Stokes 600

European shares slide as BoE support fades; Stoxx 600 down 1.6%

Economic sentiment in the eurozone continues to deteriorate The European Commission’s economic confidence index, which compiles surveys of business and consumer confidence, fell to 93.7 in September from 97.3 in August, the lowest level since November 2020. Confidence slumped across economic sectors amid a broad increase in inflation expectations, despite the European Central Bank’s commitment …

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European shares slide as BoE support fades; Stoxx 600 down 1.7%

Stocks on the go: Rational up 12%, Barratt Developments down 9% Shares of Rational jumped more than 12% in early trading to top the Stoxx 600 list after the German stove and oven maker raised its sales revenue and profit forecast for 2022. At the bottom of the European index, British property developer Barratt Developments …

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European markets are falling as global stocks fall; The Bank of England intervenes in the bond market

Stock action: thyssenkrupp down 11%, wisdom up 8% Shares of German multinational ThyssenKrupp fell 11% by mid-afternoon after JPMorgan re-covered the stock with an “underweight” rating. At the top of the European index, British drugmaker Wisdom Pharmaceuticals had jumped more than 8% by mid-afternoon. – Elliot Smith The British pound fell after the Bank of …

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European markets advance after a volatile start to the week

An analyst says the UK is in a pandemic-style easing phase, without pandemic-style monetary policy Market players may underestimate how an oversupply of British bonds will affect them, according to Imogen Bachra, head of UK price strategy at NatWest. “Even if the Bank of England did not sell its business back to the market, the …

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European markets are falling as investors digest more interest rate hikes

The Swiss franc weakened significantly against the dollar, the euro and the pound after the interest rate hike The Swiss franc weakened significantly against the US dollar, the euro and the British pound after the central bank’s decision to raise interest rates by 75 basis points to 0.5%. At 9:30 AM London time, the dollar …

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