When is Google's stock split? Alphabet, the parent company of Google, will make the 1:20 split on July 15…
Insurers push EU equities higher after Hurricane Irma downgrade
On Monday, European equities rallied in early deals, underpinned by insurers because the downgrade of Hurricane Irma in America lifted expectations that costs for the industry might be lower than initially anticipated.
Europe's insurance index turned to be the leading sectoral gainer, soaring 1.6% after the estimated insured drop in America resulting from Irma was reduced to $20-40 billion.
Among leading gainers in the sector one should mention German reinsurers Hannover Re as well as Munich Re, tacking on respectively 5% and 3.5%. Their revenues contributed to a broad-based soar, helping the pan-European STOXX 600 to gain 0.6%.
The top loser in Europe was Danish pharmaceuticals company Lundbeck. It went down 11% following the resignation of CEO Kåre Schultz.
Additionally, British heavyweight AstraZeneca rallied 3.1% after two of its drugs fighting lung cancer demonstrated impressive clinical results on Saturday.
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.