Breaking News: Europe
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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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European markets trade higher but sentiment dampened by volatility in China
European markets traded slightly higher Wednesday as positive sentiment wavered in the region, spurred on by volatility in China. The pan-European Stoxx 600 index opened just 0.06% higher but strengthened slightly to trade up 0.2% by mid-morning, with only the banks and technology sectors in negative territory. Regional markets traded and closed lower Tuesday, with […]
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Mining giant Rio Tinto to acquire Arcadium Lithium in $6.7 billion deal
The Rio Tinto Ltd. booth on the opening day of the Investing in African Mining Indaba in Cape Town, South Africa, on Monday, Feb. 6, 2023. Dwayne Senior | Bloomberg | Getty Images The world’s second-largest miner Rio Tinto said Wednesday it will acquire U.S. lithium producer Arcadium for $6.7 billion. Rio Tinto said the […]
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LVMH and Kering shares slump as European markets retreat from China stimulus rally
European markets opened lower Tuesday as regional sentiment sours further after a shaky start to the week, with investors watching the conflict in the Middle East closely and its potential impact on oil markets, supply chains and the global economy. The pan-European Stoxx 600 was down 0.81% in early deals, with all sectors and major […]
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