Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

EMEA Morning Briefing : Stocks Seen Constrained by -2-

10/17/2021 | 10:49pm EST

An energy price shock is serving as a reminder of the world's continued dependency on fossil fuels-even amid efforts to shift to renewable sources of energy.

Demand for oil, coal and natural gas has skyrocketed world-wide in recent weeks as unusual weather conditions and resurgent economies emerging from the pandemic combine to create energy shortages from China to Brazil to the U.K.

Biden's Soft Infrastructure Agenda May Not Boost Growth

As the Democrats who control Washington reshape a multi-trillion-dollar package that would expand the social safety net and boost green energy, a key question hanging over their efforts is what impact it will have on the economy.

A $1.2 trillion bipartisan infrastructure deal passed by the Senate earlier this year and a reconciliation bill Democrats are trying to whittle down from its original $3.5 trillion price tag constitute what President Biden has described as "once-in-a-generation investment" in the economy.

U.K. House Prices Hit Record High Across All Market Segments in October

U.K. house prices in October rose 1.8%, with every region and market segment delivering increases, according to new data from property portal Rightmove PLC.

The average price of property coming to the market rose by 5,983 pounds ($8,181) in October, the largest percentage jump for this time of year since 2015 and bringing the national average to an all-time high of GBP344,445, Rightmove said. The portal measured 88,694 prices across the U.K over the period from Sept. 12 to Oct. 9.

Some Investors Say Bank Pledges to Cut Funding for Arctic Drilling Contain Loopholes

Some of the world's largest banks, including Goldman Sachs Group Inc., HSBC Holdings PLC and BNP Paribas SA, pledged in recent years to stop direct financing of Arctic oil exploration. The idea was to choke off money for fossil-fuel extraction in a pristine natural environment.

A battle has broken out among investors, environmentalists and banks over those pledges. Some investors and environmentalists say they contain loopholes, and money has continued to flow from big banks to companies active in areas of Norway, Russia, Canada and Alaska rich in oil and gas. Under pressure, two of the banks, BNP and HSBC, say they are reviewing their pledges to make them stronger.

Write to paul.larkins@dowjones.com

Expected Major Events for Monday

07:00/CZE: Sep PPI

08:00/BUL: Sep CPI

08:30/UK: Jul Card Spending statistics

All times in GMT. Powered by Kantar Media and Dow Jones.

Write to us at newsletters@dowjones.com

We offer an enhanced version of this briefing that is optimized for viewing on mobile devices and sent directly to your email inbox. If you would like to sign up, please go to https://newsplus.wsj.com/subscriptions.

This article is a text version of a Wall Street Journal newsletter published earlier today.

(END) Dow Jones Newswires

10-18-21 0049ET

Latest news "Economy & Forex"
10:52aDiess to remain ceo at volkswagen - company source
RE
10:44aSouth African rand firmer on early signs Omicron causing mild infections
RE
10:42aInvestors brace for potential hit to earnings because of Omicron
RE
10:41aWALL STREET STOCK EXCHANGE : Dow bounces back on cyclical boost; Nvidia leads tech stocks lower
RE
10:40aTrump-linked stocks get a boost after social media venture raises $1 billion
RE
10:36aDow bounces back on cyclical boost; Nvidia leads tech stocks lower
RE
10:35aBitcoin's flash crash crimps year-end bulls
RE
10:35aGold slips as dollar advances; focus on U.S. CPI
RE
10:34aMARIA MARTINEZ : Conference Board's Employment Trends Index Rose in November
DJ
10:29aIMF, Nepal reach staff-level agreement on 3-yr, $400 million program
RE
Latest news "Economy & Forex"