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.
-----
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:
2023, January, 25, 10:19:00
9TH INTERNATIONAL LNG CONGRESS LNGCON 2023
9th International LNG Congress (LNGCON 2023) 6-7 March, 2023
Link to the Congress website: https://bit.ly/3tXVmr7
2023, January, 25, 10:18:00
TRANSPORTATION OIL AND GAS CONGRESS 2023 (TOGC 2023)
Transportation Oil and Gas Congress 2023 (TOGC 2023) takes place on February 20-21, 2023. The Congress brings together representatives from the whole pipeline chain and focuses on both strategic and technical issues of the oil and gas pipeline transportation.
2023, January, 25, 10:15:00
U.S. POWER GRID PROBLEMS
The significant changing consumption needs and generation patterns are causing significant concerns that existing ageing infrastructure is becoming a major source of risk to power grid safety, reliability and financial exposure and in failing to deliver power on the expected 24 x 7, we need.
2023, January, 25, 10:10:00
СПГ КОНГРЕСС РОССИЯ 2023
СПГ Конгресс Россия – это международная инвестиционная площадка, где традиционно собираются лидеры индустрии. Ежегодно в мероприятии принимают участие более 250 операторов крупно-, средне- и малотоннажных СПГ-проектов, водородных проектов, правительство и технологические лидеры СПГ-индустрии.
2023, January, 25, 10:05:00
OIL AND GAS AUTOMATION AND DIGITALIZATION 2023
Event Title: Oil and Gas Automation and Digitalization 2023
Conference Date: 03 - 04 May 2023
Event Type: In-Person Event
Event Organizer: PTN Events
2023, January, 23, 12:40:53
OIL PRICE: BRENT BELOW $88, WTI BELOW $82
Brent was down 11 cents, or 0.1%, to $87.52, WTI fell 8 cents, or 0.1%, to $81.56 a barrel.
2023, January, 23, 12:35:00
EUROPEAN GAS PRICES UPDOWN
Dutch front-month futures, were 0.2% lower at €66.80 a megawatt-hour by 8:58 a.m. in Amsterdam, after rising as much as 3.1% earlier.