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EUROPE EDITION
 
THURSDAY, AUGUST 4, 2022

 


PROMOTION
LIVECHAT - REUTERS GLOBAL MARKETS FORUM
Mark Haefele, chief investment officer, UBS Global Wealth Management, speaks on global inflation, policy and markets outlook. To join this discussion at 1330 GMT, click here



MARKET VIEW
Euro STOXX 50 futures were up 6 points at 3,735.0, FTSE futures added 8.5 points to 7,399.5, and German DAX futures were higher 47 points at 13,625.0, by 0430 GMT.

Asian stocks rose, taking cues from a strong rally on Wall Street after robust economic data and upbeat corporate guidance boosted investor appetite.

Oil prices rose as supply concerns triggered a rebound from multi-month lows plumbed in the previous session after U.S. data signalled weak fuel demand.



MARKET SNAPSHOT AS OF 0430 GMT
S&P 500 Index Mini Futures: 4,153.00; down 0.08%; 3.25 points
DJIA Mini Futures: 32,764.00; down 0.02%; 6 points
Nikkei: 27,902.26; up 0.58%; 160.36 points
MSCI Asia, Ex-JP: 520.81; up 0.51%; 2.63 points
EUR/USD: $1.0164; down 0.01%; 0.0001 point
GBP/USD: $1.2155; up 0.08%; 0.0010 point
USD/JPY: 133.70 yen; down 0.13%; 0.18 point
Spot Gold: $1,770.96; up 0.34%; $6.06
U.S. Crude: $90.89; up 0.25%; $0.23
Brent Crude: $96.91; up 0.13%; $0.13
10-Yr U.S. Treasury Yield: 2.7155%; down 0.031 point
10-Yr Bund Yield: 0.8675%; up 0.006 point



GLOBAL TOP NEWS
The Bank of England is expected to raise interest rates by the most since 1995, even as the risks of a recession mount, in an attempt to stop a surge in inflation from becoming embedded in Britain's economy.

Federal Reserve officials voiced their determination again on Wednesday to rein in high inflation, although one noted a half-percentage-point hike in the U.S. central bank's key interest rate next month might be enough to march toward that goal.

Suspected drones flew over outlying Taiwanese islands and hackers attacked its defence ministry website, authorities in Taipei said, a day after a visit by U.S. House of Representatives Speaker Nancy Pelosi that outraged China.



EUROPEAN COMPANY NEWS
Gazprom will receive 50% of a new Russian entity replacing the Sakhalin Energy liquefied natural gas (LNG) project, Russian news agencies reported on Wednesday, citing a government decree.

Telecom Italia (TIM) has trimmed its expected profit drop for 2022 to lift its outlook on the back of its second-quarter results, helped by cost cutting and the contribution from the company's Brazilian subsidiary.

Airbus has revoked its entire outstanding order from Qatar Airways for A350 jets, severing all new jetliner business with the Gulf carrier in a dramatic new twist to a dispute clouding World Cup preparations, two industry sources said.



TODAY'S COMPANY ANNOUNCEMENTS
Adecco Group AG Q2 2022 Earnings Call
Adidas AG HY 2022 Earnings Release
Bayer AG Q2 2022 Earnings Release
Beiersdorf AG HY 2022 Earnings Release
ConvaTec Group PLC HY 2022 Earnings Release
Credit Agricole SA HY 2022 Earnings Call
Deutsche Lufthansa AG Q2 2022 Earnings Release
Glencore PLC HY 2022 Earnings Release
Hikma Pharmaceuticals PLC HY 2022 Earnings Call
Informa PLC HY 2022 Earnings Release
ING Groep NV Q2 2022 Earnings Call
Investec PLC Annual Shareholders Meeting
Lanxess AG Q2 2022 Earnings Call
Meggitt PLC HY 2022 Earnings Release
Merck KGaA Q2 2022 Earnings Call
Rolls-Royce Holdings PLC HY 2022 Earnings Release
SES SA Q2 2022 Earnings Call
Swisscom AG Q2 2022 Earnings Release
Tenaris SA Q2 2022 Earnings Call
Telecom Italia SpA Q2 2022 Earnings Release
Tritax Big Box Reit PLC HY 2022 Earnings Call
United Internet AG Q2 2022 Earnings Call
VAT Group AG HY 2022 Earnings Call
voestalpine AG Q1 2023 Earnings Release
Zalando SE Q2 2022 Earnings Release



ECONOMIC EVENTS (All times GMT)
0600 Germany Industrial Orders mm for June: Expected -0.8%; Prior 0.1%
0600 Germany Manufacturing O/P Current Price SA for June: Prior 8.8%
0600 Germany Consumer Goods SA for June: Prior 135.2
0730 Euro Zone S&P Global Construction PMI for July: Prior 47.0
0730 Germany S&P Global Construction PMI for July: Prior 45.9
0730 France S&P Global Construction PMI for July: Prior 46.4
0730 Italy S&P Global Construction PMI for July: Prior 50.4
0830 United Kingdom All-Sector PMI for July: Prior 53.6
0830 United Kingdom S&P Global/CIPS Construction PMI for July: Expected 52.0; Prior 52.6
1100 United Kingdom BOE MPC Vote Hike for August: Expected 9; Prior 9
1100 United Kingdom BOE MPC Vote Unchanged for August: Expected 0; Prior 0
1100 United Kingdom BOE MPC Vote Cut for August: Expected 0; Prior 0
1100 United Kingdom BOE Bank Rate for August: Expected 1.75%; Prior 1.25%



DEBT AUCTIONS
France - Reopening of 10-year and 12-year government debt auctions.
Spain - Reopening of 4-year, 7-year, 10-year and 11-year government debt auctions.


PICTURE OF THE DAY
Raccoons are seen inside an enclosure at a local zoo in the course of Ukraine-Russia conflict in the Russian-controlled city of Melitopol in the Zaporizhzhia region, Ukraine, August 3. REUTERS/Alexander Ermochenko
 
 
 
 
 
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