COPPER/GOLD RATIO SHOWING SIGNS OF LIFE: CONSTRUCTIVE FOR MINERS?The copper to gold ratio is recovering from its record low in March, driven by a sharp fall in gold prices while copper has remained largely rangebound, notes Citi.The ratio currently sits at around 3.25, having fallen as low as 2.5 i…
ENERGY SET TO ANCHOR EUROPE'S Q2 EARNINGS GROWTHSecond-quarter earnings growth in Europe is set to be primarily driven by the energy sector (.SXEP), strategists at Deutsche Bank said, but estimates for non-energy growth remain in the mid-single digits.Excluding energy, Deutsche Bank estimates earni…
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks were subdued on Monday, even as technology shares gained after South Korea announced a $576 billion semiconductor and AI investment plan, backed by Samsung and SK Hynix, to strengthen its global chip leadership.The pan European Stoxx 600 was marg…
By Johann M Cherian and Tharuniyaa LakshmiEuropean shares were steady on Monday, underpinned by gains in technology stocks, while investors mulled over the durability of an interim ceasefire in the Middle East after the United States and Iran agreed to halt the latest bout of hostilities.The pan-Eu…
By Ankur Banerjee and Harry RobertsonEuropean stocks and U.S. futures ticked higher on Monday after the U.S. and Iran agreed to halt recent hostilities and renew talks, helping oil prices fall after spiking earlier on Monday in the wake of renewed attacks between the two sides.A return to diplomacy…
EUROPEAN STOCKS HOLD STEADYEuropean share indexes are mixed on Monday, with most major bourses hovering near the unchanged mark.Attention remains on the Middle East, although markets seem to be at ease with bouts of escalation for as long as traffic flows through the Strait of Hormuz.For now, the S…
European shares were steady on Monday, underpinned by gains in technology stocks, while investors mulled over the outlook of a fragile ceasefire in the Middle East after the United States and Iran agreed to halt the latest bout of hostilities.The pan-European STOXX 600 index TVC:SXXP held its groun…
J.P. Morgan raised its year-end target for European equity indexes on Monday, citing corporate earnings strength and improvements in the geopolitical climate.The Wall Street brokerage lifted the benchmark STOXX 600 index TVC:SXXP target to 680 from 630, implying an upside of about 7% from Friday's…
EUROPE BEFORE THE BELL: FUTURES INCH UPEuropean stock index futures are a touch higher on Monday morning, shrugging off renewed missile attacks in the Middle East as the U.S. and Iran agreed to halt fighting and renew talks.A lot has happened since the market closed on Friday. The U.S. and Iran tra…
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks are seen opening a tad higher on Monday as investor focus shifts to upcoming high-level U.S.-Iran talks in Qatar, the release of U.S. jobs data and the ECB's Sintra Forum, where major governors, including Fed Chair Kevin Warsh and ECB President L…
J.P. Morgan raised its year-end target for the STOXX 600 index TVC:SXXP to 680 from 630 on Monday, citing corporate earnings strength and improvements in the geopolitical climate.The new target implies an upside of about 7% from Friday's close of 635.88 points.
