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, June, 25, 12:24:00
HYDROGEN RUSSIA AND CIS, Moscow, 20-21 October 2021
International Conference and Exhibition ‘Hydrogen Russia and CIS’ brings together more than 200 senior executives of hydrogen production plants from Russia and the CIS
2021, June, 25, 12:23:00
ПЕРСПЕКТИВЫ РАЗВИТИЯ И МОДЕРНИЗАЦИЯ УГОЛЬНЫХ ПРЕДПРИЯТИЙ РОССИИ
Восток Капитал приглашает Вас принять участие в бесплатном вебинаре в рамках подготовки к международной конференции и выставке «Уголь Россия и СНГ» на тему: «Перспективы развития и модернизация угольных предприятий России», который состоится 16 июля, 13:00 (МСК).
2021, June, 25, 12:20:00
U.S. COAL PRODUCTION UPDOWN
Through 24 weeks, US output was approximately 279 million st, up 8.9% compared with the year-ago period. It is annualized to be 581 million st for the year, up 8.7% from the previous year.
2021, June, 24, 12:20:00
OIL PRICE: NOT ABOVE $76 ANEW
Brent rose 30 cents, or 0.4%, to $75.49 a barrel, WTI climbed 31 cents, or 0.4%, to $73.39 a barrel.
2021, June, 24, 12:15:00
U.S. LNG DEMAND UP
Wide spreads between the price of LNG in end-user markets in Asia and Europe and feedgas prices based on the US Henry Hub have been incentivizing robust export activity from the US Gulf and Atlantic coasts.
2021, June, 24, 12:10:00
CHINA NEED COAL
A conservative estimate would be for coal consumption of around one billion metric tonnes in 2050, still contributing 10%-15% of China's total energy consumption
2021, June, 24, 12:05:00
CHINA COAL PRICES UP
The most-traded coking coal futures contract on the Dalian Commodity Exchange , for September delivery, ended at 2,037 yuan ($314.24) per tonne.