European shares closed lower as Bank of England slipped; Stoxx 600 down 1.8%

European shares fall as UK market turmoil continues European stocks closed lower, with blue-chip holders Stokes 600 Temporarily closed 1.8% lower on weak economic sentiment and the UK Bond market volatility He continued to weigh. Auto shares fell 5% with the French car company foresia It fell 14.7%. British stocks Barat Development Real estate developer … Read more

Stocks drop, Chinese yuan tops 7.2 against the dollar

The Chinese yuan is likely to return to the “reasonable range” soon The yuan is likely to return to the “reasonable range” between six and seven against the US dollar — as soon as next year, said Han Baojiang, director of the Department of Economics at the Party School of the CPC Central Committee. That’s … Read more

Randall Castillo Ortega explains the importance of the Internet for export companies

In the past, it was very difficult for a company that was not a large multinational to have the opportunity to sell its products to other countries. Exporting was a big problem. However, thanks to today’s new technologies, any company (regardless of its size) has the possibility to export to international markets. The internet makes … Read more

From the Fed to the currency crisis in Europe, here’s what’s behind this sell-off in financial markets

Trader on the floor of the New York Stock Exchange, June 7, 2022. Source: NYSE Stocks fell sharply, bond yields rose and the dollar rose on Friday as investors responded to the Federal Reserve’s signal that its battle with inflation could lead to higher interest rates and a recession. Friday’s selloff was global, in a … Read more

European stocks open to close; Markets brace for more Fed rate action

Rheinmetall rises 9.7% German arms manufacturer Rheinmetall It continued its bullish run on Wednesday afternoon, rising 9.7% to reach the top of the Stoxx 600. This follows news on Monday that the German Armed Forces have contracted the company to purchase a total of 48 fuel tank trucks for use at several German Army and … Read more

European companies are rethinking their plans for a “closed” China

BEIJING – European companies in China are reassessing their market plans after this year’s Covid controls further isolated the country from the rest of the world, said Jörg Woetke, president of the European Union Chamber of Commerce in China. China’s strict policy on the Covid virus has imposed restrictions on international travel and business activity … Read more

European markets open for closing, earnings, data and news

Fortum shares soar 9.5% ahead of Uniper deal Fortum Shares rose 9.5% in afternoon trading on Tuesday on news that the German government was closing a deal to nationalize the gas giant. Uniper. Germany is considering buying Finnish energy company Fortum’s controlling stake in Uniper, details are expected to be announced on Wednesday. Karen Gilchrist … Read more

Goldman Sachs: Why European Natural Gas May Fall 50%

drawing by Elias Stein font size Here’s a challenge to conventional wisdom, courtesy of Goldman Sachs : Europe has “solved” the winter natural gas crisis, and prices could fall by half in the next six months. The cost of fuel soared, setting records in Europe last month, before Russia shut down the Nord Stream 1 … Read more

3 notes from Friday’s meeting, including how defensive play is winning in this two-sided market

Every weekday, CNBC Investing Club with Jim Cramer holds a live broadcast of “Morning Meeting” at 10:20 a.m. ET. Here is a summary of Friday’s most important moments. There is a fork in the market quick hit: AMZN, PG, DHR and AAPL Club events to watch for the next week 1. There is a fork … Read more