Tesco reported a 1.9 percent rise in like-for-like sales in its home market for the Christmas period, falling short of market forecasts after strong growth in fresh food was offset by lower demand for general merchandise. Analysts had forecast a rise of 2.4-3.2 percent in the six weeks to Jan. 6 at Britain’s biggest retailer. […]
Read moreEuropean markets are set to open slightly higher Thursday morning, as investors await the release of corporate earnings and economic data. The FTSE 100 is expected to start 13 points higher at 7,748; while the German DAX is seen up by 24 points at 13,295 and the CAC 40 is set to open 5 points […]
Read moreFrench police say that five thieves, some of them armed, have entered the luxury Ritz Hotel in Paris and stolen goods, likely jewels, worth “an important sum.” The French TV station BFM said that 4.7 million euros ($5.64 million) worth of jewels have been taken. A police official says that no one was injured in […]
Read moreHomeowners are racking up record amounts of home equity, thanks to fast-rising values in today’s competitive housing market. No surprise, more people are now starting to tap that cash. What are they spending it on? Mostly making their homes even more valuable. Renovation spending is soaring, and 80 percent of borrowers taking out home equity […]
Read moreGlobal investors should not be put off by current equity market valuations and now is not the time to “de-risk” portfolios, according to one global market strategist. “Despite the strong rally, valuations have not changed much since the start of 2017 in Europe, U.K. and Japan, as earnings have grown strongly,” Mike Bell, global market […]
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INVESTORS are dragging their attention away from the stockmarket for a moment to figure out what is going on in the other main part of their portfolios: government bonds. Yields have been rising so far this year and Bill Gross, one of the sector’s gurus, has said the long bull market (which dates back to […]
Read moreCurrency, United States Finance
Macron's China visit points to Beijing's shifting relationship with Europe
As French President Emmanuel Macron wrapped up his first official visit to China, there are signs that Beijing’s relationship with Europe is shifting. The French politician’s first official visit to China is notable for coming as other leaders of the Western world struggle domestically. In fact, Macron appeared as “perhaps the leader of Europe at […]
Read moreCurrency, United States Finance
European markets seen mixed ahead of earnings; oil hits three-year highs
European equities are set for a mixed open Wednesday morning as investors watch out for corporate earnings and fresh data. The FTSE 100 is set to start up by 0.1 points at 7,724; the DAX is expected to open down by 6 points at 13,378 and the CAC 40 is seen up by 2.4 points […]
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THEY are not extinct, nor even on the endangered-species list. But company analysts, once among the most prestigious professionals in the stockmarket, are being culled. New European rules, with the catchy name of MiFID2, have just dealt analysts another blow. A study by Greenwich Associates estimates that the research budget may drop by 20% this […]
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IN OCTOBER 2003, the age of supersonic passenger travel came to an inauspicious end. That month British Airways withdrew from service its last Concorde jet, a Franco-British aircraft from the 1970s that could fly at twice the speed of sound. Since the 1940s executives in the aerospace industry had predicted that the future of passenger […]
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