet

Canaccord Genuity upped its stance on Halfords to 'buy' from 'hold' on Friday, lifting the price target to 436p from 370p following the company's third-quarter update a day earlier.

19 Jan
le-spd-chercherait-a-obtenir-le-portefeuille-des-finances
SPD leader warns another German election would cause party further harm

Martin Schulz, the head of Germany's Social Democratic Party, urged members of his party to endorse coalition talks with Chancellor Angela Merkel and her Christian Democratic Union in order to avoid another national election that could cause the party further damage.

19 Jan
ep aviones ryanair
Ryanair referred to HMRC over pay discrepancies

Two separate parliamentary committees have referred Ryanair to the employment and tax authorities after the low-cost carrier's "refusal to cooperate" with inquiries into staff pay and working conditions.

18 Jan
battersea power station nine elms luxury development
Sector movers: Real estate stocks picked apart brick by brick

Some of the most defensive areas of the market came under pressure on Thursday, weighed down by a mix of negative company-specific news-flow and broker commentary, against a backdrop of rising Gilt yields.

18 Jan
Evraz, steel manufacturing
Evraz reports higher steel product output

Shares in Evraz jumped after the steelmaker reported that consolidated crude steel output was at 3. 5m tonnes during the final three months of 2017, unchanged from the prior quarter.