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+ 160%. $2345.93
Major European markets traded mixed on Thursday as investors await the Bank of England's latest monetary policy decision. Today, Ferrovial, Telefónica, EDP, Enel, Pirelli, and Salvatore Ferragamo will publish their results.
At 8:01 am CET, the DAX and the FTSE 100 were flat, while the CAC 40 fell 0.20%. A minute later, the pan-European Euro Stoxx 50 inched down 0.30%.
On the currency front, the euro was flat against the dollar at 8:00 am CET, selling for $1.07435. In comparison, the pound lost 0.06% to go for $1.24906 at the same time.
Baha Breaking News (BBN) / JG
Major European markets traded mixed on Thursday as investors await the Bank of England's latest monetary policy decision. Today, Ferrovial, Telefónica, EDP, Enel, Pirelli, and Salvatore Ferragamo will publish their results.
At 8:01 am CET, the DAX and the FTSE 100 were flat, while the CAC 40 fell 0.20%. A minute later, the pan-European Euro Stoxx 50 inched down 0.30%.
On the currency front, the euro was flat against the dollar at 8:00 am CET, selling for $1.07435. In comparison, the pound lost 0.06% to go for $1.24906 at the same time.
Baha Breaking News (BBN) / JG
Gold currently $2315.12
Boohoo (BOO) is using 2024 as a ‘fix-up’ year but it won’t get interesting until the second half, says Liberum.
Analyst Wayne Brown retained his ‘hold’ recommendation and target price of 32p on the online fast fashion retailer, which traded sideways at 35.2p after its preliminary results yesterday.
The group has ‘taken full-year 2024 as a fix-up year and this is reflected through the prelim results’, said Brown.
It has shifted its strategy to core brands that have created ‘noise in revenues’ and despite the tough trading there are ‘green shoots appearing’, with improvement in earnings margins reflecting ‘work done on admin and distribution costs’.
Although losses at Boohoo ballooned to £160m – 70% more than last year – and sales were down double-digits, the poor numbers were expected and guidance was unchanged for full-year 2025.
Brown noted that the guidance is ‘positive for free cashflow’ in 2025 and Boohoo ‘remains steadfast in hitting the 6%-8% medium-term [pre-tax profit] margin target’.
‘The shares look attractive trading at only 1.3 times price to book, and while we believe the group could soon turn the corner back into revenue growth, the timing of this remains uncertain so we remain “hold” but the second half of this year looks much more interesting,’ Brown said.
https://citywire.com/funds-insider/news/expert-view-puretech-norcros-wetherspoon-boohoo-direct-line/a2442045?page=4
Major European markets traded mostly higher in the premarket session on Wednesday amid the publication of more economic data and earnings reports from major companies in the area.
Before the opening, BMW Group posted its latest earnings report. The company announced that revenue for the first quarter of fiscal 2024 decreased by 18.9% to €4.1 billion. Meanwhile, market participants will receive data on industrial output in Germany and more earnings reports today.
At 8:01 am CET, the DAX gained 0.24%, while the CAC 40 added 0.06%, and the FTSE was flat. The pan-European Euro Stoxx 50 was also flat a minute later.
At 7:56 am CET, the euro and the British pound were down by 0.13% and 0.16% against the dollar, selling for $1.07412 and $1.24887, respectively.
Baha Breaking News (BBN) / JG
Happy hump y’al
Major European markets traded mostly higher in the premarket session on Wednesday amid the publication of more economic data and earnings reports from major companies in the area.
Before the opening, BMW Group posted its latest earnings report. The company announced that revenue for the first quarter of fiscal 2024 decreased by 18.9% to €4.1 billion. Meanwhile, market participants will receive data on industrial output in Germany and more earnings reports today.
At 8:01 am CET, the DAX gained 0.24%, while the CAC 40 added 0.06%, and the FTSE was flat. The pan-European Euro Stoxx 50 was also flat a minute later.
At 7:56 am CET, the euro and the British pound were down by 0.13% and 0.16% against the dollar, selling for $1.07412 and $1.24887, respectively.
Baha Breaking News (BBN) / JG
Happy hump y’al
Gold currently $2318.11
Https://www.instagram.com/reel/C6qIpwIIRaI/?igsh=aTNuYThsYm83aDBs
Major European stock markets traded positive in premarket on Tuesday as investors awaited fresh reports on German factory orders, house prices and trade balance. Additionally, the latest data on the British construction sector and Eurozone's retail sales will be released later in the day.
The DAX was flat at 8:00 am CET, and the FTSE 100 jumped 1.09%. Meanwhile, the CAC 40 lost 0.24% and the Euro Stoxx 50 added 0.26%.
The euro fell 0.11% against the dollar at 7:58 am CET, selling for $1.07576. A minute later, the pound lost 0.17% compared to the greenback, going for $1.25406.
Baha Breaking News (BBN) / JJ
Major European stock markets traded positive in premarket on Tuesday as investors awaited fresh reports on German factory orders, house prices and trade balance. Additionally, the latest data on the British construction sector and Eurozone's retail sales will be released later in the day.
The DAX was flat at 8:00 am CET, and the FTSE 100 jumped 1.09%. Meanwhile, the CAC 40 lost 0.24% and the Euro Stoxx 50 added 0.26%.
The euro fell 0.11% against the dollar at 7:58 am CET, selling for $1.07576. A minute later, the pound lost 0.17% compared to the greenback, going for $1.25406.
Baha Breaking News (BBN) / JJ
Gold currently $2321.14
Most major stock indexes in Europe traded higher during Monday's premarket hours as investors awaited several economic reports. On the agenda today are composite PMI reports for Germany and the Eurozone, alongside the latter's producer prices.
In the business sector, BioNTech SE will release its financial results for the first quarter of fiscal year 2024 after the opening.
Frankfurt's DAX traded flat. The CAC 40 lost 0.14%. London's FTSE 100 jumped 0.22% while the Euro Stoxx climbed 0.15%.
The euro and the pound were flat compared to the dollar, selling at 1.07625 and 1.25480, respectively.
Baha Breaking News (BBN) / RR
Happy Monday y’al
Most major stock indexes in Europe traded higher during Monday's premarket hours as investors awaited several economic reports. On the agenda today are composite PMI reports for Germany and the Eurozone, alongside the latter's producer prices.
In the business sector, BioNTech SE will release its financial results for the first quarter of fiscal year 2024 after the opening.
Frankfurt's DAX traded flat. The CAC 40 lost 0.14%. London's FTSE 100 jumped 0.22% while the Euro Stoxx climbed 0.15%.
The euro and the pound were flat compared to the dollar, selling at 1.07625 and 1.25480, respectively.
Baha Breaking News (BBN) / RR
Happy Monday y’al
Gold currently $2313.56
European stock exchanges are heading for a cautious open on Friday as the data-packed week slowly came to an end. On the data front, investors expect reports on the unemployment rate for the euro area and business activity in Britain, and will closely watch the release of nonfarm payrolls print in the United States.
Spanish fashion and fragrance company Puig Brands SA is also expected to debut on the Spanish Stock Exchange today. Societe Generale SA, Credit Agricole S.A., and Daimler Truck reported their opening quarter results for fiscal 2024.
London's FTSE 100 rose 0.15%. The CAC 40, the Euro Stoxx 50, and Frankfurt's DAX were flat.
The euro grew 0.09% against the greenback, selling at 1.07349 at 8:03 am CET. The British pound was up 0.12% compared to the dollar, trading at 1.25492.
Baha Breaking News (BBN) / AB
Happy Friday y’al
Enjoy your Mayday weekend
European stock exchanges are heading for a cautious open on Friday as the data-packed week slowly came to an end. On the data front, investors expect reports on the unemployment rate for the euro area and business activity in Britain, and will closely watch the release of nonfarm payrolls print in the United States.
Spanish fashion and fragrance company Puig Brands SA is also expected to debut on the Spanish Stock Exchange today. Societe Generale SA, Credit Agricole S.A., and Daimler Truck reported their opening quarter results for fiscal 2024.
London's FTSE 100 rose 0.15%. The CAC 40, the Euro Stoxx 50, and Frankfurt's DAX were flat.
The euro grew 0.09% against the greenback, selling at 1.07349 at 8:03 am CET. The British pound was up 0.12% compared to the dollar, trading at 1.25492.
Baha Breaking News (BBN) / AB
Happy Friday y’al
Enjoy your Mayday weekend
Gold currently $2304.33
Major European stock equities traded higher during Thursday's premarket hours as investors awaited key data releases on the region's manufacturing sector, as well as data on consumer prices and retail sales in Switzerland.
ArcelorMittal and ING Groep shared their opening quarter results for 2024, with Shell lined up to report next.
Frankfurt's DAX gained 0.48%. The CAC 40 rose 0.42%. London's FTSE 100 jumped 0.44%. The Euro Stoxx climbed 0.29%.
The euro was flat compared to the dollar, selling at 1.07173. The pound sterling stood 0.08% higher against the greenback, trading at 1.25370 at 7:59 am CET.
Baha Breaking News (BBN) / AB
*Earlier pre market comment removed and replaced.
Major European stock equities traded higher during Thursday's premarket hours as investors awaited key data releases on the region's manufacturing sector, as well as data on consumer prices and retail sales in Switzerland.
ArcelorMittal and ING Groep shared their opening quarter results for 2024, with Shell lined up to report next.
Frankfurt's DAX gained 0.48%. The CAC 40 rose 0.42%. London's FTSE 100 jumped 0.44%. The Euro Stoxx climbed 0.29%.
The euro was flat compared to the dollar, selling at 1.07173. The pound sterling stood 0.08% higher against the greenback, trading at 1.25370 at 7:59 am CET.
Baha Breaking News (BBN) / AB
*ggg21 well spotted, they removed and replaced the earlier comment
Major European stock equities traded mostly lower during Thursday's premarket hours as investors awaited key data releases on the region's manufacturing sector, as well as data on consumer prices and retail sales in Switzerland.
ArcelorMittal and ING Groep shared their opening quarter results for 2024, with Shell lined up to report next.
Frankfurt's DAX dropped 0.43%. The CAC 40 lost 0.36%. London's FTSE 100 was up 0.19%. The Euro Stoxx fell 0.85%.
The euro was flat compared to the dollar, selling at 1.07173. The pound sterling stood 0.08% higher against the greenback, trading at 1.25370 at 7:59 am CET.
Baha Breaking News (BBN) / AB
Major European stock equities traded mostly lower during Thursday's premarket hours as investors awaited key data releases on the region's manufacturing sector, as well as data on consumer prices and retail sales in Switzerland.
ArcelorMittal and ING Groep shared their opening quarter results for 2024, with Shell lined up to report next.
Frankfurt's DAX dropped 0.43%. The CAC 40 lost 0.36%. London's FTSE 100 was up 0.19%. The Euro Stoxx fell 0.85%.
The euro was flat compared to the dollar, selling at 1.07173. The pound sterling stood 0.08% higher against the greenback, trading at 1.25370 at 7:59 am CET.
Baha Breaking News (BBN) / AB
Gold currently $2314.25
(Survived the night MrBond)
🤗
London's FTSE 100 index was flat during the premarket session on Wednesday as investors awaited fresh reports on housing prices and manufacturing sector performance scheduled for release later in the day.
The FTSE 100 traded flat at 8:00 am CET. Other European stock markets were closed due to the Labor Day holiday.
The euro lost 0.11% against the dollar at 7:58 am CET, selling for $1.06548. At the same time, the pound dropped 0.12% compared to the greenback, to go for $1.24769.
Baha Breaking News (BBN) / JJ
Happy hump y’al
London's FTSE 100 index was flat during the premarket session on Wednesday as investors awaited fresh reports on housing prices and manufacturing sector performance scheduled for release later in the day.
The FTSE 100 traded flat at 8:00 am CET. Other European stock markets were closed due to the Labor Day holiday.
The euro lost 0.11% against the dollar at 7:58 am CET, selling for $1.06548. At the same time, the pound dropped 0.12% compared to the greenback, to go for $1.24769.
Baha Breaking News (BBN) / JJ
Gold currently $2287.63
Happy hump y’al