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Tag: expectations

Europe stocks reverse gains despite China data meeting expectations; Galapagos up 17%

Europe stocks reverse gains despite China data meeting expectations; Galapagos up 17%

Finance
European stocks erased early gains on Monday, amid worries that China's economy is slowing due to a trade war with the U.S.European Markets: FTSE, GDAXI, FCHI, IBEXThe pan-European Stoxx 600 traded 0.3% lower by mid-morning. Telecoms stocks led losses with a 0.9% decline while autos added 0.6% as one of only two sectors trading in positive territory.Traders kept a close watch on the latest economic figures out of China. The country posted second-quarter figures on Monday that showed its economy grew 6.2% in the second-quarter, at its slowest pace in 27 years. Still, China's GDP (gross domestic product) growth was in line with expectations, and data for industrial production, retail sales and fixed-asset investment came in above analyst expectations.Chinese stocks got a boost from the fresh...
Grape expectations: DNA reveals history of vintage wine

Grape expectations: DNA reveals history of vintage wine

Science
The French were probably sipping wine made from an identical grape to one used today back in medieval times.DNA from ancient grape seeds shows the grapevine behind a local vintage has been cultivated continuously for 900 years.Ancient grapes found at archaeological sites also reveal what the Romans grew in their vineyards 2,000 years ago.They may have made wines closely related to Pinot Noir and Syrah, according to scientists.It has long been suspected that some grape varieties used in modern wine are identical to plants grown hundreds of years ago. Grape vines are propagated by taking cuttings, allowing grapes behind particularly delicious wines to be passed down the ge...
Good results from U.S. offshore auction, but expectations low

Good results from U.S. offshore auction, but expectations low

Business
Aug. 16 (UPI) -- Results from a U.S. auction for drilling rights in the Gulf of Mexico showed companies are willing to spend again, but expectations were low, experts said. An auction Wednesday for rights to drill into the U.S. waters of the Gulf of Mexico secured $ 178.1 million in high bids from 29 different companies. That's an increase of 43 percent from the last lease sale in March. William Turner, a research analyst at consultant group Wood Mackenzie, said less acreage was on the auction block and the industry didn't get an incentive from lower royalty rates like they wanted so expectations were low. "However, with an increase in competitive bids and dollar amount from the last round, companies demonstrated their continued confidence in the region," he said in a research note emaile...
Trump: Low expectations for Putin talks

Trump: Low expectations for Putin talks

World
US President Trump has said he has "low expectations" for his meeting with Russia's Vladimir Putin in Finland on Monday.But he told CBS News that "nothing bad" and "maybe some good" would come out of the encounter.He also said he would raise the subject of 12 Russians indicted for alleged hacking during the 2016 US election - but "hadn't thought" about asking for their extradition.Russia denies the allegations.There are no extradition arrangements between Russia and the US.There have been calls in the US for Mr Trump to cancel his meeting with Mr Putin over the indictments, announced on Friday by US Deputy Attorney General Rod Rosenstein. Mr Trump told CBS News he "believed in meetings" and said his meetings with the North Korean...
UK's expectations of Brexit talks 'unrealistic'

UK's expectations of Brexit talks 'unrealistic'

Business
The UK is unprepared and is entering Brexit talks with "unrealistic" expectations, according to a City economist.Malcolm Barr, who works for JP Morgan, one of the world's largest banking institutions, said of the Brexit negotiations: "I'm not convinced that (the UK is) really very well prepared at all, to be perfectly blunt."He told Sky's Ian King Live programme: "I think that some of the expectations which this administration has encouraged people to have about what can be delivered through the Brexit process are a little bit unrealistic, in terms of what the whole process can deliver and how quickly we can work through and actually be delivering the things we've said we want in terms of control of migration, control of our regulatory and legal structures."The idea that we're going to be ...