ECB meeting, Russia-Ukraine on the agenda

LONDON — European stocks were cautious on Thursday morning as investors awaited the European Central Bank’s latest policy decision and tracked developments in Ukraine. The pan-European Stoxx 600 nudged 0.2% higher in early trade, with travel and leisure stocks gaining 1.4% while telecoms dropped 0.9%. In terms of individual share price movement, Hungary’s Wizz Air … Read more

FTSE 100 Live 13 April: UK inflation above expectations at 7%, Bank of England interest rates pressure

1649846507 Workspace takeover of McKay Securities clear as rival bidder walks away Real estate investment fund McKay Securities is to forge ahead with a sale to office provider Workspace after Slate Asset Management dropped out of the bidding. Directors today reiterated that they unanimously back Workspace’s £272 million offer after the Canadian money manager said … Read more

Extinction Rebellion protests force Lloyd’s of London staff to work from home

Ggood morning. There’s yet another reminder of the cost-of-living crisis this morning, with the latest ONS figures showing wage growth is lagging well behind surging inflation. While average earnings excluding bonuses rose 4.1pc in February from a year ago, when adjusted for prices they dropped 1.3pc – the biggest fall since 2013. There were also … Read more

Russian Railways crashes into default as sanctions hammer Moscow

Ggood morning. The World Bank has issued dire forecasts for both Ukraine and Russia this year as a result of the war, warning the outlook could get even bleaker if the conflict drags on. Ukraine’s economy will collapse by 45.1pc this year, the bank predicted, far worse than the 10pc to 35pc downturn the IMF … Read more

Investors watch inflation, monetary policy

LONDON — European markets pulled back slightly on Monday to begin a week of key central bank meetings and US inflation prints. The pan-European Stoxx 600 was down 0.2% around an hour into trading, having earlier slid more than 0.7%. Tech stocks slide 1.3% to lead losses while banks jumped 1.2%. Societe Generale led the … Read more

End of volatile week with Fed plans, Russia in focus

LONDON — European markets advanced on Friday to end a volatile trading week as investors assess the pace of the Federal Reserve’s monetary tightening plans and news from Ukraine. The pan-European Stoxx 600 index jumped 1.1% in early trade, with autos adding 1.7% to lead gains as all sectors and major Bourses entered positive territory. … Read more

European markets set for cautious open on hawkish Fed, Russia sanctions

LONDON — European markets are set to pull back slightly on Thursday as the US Federal Reserve’s monetary tightening plans and the ongoing war in Ukraine continues to guide sentiment. Britain’s FTSE 100 is seen around 17 points lower at 7,571, Germany’s DAX is expected to drop around 43 points to 14,109 and France’s CAC … Read more