Breaking News: Europe
European markets close higher after ECB cuts rates for the third time this year
‘Probably more downside risk than upside risk’ to inflation forecast, Lagarde says There is “probably” more downside than upside risk to the ECB’s inflation forecast, the group’s President Christine Lagarde told CNBC’s Annette Weisbach during the post-decision press conference. Asked about recent warnings that the ECB now faces a return of its old challenge of […]
Read More
European Central Bank meets with third rate cut of the year expected
European stocks mixed, euro flat ahead of rate announcement Stock Chart IconStock chart icon Europe’s Stoxx 600 European stock markets were mixed at Thursday’s open, with the benchmark Stoxx 600 index eking out a 0.13% gain at 8:12 a.m. in London. Banks were the best-performing sector, up 0.75%. Germany’s DAX and France’s CAC 40 were […]
Read More
RTX subsidiary Raytheon to pay more than $950 million to settle foreign bribery, export control fraud probes
The Raytheon Technologies, recently renamed RTX Corporation, headquarters building is seen at dusk on January 20, 2024, in Arlington, VA. J. David Ake | Getty Images The Raytheon subsidiary of defense contractor RTX agreed Wednesday to pay more than $950 million to settle Department of Justice investigations into an alleged government contract fraud scheme, violations […]
Read More
LVMH falls 6% as third-quarter revenues drop; European markets trade lower
European markets traded lower Wednesday morning as global market sentiment took a turn for the worse. The pan-European Stoxx 600 index was down 0.2% early on in the trading session with the majority of sectors in negative territory. The FTSE 100 was up 0.8% at the open after the latest U.K. data showed the inflation […]
Read More
UK inflation falls sharply to 1.7%, below Bank of England’s target for first time in over three years
The Canary Wharf business district is seen in the distance behind autumnal leaves on October 09, 2024 in London, United Kingdom. Dan Kitwood | Getty Images News | Getty Images LONDON — Inflation in the U.K. dropped sharply to 1.7% in September, the Office for National Statistics said Wednesday. Economists polled by Reuters had expected […]
Read More
Chip firm ASML shares fall 15% on disappointing sales outlook in surprise earnings release
An icon of ASML is displayed on a smartphone, with an ASML chip visible in the background. Nurphoto | Nurphoto | Getty Images Shares in semiconductor equipment maker ASML fell over 15% Tuesday after the Dutch company’s results were released a day early. The move pulled other chip stocks lower, with Nvidia, Advanced Micro Devices and Broadcom all […]
Read More
European markets mixed as Germany’s DAX hits record high; Oil and gas stocks down 3%
Oil and gas stocks trade lower after IEA says oil market facing ‘sizeable surplus’ A pump jack in Midland, Texas, US, on Thursday, Oct. 3, 2024. Anthony Prieto | Bloomberg | Getty Images Oil and gas stocks were 3% lower at 9:45 a.m. in London, after the International Energy Agency said the oil market was […]
Read More
European markets little changed as the new trading week kicks off
Luxury stocks pull back as investors weigh China stimulus plans European luxury stocks pulled back Monday as investors assessed the latest hints about stimulus measures out of China. Shares of Gucci-owner Kering were down 3.6% by 9:35 a.m. London time, while LVMH fell 2.74%, and shares in Burberry and Christian Dior pulled back by around […]
Read More
UK economy grows 0.2% in August, in line with expectations
Alexander Spatari | Moment | Getty Images LONDON — The U.K. economy grew 0.2% in August on a month-on-month basis, flash figures published by the Office for National Statistics showed Friday. Gross domestic product (GDP) came in line with the expectations of economists polled by Reuters, who had forecast growth of 0.2%. Britain’s economic growth […]
Read More
European markets move lower as investors brace for U.S. inflation data
European markets moved lower Thursday morning as investors await the latest U.S. inflation data for more signs that price pressures are easing. The pan-European Stoxx 600 was up 0.18% in opening trade, with sectors and major bourses diverging. Insurance stocks led gains, up 0.49%, as Hurricane Milton’s devastating hit to Florida pointed to stronger prospects […]
Read More