01 July

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Rising Delta virus, absent Brits dampen Europe’s tourism hopes By Reuters

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By Catarina Demony and Sarah Young LISBON/LONDON (Reuters) - While not a complete wash-out, the summer tourism season vital to southern Europe's economies will be less than sizzling as the Delta coronavirus spreads and travel hurdles keep British and other sun-seekers at home. A European Union COVID-19 travel certificate launched on Thursday may help some make trips but arrivals to tourist hotspots from Portugal to Croatia are set to remain well down on normal levels, putting businesses and hospitality jobs at risk. "The recovery of tourism in Portugal has come to a halt," Raul Martins,...

01 July

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Sweden’s Lofven is given next shot at forming a new government By Reuters

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By Johan Ahlander and Simon Johnson STOCKHOLM (Reuters) -Sweden's caretaker Prime Minister Stefan Lofven was handed the task of forming a new government on Thursday after the country's right-wing opposition leader said he had failed to secure enough parliamentary votes to become premier himself. Social Democrat Lofven's fragile centre-left minority government collapsed this month after the Left Party withdrew its support over plans to ease some rent controls on housing, ushering in a no-confidence vote in parliament. Parliamentary Speaker Andreas Norlen invited him to form a new administration hours after opposition leader Ulf Kristersson abandoned his...

01 July

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Micron, CureVac Fall Premarket; Walgreens Rises By Investing.com

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By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Thursday, July 1st. Please refresh for updates. CureVac (NASDAQ:CVAC) stock fell 13% after the German drugmaker said final test data showed its experimental vaccine against Covid-19 was only 48% effective in preventing the disease, a much lower percentage than the rival drugs. Walgreens Boots (NASDAQ:WBA) stock rose 1.7% after the pharmacy chain raised its 2021 adjusted profit growth forecast, buoyed by strength in drug sales and Covid-19 vaccine administrations. Micron (NASDAQ:MU) stock fell 1.7% after the chipmaker warned...

01 July

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UK lawmaker writes to competition watchdog over Morrisons bid By Reuters

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LONDON (Reuters) - The head of Britain's business select committee in parliament has written to the competition watchdog to voice concern that regulatory bodies lack the power to intervene when new owners act irresponsibly, in light of the bid for Morrisons. Morrisons - Britain's fourth largest grocer - this month rejected a proposed 5.52 billion pound ($7.6 billion) cash offer from private equity group Clayton, Dubilier & Rice (CD&R). Rival Asda was also recently taken private. "There is concern that regulatory bodies have insufficient oversight or powers to intervene when new owners act irresponsibly," he...

01 July

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Britain working with EU countries as momentum grows for wider travel reopening By Reuters

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LONDON (Reuters) - Britain is working with countries across the European Union to encourage them to accept its fully vaccinated travellers, its business minister said on Thursday, as momentum builds for a fuller reopening of travel from the United Kingdom. Throughout May and June Britain has only permitted very limited quarantine-free travel, but the government has said that it will set out details this month of plans to allow fully vaccinated people avoid self-isolation on return from top destinations like Spain and France. That rule change will come in by July 26, the first full...

01 July

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Swedish caretaker PM Lofven handed chance to form new government By Reuters

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STOCKHOLM (Reuters) - Swedish caretaker Prime Minister has been handed the next attempt at forming a new government, the speaker of parliament said on Thursday, with a vote in Riksdag potentially taking place next week. "I have this morning spoken on the phone with Prime Minister Stefan Lofven and given him the task of sounding out the possibilities for a new government," Parliament Speaker Andreas Norlen told a news conference. Earlier on Thursday Swedish right-wing Prime Minister candidate Ulf Kristersson said he was abandoning his attempt to form a government in the wake of Lofven's...

01 July

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Analysis: Ghosts of crises past haunt policymakers and markets By Reuters

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By Dhara Ranasinghe and Sujata Rao LONDON (Reuters) - A hawkish turn by the Federal Reserve has woken up world markets to the prospect that policymakers might soon start withdrawing monetary and fiscal stimulus -- and the risk of too-hasty action that could choke off the economic recovery before it is secured. Fed officials have brought forward expectations for U.S. interest rate rises to 2023 from 2024 and opened talks on how to end crisis-era bond buying. Norway could lift rates as early as September, while strong New Zealand data has prompted economists to bring forward...

01 July

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Pope, Lebanon Christian heads begin summit on country’s crisis By Reuters

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By Philip Pullella VATICAN CITY (Reuters) - Pope Francis and Lebanon's Christian leaders began a summit on Thursday to discuss how religion can help the country overcome its worst crisis since its civil war ended in 1990. Francis and the patriarchs of Lebanon's various Christian groups walked from the Santa Marta residence where he lives into St. Peter's Basilica. The pope, dressed in his white cassock, and the leaders, dressed in black, lit candles and prayed before the tomb of St. Peter under the basilica's main altar. The Maronite, Greek Orthodox, Armenian, Syrian Orthodox and...

01 July

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U.S. Futures Mixed; Oil Higher on OPEC Proposal Report; Jobless Claims Eyed By Investing.com

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By Peter Nurse Investing.com - U.S. stocks are seen opening mixed Thursday, consolidating near record levels at the start of the second half of the year and ahead of the release of weekly jobless claims data. Impulses were also coming from the oil market, where crude pushed higher in response to the latest newswire reports suggesting that OPEC and its allies will approve only a gradual increase in supply over the rest of the year. At 7:05 AM ET (1105 GMT), the Dow Futures contract was up 15 points, or 0.1%, S&P 500 Futures traded largely...

01 July

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BoE sees no evidence yet to support climate capital charges on banks By Reuters

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LONDON (Reuters) - The Bank of England does not have evidence yet to force banks to hold more capital to cover risks from climate change, its Deputy Governor Sam Woods said on Thursday. Woods said that over time he expects the price banks charge polluting industries for loans will go up to reflect the risks from climate change. "When we look around today we can try and find evience of those risks being factored into prices ...

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News

Rising Delta virus, absent Brits dampen Europe’s tourism hopes By Reuters

Sweden’s Lofven is given next shot at forming a new government By Reuters

Micron, CureVac Fall Premarket; Walgreens Rises By Investing.com

UK lawmaker writes to competition watchdog over Morrisons bid By Reuters

Britain working with EU countries as momentum grows for wider travel reopening By Reuters

Swedish caretaker PM Lofven handed chance to form new government By Reuters

Analysis: Ghosts of crises past haunt policymakers and markets By Reuters

Pope, Lebanon Christian heads begin summit on country’s crisis By Reuters

U.S. Futures Mixed; Oil Higher on OPEC Proposal Report; Jobless Claims Eyed By Investing.com

BoE sees no evidence yet to support climate capital charges on banks By Reuters

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