Latest Breaking News On - Industrial confidence - Page 8 : comparemela.com
European inflation continues to move higher
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Euro area inflation remains above ECB target for 2nd straight month
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Speakers
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ECB’s De Guindos (Spain) stated that was expecting a strong activity increase in H2. Inflation could be above 2% by end-2021 due to temporary factors. Saw moderation in inflation in 2022. Reiterated stance that best to err on the side of caution on when to begin removing stimulus.
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ECB s Elderson (Netherlands; SSM member) stated that banks need to play pivotal role in greening economy.
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Turkey Central Bank (CBRT) Gov Kavcioglu QIR press conference reiterated stance to maintain a tight monetary policy as it would act as a buffer. Increasing global inflation expectations is putting pressure on emerging market currencies.
Weekly outlook: Facebook, Apple, Amazon, Alphabet and Tesla results; Fed policy decision
The key events for UK wealth managers for the week starting 26 April
Monday 26 April
– In the UK, United Oil & Gas final results
-In the UK, Lok’n Store interim results
-In the UK, trading update from Pearson
-In Europe, quarterly results from Philips and Michelin
-In the US, quarterly results from Tesla and NXP Semiconductor
Tuesday 27 April
-BP quarterly results
Despite Europe Brent crude oil prices trebling over the past year, BP’s shares are almost unchanged.
The stagnant share price performance may “reflect investor scepticism that BP can juggle its cashflows to the point whereby it can maximise value from its current hydrocarbon assets, invest effectively in renewable and alternative energy sources and pay out healthy dividends”, according to AJ Bell investment director Russ Mould.