One year on from the start of the pandemic, the Asia Pacific region's economy is still facing multiple risks, not least from an uneven recovery among countries and the possibility that new virus strains might appear, the World Bank said.
Morgan Stanley relatively overweight European stocks, but recommends some 'profit taking' in cyclicals
Strategists at Morgan Stanley continue to favour a "relative overweight" of European equities versus other regions even though global stocks more generally were now "more accurately pricing in the positive global macro outlook. ".
Commodity-related issues were weakest on the second-tier index at the start of the week as investors continued to shy away from that segment of the stock market.
Wall Street stocks turned in a mixed performance on Monday following a fresh record close for the S&P 500 in the final session of the previous week.
Financial markets' focus on Tuesday will shift to the other side of the Channel, where preliminary readings on consumer price inflation for the month of March are due out in Germany and Spain.
European shares started the week on the front foot despite Credit Suisse and Nomura warning of significant losses after a US hedge fund client defaulted on margin calls.
Chinese officials on Monday warned foreign brands to stay out of local politics after firms including H&M and Nike raised concerns about forced labour in Xinjiang.
Johnson & Johnson has agreed to supply member states of the African Vaccine Acquisition Trust with 400m dosis of its Covid-19 jab, the company said on Monday.
The giant cargo ship that had blocked the Suez Canal for nearly a week was refloated on Monday, announced Egyptian authorities.
London stocks closed just below the waterline on Monday, as a stronger pound put the brakes on the top-flight index.
James Cropper said on Monday that chairman Mark Cropper had acquired 14,015 ordinary shares in the AIM-listed materials and paper products group.
Berenberg has upped in price target on Ceres Power on growing investor interest in fuel cell technology.
Network biology technology company e-therapeutics announced the appointment of Dr Karl Keegan as its chief financial officer in a non-board capacity with immediate effect on Monday.
Morgan Stanley upgraded its stance on shares of telecoms company BT Group on Monday to ‘overweight’ from 'equalweight' and lifted the price target to 200. 0p from 125. 0p as it argued that overhangs are easing.
Deltic Energy said on Monday that itself and its joint venture partner on licence P2252, Shell UK, had made a positive well investment decision to drill the high-impact Pensacola Prospect on the licence in the UK Southern North Sea.
Morgan Stanley upgraded its stance on shares of telecoms company BT Group on Monday to ‘overweight’ from ‘equalweight’ and lifted the price target to 200p from 125p as it argued that overhangs are easing.
Wall Street stocks were in the red at the bell on Monday, with bank stocks, in particular, under pressure in early trading.
London’s FTSE 100 was flat at 6,736. 07 in afternoon trade on Monday.
Mineral resource company Keras Resources reported progress at the Diamond Creek high-grade direct shipping ore organic phosphate mine in Utah on Monday, reporting “encouraging results” from the marketing campaign over the winter.
Strategists at JP Morgan reiterated their positive stance on equities, notwithstanding the fact that government bond yields were very likely still headed higher.
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