Page 4 - European Markets
What we have learned three days into the price cap on Russian oil
The unprecedented move by one set of countries to try to impose a price at which another can sell a commodity has drawn confusion among traders, and - from Moscow - a threat of retaliation
 "What we have learned three days into the price cap on Russian oil")
Scaling a new peak: FPIs, global cues propel Sensex past 63,000 mark
FPIs bought shares worth Rs 9,010 crore on Wednesday, according to provisional data from exchanges
 "Scaling a new peak: FPIs, global cues propel Sensex past 63,000 mark")
Reserve Bank of India, Japanese regulator hold talks on clearing houses
Dialogue on clearing houses come after CCIL derecognition by ESMA, BoE
 "Reserve Bank of India, Japanese regulator hold talks on clearing houses")
Over Rs 5,000-cr IPOs may hit mkts in Dec as investor sentiment perks up
Primary market momentum seen sustaining in an otherwise 'lacklustre' month
 "Over Rs 5,000-cr IPOs may hit mkts in Dec as investor sentiment perks up")
World's most expensive drug approved to treat hemophilia at $3.5 mn a dose
CSL Behring's Hemgenix, administered just once, cut the number of bleeding events expected over the course of a year by 54%, a key study of the therapy found
 "World's most expensive drug approved to treat hemophilia at $3.5 mn a dose")
India, EU regulators standoff over clearing houses to affect BNP to HSBC
Recent changes in European Market Infrastructure Regulation demanded that ESMA must establish cooperation arrangements with countries that has their own central counterparties
 "India, EU regulators standoff over clearing houses to affect BNP to HSBC")
Inflation struck European firms seek most emergency funds since pandemic
Firms grappling with high inflation and soaring operating costs are seeking fresh short-term liquidity lines in an echo of the worst days of the 2020 coronavirus pandemic
 "Inflation struck European firms seek most emergency funds since pandemic")
US, European shares rise on hopes Fed will slow interest rate hike pace
US and European shares rose on Monday as signs of a cooling U.S. economy raised hopes that the Federal Reserve will slow its pace of rate hikes
 "US, European shares rise on hopes Fed will slow interest rate hike pace")
European stocks head higher on UK policy turnaround; yen hits fresh low
European stock indexes opened higher on Tuesday, in a revival of risk appetite which analysts attributed to the turnaround in UK fiscal policy
 "European stocks head higher on UK policy turnaround; yen hits fresh low")
European stocks struggle for direction, sterling recovers after BoE warning
European stocks held steady in early trading on Wednesday, while sterling recovered after hitting a 13-day low
 "European stocks struggle for direction, sterling recovers after BoE warning")
European stocks fend off Fed rate hike risks, yen drops to 24-year low
The broader focus however remained squarely on the risk of rising interest rates and painfully high energy prices causing recessions
Europe gas prices jump as latest Russian cut plan stokes supply fears
European gas prices surged after Moscow's move to shut a major pipeline ramped up fears of a prolonged supply halt, leaving Germany once again guessing as to how much Russian fuel it can count on
 "Europe gas prices jump as latest Russian cut plan stokes supply fears")
Centre asks state-run firms to explore plans amid LNG supply crisis: Report
Gas supplies to India have been hit due to the ongoing Russia-Ukraine war
 "Centre asks state-run firms to explore plans amid LNG supply crisis: Report")
Europe shares mixed after Asian markets decline on tech downturn
Such worries are coming on top of concerns about inflation and what central banks might do to curb that trend. Higher interest rates tend to work as a minus for share prices.
 "Europe shares mixed after Asian markets decline on tech downturn")
Bangladesh, world's no 2 clothes exporter, sees order drop as power falters
Bangladesh's garment industry is facing a double whammy from slowing global demand and an energy crisis at home that's threatening to thwart the nation's pandemic recovery
 "Bangladesh, world's no 2 clothes exporter, sees order drop as power falters")
Uttar Pradesh govt seeks to take embassies' help to boost exports
Among the top-selling UP products are leather goods, carpets, hand woven textiles, brassware, glassware, sports goods, etc
 "Uttar Pradesh govt seeks to take embassies' help to boost exports")
Sensex, Nifty reverse early gains amid weak trends in European markets
The 30-share BSE Sensex declined by 372.46 points or 0.69 per cent to close at 53,514.15, extending its falling streak to a third day
 "Sensex, Nifty reverse early gains amid weak trends in European markets")
With Europe slowing, TCS says North America to drive its growth in FY23
The IT major indicated that clients in Europe are more cautious on tech spends given the possibility of deeper recession and ongoing conflict in Eastern Europe, leading to delays in decision making
 "With Europe slowing, TCS says North America to drive its growth in FY23")
Shipping costs soar as Russian fallout overpowers global fuel flows
The Russian invasion has exacerbated a tightening of energy markets, upending trade flows and forcing buyers to scour the world for alternative fuel supplies
 "Shipping costs soar as Russian fallout overpowers global fuel flows")
Emergency ECB meeting lifts European markets, Fed ready to go big
The euro jumped almost 0.75% to $1.0487 pushing the dollar index off a 20-year high in the process.
 "Emergency ECB meeting lifts European markets, Fed ready to go big")
