Tag: FTSE 100 Index

Telecom Italia surges on deal news, as European stocks inch up after weekend of protests over COVID restrictions

European stocks traded modestly higher on Monday, after a weekend of protests that turned violent at times over increasing COVID-19 restrictions across the continent. The telecom sector was in the lead, driven by Telecom Italia after a buyout offer from KKR & Co. The Stoxx Europe 600 index XX:SXXP rose 0.2% to 487.28, following a […]

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U.K. inflation surges to decade-high of 4.2%, sending pound higher again and FTSE 100 lower

A day after strong jobs data, hotter-than-expected U.K. inflation numbers were driving up the British pound, adding more weight to the case for an interest rate hike in December. In October, consumer prices rose 4.2% annually, higher than the 3.9% expected by analysts and a sizable leap from 3.1% in September. It also marked the […]

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Barclays sees modest pressure after CEO quits over Epstein ties

Barclays shares saw modest pressure Monday after the U.K. bank announced its chief executive, Jes Staley, was departing after seeing a preliminary report by the U.K. regulator into his description of his ties with convicted sex felon Jeffrey Epstein. Barclays BARC, -1.24% shares lost 2%. Though the Financial Conduct Authority has yet to release or […]

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German stocks climb and bunds edge up after election

German stocks rose while bonds edged up after Social Democrats captured the biggest share of the vote in a close contest, beating the center-right bloc led by outgoing Chancellor Angela Merkel. The result is likely to result in the SPD party led by Olaf Scholz heading a government, though the alliance led by Armin Laschet […]

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