Breaking News: Europe
European markets higher as new trading week kicks off; Gucci-owner Kering rises over 4%
European markets opened higher on Monday as the new trading week kicked off, with investors weighing geopolitical turmoil. The pan-European Stoxx 600 was up by around 0.3% at 8:34 a.m. London time, with most major regional bourses and sectors trading in positive territory. Traders will be assessing geopolitical upheaval in the Middle East after the […]
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European markets set to open lower as French political upheaval drags on
Opening calls The FTSE 100 is expected to open 8 points lower at 8,341 on Friday morning, while the German DAX index is slated to lose 24 points at the opening, according to IG, bringing it down to 20,334. Meanwhile, IG is predicting that the CAC 40 will open around 8 points lower at 7,322. […]
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Shell and Equinor to create Britain’s largest independent oil and gas company in joint venture
The Equinor ASA offshore oil drilling platform on Johan Sverdrup oil field in the North Sea off the coast of Norway, on Monday, Feb. 13, 2023. Bloomberg | Bloomberg | Getty Images Oil major Shell and Norway’s Equinor on Thursday announced plans to combine their British offshore oil and gas assets to create a jointly […]
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Europe stocks open mixed after French government ousted; Shell, Equinor to create joint UK venture
Europe stocks open mixed Stock Chart IconStock chart icon Stoxx 600 index. European stock markets opened mixed on Thursday as investors assessed political uncertainty in France. France’s CAC 40 was up 0.13% at 8:11 a.m. in London, while Germany’s DAX gained 0.06%. The U.K.’s FTSE 100 slipped 0.05%. — Jenni Reid France faces bond market […]
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British regulators approve $19 billion Vodafone-Three mobile merger
A pedestrian walks past a Vodafone store in central London on May 16, 2023. British mobile giant Vodafone is to axe 11,000 jobs over three years in the latest cull to hit the tech sector, as new boss Margherita Della Valle slammed recent performance. Adrian Dennis | AFP | Getty Images Britain’s competition regulator on […]
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French government toppled in no-confidence vote brought by opposition
France’s Prime Minister Michel Barnier (C) looks on during a session of questions to the government at The National Assembly in Paris, on December 3, 2024. Julien De Rosa | Afp | Getty Images The French government has been toppled in a vote of no confidence Wednesday, plunging the euro zone’s second-largest economy into a […]
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European markets head for mixed open with all eyes on French confidence vote
South Korean stocks nosedive Members and supporters of South Korean opposition parties gather in front of the National Assembly in Seoul, South Korea, on Wednesday, Dec. 4, 2024. Bloomberg | Getty Images South Korea’s financial markets took a downward turn on Wednesday, as an outbreak of political turmoil left investors uncertain about the country’s prospects. […]
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European markets open higher but France’s political upheaval is in focus
Annual Swiss inflation rises less than expected to 0.7% in November Switzerland’s inflation rate rose 0.7% year-on-year in November, just shy of the 0.8% print expected by analysts polled by Reuters. The country recorded a 0.1% drop in consumer prices from the previous month. The cooling inflation rate could add pressure to the Swiss National […]
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Stellantis shares slide 8% after CEO departure as broader European markets decline
Euro slides with French government on brink The euro tumbled 0.72% against the U.S. dollar, trading at $1.0497 at 8:40 a.m. in London, as traders monitored political volatility in France. The odds that the fragile government led by Michel Barnier will be toppled in a no-confidence vote by the far-right and a left-wing coalition appeared […]
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Euro zone inflation climbs to 2.3% in November, meeting expectations
The stalls at the 590th Dresden Striezelmarkt are brightly lit at the opening. Sebastian Kahnert | Picture Alliance | Getty Images Annual euro zone inflation rose to 2.3% in November, statistics agency Eurostat said Friday, climbing back above the European Central Bank’s 2% target. Economists polled by Reuters had expected the 2.3% annual rate for […]
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