Breaking News: Europe
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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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 […]
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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 […]
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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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