Citigroup Raises 2024 YearEnd STOXX 600 Target by about 6

March 22 Reuters Citigroup raised its 2024 yearend target for the STOXX 600 index by about 6 to 540 from 510, citing more clarity on the Federal Reserve39;s interest rate trajectory and potential weakness in the U.S. dollar. The brokerage39;s target for the panEuropean benchmark index also implied a nearly 6 upside to its Thursday close. […]
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FTSE 100 Eyes Second Weekly Gain on BoEs Dovish Tilt

JD Sports falls on peer Nike39;s revenue warning UK Retail sales steady in February FTSE 100 up 0.7, FTSE 250 up 0.1 March 22 Reuters The UK39;s FTSE 100 inched up on Friday as investors continued to cheer the dovish tilt in the Bank of England39;s monetary policy, while insurer Phoenix Group led gains after […]
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European Shares Set for Weekly Gains; UKs Phoenix Soars

German business sentiment rises in March Ifo UK39;s Phoenix tops STOXX on upbeat outlook results Legal General up on shelving China business licence plan STOXX 600 up 0.1 March 22 Reuters European shares were largely flat on Friday but maintained record highs as gains in the telecommunications sector were offset by losses in technology shares, […]
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Reddit Dips Day after Strong NYSE Debut

March 22 Reuters Social media platform Reddit39;s shares ticked down 2.6 before the bell on Friday, a day after it notched a 48 gain in its debut on the New York Stock Exchange. The company39;s share sale was closely watched for more clues about investor interest in new share issues following a prolonged freeze in the market. Trading […]
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German Business Sentiment Rises in March, Ifo says

BERLIN, March 22 Reuters German business morale improved in March and beat expectations, a survey showed on Friday, though probably not enough to prevent Europe39;s biggest economy from slipping into another recession. The Ifo institute said its business climate index stood at 87.8 compared with a reading of 86.0 forecast by analysts in a Reuters […]
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US Regulators Urge Congress to Look into Grocery Profits

NEW YORK, Reuters The U.S. Federal Trade Commission recommended Thursday that policymakers look further into profits at grocery store operators that remain elevated since the pandemic and promotions that consumer products makers offer retailers. The FTC also is suing to block Kroger39;s acquisition of smaller grocery store rival Albertsons, citing concerns the deal would hike prices for millions of […]
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UK Retail Sales Hold Steady in February ONS

LONDON, March 22 Reuters British retail sales unexpectedly held steady in February despite wet weather hitting instore sales, according to figures from the Office for National Statistics on Friday that added to signs the economy is recovering from last year39;s mild recession. The ONS said retail sales volumes were flat and remained 1.3 below the […]
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