2020-09-03 12:25:00
EUROPE'S SHARES UP
REUTERS - SEPTEMBER 3, 2020 - European shares rose on Thursday amid signs of a global economic recovery and hopes of more stimulus measures, with eyes on local service-sector and retail sales data that is likely to show sustained growth.
The pan-European STOXX 600 index rose 1%, tracking a strong session in Asia after a survey showed activity in China's service sector grew for a fourth straight month in August.
Travel and leisure stocks .SXTP led gains across Europe on hopes of a COVID-19 vaccine, while bank stocks .SX7P bounced back after three straight sessions of losses.
French drugmaker Sanofi (SASY.PA) and its British peer GSK (GSK.L) rose after they announced starting of a clinical trial for a protein-based COVID-19 vaccine candidate.
While the STOXX 600 hit a more than one-month high, it still stayed within a trading range seen since early-June. The index needs to close at least 15 points higher to break out of the range.
Data from the euro zone is expected to show service-sector growth for a second straight month across the bloc.
But activity in Spain and Italy contracted in August after the countries introduced new curbs in the wake of increased COVID-19 cases.
A separate reading is expected to show a continued uptrend in euro zone retail sales over July, after volumes were seen returning to pre-pandemic levels in June.
"Retail sales should capture the strongest part of the economic bounce-back. Consumers have emerged from the lockdown with money to spend and a desire to spend it," Paul Donovan, Chief Economist at UBS Global Wealth Management wrote in a note.
"Trade data suggests that they are spending on things, not services. Retail sales may underreport this, given structural shifts in consumption patterns."
In corporate news, Germany's Siemens Healthineers (SHLG.DE) fell 4.5% after it issued 2.73 billion euros ($3.22 billion) worth of new shares to help finance its planned takeover of U.S. peer Varian (VAR.N).
French consulting and IT services provider Capgemini (CAPP.PA) rose 2.5% after it said it expected double-digit revenue growth in 2020 driven by a gradual second-half recovery.
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Earlier:
2020, September, 1, 14:50:00
ASIA'S SHARES UP
the Shanghai Composite also recovered early losses to stand 0.1% higher
2020, August, 28, 15:30:00
S&P 500 UP ANEW
The S&P 500 and the Nasdaq are on track for their fifth consecutive week of gains
2020, August, 24, 12:40:00
GLOBAL SHARES UP ANEW
E-Mini futures for the S&P500 gained 0.4%. European markets were also set for a leg higher with futures for Euro Stoxx 50 up 0.65% while those for Germany’s DAX and London’s FTSE added 0.6% each.
2020, August, 21, 11:15:00
CHINA STOCKS UP
The blue-chip CSI300 index rose 0.9%, to 4,718.84, while the Shanghai Composite Index added 0.5% to 3,380.68.
2020, August, 19, 12:30:00
S&P 500 UP
The Dow Jones Industrial Average fell 66.84 points, or 0.24%, to 27,778.07, the S&P 500 gained 7.79 points, or 0.23%, to 3,389.78 and the Nasdaq Composite added 81.12 points, or 0.73%, to 11,210.84.
Chronicle:
2021, September, 17, 11:47:00
ENERGY TRANSITION TO CARBON NEUTRALITY AS A FACTOR OF UNPRECEDENTED ACCELERATION OF GLOBAL WARMING
The article reveals the reasons for the unprecedented acceleration of global warming, which was reported by the IPCC in the report "Climate Change 2021", offers proposals for their elimination, as well as for eliminating their consequences.
2021, September, 17, 11:45:00
NO NUCLEAR FOR SPAIN
Under Spain's nuclear phase-out policy, its nuclear fleet is scheduled to shut down by 2035.
2021, September, 17, 11:40:00
WIND ENERGY FOE CHILE 980 MW
The US$700m project, which is expected to generate 2 TWh/year, will include 140 turbines with a maximum power of 7 MW.
2021, September, 17, 11:35:00
U.S. OIL INVENTORIES DOWN BY 6.4 MB TO 417.4 MB
U.S. commercial crude oil inventories decreased by 6.4 million barrels from the previous week to 417.4 million barrels.
2021, September, 16, 14:00:00
OIL PRICE: ABOVE $75
Brent was up 11 cents, or 0.2%, to $75.57 a barrel, WTI was up 11 cents, or 0.2%, to $75.57 a barrel.
2021, September, 16, 13:50:00
EUROPEAN CLIMATE ADAPTATION
Adaptation measures include flood prevention measures and renovating buildings to make them more resilient to extreme temperature. The changes required vary across the continent, but recent events have shown that climate change poses a threat to Europe’s cities.
2021, September, 16, 13:45:00
GAS IS A KEY
Despite adaptations of new fuels and technologies to help achieve the net-zero goal, natural gas will continue to play a vital function for the foreseeable future.