The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRDSA.L Share News (RDSA)

  • There is currently no data for RDSA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

MORNING BID-Turning points

Tue, 30th Jun 2020 08:51

(A look at the day ahead from chief emerging markets
correspondent Karin Strohecker. The views expressed are her own)

LONDON, June 30 (Reuters) - The end of H1, the end of a
quarter, the end of a month - all of them pretty extraordinary
with plenty of milestones and records, providing investors with
lots to chew over as they prepare to see whether the second half
of the year can bring a return to some form of ordinary.

Global stocks - up around 18% this quarter - look determined
to put in a sprint finish with Europe following Asia higher
though U.S. stock futures signal declines on Wall Street later.

Safe-haven bond yields are coming down a touch, the dollar
is holding firm, oil prices are slipping on demand woes and gold
is flirting with an eight-year high as markets take note of what
is going on in the world outside.

And there is plenty to choose from.

China's parliament passed the national security legislation
for Hong Kong, setting the stage for the most radical changes to
the former British colony's way of life since it returned to
Chinese rule 23 years ago and pushing Beijing further along a
collision course with the U.S. and other Western governments.

U.S. Federal Reserve Chairman Jerome Powell, in a glimpse of
prepared remarks for a key congressional testimony later, warned
the outlook for the world's largest economy is "extraordinarily
uncertain" and much depended on bringing the coronavirus under
control, signalling more monetary stimulus may be necessary.

Infection numbers make for grim reading in the United
States. California and Texas both marked record spikes in new
COVID-19 cases while Los Angeles reported an "alarming" one-day
surge in America's second-largest city that put it over 100,000
cases.

German Chancellor Angela Merkel renewed her push for the
bloc's COVID-19 rescue fund and held out hope fellow EU member
states will overcome differences at the July summit.

Data from China gives some reason for cheer with factory
activity expanding at a stronger pace than expected in June,
though the breakdown also shows export orders and jobs continue
to contract. Meanwhile Japan industrial production fell for a
fourth straight month in May as the economy slumps deeper into
recession.

UK data shows Britain's economy shrank by the most since
1979 between January and March as households slashed their
spending. This comes ahead of Prime Minister Boris Johnson
setting out his plan to spend the British economy out of its
coronavirus-induced crisis, promising to fast-track 5 billion
pounds($6.1 billion) of infrastructure investment.

In Europe, bourses in Frankfurt and Paris jump around 0.5%
at open while London also edges up.

In corporate news, Royal Dutch Shell said it would
write down the value of its assets by up to $22 billion after
lowering its long-term outlook on oil and gas prices. Standard
Life Aberdeen announces Keith Skeoch is to stand down as
chief executive after five years at the helm with former
Citigroup executive Stephen Bird replacing him. German
lender Commerzbank considers 7,000 more redundancies.

Wirecard shares jump 63% as its regional arms look
to sketch out ways ahead. The central bank in Singapore - home
to the Asia-Pacific headquarter of the scandal-ridden German
payments company - said Wirecard's local entities were assessing
their ability to continue providing services. Meanwhile the
firm's U.S. entity said it had put itself up for sale.

In M&A news, Australia's Infigen backs a revised
Iberdrola takeover offer and Alaskan officials approve
BP's sale of oil leases to Hilcorp as part of a
previously announced $5.6 billion deal.
($1 = 0.8153 pounds)
(Editing by Emelia Sithole-Matarise)

More News
16 Dec 2021 22:13

UPDATE 2-Royal Dutch Shell confirms delay in sale of Texas refinery to Mexico's Pemex

(Adds approval expected by Jan. 13)By Stefanie Eschenbacher and Erwin SebaMEXICO CITY/HOUSTON, Dec 16 (Reuters) - Royal Dutch Shell on Thursday confirmed a Reuters report that the sale of its controlling interest in a Texas refinery to Mexican stat...

Read more
16 Dec 2021 14:42

Latin American oil auctions kick off after two-year lull

* 11 firms registered to bid in Brazil's auction on Friday* Competition expected to be fiercest since 2018* Seven Latin American nations to hold auctions in 2022-2023By Marianna Parraga and Sabrina ValleHOUSTON, Dec 16 (Reuters) - Latin America's oil...

Read more
15 Dec 2021 12:16

Five companies seek to develop CO2 storage off Norway

OSLO, Dec 15 (Reuters) - Five companies have applied to build carbon dioxide (CO2) storage on the Norwegian continental shelf, the country's oil and energy ministry said on Wednesday.The ministry proposed in September two offshore areas, one in th...

Read more
15 Dec 2021 10:10

UPDATE 2-FTSE dips as inflation surges to 10-year high

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* IAG down on plans to cancel Air Europa acquisition* Rentokil falls for second day on M&A plans* Inflation jumped to 5.1% in Nov vs. 4.2% in...

Read more
15 Dec 2021 09:33

LONDON BROKER RATINGS: BofA starts Pod Point at Buy; Barclays cuts DCC

LONDON BROKER RATINGS: BofA starts Pod Point at Buy; Barclays cuts DCC

Read more
14 Dec 2021 09:40

LONDON BROKER RATINGS: JPMorgan raises Experian, cuts BAE Systems

LONDON BROKER RATINGS: JPMorgan raises Experian, cuts BAE Systems

Read more
13 Dec 2021 16:10

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

Read more
13 Dec 2021 11:48

Brazil's oil regulator approves Mero oilfield production agreement

SAO PAULO, Dec 13 (Reuters) - Brazilian state-run oil company Petrobras said on Monday that the country's oil regulator ANP has approved a production agreement for the Mero oilfield, deciding on which stake of its oil and gas output will be hold ...

Read more
13 Dec 2021 10:16

UPDATE 2-Energy, bank stocks drag London's FTSE 100; Omicron fears weigh

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Purplebricks plunges after delaying results* SThree drops as CEO steps down* FTSE 100 down 0.8%, FTSE 250 off 1.2% (Updates to close)By Ba...

Read more
13 Dec 2021 07:22

Qatar Energy acquires 17% stake in Shell-operated concessions in Egypt

DUBAI, Dec 13 (Reuters) - Qatar Energy will acquire a 17% stake in two Shell-operated concessions (Block 3 and Block 4) in Egypt's Red Sea region, Shell Egypt said on Monday.Shell will remain the main operator of the concessions, Shell Egypt's st...

Read more
12 Dec 2021 14:00

Activist group targets Exxon with shareholder climate resolution

* Follow This targets Exxon for first time* Dutch group also targets other energy companiesBy Ron Bousso and Sabrina ValleLONDON, Dec 12 (Reuters) - Climate activist group Follow This targeted Exxon Mobil Corp with a shareholder resolution urging i...

Read more
10 Dec 2021 23:26

UPDATE 1-Shell restarting Louisiana refinery crude unit after repairs from Hurricane Ida -sources

(Adds no reply from company)HOUSTON, Dec 10 (Reuters) - Royal Dutch Shell Plc was restarting on Friday the crude distillation unit (CDU) at its 230,811 barrel-per-day (bpd) Norco, Louisiana, refinery after completing repairs from Hurricane Ida, sa...

Read more
10 Dec 2021 20:44

Shell restarting Louisiana refinery crude unit after repairs from Hurricane Ida -sources

HOUSTON, Dec 10 (Reuters) - Royal Dutch Shell Plc was restarting on Friday the crude distillation unit (CDU) at its 230,811 barrel-per-day (bpd) Norco, Louisiana, refinery after completing repairs from Hurricane Ida, said sources familiar with pl...

Read more
10 Dec 2021 16:57

Can we still be friends? Shell sends Dutch PM parting note

By Toby SterlingAMSTERDAM, Dec 10 (Reuters) - On the day that shareholders of Royal Dutch Shell PLC voted to move the company's headquarters to London https://www.reuters.com/markets/europe/royal-dutch-shell-plc-shareholders-set-approve-move-london...

Read more
10 Dec 2021 15:29

Belarus oil firm cancels 2022 exports to Germany after EU sanctions - traders

MOSCOW, Dec 10 (Reuters) - Belarusian oil company Belorusneft has cancelled its 2022 export plans to Germany via the Druzhba pipeline following new European Union sanctions on the company, three traders familiar with the matter said on Friday.On ...

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.