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August 2, 2021

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Euro zone growth rebounds, inflation tops ECB target

Reuters
Q2 GDP +2.0 pct on quarter, vs consensus of +1.5% Euro zone economy still below pre-pandemic level Economists see similar growth rate for Q3 July inflation 2.2% vs average expectation of 2.0% BRUSSELS, July 30 (Reuters) – The euro zone economy grew faster than expected in the second quarter, pulling......

Asian shares down, set for worst month since March 2020

Reuters
MSCI Asia ex-Japan -0.84%; Nikkei down 1.71% Investors still ‘rattled’ by China regulatory measures -portfolio manager Dollar set for worst week since May U.S. stock futures down after Amazon earnings SHANGHAI, July 30 (Reuters) – Asian shares slipped on Friday, with a gauge of regional equities set for its biggest......

Rent controls are becoming a highly divisive issue in Europe

CNBC
CNBC – For more and to sign up click here In front of the criminal court in Moabit, supporters of a left-wing housing project in Köpenicker Straße protest against its eviction. A woman holds a sign with the English inscription “A roof or your head a basic human right”. picture......

England scraps quarantine for fully vaccinated EU, U.S. visitors

Reuters
No quarantine for vaccinated EU, U.S. visitors from Aug. 2 UK PM says he wants U.S. travellers to come “freely” BA, easyJet shares rise 3-5% Restrictions still in place for France, upsetting French LONDON, July 28 (Reuters) – England will allow fully vaccinated visitors from the European Union and United......

International investor concerns mount over China’s tech rout

Reuters
Chinese Yuan banknotes are seen in this illustration taken February 10, 2020. REUTERS/Dado Ruvic/Illustration/File Photo LONDON, July 27 (Reuters) – International investors were feeling bruised and uncertain on Tuesday as a third day of heavy selling hammered China’s top tech stocks and began to seep into currency and debt markets.......

U.S. will not lift travel restrictions, citing Delta variant -White House

Reuters
WASHINGTON, July 26 (Reuters) – The United States will not lift any existing travel restrictions “at this point” due to concerns over the highly transmissible COVID-19 Delta variant and the rising number of U.S. coronavirus cases, the White House confirmed on Monday. The decision, which was first reported by Reuters,......

Stocks hit by China clampdown ahead of earnings-packed week

Reuters
European shares fall, Asian stocks at 2021 lows Bitcoin jumps on short covering, Amazon speculation Govt bond yields post sizeable drop Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn Graphic: World FX rates http://tmsnrt.rs/2egbfVh LONDON, July 26 (Reuters) – Stock markets fell on Monday as concerns over tighter regulations in China mounted amid......

With $4 billion in losses, Heathrow tells UK: open up travel

Reuters
LONDON, July 26 (Reuters) – London’s Heathrow Airport urged Britain on Monday to open up travel to vaccinated passengers after its recovery fell behind Europe, pushing its cumulative pandemic losses to $4 billion. Heathrow, which before the pandemic was the busiest airport in Europe, said that fewer than four million......

Chipmaker TSMC says too early to say on Germany expansion

Reuters
The logo of Taiwan Semiconductor Manufacturing Co (TSMC) is pictured at its headquarters, in Hsinchu, Taiwan, Jan. 19, 2021. REUTERS/Ann Wang TAIPEI, July 26 (Reuters) – Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (2330.TW) said on Monday that it was too early to say whether it will build factories in Germany......

Cars, pavements washed away as Belgian town hit by worst floods in decades

Reuters
BRUSSELS, July 25 (Reuters) – The southern Belgian town of Dinant was hit by the heaviest floods in decades on Saturday after a two-hour thunderstorm turned streets into torrential streams that washed away cars and pavements but did not kill anyone. Dinant was spared the deadly floods 10 days ago......

Migrant boat carrying 45 people sinks south of Turkey – ministry

Reuters
ISTANBUL, July 23 (Reuters) – A migrant boat carrying 45 people has sunk to the south of Turkey, and Turkish naval ships and an aircraft are carrying out search and rescue operations, the defence ministry said on Friday. Ministry officials said those on board the vessel were migrants. The ministry......

Farming and solar power set to combine in Netherlands-based pilot project 

CNBC
CNBC – For more and to sign up click here Drazen_ | E+ | Getty Images Swedish energy firm Vattenfall has been given a permit to build a project in the Netherlands that plans to combine solar power with farming, in the latest example of how renewables and agriculture can......

Investors eye COVID-19 spread, Golden Cross to gauge U.S. dollar trajectory

Reuters
A U.S. dollar note is seen in front of a stock graph in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration July 23 (Reuters) – A rally in the U.S. dollar has investors looking at a broad range of factors — from global COVID-19 infections to yield gaps — to......

ECB pledges low rates for longer, warns about Delta variant

Reuters
First policy meeting since ECB’s strategy review ECB promises more prolonged stimulus Lagarde warns about Delta variant FRANKFURT, July 22 (Reuters) – The European Central Bank pledged on Thursday to keep interest rates at record lows for even longer to boost sluggish inflation and warned that the Delta variant of......

U.S. dollar slips as risk sentiment picks up, but keeps positive outlook

Reuters
Risk appetite rises with stocks up, U.S Treasuries selling off Analysts expect the dollar to rise in near term Euro rises ahead of ECB meeting on Thursdy NEW YORK, July 21 (Reuters) – The safe-haven dollar on Wednesday pulled back from more than three-month highs as risk appetite made a......

UK demands new post-Brexit deal on Northern Ireland from EU

Reuters
UK wants significant changes to post-Brexit settlement UK says it considered unilaterally deviating from deal EU has repeatedly refused to reopen treaty LONDON, July 21 (Reuters) – Britain on Wednesday demanded a new deal from the European Union to govern post-Brexit trade with Northern Ireland, saying it already had cause......

Central banks, wealth funds going greener and more activist -survey

Reuters
Sovereign asset managers, cbanks accelerating towards ESG More activism on show to drive change Survey comes as likes of ECB, BOJ, BOE raise climate focus LONDON, July 21 (Reuters) – The COVID-19 pandemic is accelerating a shift by central banks and sovereign wealth and public pension funds to greener and......

EU to tighten rules on cryptoasset transfers

Reuters
July 20 (Reuters) – Companies that transfer bitcoin or other cryptoassets must collect details of senders and recipients to help authorities crack down on dirty money, EU policymakers proposed on Tuesday in the latest efforts to tighten regulation of the sector. The law proposed by the European Commission, the EU......

Cyprus talks can resume only on two-state basis, Erdogan says

Reuters
Turkish Cypriots mark anniversary of 1974 Turkish invasion Invasion after Greek Cypriot coup cemented island’s division Erdogan urges international recognition of Turkish Cypriots Turkish Cypriots announce plan to resettle part of Varosha NICOSIA, July 20 (Reuters) – Turkish President Tayyip Erdogan said on Tuesday peace talks on the future of......

Running low on battery power: Brexit Britain faces an acid test

Reuters
Britain needs new battery plants as EU races ahead Stakes high as UK seeks to keep access to EU market EU content rules for UK cars toughen up from 2027 Industry experts say Britain lacks joined-up strategy LONDON, July 20 (Reuters) – Britain has set a fast pace in the......

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