Banking Stock Swoon in Europe Is a Sign of Caution, Not Panic
A selloff in banking stocks is rarely comforting. But after three years of strong gains, the latest pullback in European lenders looks more like a reset than a crash.
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A selloff in banking stocks is rarely comforting. But after three years of strong gains, the latest pullback in European lenders looks more like a reset than a crash.
Europe enters winter with gas storage near 73%, down from 83% a year ago, forcing it to compete with Asia and Latin America for LNG cargoes. The post Europe’s Winter Gas Risk and the LNG Rivalry appeared first on The Rio Times.
Saudi Aramco has told European oil refiners it will provide them with all the crude they asked for in November after the kingdomโs key cross-country pipeline resumed operation following attacks, offering relief to customers whoโve been forced to find alternative supplies.
Two tankers hauling liquefied natural gas from the US diverted toward Europe in recent days as Asian demand dipped, signaling temporary relief for the tight global market before winter kicks in.
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PepsiCo Inc. entered Europeโs public bond market on Friday with a โฌ1 billion ($1.12 billion) two-part deal, a day after cutting its profit outlook on mounting costs in North America.
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At the Acropolis, Rubio told Europe to wake up and fight for power again. Latin America has already chosen sides. Why the West is ready to show its teeth. The post Rubio Wants Europe Awake. Latin America Is. appeared first on The Rio Times.
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Military and energy spending can dovetail, but governments need to recognize and support the cross-sector benefits.
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Shanti Kelemen, co-chief investment officer at 7IM, discusses the outlook for European stocks, stating that strong corporate earnings remain the market's main support. "I think the levels right now are probably close to as good as it gets. But the thing is that even though there are some sectors that are extremely high, there's other sectors that are lower and probably can pick up," Kelemen says on Bloomberg Television. (Source: Bloomberg)
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Traders are on the alert for signs of contagion in Europeโs government bond market after a selloff triggered memories of the regionโs debt crisis 15 years ago.