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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
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
webinar-thumb-1108
Estate Planning: Building a Legacy for the Future 
November 8, 2022
Webinar-mobile-desktop-267x320-1
Outlook 2022: Recover. Restart. Rebalance.
March 31, 2022
View All Webinars
Downloads
grocery-market-aa-5
Inflation Report
Inflation Updates (December 5, 2023) 
December 5, 2023 DOWNLOAD
grocery-shopping-cart-as
Economic Updates
November 2023 Updates: Upward tilt of inflation still a possibility 
November 22, 2023 DOWNLOAD
Commuters-aa
Economic Updates
3Q 2023 PH GDP Report: Upward bias for full-year GDP forecast
November 10, 2023 DOWNLOAD
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Economy 4 MIN READ

Strong Wall Street close set to lift Europe

May 18, 2023By Reuters
Related Articles
European shares start 2023 on upbeat note on encouraging factory data January 2, 2023 Global hedge funds shine in June, driven by AI - HFR July 10, 2023 US stocks fall after recent big gains; oil, yields rise June 27, 2022

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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