Publicis [PUB.FR] +3% (sales),
Deliveroo [ROO.UK] -1% (trading update).
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Speakers
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BOE Q2 Bank Liabilities and Credit Conditions Surveys noted that lenders expected the availability of secured credit to increase over the next three months to end-May. Total funding volumes were expected to increase in the three months to end-May (Q2).
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German Fin Min Scholz reiterated stance that govt must support businesses and households until the pandemic was over. Country could afford to finance all spending that was needed and stressed that Germany would be better off compared to other countries after the crisis.
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German Leading Economic Institutes confirmed it cut its 2021 GDP growth forecast from 4.7% to 3.7% (as speculated). Raised 2022 GDP growth forecast from 2.7% to 3.9%. Cautioned that further delays in vaccine deliveries and virus mutations were the biggest downside risks.
Recipharm [RECI.B.SE] +23% (offer),
Speakers
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EU chief negotiator Barnier said to have told 27 EU envoys that UK was backtracking on fisheries; two sides remained split on state aid issue
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EU chief negotiator Barnier tweet reiterated belief that coming days were important if deal is in place on Jan 1st, 2021. Reiterated that had responsibility to give the talks every chance of success. Reiterated that key issues of Level Playing Field (LPF) and Fisheries remained
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ECB s Villeroy (France) stated that any positive economic effect from coronavirus vaccine would not be felt until the end of 2021
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ECB s Panetta (Italy) reiterated Council view that inflation to remain subdued for a protracted period; prepared to adjust all tools as necessary. Reiterated Council view that an appreciation of the Euro currency could significantly affect the region’s inflation. Says 2021 likely to be a pandemic year