Breaking News: Europe
Germany’s defense stocks fall after lawmakers open door to higher spend; Rheinmetall sheds 6.3%
German defense names fall day after spending package approved by parliament German defense stocks were lower in mid-morning trade, a day after the country’s parliament approved a landmark fiscal package that will allow higher government defense and infrastructure spending. Rheinmetall, one of the top performers on the Stoxx 600 on Tuesday, was down 6.3% at […]
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German parliament to vote on historic debt reform
The Reichstag building in the early morning. Paul Zinken/dpa | Picture Alliance | Getty Images Germany’s Bundestag is set to vote on a major fiscal package later on Tuesday, which includes changes to long-standing debt policies to enable higher defense spend and a 500 billion euro ($548 billion) infrastructure and climate fund. More than two […]
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European markets head for higher open ahead of German debt reform vote
European markets are heading for a higher open, with investor focus on the German government as it votes on historic debt reforms on Tuesday. The U.K.’s FTSE 100 index is expected to open 18 points higher at 8,696, Germany’s DAX up 90 points at 23,207, France’s CAC 21 points higher at 8,091 and Italy’s FTSE MIB […]
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European markets set to open the new trading week higher; German debt reform vote ahead
European stocks are expected to start the new trading week in positive territory, although investors will be looking to see if global market volatility continues. The U.K.’s FTSE 100 index is expected to open 21 points higher at 8,653, Germany’s DAX up 90 points at 23,019, France’s CAC 9 points higher at 8,034 and Italy’s FTSE […]
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Kering shares plunge 12% after Demna Gvasalia named as Gucci’s artistic director
A Gucci store, operated by Kering SA, in the Sanlitun area of Beijing, China, on Saturday, Oct. 12, 2024. Bloomberg | Bloomberg | Getty Images Shares of Kering plunged on Friday after the company announced that Demna Gvasalia would take the reins as new artistic director of its ailing Gucci fashion line. Gvasalia, known as […]
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European markets higher despite global trade uncertainty
Deutsche Bank names autos as ‘growing risk’ for its portfolio Deutsche Bank flagged autos as a “growing risk” for its portfolio that is being “monitored closely given the challenging economic environment in Europe, Electric Vehicles (EV) transition and competition in China,” Germany’s largest lender said in its annual report out Thursday. Europe’s auto sector now […]
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Trump’s approach to Ukraine could be ‘very worrying’ for Russia’s neighbors, former UK PM Cameron says
British Foreign Secretary David Cameron speaks during a joint press conference with Albanian Prime Minister after a meeting in Tirana, on May 22, 2024. Adnan Beci | Afp | Getty Images Former U.K. Prime Minister David Cameron on Thursday said he is fearful that U.S. President Donald Trump’s approach to securing peace in Ukraine could […]
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Rheinmetall sales surge 36% in 2024, as company forecasts ‘major’ military order boom
Rheinmetall MAN Military Vehicle drives on the road on Nov. 20, 2024, in Donetsk Oblast, Ukraine. Yan Dobronosov | Global Images Ukraine | Getty Images German arms maker Rheinmetall on Wednesday said it expects 2025 sales to jump by 25-30% this year, amid expectations of “major high-volume orders from military customers” that could gain a […]
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European markets rally as U.S. inflation rises less than expected, EU retaliates to Trump’s tariffs
U.S. inflation rate hits 2.8% in February, less than expected Prices for goods and services moved up less than expected in February, providing some relief as consumers and businesses worry about the looming impact tariffs might have on inflation, the Bureau of Labor Statistics reported Wednesday. The consumer price index, a wide-ranging measure of costs across […]
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Inditex shares sink 7% as Zara owner points to sales slowdown
Zara owner Inditex on Wednesday posted a year-on-year rise in fourth-quarter sales that met expectations, even as the retailer pointed to a slowdown in demand at the start of the year. The Spanish retailer reported revenues of 11.21 billion euros [$12.2 billion] in the three-month period, matching the 11.2 billion euros forecast by LSEG analysts and […]
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