The financial sector was the biggest boost to the benchmark index due to gains in China-exposed firms such as HSBC and insurer Prudential Plc, while luxury giants such as LVMH and Richemont which also have exposure to China, gained between 0.6% and 1.2%.
Walgreens CEO Rosalind Brewer - who was given a $24.7 million signing bonus when she took on the job in February 2021 - told investors in a conference call: 'We have seen changing market trends that have consumers prioritizing value in response to a more uncertain and challenging economic environment.'
Siemens Energy rose 2.3% recovering some losses after Goldman Sachs analysts kept a "buy" rating on the stock and said the massive sell-off following the disclosure of problems at its wind turbine division was overblown.
"What we've seen today is probably people pricing in that the war in Ukraine could end a little bit sooner and so a lot of the defense companies have fallen," said Shanti Kelemen, chief investment officer at M&G Wealth and &me.
A spokesman for Walgreens said: 'As we move forward on our strategy to expand Walgreens role as a leader in the delivery of local healthcare, we're focused on creating the right network of stores in the right locations to best meet the needs of the communities we serve.
June 27 (Reuters) - European shares rose on Tuesday supported by financials and luxury stocks as investors bet on further policy stimulus from China, while hawkish comments from European Central Bank President Christine Lagarde limited gains.
Energy stocks were up 1.7% as oil prices firmed, with political instability from an aborted revolt by Russian mercenaries over the weekend viewed by the market as not posing an immediate threat to oil supply from one of the world's largest producers.
It marked a stark fall from grace for the retailer which was once worth more than $17 billion. Last week the business was snapped up for $21.5 million at auction - though its physical stores will still shutter.
"Meaning that the central banks will put their respective countries into some sort of recession and that's why the market is struggling here because the more they raise, the bigger of a chance we see of a recession."
Curiously, no city in the American South cracked the top 10, with the Atlanta suburb of Alpharetta ranking highest as the 13th most livable small city.
In addition to it's amenities, Alpharetta offers housing costs at just 17.8 percent of the local median income
Newton, MA A short, 11-mile commute from Boston, Newton's citizenry is nearly all accounted for in terms of health insurance with 98.95 percent of all residents reportedly covered, the third best in these rankings.
The healthcare index fell 1.1% and was a big drag on the STOXX 600 index, which has come under pressure on concerns about an economic slowdown from a potentially longer-than-expected global interest rate hiking cycle.
Many top 10 contenders were in Washington state and the Midwest, including Redmond, WA, in the top spot, with seven boasting quality affordable home prices that were under 18 percent of their local median income.
Arlington Heights, IL A Chicago suburb with a high density of bars, restaurants, healthcare facilities, and other amenities, Arlington Heights is also home to the city's Metropolis Performing Arts Centre since 2000.
Housing costs, based on local median income, were lower that a full 90 percent of the 275 cities evaluated, powered by a sturdy local economy supported by major companies, like Microsoft, Boeing and Amazon
Russia sought to restore calm on Monday after the aborted mutiny by Wagner Group mercenaries, while Western allies assessed how President Vladimir Putin might reassert authority and what it could mean for the war in Ukraine.
For those looking for a change, but not looking to relocate to a slow, rural backwater, the personal financial experts at SmartAsset have pooled data from 275 humble burgs across the Unites States to see which are the true hidden gems.
The small city's sprawling bar scene (third in the rankings) and plenitude of dining and entertainment options (15th for both), comes with plenty of extra cash to spend it on: Arlington Heights boasts a low unemployment 3.4 percent and slot housing costs of about 17.69 percent of median income.
Call them a small city, call them a large town, but America's mid-sized communities might just be the perfect solution for those sick of the stress, the crowds, and the high prices of the nation's most famous urban centers.
"What you've seen is those gains from early this morning peter out and particularly after Christine Lagarde spoke, because she again has reinforced this view that inflation is still staying far too high," said Susannah Streeter, head of money and markets at Hargreaves Lansdown.
HONG KONG, June 26 (Reuters) - Singapore-headquartered iNova Pharmaceuticals will buy a portfolio of consumer healthcare brands from Sackler-owned Mundipharma International for an enterprise value of $540 million, an iNova spokesperson said on Monday.
Walgreens CEO Rosalind Brewer - who was given a $24.7 million signing bonus when she took on the job in February 2021 - told investors in a conference call: 'We have seen changing market trends that have consumers prioritizing value in response to a more uncertain and challenging economic environment.'
Siemens Energy rose 2.3% recovering some losses after Goldman Sachs analysts kept a "buy" rating on the stock and said the massive sell-off following the disclosure of problems at its wind turbine division was overblown.
"What we've seen today is probably people pricing in that the war in Ukraine could end a little bit sooner and so a lot of the defense companies have fallen," said Shanti Kelemen, chief investment officer at M&G Wealth and &me.
A spokesman for Walgreens said: 'As we move forward on our strategy to expand Walgreens role as a leader in the delivery of local healthcare, we're focused on creating the right network of stores in the right locations to best meet the needs of the communities we serve.
June 27 (Reuters) - European shares rose on Tuesday supported by financials and luxury stocks as investors bet on further policy stimulus from China, while hawkish comments from European Central Bank President Christine Lagarde limited gains.
Energy stocks were up 1.7% as oil prices firmed, with political instability from an aborted revolt by Russian mercenaries over the weekend viewed by the market as not posing an immediate threat to oil supply from one of the world's largest producers.
It marked a stark fall from grace for the retailer which was once worth more than $17 billion. Last week the business was snapped up for $21.5 million at auction - though its physical stores will still shutter.
"Meaning that the central banks will put their respective countries into some sort of recession and that's why the market is struggling here because the more they raise, the bigger of a chance we see of a recession."
Curiously, no city in the American South cracked the top 10, with the Atlanta suburb of Alpharetta ranking highest as the 13th most livable small city.
In addition to it's amenities, Alpharetta offers housing costs at just 17.8 percent of the local median income
Newton, MA A short, 11-mile commute from Boston, Newton's citizenry is nearly all accounted for in terms of health insurance with 98.95 percent of all residents reportedly covered, the third best in these rankings.
The healthcare index fell 1.1% and was a big drag on the STOXX 600 index, which has come under pressure on concerns about an economic slowdown from a potentially longer-than-expected global interest rate hiking cycle.
Many top 10 contenders were in Washington state and the Midwest, including Redmond, WA, in the top spot, with seven boasting quality affordable home prices that were under 18 percent of their local median income.
Arlington Heights, IL A Chicago suburb with a high density of bars, restaurants, healthcare facilities, and other amenities, Arlington Heights is also home to the city's Metropolis Performing Arts Centre since 2000.
Housing costs, based on local median income, were lower that a full 90 percent of the 275 cities evaluated, powered by a sturdy local economy supported by major companies, like Microsoft, Boeing and Amazon
Russia sought to restore calm on Monday after the aborted mutiny by Wagner Group mercenaries, while Western allies assessed how President Vladimir Putin might reassert authority and what it could mean for the war in Ukraine.
For those looking for a change, but not looking to relocate to a slow, rural backwater, the personal financial experts at SmartAsset have pooled data from 275 humble burgs across the Unites States to see which are the true hidden gems.
The small city's sprawling bar scene (third in the rankings) and plenitude of dining and entertainment options (15th for both), comes with plenty of extra cash to spend it on: Arlington Heights boasts a low unemployment 3.4 percent and slot housing costs of about 17.69 percent of median income.
Call them a small city, call them a large town, but America's mid-sized communities might just be the perfect solution for those sick of the stress, the crowds, and the high prices of the nation's most famous urban centers.
"What you've seen is those gains from early this morning peter out and particularly after Christine Lagarde spoke, because she again has reinforced this view that inflation is still staying far too high," said Susannah Streeter, head of money and markets at Hargreaves Lansdown.
HONG KONG, June 26 (Reuters) - Singapore-headquartered iNova Pharmaceuticals will buy a portfolio of consumer healthcare brands from Sackler-owned Mundipharma International for an enterprise value of $540 million, an iNova spokesperson said on Monday.