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European stocks lift off lows after new stimulus measures in UK
October 22, 2020 3:26 AM EDTBy Susan Mathew and Joice Alves
(Reuters) - European shares fell for a fourth straight day on Thursday, though they trimmed losses after Britain's Finance Minister Rishi Sunak unveiled billions of pounds more of financial aid for pandemic-hit businesses.
London's FTSE 100 erased losses to end up 0.2%, while the mid-caps index rose over half a percent. The pan-European STOXX 600 recovered from losses of up to 1.2% to close down 0.1%. [.L]
"(Sunak's) announcement highlights the hope that other nations will also remain suitably supportive to avoid economic collapse," said Joshua Mahony, senior market... More
Analysis: Green is the color of money for funds betting on a Biden win
October 21, 2020 6:02 AM EDTBy David Randall
NEW YORK (Reuters) - Fund managers betting that green-type stocks with environmental, social and governance (ESG) credentials will benefit from an expected win by Democrat Joe Biden in the U.S. presidential election are also looking at a swathe of other companies expected to rise along with them.
Portfolio managers from firms including Gabelli, Fairpointe Capital and Eaton Vance are moving into the shares of companies ranging from semiconductors to industrial equipment to utilities in anticipation of a future Biden administration. The former vice president leads President Trump by 10 points nationally.
Biden has... More
