European Stocks Head for Longest Winning Streak Since 2018 [BNN Bloomberg (Canada)]
SWISSCOM AG S/ADR (SCMWY)
NASDAQ:AMEX Investor Relations:
swisscom.ch/en/about/investors.html
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Source: BNN Bloomberg
The Stoxx 600 Index traded flat as of 8:30 a.m. in London, having notched a series of record highs in recent weeks. Telecom and auto shares edged higher, while among individual movers, Swisscom AG gained 2% after the Swiss operator said it has agreed to buy Vodafone Italia for €8 billion. Equity investors are trying to balance signs of robust global economic growth with uncertainty over when central banks could start cutting interest rates. While several European Central Bank rate-setters have indicated they are open to starting policy easing in June, a series of strong US data readings - including Thursday's producer inflation figures - have cast doubt on the timing of the Federal Reserve's first cut. “The main question is when will central banks start cutting rates but for that they need inflation to be more contained for longer,” said Luis Garcia, equity portfolio manager at Mapfre AM. Elsewhere, shares in Polish fashion retailer LPP plunged after Hindenburg Research took a
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News
- Legitify Partners with Scrive to Offer Electronic Notarisation Services [Yahoo! Finance]Yahoo! Finance
- Swisscom Accelerates Sustainability and Innovation with Genesys Cloud [Yahoo! Finance]Yahoo! Finance
- Swisscom: Vodafone Italy Acquisition Makes Sense [Seeking Alpha]Seeking Alpha
- Individual investors own 33% of Swisscom AG (VTX:SCMN) shares but state or government control 51% of the company [Yahoo! Finance]Yahoo! Finance
- Swisscom antitrust conditions would lead to more roadworks, executive says [Reuters]Reuters