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European shares dip as investors eye PMI data, ECB meeting

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European shares dip as investors eye PMI data, ECB meeting. (Reuters) - European shares dipped slightly on Monday after striking a record closing high in the previous session, as investors paused before launching into a week packed with economic data and the European Central Bank's first policy meeting of the year. German shares .DAX lost 0.2%, as data showed producer prices in the euro zone's biggest economy fell 0.2% year-on-year in December 2019, compared with a 2.7% gain a year earlier. Investors are now awaiting readings of the Purchasing Manager's Index from Germany, France and the euro zone on Friday, and the ECB's monetary policy meeting on Thursday, where it is expected to keep the deposit rate unchanged at -0.50%.

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Ready, steady, review: Five questions for the ECB

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LONDON (Reuters) - The European Central Bank's first meeting of the year is set to bring the formal launch of a strategy review, most likely including a rethink of an inflation goal the bank has failed to meet since 2013. The scope and scale of the review is likely to be discussed and is a key focus for markets given the far-reaching implications for monetary policy. The first review of ECB policy since 2003 could be formally launched on Thursday, with the structure, timeline and agenda, as well as a process that could last all year likely to be debated. ECB chief Christine Lagarde says a key focus will be to determine whether the objective of keeping inflation near but below 2% remains valid, given changes in the global economy.

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ECB preview: It’s all about the strategy – ING

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ECB preview: It’s all about the strategy – ING By Haresh Menghani | January 20, 2020 08:26 GMT. According to Carsten Brzeski, Chief Economist at ING Germany, this week's European Central Bank meeting should be rather uneventful regarding monetary policy but the official start of the strategy review should be the highlight. Now, with all changes in the ECB’s Executive Board behind us, it is time to set out some parameters like, for example, scope and timing of the review. “In this regard, decisions to include external parties, be it academics, politicians, ‘ordinary people’ or other interest groups would have a clear impact on the length of the process, making the deadline of end-2020 more ambitious than it currently sounds.

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Tencent says to step up investment overseas and in smart retail

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Tencent says to step up investment overseas and in smart retail. BEIJING (Reuters) - Chinese tech giant Tencent Holdings said it will step up its investment overseas and in industries such as "smart retail", having already invested in more than 800 companies. Those firms include 70 listed companies and over 160 are valued at more than $1 billion, according a speech made by Tencent President Martin Lau at a conference last week which the company posted on its social media account on Monday. Tencent is known to have stakes in firms such as food delivery giant Meituan Dianping, e-commerce site Pinduoduo and video game companies such as Riot Games and Supercell. But the company, worth $490 billion and the second-biggest company in Asia by market value after arch-rival Alibaba Group Holdings, rarely gives an overview or discloses details of its investment activities.

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Guoxuan says in talks with Volkswagen, hasn't reached binding agreement

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U.S. Guoxuan says in talks with Volkswagen, hasn't reached binding agreement. FILE PHOTO: A Volkswagen electric ID car is seen during a construction completion event of SAIC Volkswagen MEB electric vehicle plant in Shanghai, China November 8, 2019. (Reuters) - Guoxuan High-Tech Co Ltd (002074.SZ) is in talks with Volkswagen AG (VOWG_p.DE) for potential strategic cooperation in technology, product, and capital, the Chinese battery maker wrote in a company filing on Monday. Guoxuan added it has not reached a legally binding agreement with the German automaker regarding the terms and conditions of its cooperation.

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Anglo American to buy fertilizer maker Sirius Minerals

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Anglo American to buy fertilizer maker Sirius Minerals. 20 January 2020, 07:29 UTC. (Reuters) - Anglo American <AAL.L> said on Monday it agreed to buy Sirius Minerals <SXX.L> for 404.9 million pounds ($526.2 million) in cash, marking the global miner's return to fertilizer. Sirius shareholders will receive 5.50 pence per share in cash, a 34.1% premium to the closing price on Jan. 7, the day before Anglo American said it was in talks to buy the fertilizer company. What to read next.

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British shares flat; Fevertree, Intu underperform

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Visit our Privacy Policy to learn more or manage your personal preferences in our Cookie Consent Tool. (Reuters) - UK shares were largely unchanged on Monday, with trading volumes thin due to a U.S. holiday, while premium tonic water maker Fevertree and mall operator Intu Properties tumbled among smaller stocks. The FTSE 100 .FTSE and the FTSE 250 .FTMC were flat by 0806 GMT. However, oil heavyweights Shell (RDSa.L) and BP (BP.L) advanced as crude prices hit their highest in more than a week after two Libyan production bases began shutting down amid a military blockade. Still, Fevertree (FEVR.L) sank 19% and was on track for its worst day ever after it warned its annual revenue growth would be below its expectations, hurt by subdued trading over Christmas.

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LONDON MARKET OPEN: BAE Rises On US Buys; Fevertree Sinks On UK Sales

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Mongolian oil producer Petro Matad seeks Exploitation Licence to commercialise Heron fieldView Video. LONDON MARKET OPEN: BAE Rises On US Buys; Fevertree Sinks On UK Sales. (Alliance News) - Stock prices in London opened mixed on Monday with trading volumes light with US markets closed for a holiday, as investors cheered two acquisitions by BAE Systems but sold Fevertree Drinks after a profit warning. The mid-cap FTSE 250 was up 24.55 points, or 0.1% at 21,910.63, but the AIM All-Share was down 5.49 points, or 0.5% at 969.36.

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Bellway (LON:BWY) Stock Rating Upgraded by Peel Hunt – Tech Know Bits

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Canaccord Genuity raised their price target on shares of Bellway from GBX 3,590 ($47.22) to GBX 4,260 ($56.04) and gave the stock a buy rating in a research report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Bellway currently has an average rating of Buy and an average price target of GBX 3,947.67 ($51.93). The shares were purchased at an average cost of GBX 3,157 ($41.53) per share, for a total transaction of £68,443.76 ($90,033.89).

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Japan’s Mitsubishi Electric targeted in cyberattack blamed on Chinese hackers

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Mitsubishi Electric Corp. said on Monday that no sensitive information had been compromised when it was targeted in a massive cyberattack. Japan’s Mitsubishi Electric targeted in cyberattack blamed on Chinese hackers. Mitsubishi Electric, a major defence and electronics firm in Japan, said no sensitive information had been compromised. The cyberattack means Japanese companies are likely to redouble efforts to protect their private data.

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Circassia Pharmaceuticals (LON:CIR) Rating Reiterated by FinnCap – Tech Know Bits

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Peel Hunt restated a buy rating and set a GBX 70 ($0.92) price objective on shares of Circassia Pharmaceuticals in a report on Tuesday, October 15th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Circassia Pharmaceuticals has a 12-month low of GBX 13.25 ($0.17) and a 12-month high of GBX 52.90 ($0.70). The company’s fifty day simple moving average is GBX 20.68 and its 200 day simple moving average is GBX 18.69.

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Global Land Planning and Development Market by Robust Players Barratt, Persimmon, Crest Nicholson, Miller – Fusion Science Academy

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A number of vital factors including rising Land Planning and Development demand, product awareness, industrialization in the developed regions, increasing disposable incomes, population hike, market stability, and adequate financial sources are adding substantial progress to the industry. The report also examines their business strategies such as mergers, ventures, amalgamations, acquisitions, as well as product launches, and brand promotions that aid market players in expanding their global presence and setting new challenges in the industry. Subsequently, the study revolves around the global Land Planning and Development industry environment incorporating pivotal elements such as provincial market regulations, stringent trade frameworks, market entry barriers, as well as the political, social, atmospheric, and financial context that could potentially affect market growth momentum in a negative manner. The market report envelopes an all-in information of the global Electronic Shelf Label System market and the nature of the market growth over the foreseeable period.The report provides a detailed overview of the industry including both qualitative and quantitative information.It also provides market size and forecast estimates from year 2020 to 2024 with respect to major regions.As per the world economic growth rate of the past four years, market size is estimated from xxx million $ in 2016 to xxx million $ in 2019.

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JPMorgan Chase & Co. Reiterates “€5.55” Price Target for Banco Bilbao Vizcaya Argentaria (BME:BBVA) – Riverton Roll

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Credit Suisse Group set a €4.20 ($4.88) target price on shares of Banco Bilbao Vizcaya Argentaria and gave the stock a sell rating in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. Banco Bilbao Vizcaya Argentaria presently has an average rating of Hold and a consensus target price of €5.39 ($6.27). Banco Bilbao Vizcaya Argentaria has a one year low of €6.51 ($7.57) and a one year high of €7.93 ($9.22).

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Smart Tires Market Outlook 2019

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In 2019, the market size of Smart Tires is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in Global, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period. The latest report up for sale by Market Research Place with the title Global Smart Tires market Size, share, Analysis, Forecast and Revenue 2019-2025 contains data that has been analyzed in an orderly manner, presenting detailed and completely broke down data about the Smart Tires market. The report offers authentic estimates of market size, market segmentation, share, value chain, trade scenario, demand, production, sales, revenue, and forecast scenario for 2019 to 2025 years. Each geographic segment of the Smart Tires market has been independently surveyed along with pricing, distribution and demand data for geographic market notably: North America (United States, Canada, Mexico), Europe (Germany, France, UK, Italy, Russia), Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia, Philippines, Vietnam), Central & South America (Brazil), Middle East & Africa (Turkey, GCC Countries, Egypt, South Africa).

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IQE (LON:IQE) Cut to “Equal weight” at Barclays – Riverton Roll

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IQE has been the topic of a number of other research reports. Deutsche Bank lowered their price target on IQE from GBX 64 ($0.84) to GBX 50 ($0.66) and set a hold rating on the stock in a research report on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. IQE has a 52-week low of GBX 40.86 ($0.54) and a 52-week high of GBX 99.60 ($1.31).

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American Express holds off launching Pay with Bank Transfer service in Australia

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It was launched in the United Kingdom under the country's implementation of Open Banking in the last three months of 2019. However, in its submission, Amex said given that fintech firms only have "read-only" access to transactional data, unlike incumbents that have access to payments infrastructure and capabilities, fintechs would be "hamstrung as their value propositions will be diluted by comparison". Amex has proposed for access to payments initiation to be opened so all banking institutions -- large or small -- are able to offer "full service" products and apps. "The CDR should be a secure framework, with accessible protections for consumers and clear allocation of liability – steps should be taken to ensure consumers feel confident in using CDR through a public awareness campaign," it said. "The way the NPP is currently structured favours the major banks which risks lack of investment from smaller players and non-ADIs [authorised deposit-taking institutions]. This challenge needs to be considered by the Reserve Bank of Australia to ensure competition and to avoid conflicts of interest," Amex stated.

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BOJ Expected to Stand Pat, Raise Growth Forecast: Decision Guide

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BOJ Expected to Stand Pat, Raise Growth Forecast: Decision Guide. The bank is expected to raise its economic growth projection for the first time in a year, buoyed by a $120 billion stimulus package unveiled last month by Prime Minister Shinzo Abe. Even with a better growth outlook, Governor Haruhiko Kuroda is widely expected to signal he’s still leaning toward more easing. It’s also too early for the BOJ to judge the economic impact of a sales tax hike in October that likely pushed the economy into reverse in the last three months of 2019. That’s because a faster growth projection that far out would suggest the bank now expects the economy to expand at a pace well above its potential, a factor that would boost inflation.With improved growth prospects, there’s a good chance the BOJ will leave its price forecasts untouched for the first time in two years, another factor suggesting no need for additional easing action.When Abe last introduced stimulus, in 2016, the BOJ devoted an entire paragraph of its policy statement to discussing the package’s potential synergistic effects.

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Raymond James Trust N.A. Cuts Stake in Martin Marietta Materials, Inc. (NYSE:MLM) – Riverton Roll

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CSat Investment Advisory L.P. now owns 187 shares of the construction company’s stock valued at $43,000 after purchasing an additional 67 shares during the last quarter. SunTrust Banks lifted their price objective on Martin Marietta Materials from $285.00 to $295.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. In related news, Director John J. Koraleski purchased 1,000 shares of Martin Marietta Materials stock in a transaction that occurred on Monday, November 25th. Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy building materials to the construction industry in the United States and internationally.

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