EMEA Morning Briefing: Stocks will open lower after -2-



Businesses grapple with uncertainty over decisions by European regulators and courts that make it difficult to transfer personal data to the United States

   
 
 

European Airlines Avoid Omicron Turbulence As Cancellations In US And Asia Soar

European airlines have been more resilient than their peers in Asia and the United States over the Christmas holiday period despite an increase in Covid-19 infections caused by the Omicron variant, a sign that passengers on the continent should be able to travel with minimum disruption for the New Year.

“My baseline scenario would be that the vast majority of flights scheduled until New Year’s Eve should be operated,” said Alexander Irving, analyst at Bernstein.

   
 
 

IPOs will remain attractive in Europe after a boom year, but there will be challenges – Talking Markets

IPOs in Europe made a dramatic comeback in 2021, marking the best year since before the 2008-09 financial crisis.

Optimism about tackling the Covid-19 pandemic, high equity valuations, and abundance of funding have created the perfect conditions for a boom, but next year will likely bring some challenges for companies looking to grow. register, said Martin Steinbach, partner of Ernst & Young. The Wall Street Journal.

   
 
 

Biden, Putin warn of danger to relations if Ukraine crisis escalates

President Biden and Russian President Vladimir Putin have warned each other of the potential for a dangerous slowdown in relations if the current crisis in Ukraine escalates further, but left the way open for diplomacy.

In a 50-minute conference call Thursday, Biden renewed his warning to Putin that Russia would face economic sanctions if Moscow turned away from diplomacy and attacked Ukraine, a senior US official said. .

   
 
 

Northvolt develops first lithium-ion battery cell for European company

Swedish battery maker Northvolt said on Wednesday it had created a lithium-ion battery cell, the first from a European company, and planned to ship it to companies to power electric vehicles next year.

The market is currently dominated by Asian automakers, who have built or are building factories in Europe to supply batteries to automakers there, as demand for electric cars skyrockets. Fueled by generous government incentives for buyers, Europeans are buying electric cars at a record pace, helping the continent overtake China as the world’s largest electric vehicle market.

   
 
 

CDC tells Americans to avoid cruise ships

The Centers for Disease Control and Prevention has raised its travel warning for cruise ships to its highest level, telling Americans to avoid cruises regardless of their Covid-19 vaccination status.

The new warning issued on Thursday coincides with a recent spate of Covid-19 cases, including infections reported on dozens of cruise ships, as the Omicron variant continues to spread around the world.

   
 
 

China steps in to help another distressed real estate developer

A Chinese state-owned company will take more than a quarter of a cash-strapped real estate developer as part of Beijing’s efforts to help some domestic real estate companies facing liquidity issues that are limiting their ability to service debts.

China South City Holdings will raise 1.91 billion yuan ($ 299.71 million) by placing shares in Shenzhen construction and development group SEZ or SZCDG, the promoter said on Friday.

   
 
 

Tesla recalls over-camera vehicles, front hood faults

Tesla Inc. is recalling nearly half a million cars it has produced in recent years due to potential safety flaws, federal regulators have said, adding to previous recalls and other safety concerns that have plagued the electric vehicle maker this year.

The new recalls will cover approximately 356,000 Tesla Model 3 sedans from the 2017 to 2020 model years, as well as approximately 119,000 Model S cars from the 2014 to 2021 model years, the National Highway Traffic Safety Administration announced this week. Regulators have raised a variety of safety concerns for Teslas in 2021, ranging from the touch screens of its vehicles to their automated driver assistance functions.

   
 
 

Airlines cancel more than 1,300 flights

The coronavirus wave continued to disrupt air travel in the United States as airlines canceled hundreds of flights on Thursday, while the Federal Aviation Administration warned of possible delays due to its own staffing issues agency related to Covid.

More than 1,300 flights in the United States had been cleaned up by Thursday evening, according to aeronautical data tracker FlightAware, with about half already canceled for Friday and Saturday each. The count included domestic flights and those to and from the United States

   
 
 

Write to [email protected]

   
 
 

Major events expected for Friday

5:30 am / NED: Nov Retail turnover

07h00 / TUR: Nov Foreign trade

8:30 am / EU: December EuroCOIN indicator of economic activity in the euro area

10: 00 / LUX: November PPI

10: 00 / CYP: Nov PPI

10: 00 / GRE: October Retail Turnover Index

14: 00 / BEL: Balance of Payments 3T

Every hour in GMT. Powered by Kantar Media and Dow Jones.

Write to us at [email protected]

We offer an enhanced version of this briefing that is optimized for viewing on mobile devices and sent directly to your inbox. If you would like to register, 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

December 31, 2021 00:40 ET (05:40 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.


Previous What to watch on New Years Eve: movies, TV shows, live events
Next How to delete yourself from the Internet