Excessive price moves in the European energy complex continue to create headlines. Analysts at Julius Baer point to carbon credits which were sold off heavily in the past days after a parabolic rise to 10-year highs.
The Eurostoxx 50 will proceed once a year to change its composition on 24 September. This year there will be three new members of the index: Kering, Linde and Amadeus. The change of sectoral composition of the Eurostoxx 50 over the last two decades has been significant. Regulated companies have lost weight, and the major consumer and industrial multinational with global reach have gained in importance.
It happened in 2018, not in 1818. Nancy fainted in the main airport in London as she was being expelled from the country. Far from helping her, the police accused her of faking her illness to avoid deportation. Five days later she died.
The ECB’s meeting next Thursday will serve to prolong the continuist tone and will be characterised by an appearance by Draghi in which he will continue with his message of prudence. The Italian will also recall that the ammunition remains ready and will insist on the roll-over of matured assets in the portfolio linked to QE, at the same time as again deferring raising interests rates, signalling summer 2019 as a posible date.
Between July 2015 and July 2018, 1.3 million people have sought asylum in Germany. The three years between the festive welcome to the refugees in Munich railway station and the xenophobic revolt in Chemnitz (Saxony) in September – after the stabbing of a 35 year old German, reportedly by foreigners – have seen an unprecedented renaissance of conservative politics.
Damir Kurtagic via Fair Observer | With nothing to require companies to invest in line with the development agenda, corporate ventures in Africa might come to resemble Chinese neocolonial corporate models that do not actually alleviate poverty but rather enable it.
By Israel Rafalovich (Brussels) | Relaunching his diplomatic agenda after his leadership ambitions suffered a blow when his Environment Minister Nicolas Hulot resigned, French President Emmanuel Macron called for the EU to stop relying on the United States for its military defence. He pushed for a fresh EU integration and announced that in the coming months he will put new proposals to boost EU defence cooperation.
Yiannis Mouzakis via Macropolis | The tone of the day is celebratory for some. After eight years, myriad Eurogroup meetings that lasted until the early morning hours and hundreds of billion euros in loans, the eurozone is probably happy that it doesn’t have to spend any more time, energy and money on this small country at the corner of Europe that represents 2 percent of the total eurozone economy.
By Israel Rafalovich (Brussels) As Jean-Claude Juncker announced his intention not to seek a second term as European Commission president Germany is entering the race for the job and possibly giving up the backing for Mr. Jens Weidmann, German Bundesbank chief, to succeed Mr. Mario Draghi as president of the European Central Bank (ECB).russels) |
BS Markets | The growth of the Eurozone economy continued in August, although “at a slower rhythm tan in the last 18 months”. Moreover, companies´expectations of future growth have fallen to the lowest level in almost two years, according to the data of the PMI study by consultant Markit.