Breaking News: Europe
European markets set to open higher, shrugging off Trump’s 50% metals tariffs
Trump’s 50% steel tariffs could see European steelmakers lower prices The European steel industry is set to see a mixed impact on prices after U.S. President Donald Trump said tariffs on steel imports will double from 25% to 50% on June 4. The latest tariffs will cause U.S. domestic prices of steel to increase, which […]
Read More
Euro zone inflation falls to cooler-than-expected 1.9% in May, below ECB target
Shoppers buy fresh vegetables, fruit, and herbs at an outdoor produce market under green-striped canopies in Regensburg, Upper Palatinate, Bavaria, Germany, on April 19, 2025. Michael Nguyen/NurPhoto via Getty Images Euro zone inflation fell below the European Central Bank’s 2% target in May, hitting a cooler-than-expected 1.9% on sharp declines in services, flash data from […]
Read More
U.S. growth forecast cut sharply by OECD as Trump tariffs sour global outlook
Old Navy and Gap retail stores are seen as people walk through Times Square in New York City on April 9, 2025. Angela Weiss | Afp | Getty Images Economic growth forecasts for the U.S. and globally were cut further by the Organisation for Economic Co-operation and Development as President Donald Trump’s tariff turmoil weighs […]
Read More
European markets are set to open higher ahead of flash inflation data
Here are the opening calls London was the No. 2 most-visited city in the world for 2023, according to Euromonitor International. Karl Hendon | Moment | Getty Images Good morning from London and welcome to CNBC’s live blog covering all the action in European financial markets, as well as business news, analysis, earnings and data. […]
Read More
German inflation eases to hotter-than-expected 2.1% in May
19 May 2025, Berlin: Apricots are sold at a greengrocer for 7.98 euros per kilogram. Grapes and papaya are also on offer. Photo by Jens Kalaene/picture alliance via Getty Images Germany’s annual inflation hit 2.1% in May approaching the European Central Bank’s 2% target but coming in slightly hotter than analyst estimates, preliminary data from […]
Read More
Auto giant Stellantis appoints Antonio Filosa as new CEO
Stellantis North America COO and Jeep CEO Antonio Filosa speaks during the Stellantis press conference at the Automobility LA 2024 car show at Los Angeles Convention Center in Los Angeles, California, November 21, 2024. Etienne Laurent | Afp | Getty Images Auto giant Stellantis on Wednesday appointed North American chief operating officer Antonio Filosa as […]
Read More
EasyJet shares fall 1.8% after first-half loss widens
Banco BPM says regulation decision to suspend UniCredit takeover bid is ‘abnormal’ Italy’s Banco BPM has criticized as “abnormal” a late-Wednesday decision by Italian market regulator Consob to suspend for 30 days a takeover bid for the bank launched by domestic rival UniCredit. Banco BPM had rejected the $10.5 billion purchase offer in November, while […]
Read More
Sterling gains 0.5% after UK inflation leaps in April: Live updates
M&S cyberattack to cost retailer $400 million People walk past a Marks & Spencer store. Sopa Images | Lightrocket | Getty Images British retail giant M&S said Wednesday that a recent cyberattack, which brought online sales to a standstill and left food shelves bare, would cost it around £300 million ($403 million) in operating profit. […]
Read More
UK inflation surges to hotter-than-expected 3.5% in April
A customer looks at goods on a shelf in a supermarket on January 15, 2025 in London, England. Dan Kitwood | Getty Images News | Getty Images The U.K.’s annual inflation rate hit 3.5% in April, coming in above analyst expectations, according to data released by the Office for National Statistics (ONS) on Wednesday. Economists […]
Read More
European stocks look set to build momentum after lackluster start to the week
Swiss Life first-quarter income jumps Insurer Swiss Life said in a trading update on Tuesday that its fee income rose 3% year on year in the first quarter of 2025, reaching 659 million Swiss francs ($791 million). Its premiums also rose by 6% from the previous year to 7.9 billion Swiss francs. The company said […]
Read More