Before the Bell: Boris heads to Brussels December 9, 2020 After a negative start to the week on Monday, markets in Europe trod water yesterday, awaiting the next developments as we head towards the final denouement of the saga of the EU/UK trade talks, while the first day of the vaccine rollout in the UK also drew a lot of attention. “Ordinarily an event such [...]
The Week Ahead: Brexit, ECB rates, Rolls Royce, Ocado and Airbnb IPO December 7, 2020 City A.M. takes a look ahead at the main events shaping the markets this coming week, analysing what is to come with City insider Michael Hewson, chief market analyst at CMC Markets UK. Monday: Ted Baker When Ted Baker announced in June it was looking to raise over £100m at a discounted price of 75p [...]
EU will launch €750bn Recovery Fund regardless of vetoes if necessary: EC December 4, 2020 The European Union will push on with its €1.8trn financial package to revive the bloc’s Covid-hit economy even if Hungary and Poland continue to try to veto the project, Economics Commissioner Paolo Gentiloni said earlier today. Budapest and Warsaw have vetoed the adoption of the €1.1trn 2021-2027 EU budget and the €750bn Recovery Fund because [...]
EU budget rules need adjustment but no debt cancellation: European Commissioner November 29, 2020 European Union budget rules need to be more consistent with expected higher levels of sovereign debt, the bloc’s economics commissioner said, but dismissed calls to cancel debt amassed during the coronavirus crisis. The idea of debt cancellation has been raised by Italy’s co-ruling 5-Star Movement, backing a proposal by EU Parliament President David Sassoli. “In [...]
European Commission falling short on competition oversight November 19, 2020 The European Commission is falling short on its competition oversight obligations, and due to limited resources its capacity to monitor markets and detect antitrust cases are limited. The European Commission has not fully addressed complex new enforcement challenges in digital markets, the ever-increasing amount of data to be analysed or the limitations of existing enforcement [...]