Breaking News: Europe
European bourses set to open higher as global markets await U.S. inflation data
U.S. tourists spending less in Britain, retail body says Oxford Street on May 2 2025, in London. Mike Kemp | In Pictures | Getty Images Figures from the Association of International Retail show American visitors spent less in the U.K. last year compared to 2019. The group says that the decision to end tax-free shopping […]
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Bank of England narrowly votes to cut interest rates to 4% as balancing act continues
Bank of England, the Royal Exchange and the statue of the Duke of Wellington in the City of London on 19th February 2025 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images The Bank of England voted by a fine margin to cut interest rates from 4.25% to 4% on Thursday as the central […]
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Maersk CEO flags strong demand ‘pretty much everywhere’ except for the U.S. as outlook raised
The container ship Gunde Maersk sits docked at the Port of Oakland on June 24, 2024 in Oakland, California. Justin Sullivan | Getty Images Danish shipping giant Maersk on Thursday posted stronger-than-expected second-quarter operating profit, citing continued focus on operational improvements despite unprecedented geopolitical volatility. The company, widely considered a barometer of global trade, reported […]
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European stocks set for broadly higher open amid more tariff news; BOE and earnings ahead
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Novo Nordisk doubles down on Trump-friendly sales strategy
Boxes of Ozempic and Wegovy made by Novo Nordisk at a pharmacy in London on March 8, 2024. Hollie Adams | Reuters Wegovy-maker Novo Nordisk said Wednesday that it was doubling down on direct-to-consumer sales as it contends with copycat compounders and Washington’s demands for lower domestic drug prices. Chief Financial Officer Karsten Munk Knudsen […]
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European stocks poised to climb as earnings, U.S. tariffs remain in focus
Novo Nordisk’s Wegovy weight loss drug sales soar 67% in second quarter Wegovy injection pens arranged in Waterbury, Vermont, US, on Monday, April 28, 2025. Shelby Knowles | Bloomberg | Getty Images Sales of Novo Nordisk’s blockbuster Wegovy weight loss drug surged in the second quarter, the company said in its latest report, days after cutting […]
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Europe markets climb; Diageo shares pop 7% as Guinness owner outlines cost-cutting plan
Infineon up 5% as CFO says tariff impact less severe than thought Shares of Infineon are up 5% after the German semiconductor beat on adjusted earnings per share in the latest quarter, coming in at 37 cents ($0.43) versus an LSEG estimate of 33 cents. That was on the back of 3.7 billion euros in […]
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BP CEO hails exploration discovery boon after surprise profit beat
Trowbridge in Somerset, England, on March 15, 2025. Anna Barclay | Getty Images News | Getty Images Britain’s BP on Tuesday posted stronger-than-expected second-quarter profit, following a period of heightened volatility for global oil and gas prices. The struggling energy major reported underlying replacement cost profit, used as a proxy for net profit, of $2.35 […]
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European markets look set to start the week positively; oil prices in focus after OPEC+ output hike
What to keep an eye on today An electronic board displays exchange rate information at a currency exchange bureau in Istanbul, Turkey, on Aug. 29, 2022. Nicole Tung | Bloomberg | Getty Images The second-quarter earnings season is starting to ease, with no major corporate reports Monday. On the data front, traders will be keeping […]
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Euro zone inflation holds steady at higher-than-expected 2% in July
A customer stands in front of a fruit and vegetable stall at an open-air market in Paris on July 15, 2025. Behrouz Mehri | Afp | Getty Images Euro zone inflation was unchanged at a higher-than-expected 2% in July, flash data from statistics agency Eurostat showed Friday. Economists polled by Reuters had expected the figure […]
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