Eurozone Industrial Production Wanes in April to Test EUR Support
Economic data from the Eurozone disappointed today, raising more questions over the economic outlook. The EUR fell back to sub-$1.04 levels in response.
Battered sterling gets respite but set for weekly fall vs dollar
By Lucy Raitano LONDON (Reuters) – Britains pound edged up against the dollar on Friday, offering some respite from a week of selling that pushed the currency to two-year lows.
Rouble firms past 63 vs dollar in Moscow, hits fresh 5-year high vs euro
(Reuters) – The Russian rouble firmed past 63 per dollar in Moscow on Friday for the first time since early February 2020 and touched a fresh five-year high versus the euro, supported by continuing restrictions on currency trading.
Take Five: Recession talk justified？ Follow the data
A deluge of data from across major economies comes at a pivotal moment in the debate over whether central banks are jacking up interest rates into a potentially sharp global growth slowdown.
China looks to spur job prospects for record number of new graduates
BEIJING (Reuters) -China will offer subsidies, tax breaks and easier loans to boost prospects for college graduates, the cabinet said on Friday, as a record number prepare to enter the workforce this year amid downside risks to economic growth stemming from COVID-19 curbs.
Spain April final CPI 8.3% y/y vs 9.8% in March
(Reuters) – Spanish national consumer prices rose 8.3% year-on-year in April, according to data from the National Statistics Institute on Friday, compared to 9.8% in March, and a Reuters poll forecast of 8.4%.
Boss of Britains Tesco made $5.8 million in 2021-22
LONDON (Reuters) – Ken Murphy, the CEO of Tesco, Britain‘s biggest retailer, received a total pay package of 4.75 million pounds ($5.8 million) in 2021-22 and has been awarded a salary increase for the current year, the group’s annual report showed.
London stocks bounce even as slowdown, inflation woes linger
(Reuters) – UKs FTSE 100 recouped losses on Friday towards the end of a volatile week, led by a rebound in oil and banking stocks, even as investors continued to wrestle with concerns over stubborn inflation and economic slowdown.
U.S. lawmakers to travel to Europe over N.Ireland worries-Guardian
LONDON (Reuters) – A team of U.S. Congress members will travel to London and other capitals as concerns grow in Washington about the tensions caused by Britains post-Brexit stand-off with the European Union over Northern Ireland, the Guardian newspaper said.
More generation helps utility EnBWs Q1 as it cuts imports from Russia
FRANKFURT (Reuters) – EnBW, Germanys third-largest energy firm, said on Friday it nearly doubled its quarterly profit after a weak first quarter of 2021 thanks to strong performance at its generation unit as it worked to reduce its dependence on Russian energy.
Marketmind: TGIF – is it over yet？
A look at the day ahead in markets from Dhara Ranasinghe.
Analysis: South Koreas high-speed 5G mobile revolution gives way to evolution
By Byungwook Kim SEOUL (Reuters) – South Korea was the first country to launch a fifth-generation mobile network in 2019, heralding a warp-speed technological transformation to self-driving cars and smart cities.
Norway March GDP points to recovery after Q1 contraction
OSLO (Reuters) – Norways economy contracted in the first quarter amid coronavirus lockdowns, but growth resumed towards the end of the period, Statistics Norway (SSB) data showed on Friday.
Tighter monetary policy right response to inflation – UK minister
LONDON (Reuters) – Britains minister for Brexit opportunities, Jacob Rees-Mogg, said on Friday that a tighter monetary policy and constrained fiscal policy would be the right response to control inflation and help ease a cost-of-living crisis.
Care home operator Orpea skips dividend as it faces major debt repayments
(Reuters) – French care home group Orpea, which faces criminal complaints over how it runs its centres and treats its elderly residents, said on Friday it would not pay a dividend on 2021 earnings and announced a financing scheme with its lenders as it faces major
UKs Sage meets expectations with 4% first-half profit rise
LONDON (Reuters) – British software company Sage met market expectations with a 4% rise in organic operating profit for the six months to end-March on Friday and said its margin was expected to trend higher in the second half and beyond.
Analysis: Leveraged loans hit turbulence, but investors still see long-term outperformance
By Davide Barbuscia NEW YORK (Reuters) – U.S. loans have outperformed other debt instruments this year because of the protection they offer from rising interest rates, but a sharp deterioration in financial markets over the past few weeks has spilled even into this traditional safe haven.
Norwegian Air posts Q1 loss, flags fuel costs to impact recovery
OSLO (Reuters) -Norwegian Air posted a loss for the first quarter on Friday and said rising fuel costs will partly offset the positive effects of increased bookings for the summer season.
Deutsche Telekom raises guidance as Q1 core profit beats estimates
(Reuters) – German telecoms group Deutsche Telekom reported first quarter core profit just above market estimates on Friday and raised its guidance for 2022.
Analysis: Traders ready for wilder swings as rate rises stoke volatility
By Dhara Ranasinghe, Saikat Chatterjee and Davide Barbuscia