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EMEA Morning Briefing : Stocks to Edge Higher; -2-

10/24/2021 | 10:46pm EST

LISBON-In this soccer-crazed capital of a soccer-obsessed nation, the stadiums are full again. Portugal, a country ravaged earlier in the year by the Delta variant of the coronavirus, now has the highest Covid-19 vaccination rate in Europe and offers a glimpse of a country trying to come to grips with what is increasingly looking like an endemic virus.

Tens of thousands of screaming soccer fans crammed into the Estadio da Luz here Wednesday to watch hometown favorites Benfica take on Bayern Munich. They amassed on the subway to the stadium, at the entrance as officials patted them down and, after the game, at food trucks where they downed sandwiches and beer as they tried to forget the drubbing their team had just received.

Turkey's Erdogan Threatens to Expel 10 Western Ambassadors, Including U.S. Envoy

Turkey's President Recep Tayyip Erdogan threatened to expel the U.S. ambassador and the top envoys of nine other Western countries who called for the release of a jailed philanthropist, in a move that could further strain ties between the two NATO allies.

"These 10 ambassadors must be declared personae non gratae at once," Mr. Erdogan said at a rally on Saturday in the western Turkish city of Eskisehir. "I gave the necessary order to our foreign minister and said what must be done."

French Nationalist TV Host Éric Zemmour, Inspired by Trump, Surges in Polls

PARIS-As a television talk-show host and pundit, Éric Zemmour built a devoted following on France's far right with years of barbed criticism of immigrants, Muslims and leftist politicians.

Now Mr. Zemmour, who says he has drawn inspiration from former President Donald Trump, is harnessing his celebrity to explore a run for president, an effort that is shaking up French politics. Polls show he has inched ahead of the far right's longtime standard-bearer, Marine Le Pen, to become the leading challenger to President Emmanuel Macron in next year's election.

Sibanye-Stillwater Nears $1 Billion Deal to Acquire Brazil Nickel and Copper Projects

Sibanye-Stillwater Ltd. is in advanced talks to buy two Brazilian miners for about $1 billion including debt, people familiar with the matter said, a bet on continued demand for metals used in the production of electric-car batteries.

The South Africa-based miner would acquire Atlantic Nickel, which operates the Santa Rita mine, one of the world's biggest open-pit nickel sulfide mines, and Mineracao Vale Verde, which is developing a copper-and-gold mine, the people said. The deal is expected to be announced in the coming days, assuming it doesn't fall apart.

Write to paul.larkins@dowjones.com

Expected Major Events for Monday

05:00/FIN: Sep PPI

07:00/CZE: Oct Business cycle survey (consumer/business confidence)

08:00/POL: Sep Unemployment

08:00/GER: Oct Ifo Business Climate Index

13:00/BEL: Oct Business Confidence Survey

23:01/UK: Sep Zoopla House Price Index

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

Write to us at newsletters@dowjones.com

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

(END) Dow Jones Newswires

10-25-21 0046ET

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