Wednesday, June 7, 2023

The stock market rose ahead of a possible agreement in the United States

The index opened about 0.5% higher on hopes of an agreement to raise the debt ceiling, which would avoid the country’s suspension of payments.

European stock markets opened up about 0.5%, pulled by a wave of optimism that fueled hopes of an agreement to raise the United States’ debt ceiling and avoid a suspension of payments in the country. It moves with.

Today we are practically devoid of macro references in Europe, but would be so in the United States where the FED survey and second-hand home sales are published in Philadelphia. In Spain, the Treasury auctions bonds and obligations and in the United Kingdom, the Bank of England publishes quarterly bulletins.

This morning ECB Vice President Luis de Guindos will speak at an event in Madrid, and President Christine Lagarde will speak at another event in Frankfurt.

Business leader

A decline (-9%) in BT degrees which will reduce its workforce by 55,000 jobs by 2030 to be more skilled. The British operator met its objectives with an operating profit improvement of 5% a year. It has also increased its network business and customers.

A cut for British luxury fashion brand Burberry (-4%), despite a 16% increase in its comparable sales in the fourth fiscal quarter and forecasts of a rebound in its biggest market, China, after three years of restrictions by COVID-19 more due to Sales in mainland China rose 13%.

Focus on the Spanish Stock Market Indra According to Expansión, that could sign up IFEMA’s current president, José Vicente de los Mozos, as the new CEO.

Deutsche Bank (-1.6%) will pay $75 million to settle a lawsuit accusing a German bank of supporting the late mogul Jeffrey Epstein’s sex trafficking scheme. Epstein was a client of Deutsche Bank between 2013 and 2018.

On the other hand, S&P affirms Deutsche Bank’s rating and improves the outlook.

Qatar’s Sovereign Wealth Fund, the second largest investor swiss credit is exploring the possibility of requesting compensation for damages caused by the forced sale of the bank to its rival UBS for at least a fraction of its value.

airline easy jet It posted pre-tax losses of more than $500 million in the last six months through March. The result represents an improvement of 25% over the previous year. Confidence in the summer season is when it makes the most of its benefits. He explains that there is a strong demand for reservation and he has increased the price of tickets.


For telefonica, Citigroup raised its target price from 4.1 to 4.2 euros per share

For collecting techniques, Barclays raises its advice to market equal to overweight.

And for Inditex, Barclays has raised its target price to 28 euros per share from 27.

-US fund Millennium Group holds 1.036% stake repsol

-Norwegian sovereign wealth fund, Norges Bank has once again increased its stake unicaja up to 4.43%.

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
Latest news
Related news


Please enter your comment!
Please enter your name here