Breaking News: Europe
Oil giant Shell raises dividend despite full-year profit miss
A Shell logo is displayed on May 03, 2024 in Austin, Texas. Brandon Bell | Getty Images News | Getty Images British oil giant Shell on Thursday reported a significant drop in annual profit, citing higher exploration write-offs, lower trading margins and weaker crude prices over the final three months of the year. Shell posted […]
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German economy shrinks by 0.2% in fourth quarter, more than expected
The Frankfurt skyline at dusk on a November day. Helmut Fricke | Picture Alliance | Getty Images The German economy shrank by 0.2% quarter-on-quarter in the three months ending in December, according to preliminary data released by Germany’s statistics office Destatis on Thursday. The figure is adjusted for price, calendar and seasonal variations. Analysts polled […]
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Euro zone economy flatlines in fourth quarter, missing expectations for slight expansion
An employee places an item in the window display at a delicatessen in the Piazza Campo di Fiori in Rome, Italy, on Tuesday, Dec. 6, 2016. Bloomberg | Bloomberg | Getty Images In December, the central bank forecast that the euro zone economy would grow by 1.1% in 2025, saying that it expects euro area […]
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European Central Bank set to trim interest rates for fifth time since June
The European Central Bank is widely expected to announce yet another interest rate cut on Thursday, in what would be the fifth reduction since the central bank began easing monetary policy in June last year. Markets were last pricing in an over 90% chance of a 25-basis-point cut on Thursday, which would bring the ECB’s […]
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Deutsche Bank posts steeper-than-expected Q4 profit fall and scraps cost target
In this article .BBKA Follow your favorite stocksCREATE FREE ACCOUNT Deutsche Bank offices in the City of London on July 2, 2024, in London, U.K. Mike Kemp | In Pictures | Getty Images Germany’s largest lender Deutsche Bank on Thursday reported weaker-than-expected profit that fell sharply in the last three months of 2024, as legal […]
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European markets head for higher open anticipating ECB rate cut; Shell and Deutsche Bank earnings on deck
European markets were set to open higher Thursday as investors await key earnings, economic data and the European Central Bank’s latest monetary policy decision. The U.K.’s FTSE 100 index is expected to open 2 points lower at 8,555, Germany’s DAX up 24 points at 21,649, France’s CAC up 25 points at 7,892 and Italy’s FTSE MIB […]
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World’s largest sovereign wealth fund reports $222 billion annual profit on tech rally
Nicolai Tangen, CEO of Norges Bank Investment Management, at the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025. Stefan Wermuth | Bloomberg | Getty Images Norway’s sovereign wealth fund — the largest of its kind in the world — posted full-year profit of 2.5 trillion kroner ($222.4 billion) on Wednesday, fueled by a […]
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Europe stocks set for mixed open ahead of Fed decision; ASML beats estimates as tech jitters ease
Critical chip firm ASML posts quarterly bookings surge on heated AI demand Dutch semiconductor giant ASML on Wednesday reported a big jump in fourth-quarter net bookings, suggesting strong demand for its advanced chipmaking tools even as DeepSeek’s low-cost model raises concerns over AI spending. Here’s how ASML did versus LSEG consensus estimates for the fourth quarter: Net […]
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Europe stocks higher; tech makes cautious rebound after global rout fueled by China AI concerns
French consumer confidence recovers in January French consumer confidence rose by 3 points month-on-month to 92 in January, its highest level since February 2022, according to the national statistics bureau. The monthly consumer confidence survey signaled strengthening household confidence in the French economy, but the numbers are still below the long-term average of 100 points. […]
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European markets set to start the new trading week on a somber note
European markets are expected to start the new trading week in negative territory on Monday, with investors in the region gearing up for a busy period of earnings and the European Central Bank’s latest interest rate decision. The U.K.’s FTSE 100 index is expected to open 7 points lower at 8,488, Germany’s DAX down 68 […]
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