By Reuters Staff
1 Min Read
FILE PHOTO: Bull and bear symbols for successful and bad trading are seen in front of the German stock exchange (Deutsche Boerse) in Frankfurt, Germany, February 12, 2019. REUTERS/Kai Pfaffenbach
LONDON (Reuters) - Earnings at Europe’s biggest listed companies in the first quarter of 2021 are expected to surge 83.1% from a year earlier, according to Refinitiv I/B/E/S data, as the continent’s economy recovers from the downturn caused by the first wave of the coronavirus pandemic a year ago.
The data, published on Tuesday with the first quarter earnings season in full swing, would mark the best quarter for European stocks since I/B/E/S records began nine years ago and represents a jump compared to last week’s forecast of a 71.3% jump and 61.2% a week before that.
By Reuters Staff
2 Min Read
BENGALURU, May 5 (Reuters) - Indian shares opened higher on Wednesday, led by heavyweight financials, as market participants waited for an unscheduled address by the central bank governor where more pandemic relief measures are expected to be announced.
Local media, citing sources, has reported bityl.co/6gum that banks have requested the central bank to allow another moratorium on loan repayments, or a relaxation in the recognition and provisioning for bad loans, to protect lenders and creditors during the ferocious second wave of coronavirus infections in the country.
Reserve Bank of India Governor Shaktikanta Das will give an address at 0430 GMT, the central bank said on its Twitter account, without providing any further details.
A rotation out of growth and technology stocks and a recent slide in shares of Tesla Inc are weighing on the performance of ARK Innovation , the flagship exchange-traded fund managed by star stock picker Cathie Wood that bested all other U.S. equity funds in 2020.
2 Min Read
MADRID, May 5 (Reuters) - Spanish renewable power group Opdenergy has shelved an initial public offering due to volatility among green power stocks, a source familiar with the matter said, just days before its shares were set to start trading.
The company still wants to go public in future, but has put the brakes on a deal through which it was looking to raise around 375 million euros ($450.45 million), and has not set a new date, the source said.
Opdenergy did not immediately respond to a request for comment.
Orders for the shares had been coming in slowly, the source said. They had been expected to start trading on May 7.
3 Min Read
BENGALURU, May 4 (Reuters) - Indian shares struggled to make headway on Tuesday as the country crossed the grim milestone of 20 million coronavirus cases, with losses in heavyweights Reliance and HDFC Bank limiting advances by most banks and metal stocks.
The NSE Nifty 50 index edged up 0.08% to 14,645.95 by 0459 GMT, while the benchmark S&P BSE Sensex was up 0.03% at 48,734.19. The Nifty midcap and smallcap indexes, however, gained more than 1% each.
India reported 357,229 new COVID-19 cases over the last 24 hours, taking the total tally to 20.28 million. The second wave of COVID-19 infections has overwhelmed the healthcare system and forced several states to enter lockdowns. Several states in the world’s second-most populous country have also run out of COVID-19 vaccines.