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European stocks rebound as oil, travel stocks jump By Reuters

(Reuters) - European stocks steadied on Tuesday after declining in the last session, as investors looked to the upcoming earnings season and focused on the prospect of larger U.S. stimulus under incoming president Joe Biden. The pan regional STOXX 600 index rose 0.4% by 0811 GMT, with the oil & gas and travel & leisure sectors climbing more than 1% each to...

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Short-term uptick in inflation will not overturn ECB policy, says Schnabel By Reuters

BERLIN (Reuters) - A short-term rise in inflation will not have material impact on the European Central Bank's monetary policy decisions, ECB board member Isabel Schnabel said in an interview published on Tuesday. "There are no signs at the moment that we should worry about inflation being too high," Schnabel told Austrian newspaper Der Standard. The ECB rather expected prices...

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UK Stocks-Factors to watch on Jan.12 By Reuters

Jan 12 - Britain's FTSE 100 .FTSE index is seen opening 1 point higher at 6,800 on Tuesday, according to financial bookmakers. Marks & Spencer: Marks & Spencer (MKS.L) has purchased the Jaeger brand from its administrators as part of a strategy to bolster its clothing division with new names. BP: U.S. employee political action committee at BP (BP.L) is suspending...

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Greeting cards company Moonpig plans London listing By Reuters

LONDON (Reuters) - Online greetings card company Moonpig is planning a London stock market listing, it said on Tuesday. The company, which operates in Britain as Moonpig and in the Netherlands as Greetz, is targeting net debt of two times earnings before interest, taxes, depreciation and amortisation (EBITDA), it said in a statement. Moonpig, which is backed by a slew of private...

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UK DIY retailer Kingfisher’s sales up 16.9% By Reuters

LONDON (Reuters) - Home improvement retailer Kingfisher (LON:KGF) on Tuesday reported strong trade across its markets with fourth-quarter to Jan. 9 underlying sales up 16.9%. Based on trading to date, it said it was comfortable with the top end of the range of current sell-side analyst estimates for 2020-21 adjusted profit before tax of 667 million to 742 million pounds...

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How China Won Trump’s Trade War and Got Americans to Foot the Bill By Bloomberg

(Bloomberg) -- Supply Lines is a daily newsletter that tracks Covid-19’s impact on trade. Sign up here, and subscribe to our Covid-19 podcast for the latest news and analysis on the pandemic. U.S. President Donald Trump famously tweeted that “trade wars were good, and easy to win” in 2018 as he began to impose tariffs on about $360 billion of imports from China. Turns out he...

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Canada shares lower at close of trade; S&P/TSX Composite down 0.34% By Investing.com

Investing.com – Canada equities were lower at the close on Monday, as losses in the Real Estate, REITs and Utilities sectors propelled shares lower. At the close in Toronto, the S&P/TSX Composite lost 0.34%. The biggest gainers of the session on the S&P/TSX Composite were NFI Group Inc (TSX:NFI), which rose 12.28% or 3.11 points to trade at 28.44 at the...

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Biden Gets Second Shot and Faults Mask-Rejecting Republicans By Bloomberg

(Bloomberg) -- President-elect Joe Biden received his second dose of a coronavirus vaccine on Monday -- warning that the pandemic will worsen before it improves and criticizing Republican lawmakers who refused to wear masks while hiding from a mob at the U.S. Capitol last week. Biden told reporters he was “appalled” to learn that some Republican members of Congress refused to wear masks...

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Outcast Ozil has no regrets about joining Arsenal By Reuters

(Reuters) - Arsenal midfielder Mesut Ozil has been frozen out of the team since March last year but the German playmaker said he has no regrets about joining the Premier League side. The 32-year-old, who is under contract until June and earns a reported 350,000 pounds ($473,235) per week, was not included in the club's Premier and Europa League squads for the...

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Sainsbury’s will enforce mask-wearing in stores By Reuters

LONDON (Reuters) - British supermarket group Sainsbury's said on Monday it would enforce the wearing of masks in stores with security guards who will also ensure that people shop alone, amid concern about the possibility that COVID-19 is spreading in stores. The company said in a statement it had reduced the number of customers allowed into stores at any one time as...

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