Breaking News: Europe
European markets set to open higher amid calls for lower interest rates by Trump
European equity markets are set to open higher on Friday to cap a positive week for stocks. The U.K.’s FTSE 100 is set to open marginally positive, while Germany’s DAX and France’s CAC 40 are expected to open higher by 0.4%, according to FactSet futures data. Meanwhile, the pan-European Stoxx 600 index is expected to […]
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Structural weaknesses in the German economy must ‘absolutely’ be addressed, finance minister says
It is crucial that Germany embarks on a period of economic growth, the country’s finance minister Jörg Kukies told CNBC on Thursday, adding that structural weaknesses must be addressed. “We’ve just gotten revised down growth forecasts for the IMF again,” Kukies told CNBC’s Karen Tso and Steve Sedgwick at the World Economic forum in Davos. “The structural […]
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WEF live blog: President Trump set to address WEF as the world looks for policy clues
Our audience in Europe can watch a live stream of our Davos coverage above. LONDON — Welcome to CNBC’s live blog covering Day 4 of the World Economic Forum in Davos, Switzerland. We’ll bring you all the latest news, views and action from WEF throughout the day. The big event on Thursday will be President […]
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Europe must be prepared for Trump tariffs, European Central Bank chief warns
Europe must “be prepared” and anticipate the potential trade tariffs of newly inaugurated U.S. President Donald Trump, European Central Bank President Christine Lagarde told CNBC on Wednesday. She said the fact that Trump had not imposed blanket tariffs on the first day of his presidency was a “very smart approach … because blanket tariffs are […]
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Davos 2025 live updates: Leaders and CEOs hone in on monetary policy and security
LONDON — Welcome back to CNBC’s live blog covering all the latest news, views and action on day 3 of the World Economic Forum in Davos, Switzerland. CNBC’s guest highlights today include ECB President Christine Lagarde, who will speak to Karen Tso at 9:15 a.m. Davos time, and Spanish Prime Minister Pedro Sanchez, who will […]
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WEF live updates: World leaders and CEOs descend on Davos for the World Economic Forum
Global economy set for steady growth in 2025, EY CEO survey shows A worker welds steel at a workshop on June 8, 2024 in Hangzhou, Zhejiang Province of China. Vcg | Visual China Group | Getty Images The global economy is set for steady growth in 2025, and corporate confidence is rising, according to a […]
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European markets open flat ahead of Trump’s inauguration as the 47th president of the U.S.
HSBC shares rise to multi-year high HSBC shares are off to a strong start this week and are currently trading at a 17-year high on an intraday basis. The lender’s London-listed A-shares rose to £8.286 after the stock market opened, its highest level since Nov. 2 2007. And it’s not the only bank notching highs […]
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European markets set to resume rally as investors await more economic data
European markets are set to open in positive territory on Friday, setting the region’s stocks up for a weekly rise following one of the best trading sessions in four months on Wednesday. London’s FTSE 100 is expected to open 130 points higher at 8,431, according to IG, while the German DAX index is set to […]
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Oil major BP to cut thousands of jobs in cost-saving drive
British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024. Nurphoto | Nurphoto | Getty Images British oil major BP on Thursday said it is planning to cut thousands of jobs as part of a major cost-cutting drive. “Today, we have today told staff across bp that […]
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UK economy’s disappointing November growth fuels the case for Bank of England rate cut
The Royal Exchange and the Bank of England. SOPA Images / Contributor / Getty Images The U.K. economy grew at a lackluster pace of 0.1% in November, data from the Office of National Statistics (ONS) showed Thursday, with the reading fueling expectations that the Bank of England will proceed with an interest rate cut next […]
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