5 fintech trends that are transforming financial services

Investment in fintech (financial technology) continues to boom — breaking records in 2017 with an 18 percent rise in venture capital investment across the globe, and 30 percent in the U.S., according to Accenture’s latest report. As headline-grabbing cryptocurrencies struggle to find their feet, plenty of other innovative and exciting fintech is already racing to market. Artificial intelligence and voice interfaces are leading the way, while emerging markets are producing smart and simple financ


Investment in fintech (financial technology) continues to boom — breaking records in 2017 with an 18 percent rise in venture capital investment across the globe, and 30 percent in the U.S., according to Accenture’s latest report. As headline-grabbing cryptocurrencies struggle to find their feet, plenty of other innovative and exciting fintech is already racing to market. Artificial intelligence and voice interfaces are leading the way, while emerging markets are producing smart and simple financ
5 fintech trends that are transforming financial services Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-06-01  Authors: paid post mastercard, -jason lane, executive vice president of market development at
Keywords: news, cnbc, companies, voice, event, services, week, way, investment, venture, financial, transforming, trends, world, fintech, technology


5 fintech trends that are transforming financial services

Investment in fintech (financial technology) continues to boom — breaking records in 2017 with an 18 percent rise in venture capital investment across the globe, and 30 percent in the U.S., according to Accenture’s latest report.

As headline-grabbing cryptocurrencies struggle to find their feet, plenty of other innovative and exciting fintech is already racing to market. Artificial intelligence and voice interfaces are leading the way, while emerging markets are producing smart and simple financial solutions at an impressive scale.

This week at Money 20/20 in Amsterdam — Europe’s largest fintech event — the world of financial technology will come together to discuss such topics.

Here’s a look at the five hot fintech trends which are sure to shape this year’s event.


Company: cnbc, Activity: cnbc, Date: 2018-06-01  Authors: paid post mastercard, -jason lane, executive vice president of market development at
Keywords: news, cnbc, companies, voice, event, services, week, way, investment, venture, financial, transforming, trends, world, fintech, technology


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The future of Europe’s elections will be all about migration, foreign minister says

The determining factor in Europe’s forthcoming elections will be migration over anything else — even the economy, Hungary’s foreign affairs and trade minister told CNBC. “If you put into consideration the last three national parliamentary elections of Europe — Hungary, Austria, Italy — you’ll see that the parties that receive the most votes … (are) those who have a very clear policy on migration, an anti-migration policy,” Peter Szijjarto told CNBC Thursday at the annual forum of the Organizatio


The determining factor in Europe’s forthcoming elections will be migration over anything else — even the economy, Hungary’s foreign affairs and trade minister told CNBC. “If you put into consideration the last three national parliamentary elections of Europe — Hungary, Austria, Italy — you’ll see that the parties that receive the most votes … (are) those who have a very clear policy on migration, an anti-migration policy,” Peter Szijjarto told CNBC Thursday at the annual forum of the Organizatio
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Company: cnbc, Activity: cnbc, Date: 2018-06-01  Authors: natasha turak, milos bicanski, getty images
Keywords: news, cnbc, companies, factor, europes, future, migration, foreign, minister, elections, national, parliamentary, europe, told, key, orban, policy


The future of Europe's elections will be all about migration, foreign minister says

The determining factor in Europe’s forthcoming elections will be migration over anything else — even the economy, Hungary’s foreign affairs and trade minister told CNBC.

“If you put into consideration the last three national parliamentary elections of Europe — Hungary, Austria, Italy — you’ll see that the parties that receive the most votes … (are) those who have a very clear policy on migration, an anti-migration policy,” Peter Szijjarto told CNBC Thursday at the annual forum of the Organization for Economic Cooperation and Development (OECD) in Paris.

“It’s obvious that migration became the key factor of deciding the outcome of national parliamentary elections.”

Szijjarto represents the government of Viktor Orban, the nationalist firebrand who’s been called “the troublemaker of Europe” for his self-proclaimed disregard for the EU’s traditional liberal democratic values. Orban was overwhelmingly re-elected as prime minister in April, promising tough crackdowns on migration and prioritization of border security as key rallying points.


Company: cnbc, Activity: cnbc, Date: 2018-06-01  Authors: natasha turak, milos bicanski, getty images
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China A-shares make MSCI debut: What analysts are saying

Close to 230 China A shares debuted on index provider MSCI’s emerging markets benchmark on Friday, a move investors expect will attract billions of dollars in inflows to the mainland market. Upon completion of initial A shares inclusion, China’s proportion of the index — which currently includes shares of Chinese companies listed in Hong Kong — will stand at 31.3 percent. Full inclusion would see A shares account for 16 percent of the index and China making up 42 percent of the index. Friday’s i


Close to 230 China A shares debuted on index provider MSCI’s emerging markets benchmark on Friday, a move investors expect will attract billions of dollars in inflows to the mainland market. Upon completion of initial A shares inclusion, China’s proportion of the index — which currently includes shares of Chinese companies listed in Hong Kong — will stand at 31.3 percent. Full inclusion would see A shares account for 16 percent of the index and China making up 42 percent of the index. Friday’s i
China A-shares make MSCI debut: What analysts are saying Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-06-01  Authors: cheang ming, qilai shen, bloomberg, getty images
Keywords: news, cnbc, companies, msci, ashares, names, debut, saying, shares, mscis, analysts, hong, inclusion, index, markets, mainland, china, kong


China A-shares make MSCI debut: What analysts are saying

Close to 230 China A shares debuted on index provider MSCI’s emerging markets benchmark on Friday, a move investors expect will attract billions of dollars in inflows to the mainland market.

The partial inclusion of the A shares — yuan-denominated stocks traded on the mainland — to MSCI’s Emerging Markets Index takes place in two phases, with the second step only coming in August.

Among the names included were a mix of financials, consumer and developer names such as Kweichow Moutai, which makes premium liquor; BYD, an electric vehicle manufacturer; China’s largest lender Industrial and Commercial Bank of China and Ping An Insurance.

ZTE, the telecommunications equipment company currently banned from purchasing U.S. technology, and four other names were not added, MSCI said earlier in the week.

Upon completion of initial A shares inclusion, China’s proportion of the index — which currently includes shares of Chinese companies listed in Hong Kong — will stand at 31.3 percent. Full inclusion would see A shares account for 16 percent of the index and China making up 42 percent of the index.

Friday’s inclusion, however, failed to buoy sentiment in greater China markets, which slipped in afternoon trade: The Shanghai composite declined 0.53 percent and the smaller Shenzhen composite fell 0.9 percent. Hong Kong’s Hang Seng Index was lower by 0.17 percent.

The dip came after more than 1 percent gains on benchmarks in Hong Kong and on the mainland in the last session.


Company: cnbc, Activity: cnbc, Date: 2018-06-01  Authors: cheang ming, qilai shen, bloomberg, getty images
Keywords: news, cnbc, companies, msci, ashares, names, debut, saying, shares, mscis, analysts, hong, inclusion, index, markets, mainland, china, kong


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Deutsche Bank is vulnerable to speculation, director says

03:56 | 11:50 AM ET Thu, 10 May 2018


03:56 | 11:50 AM ET Thu, 10 May 2018
Deutsche Bank is vulnerable to speculation, director says Cached Page below :
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Deutsche Bank is vulnerable to speculation, director says

03:56 | 11:50 AM ET Thu, 10 May 2018


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US 10-year yield jumps back above 2.9% after better-than-expected jobs, wage data

U.S. government debt yields climbed Friday after the Department of Labor reported that the economy added more jobs than expected while wages ran warmer than expected in the month of May. The yield on the benchmark 10-year Treasury note was higher at around 2.888 percent at 2:43 a.m. The yield on the 30-year Treasury bond was also higher at 3.035 percent. But that’s it, that’s enough to push the unemployment rate lower,” said Scott Brown, chief economist at Raymond James. Investors have been scru


U.S. government debt yields climbed Friday after the Department of Labor reported that the economy added more jobs than expected while wages ran warmer than expected in the month of May. The yield on the benchmark 10-year Treasury note was higher at around 2.888 percent at 2:43 a.m. The yield on the 30-year Treasury bond was also higher at 3.035 percent. But that’s it, that’s enough to push the unemployment rate lower,” said Scott Brown, chief economist at Raymond James. Investors have been scru
US 10-year yield jumps back above 2.9% after better-than-expected jobs, wage data Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-06-01  Authors: thomas franck, matt clinch
Keywords: news, cnbc, companies, market, data, 29, wage, labor, warmer, jumps, betterthanexpected, treasury, yields, 10year, yield, unemployment, jobs, rate, expected


US 10-year yield jumps back above 2.9% after better-than-expected jobs, wage data

U.S. government debt yields climbed Friday after the Department of Labor reported that the economy added more jobs than expected while wages ran warmer than expected in the month of May.

The yield on the benchmark 10-year Treasury note was higher at around 2.888 percent at 2:43 a.m. ET, down from session highs above 2.9 percent. The yield on the 30-year Treasury bond was also higher at 3.035 percent. Bond yields move inversely to prices.

The U.S. economy continued to add jobs at a brisk pace in May, with nonfarm payrolls up 223,000 and the unemployment rate falling to 3.8 percent, the Bureau of Labor Statistics reported Friday.

Economists had been expecting payroll growth of 188,000 and the jobless rate to hold steady at 3.9 percent.

The closely watched average hourly earnings metric rose 0.3 percent, slightly warmer than expected, yielding an annualized rate of 2.7 percent, up one-tenth of a point from April.

“It’s a strong job market. If you look at the three-month average, which reduces some of the noise in the data, you’re at 178,000 for private sector workers. But that’s it, that’s enough to push the unemployment rate lower,” said Scott Brown, chief economist at Raymond James.

Investors have been scrutinizing headline jobs numbers to try to determine whether a tight labor market is spurring wage growth. The Federal Reserve has also been keeping a close eye on signs of inflation. Central bankers have indicated that two more interest rate hikes are likely this year in addition to the one they approved in March.

“For Fed policymakers, they’re still looking at the job market being essentially too strong. They’re thinking that it has to slow down at some point,” Brown added.


Company: cnbc, Activity: cnbc, Date: 2018-06-01  Authors: thomas franck, matt clinch
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Italy sees anti-establishment government sworn in after roiling global markets

A populist coalition government was sworn into power in Italy on Friday, ending months of political uncertainty in the euro zone’s third-largest economy. President Sergio Mattarella swore in Giuseppe Conte as prime minister of Western Europe’sfirst anti-establishment government whose aim is to cut taxes, boost welfare spending and overhaul European Union rules on budgets and immigration. “Your appointment comes at a crucial time for Italy and the entire European Union,” European Council Presiden


A populist coalition government was sworn into power in Italy on Friday, ending months of political uncertainty in the euro zone’s third-largest economy. President Sergio Mattarella swore in Giuseppe Conte as prime minister of Western Europe’sfirst anti-establishment government whose aim is to cut taxes, boost welfare spending and overhaul European Union rules on budgets and immigration. “Your appointment comes at a crucial time for Italy and the entire European Union,” European Council Presiden
Italy sees anti-establishment government sworn in after roiling global markets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-06-01  Authors: sam meredith, franco origlia getty images
Keywords: news, cnbc, companies, lega, antiestablishment, star, populist, markets, roiling, minister, sworn, political, italys, union, global, italy, sees, european, parties


Italy sees anti-establishment government sworn in after roiling global markets

A populist coalition government was sworn into power in Italy on Friday, ending months of political uncertainty in the euro zone’s third-largest economy.

President Sergio Mattarella swore in Giuseppe Conte as prime minister of Western Europe’s

first anti-establishment government whose aim is to cut taxes, boost welfare spending and overhaul European Union rules on budgets and immigration.

“Your appointment comes at a crucial time for Italy and the entire European Union,” European Council President Donald Tusk said in a letter to Conte. “To overcome our common challenges, we need unity and solidarity more than ever.”

Mattarella had approved a patched up bid from Italy’s anti-establishment Five Star Movement (M5S) and right-wing Lega (League) party on Thursday evening, just days after a bitter feud roiled global financial markets.

“All the conditions have been fulfilled for a political, Five Star and Lega government,” Luigi Di Maio of M5S and Matteo Salvini of Lega, both the leaders of their respective parties, said in a joint statement following several hours of talks in central Rome.

Only days ago, Mattarella refused to accept an initial bid from Italy’s populist parties over concerns about an economy minister who had helped write a guide for withdrawing Italy from the euro zone. That move plunged the country back into crisis mode, amid fears a fresh election could be framed as a de facto referendum on Italy’s role in Europe.


Company: cnbc, Activity: cnbc, Date: 2018-06-01  Authors: sam meredith, franco origlia getty images
Keywords: news, cnbc, companies, lega, antiestablishment, star, populist, markets, roiling, minister, sworn, political, italys, union, global, italy, sees, european, parties


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Stop bashing Trump, Hungary’s foreign minister tells Europe

Criticizing the U.S. will only backfire on European countries, according to Hungary’s foreign minister, who stressed the need for the EU to stop “bashing” the current administration. Speaking to CNBC in Paris Thursday, Foreign Affairs and Trade Minister Peter Szijjarto described positive engagement as the only way to avoid economic pain brought on by trade tariffs. EU leaders expressed staunch opposition for the move, and plan retaliatory measures on American goods. Trump reportedly also has pla


Criticizing the U.S. will only backfire on European countries, according to Hungary’s foreign minister, who stressed the need for the EU to stop “bashing” the current administration. Speaking to CNBC in Paris Thursday, Foreign Affairs and Trade Minister Peter Szijjarto described positive engagement as the only way to avoid economic pain brought on by trade tariffs. EU leaders expressed staunch opposition for the move, and plan retaliatory measures on American goods. Trump reportedly also has pla
Stop bashing Trump, Hungary’s foreign minister tells Europe Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-06-01  Authors: natasha turak, eric feferberg, afp, getty images
Keywords: news, cnbc, companies, eu, friends, tells, imports, trump, stop, european, minister, hungarys, foreign, way, europe, bashing, trade


Stop bashing Trump, Hungary's foreign minister tells Europe

Criticizing the U.S. will only backfire on European countries, according to Hungary’s foreign minister, who stressed the need for the EU to stop “bashing” the current administration.

Speaking to CNBC in Paris Thursday, Foreign Affairs and Trade Minister Peter Szijjarto described positive engagement as the only way to avoid economic pain brought on by trade tariffs.

“I always urge our friends in the European Union not to play this new sport art which is created which is called bashing (the) United States, you know, because the more our European friends bash the U.S., the more negative impact they will cause with that,” he said.

The Donald Trump administration on Thursday announced that the EU, Canada and Mexico would no longer be exempt from sweeping metals tariffs that impose 25 percent and 10 percent duties on steel and aluminum imports, respectively. EU leaders expressed staunch opposition for the move, and plan retaliatory measures on American goods.

Trump reportedly also has plans to restrict German luxury car imports to the U.S., a prospect that scares the Hungarian minister. The central European country has enjoyed robust investment inflows thanks to its large manufacturing base, particularly in the autos sector, for whom Germany is its biggest export market. The U.S. is Hungary’s largest trading partner outside the EU.


Company: cnbc, Activity: cnbc, Date: 2018-06-01  Authors: natasha turak, eric feferberg, afp, getty images
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Soros foundation says minister’s accusations about Hungary pullout are ‘nonsense’

As it pulls up stakes and makes an exit from Hungary, George Soros’ philanthropic organization called the latest accusations from that country’s government about the pullout “nonsense.” Without providing specifics, Hungary’s Foreign Affairs and Trade Minister Peter Szijjarto told CNBC Thursday that Soros’ Open Societies Foundation (OSF) left the country because it didn’t want to reveal its sources of funding. In response to Szijjarto’s accusation, OSF Chief Communications Officer Laura Silber to


As it pulls up stakes and makes an exit from Hungary, George Soros’ philanthropic organization called the latest accusations from that country’s government about the pullout “nonsense.” Without providing specifics, Hungary’s Foreign Affairs and Trade Minister Peter Szijjarto told CNBC Thursday that Soros’ Open Societies Foundation (OSF) left the country because it didn’t want to reveal its sources of funding. In response to Szijjarto’s accusation, OSF Chief Communications Officer Laura Silber to
Soros foundation says minister’s accusations about Hungary pullout are ‘nonsense’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-06-01  Authors: natasha turak, joshua roberts, bloomberg, getty images, attila kisbenedek, afp, akos stiller, bloomberg via getty images
Keywords: news, cnbc, companies, nonsense, osf, departure, soros, ministers, staff, minister, hungary, pullout, organization, foundation, told, accusations, countrys


Soros foundation says minister’s accusations about Hungary pullout are ‘nonsense’

As it pulls up stakes and makes an exit from Hungary, George Soros’ philanthropic organization called the latest accusations from that country’s government about the pullout “nonsense.”

Without providing specifics, Hungary’s Foreign Affairs and Trade Minister Peter Szijjarto told CNBC Thursday that Soros’ Open Societies Foundation (OSF) left the country because it didn’t want to reveal its sources of funding.

In response to Szijjarto’s accusation, OSF Chief Communications Officer Laura Silber told CNBC in an email, “That is nonsense.” She said the foundation’s departure took place “because, in the words of our President Patrick Gaspard: ‘The government of Hungary has denigrated and misrepresented our work and repressed civil society for the sake of political gain, using tactics unprecedented in the history of the European Union.'”

The announced departure of Soros’ non-governmental organization (NGO) from Hungary in May made headlines amid an outcry from advocacy groups that the country’s government is cracking down on civil liberties. Its staff have been relocated to Berlin.

OSF representatives said that they were no longer able to keep their staff safe under the government of Prime Minister Viktor Orban, and that they were a target of government surveillance.


Company: cnbc, Activity: cnbc, Date: 2018-06-01  Authors: natasha turak, joshua roberts, bloomberg, getty images, attila kisbenedek, afp, akos stiller, bloomberg via getty images
Keywords: news, cnbc, companies, nonsense, osf, departure, soros, ministers, staff, minister, hungary, pullout, organization, foundation, told, accusations, countrys


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Dow jumps more than 200 points after strong jobs report

A stronger-than-expected jobs report pushed stocks higher on Friday as Wall Street recovered some of the losses seen in the previous session. The Dow Jones industrial average rose 225 points, with Goldman Sachs rising 1.5 percent. The U.S. economy added 223,000 jobs in May, while economists polled by Reuters expected a gain of 188,000. Treasury yields jumped on the report, with the benchmark 10-year yield trading at 2.89 percent and the two-year yield rising to 2.47 percent. Friday’s gains come


A stronger-than-expected jobs report pushed stocks higher on Friday as Wall Street recovered some of the losses seen in the previous session. The Dow Jones industrial average rose 225 points, with Goldman Sachs rising 1.5 percent. The U.S. economy added 223,000 jobs in May, while economists polled by Reuters expected a gain of 188,000. Treasury yields jumped on the report, with the benchmark 10-year yield trading at 2.89 percent and the two-year yield rising to 2.47 percent. Friday’s gains come
Dow jumps more than 200 points after strong jobs report Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-06-01  Authors: fred imbert, matt clinch, scott mlyn
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Dow jumps more than 200 points after strong jobs report

A stronger-than-expected jobs report pushed stocks higher on Friday as Wall Street recovered some of the losses seen in the previous session.

The Dow Jones industrial average rose 225 points, with Goldman Sachs rising 1.5 percent. The S&P 500 gained 1 percent as financials and tech rose 1.3 percent and 1.8 percent, respectively.

Meanwhile, the Nasdaq composite advanced 1.5 percent with Facebook, Amazon, Netflix and Google-parent Alphabet all rising. The move higher on those stocks also helped the NYSE FANG ETF (NYFANG) to an all-time high. Apple also rose more than 1.5 percent to trade near an all-time high.

The U.S. economy added 223,000 jobs in May, while economists polled by Reuters expected a gain of 188,000. Average hourly earnings, meanwhile, rose 0.3 percent last month while the unemployment rate ticked down to 3.8 percent.

“Today’s jobs numbers pack a wallop,” said Mike Loewengart, vice president of investment strategy at E-Trade. But “with significant year-over-year wage gains, the inflation fears of February could pick up steam again, which could bring a chorus of Fed hawks squawking for more rate hikes.”

“These numbers could serve as a wake-up call that our economy is hustling despite geopolitics, but that could also bring added volatility as market participants adjust their expectations for increased Fed action,” he said.

Expectations for a rate hike in December ticked up following the report’s release, according to the CME Group’s FedWatch tool.

“On the margin, this report helps the Fed stay on plan, which we believe is to raise rates four times,” said Jason Thomas, chief economist at AssetMark. “We don’t think they need too much help to move forward with this plan” given how strong the economy has been.

President Donald Trump touted the report ahead of its release, saying in a tweet: “Looking forward to seeing the employment numbers at 8:30 this morning.”

Treasury yields jumped on the report, with the benchmark 10-year yield trading at 2.89 percent and the two-year yield rising to 2.47 percent.

Bank stocks followed rates higher. J.P. Morgan Chase, Goldman Sachs, Morgan Stanley and Bank of America all rose at least 1.5 percent.

Friday’s gains come as stocks fell Thursday after Trump slapped tariffs on the European Union, Mexico and Canada. The EU threatened the same, saying it would impose countermeasures of its own, while Canada Foreign Minister Chrystia Freeland said the country plans to slap dollar-for-dollar tariffs on the U.S.

Trump’s tariffs sent stocks lower, with the Dow closing 251 points lower on Thursday. Mexican and Canadian stocks also fell.

The news on tariffs comes at a time when the U.S., Canada and Mexico continue negotiations on a new trade agreement. Trump has railed against the current trade deal between the three countries, NAFTA, calling it the worst ever.

“NAFTA is the most important matter when it comes to trade and [these tariffs] don’t help,” said Art Hogan, chief market strategist at B. Riley FBR. “It’s like punching your friend in the face and then asking him to go to the movies.”

—CNBC’s Cheang Ming and Mike Calia contributed to this article.


Company: cnbc, Activity: cnbc, Date: 2018-06-01  Authors: fred imbert, matt clinch, scott mlyn
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European stocks rally as FTSE MIB, IBEX 35 jump on political developments

Among national indexes, Italy’s FTSE MIB bounced 1.5 percent Friday after President Sergio Mattarella approved a coalition deal for the country’s populist parties. Little-known professor Giuseppe Conte was later sworn in as prime minister. Spain’s IBEX 35 jumped 1.8 percent after Spanish Prime Minister Mariano Rajoy was ousted as leader of the country Friday. Meanwhile, Deutsche Bank’s chief executive insisted to staff that Germany’s flagship lender was financially sound Friday. His comments cam


Among national indexes, Italy’s FTSE MIB bounced 1.5 percent Friday after President Sergio Mattarella approved a coalition deal for the country’s populist parties. Little-known professor Giuseppe Conte was later sworn in as prime minister. Spain’s IBEX 35 jumped 1.8 percent after Spanish Prime Minister Mariano Rajoy was ousted as leader of the country Friday. Meanwhile, Deutsche Bank’s chief executive insisted to staff that Germany’s flagship lender was financially sound Friday. His comments cam
European stocks rally as FTSE MIB, IBEX 35 jump on political developments Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-06-01  Authors: sam meredith, ryan browne
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European stocks rally as FTSE MIB, IBEX 35 jump on political developments

The pan-European Stoxx 600 was up over 1 percent, with most sectors and major bourses in positive territory.

Among national indexes, Italy’s FTSE MIB bounced 1.5 percent Friday after President Sergio Mattarella approved a coalition deal for the country’s populist parties. Little-known professor Giuseppe Conte was later sworn in as prime minister. The euro zone’s third-largest economy, which has endured months of political uncertainty, had sent global financial markets reeling earlier in the week.

Spain’s IBEX 35 jumped 1.8 percent after Spanish Prime Minister Mariano Rajoy was ousted as leader of the country Friday. The incumbent was succeeded by Socialist Party leader Pedro Sanchez, after opposition lawmakers backed a motion of no-confidence against the incumbent.

Europe’s banking index led the gains, up 2.4 percent as Italian banks surged higher on the news that a coalition government was on course to be sworn in Friday. Banco BPM and BPER Banca were the top sectoral performers.

Meanwhile, Deutsche Bank’s chief executive insisted to staff that Germany’s flagship lender was financially sound Friday. His comments came after S&P moved to slash the bank’s credit rating to “BBB+” from “A-.” Shares of Deutsche Bank were up 3.7 percent.

Looking at individual stocks, Elior Group soared near to the top of the European benchmark Friday morning after Credit Suisse upgraded its stock recommendation to “outperform.” Shares of the French catering firm were 7.5 percent higher.


Company: cnbc, Activity: cnbc, Date: 2018-06-01  Authors: sam meredith, ryan browne
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