LEADERSHIP WIDENS AS SMIDS OUTPACE THE S&P 500Brian Belski, founder, CEO and chief investment officer at Humilis Investment Strategies, has been calling for market leadership to broaden beyond the mega-cap names that have dominated in recent years—and he thinks that shift is already underway.His ar…
THE TIDE IS CHURNING: JOLTS, CONSUMER CONFIDENCE, HOME PRICES, CHICAGO PMITuesday offered investors a four-course meal of economic indicators, with sweet, salty, and sour items on the menu.The Labor Department's Job Openings and Labor Turnover Survey (JOLTS) (USJOLT=ECI) is a metric that follows la…
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks were moving higher on Tuesday as technology stocks rebounded amid renewed optimism surrounding AI.Meanwhile, with oil prices moving back to pre-war levels, markets remain hopeful that the European Central Bank (ECB) will not raise interest rates…
By Johann M Cherian and Tharuniyaa LakshmiEuropean shares opened higher on Tuesday and were on track for their biggest quarterly rise in more than five years, boosted by optimism around artificial intelligence and signs of easing tensions in the Middle East.The pan-European STOXX 600 index TVC:SXXP…
Abivax's data for its experimental ulcerative colitis treatment shows improved safety and better efficacy and should reassure investors, Stifel analysts write. Negative side effects in the trial were limited, with no new concerns raised. Evidence from the trial supports a favorable benefit-to-risk…
STOXX NEAR PEAKS AS AI TRADE ROLLS ONEuropean shares got off to a firmer start on Tuesday, helped by gains in miners (.SXPP) and as optimism over the AI trade drove broad gains across chip stocks.The STOXX 600 TVC:SXXP rose 0.6%, extending its quarter-to-date gain to 9.7% and putting it on track fo…
U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average were flat. Changes in futures do not necessarily predict movements after the opening bell.In Europe, the Stoxx Europe 600 gained 0.5% in morning trading. Genmab added 6% and Siemens Energy rose 4.8%. On the o…
European shares opened higher on Tuesday and were on track for their biggest quarterly gain in more than five years, boosted by optimism around artificial intelligence and signs of easing geopolitical tensions in the Middle East.The pan-European STOXX 600 index TVC:SXXP was up 0.6% at 639.77 points…
BEFORE THE BELL: EUROPE EYES BEST QUARTER SINCE 2022Europe looks set to end a strong quarter on an upbeat note, with Euro STOXX 50 VELOCITY:STOXX50 and DAX XETR:DAX futures up around 0.6-0.7%, as optimism around artificial intelligence continues to drive global equities.The region-wide STOXX 600 TV…
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - The major European markets closed marginally down on Monday as uncertainty about U.S. and Iran entering a lasting truce, and concerns about inflation and possible interest rate hikes by central banks rendered the mood cautious.The focus was also on the Sintra Fo…
ECB PRESIDENT CHRISTINE LAGARDE AT ECB CONFERENCE IN SINTRA: WE HAVE SEEN NOTHING THAT HAS CALLED INTO QUESTION OUR DECISION TO RAISE RATES
MORE ECB'S LAGARDE: ECB PROJECTION ERRORS SINCE THE START OF THE MIDDLE EAST WAR HAVE BEEN SMALL
MORE ECB'S LAGARDE: WE CAN RELY LARGELY ON INTEREST RATES TO SET POLICY; WE NO LONGER NEED TO REACH FOR 'UNCONVENTIONAL' TOOLS
MORE ECB'S LAGARDE: PRE-EMPTIVE RATE HIKES COULD OBSCURE ASSESSMENT OF HOW FAR RATES NEED TO RISE
MORE ECB'S LAGARDE: RELYING TOO HEAVILY ON STABLE LONG-TERM INFLATION EXPECTATIONS COULD DELAY NECESSARY RATE HIKES
MORE ECB'S LAGARDE: HOLDING RATES CONSTANT WOULD HAVE KEPT INFLATION ABOVE 2% IN 2027 AND 2028
EVERCORE URGES AI TILT AS FED RATE HIKE LOOMSMarkets widely expect the Federal Reserve to raise interest rates at least once this year as inflation remains above its 2% target, potentially marking the start of a tightening cycle under Chair Kevin Warsh and prompting investors to reposition portfoli…
By Jules RimmerJPMorgan and Panmure both prefer European stocks versus the U.S., but for different reasonsJPMorgan sees 5-10% upside in Eurozone stocks to year-end and Panmure expects much better returns from Europe in the next decade, compared to the U.S.Two separate investment banks had one mess…
BIG TECH’S ROUGH JUNE PUTS MAGNIFICENT SEVEN UNDER PRESSUREJune hasn’t just been volatile — it’s been a rough ride for the so‑called “Magnificent Seven” stocks.To put things in perspective, the broader S&P 500 CBOE:SPX is down about 3% so far this month. That’s not great, but it’s far better than t…
By Ian WalkerBridgepoint Group shares rose after the company said it was buying real-estate investment platform Kayne Anderson Real Estate in a deal that boosts its assets under management to $117 billion.Shares were up 29 pence, or 12%, at 261.60 pence in early afternoon European trading and leadi…
