Breaking News: Europe
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 […]
Read More
European markets mixed as traders await U.S. inflation data; Zara owner Inditex down 5%
Adidas shares dip after authorities raid German headquarters Shares of Adidas traded as much as 1.5% lower on Wednesday after authorities raided the sportswear firm’s German headquarters in connection with a years-long tax investigation. The stock price, which is up nearly 30% year-to-date, was last seen trading off by around 0.5%. Stock Chart IconStock chart […]
Read More
European markets open lower as positive sentiment vanishes
Germany confirms harmonized inflation at 2.4% for November Germany issued a final reading of its November inflation data on Tuesday, confirming the preliminary harmonized print of a 2.4% year-on-year increase, according to state news agency Destatis. It noted that the November inflation was exacerbated by price hikes in the services sector, but benefitted from a […]
Read More
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 […]
Read More
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. […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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. […]
Read More