Breaking News: Europe
Bank of England holds interest rates at 4.75% after inflation uptick
The Bank of England pictured in December 2024. Sopa Images | Lightrocket | Getty Images LONDON — The Bank of England on Thursday ended its last meeting of the year with a decision to leave interest rates unchanged, after U.K. inflation rose to an eight-month high. Economists had widely expected a rate hold at the […]
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European markets expected to nosedive after Fed signals fewer rate cuts ahead; BOE decision in focus
European markets are expected to nosedive at the open Thursday, following their global counterparts lower after the U.S. Federal Reserve signalled yesterday that few rates cuts are on the horizon. The U.K.’s FTSE 100 index is expected to open 84 points lower at 8,105, Germany’s DAX down 265 points at 19,993, France’s CAC down 105 points […]
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Renault shares rise 5% after reports of Nissan-Honda merger talks; European stocks mixed
France has not respected fiscal rules for decades, economist says Financial markets have allowed countries like France to get away with disrespecting the euro zone’s fiscal rules for too long, economist Raphael Gallardo told CNBC Wednesday. France is among a number of euro zone member states that have failed to meet the single currency union’s […]
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UK inflation rises to 2.6% in November, in line with expectations
The columns of Royal Exchange are dressed for Christmas, at Bank in the City of London, the capital’s financial district, on 20th November 2024, in London, England. Richard Baker | In Pictures | Getty Images LONDON — U.K. inflation rose to 2.6% in November, the Office for National Statistics said Wednesday, marking the second straight […]
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European markets set for lower open as central banks take center stage
European markets are heading for a negative open Tuesday as central banks take center stage this week. The U.K.’s FTSE 100 index is expected to open 18 points lower at 8,240, Germany’s DAX down 22 points at 20,291, France’s CAC down 12 points at 7,342 and Italy’s FTSE MIB down 129 points at 34,618, according to […]
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German Chancellor Olaf Scholz loses confidence vote, clearing the way for February election
German Chancellor Olaf Scholz will undergo a vote of confidence in Parliament on Monday, December 16. Michael Kappeler | Picture Alliance | Getty Images German Chancellor Olaf Scholz on Monday lost a confidence vote in the country’s Bundestag, clearing the path for an early election in February. Scholz was expected — and hoping — to […]
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Europe stocks open lower; French stocks slide after Moody’s credit downgrade; Broadcaster Canal+ lists in London
European markets opened lower Monday, as traders gear up for a final week of central bank action. The regional Stoxx 600 index opened 0.09% lower, with travel stocks leading losses. France’s CAC 40 index dropped 0.36% as investors assessed credit rating agency Moody’s surprise Saturday decision to downgrade the country’s score to Aa3, from Aa2 […]
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France’s Macron names centrist Francois Bayrou as new prime minister following political turmoil
FREJUS, FRANCE – 2023/05/03: The mayor of Pau François Bayrou is seen during the funeral of François Léotard. French politician and former Minister of Defense and Culture François Léotard died on April 25 at the age of 81. His funeral takes place in Frejus. (Photo by Laurent Coust/SOPA Images/LightRocket via Getty Images) Sopa Images | […]
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Swiss National Bank takes leap with 50-basis-point interest rate cut amid franc strength
The Swiss National Bank on Thursday cut its key interest rate by 50 basis points, exceeding expectations of a smaller trim amid an ongoing tussle with depressed inflation and a strong Swiss franc. The move takes the bank’s main rate to 0.5%. More than 85% of economists polled by Reuters had forecast the bank would […]
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European markets slightly higher ahead of expected rate cut from the European Central Bank
European markets moved higher at the start of the session, as regional investors await this year’s final monetary policy decision from the European Central Bank (ECB). The pan-European Stoxx 600 index was up 0.08% by 9:00 a.m. London time, with all major bourses and most sectors trading in the green. Oil and gas stocks added 0.92%, while media […]
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