Breaking News: Europe
European stocks head for positive open but concerns over inflation dominate market sentiment
China’s consumer inflation slows further in December, stoking deflation worries China’s consumer price inflation in December slipped to 0.1% year on year, data from the National Bureau of Statistics showed Thursday, stoking deflation concerns. Growth in headline inflation was in line with Reuters estimates, but less than the 0.2% rise in November. Core CPI, which excludes food and […]
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European markets expected to open broadly lower as traders assess the region’s economic outlook
European markets are expected to open broadly lower Wednesday as traders assessed the region’s economic outlook. The U.K.’s FTSE 100 index is expected to open 4 points lower at 8,242, Germany’s DAX down 40 points at 20,308, France’s CAC down 22 points at 7,477 and Italy’s FTSE MIB down 83 points at 34,922, according to data […]
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Euro zone inflation rose to 2.4% in December, meeting expectations
A man rides bicycle on a snow-covered street after snowfall in Frankfurt am Main, western Germany, on December 29, 2024. Kirill Kudryavtsev | Afp | Getty Images Annual inflation in the euro zone rose for a third straight month to reach 2.4% in December, statistics agency Eurostat said Tuesday. The reading was in line with […]
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European markets head for lower open, with traders focused on euro zone inflation data
European markets are heading for a negative open on Tuesday as investors in the region focus on the latest euro zone inflation data. The U.K.’s FTSE 100 index is expected to open 40 points lower at 8,200, Germany’s DAX down 87 points at 20,123, France’s CAC down 33 points at 7,414 and Italy’s FTSE MIB down […]
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German inflation rises more than expected to 2.9% in December
In Munich, Bavaria, Upper Bavaria, Germany, on December 28, 2024, shoppers stroll along shopping streets during the festive season, taking advantage of the after-Christmas sales of the stores. Michael Nguyen | Nurphoto | Getty Images German inflation jumped to a higher-than-expected 2.9% in December, German statistics office Destatis said in the first reading since the […]
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Chip stocks lead European markets higher; ASML up 5% after Foxconn revenue jump
European markets gained ground on Monday, with chip firms leading gains, after a choppy start to the year for stocks. The Stoxx 600 had a mixed performance last week, though it ended 0.2% higher amid a rocky start to 2025 for stocks around the world. Mixed sentiment could continue this week as traders look for […]
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European markets higher as shortened Christmas week begins; UK economy stalls
UK borrowing costs rise Yields on British 10-year gilts crept higher on Monday, gaining 2 basis points to trade at 4.532% by 10:46 a.m. London time. It came after revised GDP figures showed the U.K. economy flatlined in the three months to September. U.K. borrowing costs hit a one-year high last week, but have since […]
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Novo Nordisk shares plunge 19% after disappointing trial results; Lilly jumps in premarket
Boxes of Ozempic and Wegovy made by Novo Nordisk are seen at a pharmacy. Hollie Adams | Reuters Shares of Danish pharmaceutical giant Novo Nordisk plummeted more than 24% at one point on Friday after reporting results in a late-stage trial for its experimental CagriSema weight loss drug that missed expectations. The maker of the […]
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Russian central bank surprises markets by holding key rate at 21%
MOSCOW, Russia: The Russian central bank has cut its key interest rate by 300 basis points for a third time since its emergency hike in late February, citing cooling inflation and a recovery in the ruble. KIRILL Kudryavtsev | AFP | Getty Images Russia’s central bank on Friday unexpectedly left its key interest rates unchanged […]
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European markets set for lower open after US spending plan fails
European markets are set to open lower on Friday as investors monitor political turmoil in the U.S. and monetary policy decisions from various major economies. The FTSE 100 is slated to open 110 points lower at 8,088, according to data from IG, with Germany’s DAX to lose around 400 points to19,835, and the French CAC […]
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