STOXX 600 Subdued with Key Earnings on Tap; Energy Shares Jump

Forvia jumps on supply deal with China39;s BYD, Xiaomi JDE Peets surges on Mondelez39;s share acquisition SAP earnings due after market close Oct 21 Reuters European shares struggled for direction on Monday, after two backtoback weekly gains, ahead of a series of marquee corporate earnings, although stabilising oil prices buoyed the energy sector. The continentwide […]
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Too Much Market Uncertainty for Spanish IPO, Tendam CEO says

MADRID, Oct 21 Reuters Uncertainty in the market for new companies and high interest rates are hindering Spanish fashion retailer Tendam39;s plans for an initial public offering IPO, its chief executive officer said on Monday. It will be difficult for mediumsized companies to go public unless interest rates are lowered and the outcome of the […]
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Pound Gets Boost from UK Consumer Spending

LONDON, Oct 18 Reuters The pound rallied by as much as 0.5 on Friday, after data showed UK consumer spending was surprisingly strong last month, offering some reassurance about the strength of the economy, although the currency was still set for its third weekly drop. British retail sales unexpectedly rose in September, according to official […]
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