July 22, 2024

Brighton Journal

Complete News World

European markets open to close: Treasury yields, Ubisoft shares

European markets open to close: Treasury yields, Ubisoft shares

15 minutes ago

UK manufacturing output fell sharply

British manufacturing output fell by the most since September 2020 in the three months to August, according to a survey by the Confederation of British Industry.

Its benchmark fell to -19 from +3, with the automotive industry and mechanical engineering among the worst performers.

Meanwhile, total orders were “below normal” in August.

“With production volumes shrinking at the fastest pace since the Covid-19 pandemic and order books deteriorating, this survey makes for a grim read,” said CBI economist Martin Sartorius.

“However, easing price pressures will bring some relief to many manufacturing companies and the economy in general.”

– Jenny Reed

2 hours ago

Strategist says Brazil and India are lukewarm about BRICS expansion

Timothy Ash, senior emerging markets sovereign strategist at Bluebay Asset Management, discusses Chinese tensions and says the two countries “don’t want to isolate and anger the West around the BRICS.”

2 hours ago

The UBS CIO says a “soft” landing is still possible for the US, but there are many problems

Mark Hefell, chief investment officer at UBS Global Wealth Management, discusses the outlook for the US economy.

4 hours ago

European stocks open higher

European stock markets opened higher before extending gains in early trade, with the Stoxx 600 up 0.9% at 9:07 AM GMT.

All sectors posted gains and technology stocks rose 2%, after upbeat sessions in the US and Asia-Pacific markets.

see chart…

Stoxx 600 index.

4 hours ago

Shares of Ubisoft soared as the company approached Microsoft’s new Activision offering

French game maker Ubisoft Entertainment rose 6.6% at 8:32 AM GMT, after Microsoft unexpectedly presented UK regulators with a new deal to acquire Activision Blizzard.

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Under the restructured deal, Microsoft will not acquire the cloud rights to existing Activision hardware and consoles, or to new games released by Activision over the next 15 years. Instead, the rights will be transferred to Ubisoft prior to any acquisition.

UK authorities have rejected Microsoft’s initial bid to buy gaming giant Call of Duty. A decision on the new deal is scheduled for October 18.

Read the full story here.

see chart…

Ubisoft stock price.

Jenny Reed, Arjun Karpal

5 hours ago

Gas strike talks in Australia: Discussions with the workforce have been constructive, says Woodside Energy

Woodside Energy CEO Meg O’Neill discusses Australian unions’ plan to hit gas rigs and says the company is optimistic about its ability to avoid significant industry action, adding “but again, at the end of the day” it would be unions calling if they wanted to use some of those levers. available to them.”

5 hours ago

European stocks: below are the opening calls

European stock markets are set to open higher on Tuesday, according to data from IG.

The FTSE 100 rose 19.5 points at 7278, the German DAX rose 86.6 points at 15683, and the French CAC40 rose 39 points at 7236.

10 hours ago

SoftBank shares rose after Arm files for listing

21 hours ago

The 10-year Treasury yield is at its highest level since 2007

US Treasury yields advanced on Monday as investors remain concerned that interest rates may remain higher for longer than expected. The yield on the 10-year Treasury note rose more than 9 basis points at 4.34%, trading near levels last seen in 2007.

– Piya Singh

12 hours ago

CNBC Pro: UBS names stocks to pull Stoxx Europe 600 down 10% this year

UBS has identified stocks at risk of dragging one of Europe’s largest stock indexes down 10% by the end of this year.

The Swiss investment bank said 2023’s best performers, such as chip stocks and luxury goods makers, are at risk of significant declines by the end of the year.

CNBC Pro subscribers can read more here.

– Ganesh Rao

16 hours ago

Powell is likely to focus on short-term monetary policy in Wyoming, says the Allianz economist

Federal Reserve Chairman Jerome Powell may not focus on what’s best for him in his remarks from Jackson Hole, Wyoming, later this week, according to Mohamed El-Erian, Allianz’ chief economic adviser.

“It’s more likely that he will probably talk about short-term monetary policy issues,” El-Erian said on CNBC’s “Squawk on the Street.” “I don’t think that’s the best thing to do, because it’s a very delicate situation right now.”

However, El-Erian said that the head of the central bank can be helped given the “target-rich environment,” adding that there is “a lot” he can talk about.

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– Alex Haring