U.S. President Donald Trump attends a bilateral meeting with China's President Xi Jinping during the G20 leaders summit in Osaka, Japan, June 29, 2019.Kevin Lamarque | ReutersAnalysts are sounding a cautious tone on the outlook for European equities for the second half of this year.
Overly optimistic expectations about trade tensions and monetary stimulus coupled with Brexit and Italy's spending plans could shake European stocks, four analysts have told CNBC.
"I believe equities to be in a state of illusory stability," Francesco Filia, chief executive officer of asset management firm Fasanara Capital, told CNBC via email.
"Markets are propped up by the wrong expectations of further stimulus and a peaceful resolution to the trade spat. Both are likely going to be proven ill assumptions," he added.
US-China tensionsPresident Donald Trump gave some positive signals to market players in June, after agreeing to restart trade talks with China. At the time, he also agreed to allow..
Eva-Katalin | E+ | Getty ImagesDutch technology conglomerate Philips has acquired a small Boston-based health-tech start-up called Medumo for its health care business.
Medumo uses a combination of email and SMS to deliver instructions to patients, on behalf of its hospital customers. The company, which has fewer than 30 employees, fits into the so-called "patient engagement" trend, which involves providing tools for medical providers to stay in touch with their patients outside of the four walls of the doctor's office.
For Philips, the acquisition could present an opportunity to build a service for its pre-existing health system customers.
Philips has been on an acquisition streak for its health care portfolio, which includes a variety of products for hospitals, like medical devices, imaging systems and alarm systems to help doctors attend to the most critical patients. Several months ago, it acquired Carestream's health IT business to add to its radiology informatics busines..
‘Narrow mandate’: Europe reacts to Ursula von der Leyen’s election as Commission PresidentOpen Europe surveys European politicians' and press reactions to the European Parliament's election of Ursula von der Leyen as EU Commission President.
The post ‘Narrow mandate’: Europe reacts to Ursula von der Leyen’s election as Commission President appeared first on Open Europe.
Here are the biggest calls on Wall Street on Wednesday:
Goldman raised its price target on the stock but warned that services business growth may fall short.
"Apple App Store data from Sensor Tower suggests a material slowdown in May and June revenues after a spike in activity in March and April driven by Greater China. In revenue terms Sensor Tower indicates iOS App Store revenue growth of 14% Y/Y in June down from 18% Y/Y in May, 21% in April and 22% in March. "
Read more about this call here.
Goldman upgraded the stock based on the decision by competitor Mars to follow Hershey's lead in raising prices.
"We upgrade HSY to Neutral from Sell in light of new information. We have conﬁrmed with industry sources and HSY management that Mars has announced a 9-9.5% price increase on single-serve chocolate while also announcing that it is following Hershey's previously announced lead to raise seasonal chocolate prices for this upcoming Halloween selling season. "
EU Commissioner for Competition Margrethe Vestager addresses a press conference on two state aid cases at the European Commission in Brussels on October 4, 2017.Emmanuel Dunand | AFP | Getty ImagesEU antitrust regulators will investigate Amazon to determine if the e-commerce giant's use of merchant data breaches competition rules, the European Commission said on Wednesday.
Competition Commissioner Margrethe Vestager said the EU opened a formal investigation to see if Amazon usesdata from independent retailers who sell on the company's marketplaceto its own advantage. The investigation centers on Amazon's "dual role" as both a retailer and a marketplace, Vestager said.
"Based on the Commission's preliminary fact-finding, Amazon appears to use competitively sensitive information – about marketplace sellers, their products and transactions on the marketplace," the regulator saidin a statement.
The European Commission, the executive arm of the EU, began questioning mer..
VIDEO3:3703:37Don't want private companies to be able to create a sovereign currency: Le MaireSquawk Box EuropeFacebook's Libra project cannot be accepted without a strong set of rules, France's Finance Minister Bruno Le Maire told CNBC Wednesday.
Facebook's latest plan for a cryptocurrency — Libra — has been heavily criticized by policymakers around the world, including U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell. Speaking to CNBC ahead of a meeting of finance ministers from the seven largest world economies, Le Maire said that Libra raises questions about money laundering and terrorism financing.
"I would say this is first of all a question of sovereignty. You have states, the United States, France, Germany, Italy — all sovereign states with sovereign currencies: dollar, euro and so on and they are sticking to some very strong commitments, some very strong rules. We cannot accept a new currency having the exact same kind of p..