European shares bounce after worst session in two months; UMG soars in debut

© Reuters/STAFF German share price index DAX graph is pictured at the stock exchange in Frankfurt

(Reuters) – European shares rose on Tuesday after their biggest fall in two months on easing worries about the spillover from the crisis at China’s Evergrande, although gains were capped by fears major central banks could announce a tapering in stimulus.

The pan-European STOXX 600 was up 0.6% by 0704 GMT after sinking to a two-month low in the previous session.

Universal Music Group, the business behind singers such as Lady Gaga, Taylor Swift and The Weeknd, soared 38.1% in its first day of trading. The company was valued at around 33.5 billion euros ($39.30 billion) ahead of its debut.

Media, mining and energy stocks led early gains, while Germany’s DAX rebounded from its lowest level since late-July.

U.S. stock futures also bounced a day after global markets were roiled by concerns the potential default by Evergrande, the world’s biggest property developer, could hurt China’s real estate sector, as well as banks and the economy. [MKTS/GLOB]

Evergrande, struggling for cash, owes $305 billion.

Investor attention this week is also on policy meetings at a slate of central banks, including the U.S. Federal Reserve, with expectations running high for some of them to indicate they were ready to lower the pandemic-era stimulus on signs inflation was running persistently high.

Britain’s National Express jumped 7.3% after rival Stagecoach Group said it was in talks with National Express about a possible all-share merger.

Stagecoach’s shares surged 16%.

(Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Arun Koyyur)

Internet Explorer Channel Network
News Related


Family offices raise bets on startups in $418bn market

© Motivate Publishing Money The world’s ultra-wealthy are increasingly investing in startups, both directly from their family offices and through venture capital funds, according to research from SVB Capital and ... Read more »

‘Gurau' tak bertempat, polis siasat video tular lelaki gertak pukul orang awam

© Provided by Free Malaysia Today Video yang tular itu menunjukkan seorang lelaki menggertak mahu memukul orang awam ketika menggunakan eskalator. PETALING JAYA: Polis sedang menyiasat video tular ‘gurauan’ seorang ... Read more »

Ryan Gosling's children suffered during the pandemic

© The Independent Singapore © The Independent Singapore It comes as no surprise that Ryan Gosling and his wife Eva Mendes like to keep their personal life rather low-profile. The ... Read more »

Man arrested for possession of diamonds worth R1.2 million

© EPA. A cluster of polished diamonds. CAPE TOWN – Police have arrested a man for being in possession of diamonds worth R1.2 million in Worcester. On Friday, members of ... Read more »

Ronaldo snubs Messi, names who should win Ballon d'Or ‘without a doubt'

Manchester United talisman Cristiano Ronaldo doesn’t believe Lionel Messi deserves a seventh Ballon d’Or. Instead, he has named who he thinks deserves the award “without a doubt”. © Provided by ... Read more »

Silence of Sunni clerics on Shia killings in Afghanistan condemned

© IANS Silence of Sunni clerics on Shia killings in Afghanistan condemned Lucknow/Mumbai, Oct 16 (IANS) After two Shia mosques in Afghanistan were bombed in a span of one week ... Read more »

Footage filmed from cruise ship shows HUGE tornado making its way across the Med

Incredible footage filmed from a cruise ship shows a huge tornado making its way across the Mediterranean Sea. A man on a cruise was stunned to see a perfectly-formed tornado ... Read more »

British tourist held hostage in Italy freed by police after sending family coded plea for help

Italy police say man was freed on Wednesday evening (Getty Images/iStockphoto) A British man held hostage by a gang in Italy for eight days has been freed after police raided ... Read more »

Exclusive: Scorpio Sky on if Paige VanZant will wrestle in AEW

Photo credit: All Elite Wrestling (AEW) Former UFC fighter turned bare-knuckle boxer Paige VanZant has been appearing on AEW television in recent weeks, alongside Dan Lambert's America's Top Team. There's ... Read more »

Neil Critchley alludes to Blackpool future amid club praise

© Provided by Football League World Carabao Cup – First Round – Blackpool v Middlesbrough Blackpool boss Neil Critchley has made a huge impact at Bloomfield Road since arriving from ... Read more »

‘The only shining light' – Many West Brom fans react to influential display from individual v Birmingham

© Provided by Football League World Championship – West Bromwich Albion v Birmingham City A number of West Brom fans have lauded the performance of defender Conor Townsend following the ... Read more »

Galileo rejection: UK slams door in EU's face and RULES out return over security fears

Brexit Britain was kicked out of the EU’s Global Navigation Satellite System (GNSS) after cutting ties with the bloc. Civil servants and industry insiders have pushed for the Government to ... Read more »

Teachers' pension scheme: female retirees receive 28% less than men

Female teachers are typically retiring on much smaller pensions than their male counterparts, research has found, with part-time working one of the biggest factors eroding women’s retirement incomes. © Provided ... Read more »

‘MMK' celebrates 30 Years on ‘ASAP Natin ‘To'

The celebrations are unlimited as your favorite Kapamilya idols prepared more fresh world-class acts, including Angeline Quinto’s “10Q” kick-off, Darren’s King of Pop transformation, BINI’s new single performance, “Maalaala Mo ... Read more »

Webber: ‘Magician' Alonso could be ‘dangerous' in 2022

Ex-F1 driver Mark Webber feels that Fernando Alonso definitely has the racecraft to be a force once again come 2022. © PA Images Fernando Alonso Turkey track walk. October 2021. ... Read more »

Ralph Noriega grateful to GMA-7 for allowing him to be part of online series

© Provided by Kahit marami na ring nagawang Kapuso shows, hindi nagdalawang-isip si Ralph Noriega na maging support sa YouTube series na Laro Tayo, Taguan Ng Feelings, na pinagbibidahan ... Read more »

Sale boss hails ‘star in the making' Raffi Quirke

Sale Sharks director of rugby Alex Sanderson believes that rising star Raffi Quirke deserves to be named in the England squad next week. © PA Images Wasps v Sale Sharks ... Read more »

Opinion: Hip-hop culture has been misunderstood - it's not about misogyny or glorifying crime

© Al Higgins Tobi Omoteso HIP-HOP CULTURE has often been misunderstood and misrepresented with negative connotations, with mainstream media pushing a narrative that doesn’t hold true to the origins of ... Read more »

Neville names three clubs Salah could join if he leaves Liverpool

Gary Neville has named three clubs Liverpool striker Mohamed Salah could join if he ends his stay with the Premier League side. According to the former Manchester United defender, the Egyptian ... Read more »

Barely Driven LaFerrari In One-Off Color Will Be Up For Auction

Ferrari LaFerrari in Special Order One-Off Color One of the 499 LaFerraris ever built is up for auction, and it’s the only one that comes in Vinaccia paint color. Ferrari ... Read more »

Kongsberg: Sicherheitsdienst hielt Bogenschützen für ungefährlich

© Keystone/NTB/AP/Terje Bendiksby Nach der Gewalttat mit fünf Toten im norwegischen Kongsberg gerät der Sicherheitsdienst der Polizei PST immer mehr unter Druck. Die Behörde hatte bereits im Jahr 2015 Tipps ... Read more »

Abu Dhabi Ports Group's first half revenue surges 21% in 2021

© Courtesy Abu Dhabi Ports A ship is offloaded at Khalifa Port in Kizad, Abu Dhabi. Abu Dhabi Ports also leased around 2.4 million square metres of land during the ... Read more »

Anu Malik reveals how Asha Bhosale give him his name

© IANS Anu Malik reveals how Asha Bhosale give him his name. Mumbai, Oct 16 (IANS) The weekend episode of ‘Zee Comedy Show’ will see musician and singer Anu Malik ... Read more »

Manny Pacquiao denies vote-buying, premature campaigning in Batangas

© Provided by Manny Pacquiao denies vote-buying in Batangas after the presidential aspirant handed out cash and relief goods to Taal Volcano eruption victims on Thursday, October 14, 2021. ... Read more »

Makabayan solons file resolution to honor legacy of late CHR chairman Gascon

© Noel Celis/AFP Commission on Human Rights (CHR) chairman Jose Luis Gascon gestures as he answers questions during a human rights summit in Manila on November 24, 2017. Noel Celis/AFP ... Read more »

Eleazar to NCR cops: Strictly implement health protocols as alert level lowered

PNP chief Police General Guillermo Eleazar Philippine National Police (PNP) chief Police General Guillermo Eleazar ordered all cops from the National Capital Region Police Office (NCRPO) to remain alert and ... Read more »

Conor McGregor and Dee Devlin mobbed by sea of fans on Rome trip

© Provided by Conor McGregor and Dee Devlin were engulfed in a crowd of fans while out shopping in Rome during their luxurious Italy trip. The ‘Notorious’ MMA was ... Read more »

Youssouf Mulumbu sends two-word message following West Brom's victory over Birmingham

© Provided by Football League World AFC Bournemouth v West Bromwich Albion – Capital One Cup Fourth Round It may not have been pretty, but West Bromwich Albion got back ... Read more »

'We did our job, nothing more': The archivists who proved 1961 Paris massacre of Algerians

© AFP / File picture Philippe Grand, a former chief conservator at the Paris archives, was the first person to reveal evidence of the October 17, 1961 massacre of Algerians ... Read more »

Appeal after man tries to strangle woman in east London park

© Met Police e-fit.jpg Police have issued an appeal after a man attempted to strangle a woman in an east London park. The woman, aged in her 20s, was sitting ... Read more »

Big prize in Ireland as €220million EuroMillions jackpot finally won

© Provided by A big prize is due to one Irish EuroMillions players as it was revealed that the €220million jackpot was won on Friday night. Unfortunately, the big ... Read more »

Bielsa must ruthlessly axe £35k-p/w Leeds disaster today, he's been shocking for weeks - opinion

© Provided by Football FanCast Stuart Dallas celebrates (2) With the international break now over, Leeds United manager Marcelo Bielsa will be hoping to continue the momentum that his team ... Read more »

Students shut themselves in as Norway bow-and-arrow attacker struck

People lay down flowers and light candles after a deadly attack, in Kongsberg By Victoria Klesty KONGSBERG, Norway (Reuters) – A student described how he and his friends shut themselves ... Read more »

Australia: Police seize largest heroin shipment ever detected in country

© Provided by Khaleej Times Australia: Police seize largest heroin shipment ever detected in country Australian police said on Saturday they seized the largest heroin shipment ever detected in the ... Read more »

Datuk, dua penjawat awam antara 83 dikompaun di pusat hiburan

© Provided by Sinar Harian JOHOR BAHRU – Ahli perniagaan bergelar Datuk antara 83 individu yang dikompaun polis menerusi serbuan di tiga pusat hiburan berasingan sekitar bandar raya ini, pada ... Read more »

US: Bill Clinton 'doing fine', will be out of hospital soon says Biden

© Provided by Khaleej Times US: Bill Clinton ‘doing fine’, will be out of hospital soon says Biden Bill Clinton is doing fine and will be released soon from a ... Read more »

Dana RM63.32 juta untuk Program Kebuniti

© Provided by Sinar Harian SHAH ALAM – Kerajaan setakat ini telah memperuntukkan sebanyak RM63.32 juta kepada Kementerian Pertanian dan Industri Makanan (MAFI) bagi menjayakan Program Kebun Komuniti (Kebuniti) di ... Read more »

Sir David Amess knifed to death in terror attack as cops and Mi5 probe whether suspect inspired by Islamic extremism

TORY MP Sir David Amess was knifed to death in a terror attack, cops have confirmed. A 25-year-old man was held by armed cops after Sir David, 69, was stabbed ... Read more »

World Food Day 2021: 5 Easy Foods to Get Glowing And Blemish-Free Skin

© KS Swati | Lifestyle Staff World Food Day 2021: 5 Easy Foods to Get Glowing And Blemish-Free Skin. Picture Credits: Unsplash World Food Day is celebrated to remind ... Read more »

Georgia Wareham and Sophie Molinuex combine to set up Melbourne Renegades

© Getty Images Georgia Wareham played a big part in victory © Getty Images Melbourne Renegades 4 for 125 beat Hobart Hurricanes 121 (Wareham 3-13) by six wickets Melbourne Renegades’ ... Read more »