Morningstar on Nostr: European Midday Briefing: Stocks Struggle as Inflation Data Awaited ========== ...
European Midday Briefing: Stocks Struggle as Inflation Data Awaited
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European stocks moved into positive territory on Wednesday after a survey showed confidence in the eurozone economy ticked up in March. Gains for stocks were tentative as investors await inflation data from the U.S. and eurozone to determine central banks' interest-rate path. Jefferies cut its rating on BMW stock to hold from buy, citing the industry's technology transition and reduced earnings cyclicality. Stock futures gained and bond yields were little changed on Wednesday. GameStop reported fiscal fourth-quarter revenue that missed estimates. The dollar has been edging higher recently, helped by prospects of the Fed keeping interest rates high for longer. Front-end eurozone government bonds are now too cheap, with the market a little too conservative in its European Central Bank rate-cutting cycle scenario. UBS Group and Apollo Global Management agreed to take the final step in the carveout of Credit Suisse's former securitized products business. Swedish fashion retailer Hennes & Mauritz posted forecast-beating earnings. DS Smith is in talks with International Paper regarding an all-share takeover proposal. Airbus CEO Guillaume Faury said Boeing's problems were bad for the industry as a whole. Sweden's central bank held its key policy rate at 4.0% and said that rate cuts could start in May or June. New forecasts point to a return to expansion for Ireland's economy. Crude futures traded lower following reports that U.S. stockpiles rose by 9.3 million barrels. Base metals were lower, with gold trading in a narrow band. Iron ore prices fell under $105/ton this week on concerns around Chinese steel demand. UBS, Apollo completed the carveout of Credit Suisse's former securitized products business. Hennes & Mauritz posted forecast-beating earnings. DS Smith is in talks with International Paper regarding an all-share takeover proposal. Airbus CEO Guillaume Faury said Boeing's problems were bad for the industry as a whole. Sweden's central bank held its key policy rate at 4.0% and said that rate cuts could start in May or June. New forecasts point to a return to expansion for Ireland's economy.
#Stocks #InflationData #Bmw #Gamestop #Dollar #EurozoneGovernmentBonds #Ubs #Apollo #CreditSuisse #Hennes&Mauritz #DsSmith #Airbus #Riksbank #Ireland'sEconomy #CrudeFutures #BaseMetals #IronOrePrices
https://www.morningstar.com/news/dow-jones/202403273251/european-midday-briefing-stocks-struggle-as-inflation-data-awaited
==========
European stocks moved into positive territory on Wednesday after a survey showed confidence in the eurozone economy ticked up in March. Gains for stocks were tentative as investors await inflation data from the U.S. and eurozone to determine central banks' interest-rate path. Jefferies cut its rating on BMW stock to hold from buy, citing the industry's technology transition and reduced earnings cyclicality. Stock futures gained and bond yields were little changed on Wednesday. GameStop reported fiscal fourth-quarter revenue that missed estimates. The dollar has been edging higher recently, helped by prospects of the Fed keeping interest rates high for longer. Front-end eurozone government bonds are now too cheap, with the market a little too conservative in its European Central Bank rate-cutting cycle scenario. UBS Group and Apollo Global Management agreed to take the final step in the carveout of Credit Suisse's former securitized products business. Swedish fashion retailer Hennes & Mauritz posted forecast-beating earnings. DS Smith is in talks with International Paper regarding an all-share takeover proposal. Airbus CEO Guillaume Faury said Boeing's problems were bad for the industry as a whole. Sweden's central bank held its key policy rate at 4.0% and said that rate cuts could start in May or June. New forecasts point to a return to expansion for Ireland's economy. Crude futures traded lower following reports that U.S. stockpiles rose by 9.3 million barrels. Base metals were lower, with gold trading in a narrow band. Iron ore prices fell under $105/ton this week on concerns around Chinese steel demand. UBS, Apollo completed the carveout of Credit Suisse's former securitized products business. Hennes & Mauritz posted forecast-beating earnings. DS Smith is in talks with International Paper regarding an all-share takeover proposal. Airbus CEO Guillaume Faury said Boeing's problems were bad for the industry as a whole. Sweden's central bank held its key policy rate at 4.0% and said that rate cuts could start in May or June. New forecasts point to a return to expansion for Ireland's economy.
#Stocks #InflationData #Bmw #Gamestop #Dollar #EurozoneGovernmentBonds #Ubs #Apollo #CreditSuisse #Hennes&Mauritz #DsSmith #Airbus #Riksbank #Ireland'sEconomy #CrudeFutures #BaseMetals #IronOrePrices
https://www.morningstar.com/news/dow-jones/202403273251/european-midday-briefing-stocks-struggle-as-inflation-data-awaited