February 14, 2019 / Hamza Ahsan
Market Data has been stable, with the S&P 500 and Dow closing at positive 0.30 and 0.46 percent, respectively. While the FTSE 100 followed the trend, with a 0.41 percent increase, Nikkei and Hang Seng closed at negative 0.02 and 0.23 percent, respectively.
European stock has surged, hitting a three-month high. Stoxx 600 has hit the highest level since November, helped by strong earnings. Where well-received numbers from financial and technology sectors helped lift stocks, oil prices built on the recent rally.
Crude Oil production outside OPEC+ to rise more than forecast. Oil output from non-OPEC+ producers will swell more than anticipated in 2019, led by US shale, the International Energy Agency.
Commerzbank is to pay dividends for the second time in a decade. Commerzbank on Thursday announced a dividend nearly twice as high as that of its larger German rival Deutsche Bank after full-year performance met analyst expectations but 2020 growth targets were cut significantly.
China’s Ant Financial agrees to buy WorldFirst in a $700m deal. Ant Financial has agreed to buy British payments group WorldFirst in a deal said to be worth around $700m that marks the biggest push yet by Jack Ma’s Chinese financial services giant in Europe.