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German Business Confidence Climbs To Highest In 4 Months On Easing Recession Fears
Germany's business sentiment strengthened to a four-month high in December as the economic downturn is feared to be less severe than previously estimated, results of a closely watched survey by the ifo Institute revealed. The business climate index rose more-than-expected to 88.6 in December from 86.4 in November, data published by the Munich-based ifo Institute showed on Monday.
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Eni, Snam Ink Equal JV To Develop Ravenna Carbon Capture And Storage Project In Italy
Italian energy company Eni SpA and energy infrastructure company Snam SpA have on Monday inked an equal joint venture to jointly develop and manage Phase 1 of the Ravenna Carbon Capture and Storage (CCS) Project in Italy. The agreement also includes the implementation of studies and preparatory activities for the subsequent development phases.
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Sensex Surges 468 Points; Nifty Tops 18,400
Indian shares ended Monday's session firmly in positive territory, snapping a two-day losing streak.
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FDA Approves First Gene Therapy For High-Risk, Non-Muscle-Invasive Bladder Cancer
The U.S. Food and Drug Administration has approved Ferring Pharmaceuticals A/S's Adstiladrin (nadofaragene firadenovec-vncg) to treat high-risk, non-muscle-invasive bladder cancer. Adstiladrin is a non-replicating, i.e., cannot multiply in human cells, adenoviral vector based gene therapy indicated for the treatment of adult patients with high-risk...
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Japanese Yen Hits Multi-day High Against U.S. Dollar Before BoJ Decision
The Japanese yen touched a multi-day high against the U.S. dollar on Monday, on expectations that the Bank of Japan may consider a shift in monetary policy goals amid rising inflation pressures.
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European Shares Gain As German Business Confidence Improves
European stocks rose notably on Monday after last week's brutal selloff following hawkish signals from the Federal Reserve and the European Central Bank.
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FTSE 100 Gains Led By Energy Stocks
U.K. markets advanced on Monday as higher oil prices boosted energy stocks.
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CAC 40 Rises On China Optimism
French stocks rose notably on Monday after China's top leaders said they will focus on boosting the economy next year.
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DAX Inches Higher Ahead Of Business Confidence Data
German stocks rose on Monday after Chinese policymakers pledged to fine-tune COVID controls and boost the country's ailing property market.
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Asian Shares Retreat On Recession Worries
Asian stocks fell broadly on Monday amid lingering worries over a possible recession and uncertainty over China's economic reopening as the country battled a wave of COVID infections.
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European Economics Preview: Germany Ifo Business Confidence Data Due
Business sentiment data from Germany is the top economic news due on Monday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is set to publish Germany's producer price data for November. Producer price inflation is expected to ease to 30.6 percent from 34.5 percent in October.
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European Shares Seen Opening With Small Gains
European stocks are seen opening slightly higher on Monday despite mounting risks of a global recession.
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Sensex, Nifty See Modest Gains In Cautious Trade
Indian shares were seeing modest gains in cautious trade on Monday despite weak cues from global markets.
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