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The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
May 8, 2025 DOWNLOAD
investment-ss-3
Economic Updates
Policy rate views: Uncertainty stalls cuts
May 8, 2025 DOWNLOAD
grocery-2-aa
Economic Updates
Inflation Update: BSP poised for a string of rate cuts as inflation cools
May 6, 2025 DOWNLOAD
View all Reports
Economy 4 MIN READ

Strong Wall Street close set to lift Europe

May 18, 2023By Reuters
Related Articles
Oil slips on concerns higher interest rates to crimp demand January 10, 2023 Euro zone bond yields near two-month highs ahead of US jobs data September 2, 2022 UPDATE 1-Philippines to reopen 'soon' to vaccinated foreign tourists November 19, 2021

OPTIMISM over a possible breakthrough in US debt ceiling talks is keeping up in early European hours on Thursday following a strong close for Wall Street the day before and overnight gains across Asian markets.

Futures on the region-wide EuroSTOXX50 and London’s FTSE 100 were both up around 0.5%, while US equity futures pointed to a more subdued open following the rally the day before. MSCI’s broadest index of Asia-Pacific shares pushed 0.8% higher.

Switzerland and Scandinavian markets are closed for holiday, and that could reduce activity.

In corporate news, Deutsche Bank agreed to pay USD 75 million to settle a lawsuit by women who say they were abused by the late financier Jeffrey Epstein, and accused the German bank of facilitating his sex trafficking.

Burberry reported a 16% rise in Q4 comparable store sales, boosted by a rebound in its largest market China following three years of COVID-19 restrictions.

Royal Mail posted an annual adjusted operating loss of 419 million pounds, beating market expectations, while BT Group announced up to 55,000 jobs cuts after it met market expectations with a 5% rise in full-year adjusted core earnings.

(Danilo Masoni)

This article originally appeared on reuters.com

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