Markets

BlackRock says European stocks will beat their US peers going forward due to superior virus response

BlackRock upgraded European equities to “overweight” from “underweight” in its mid-year outlook, citing the region’s strong policy and public health response to the coronavirus pandemic. The firm also downgraded US stocks to “neutral” from “overweight,” as surging coronavirus case counts and fading stimulus measures pose a risk to the market’s […]
BlackRock says European stocks will beat their US peers going forward due to superior virus response
Markets

Renault shares are tanking after Fiat Chrysler scrapped their mega-merger

Renault shares plunged 8% on Thursday morning after Fiat Chrysler pulled its offer for the French carmaker. French government officials on Renault’s board postponed making a decision on Wednesday. Renault wanted more time to secure the support of long-time rival Nissan. “It has become clear that the political conditions in […]
Renault shares are tanking after Fiat Chrysler scrapped their mega-merger
Markets

New year, new bloodbath: Stocks plunge after weak data from China

US index futures were tumbling early Wednesday, following global stocks lower after manufacturing data out of China signalled a slowdown. The S&P 500 fell 6.2% in 2018, booking its worst year since the financial crisis and worst December since the Great Depression. Read more at Markets Insider. US stocks look […]
New year, new bloodbath: Stocks plunge after weak data from China
Markets

Global stocks drop after Trump trade-war jitters spark US bloodbath

Asian markets tumbled Wednesday after President Donald Trump reignited trade-war tensions. His tweet Tuesday calling himself “Tariff Man” preceded a bloodbath in US stock markets. He later threatened “major tariffs” against China. Trader sentiment has dragged as fears about global growth and the US economy resurfaced. European equities took a […]
Global stocks drop after Trump trade-war jitters spark US bloodbath
Markets

European stocks could be surprise winner if Democrats end up winning the House

Tuesday’s midterm elections could see the Democrats take control of the House of Representatives. That could, according to some analysts, be a major boost for Europe’s automakers and miners, vicitims of Trump’s China trade policies. That’s because a Democratic house might stifle some of President Trump’s more extreme policies, particularly […]
European stocks could be surprise winner if Democrats end up winning the House
Markets

The world’s largest hedge fund is betting big against Europe

Ray Dalio’s Bridgewater Associates has upped its bet against European stocks to $US22 billion. The world’s largest hedge fund has short positions on some of the continent’s largest and most recognisable companies, including Adidas,Deutsche Bank and Daimler. Bridgewater Associates, the world’s largest hedge fund founded by billionaire Ray Dalio, has […]
The world’s largest hedge fund is betting big against Europe
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