Breaking News: Europe
Swiss government proposes tough new capital rules in major blow to UBS
Key Points The Swiss government proposed strict new capital rules that would require banking giant UBS to hold an additional $26 billion in core capital. The measures would also mean that UBS will need to fully capitalize its foreign units and carry out fewer share buybacks. The Swiss National Bank said it supported the measures […]
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European Central Bank trims interest rates after inflation dips below target
The European Central Bank on Thursday announced a 25-basis-point interest rate trim and lowered its inflation expectations on the back of a stronger euro and lower energy costs. This takes the deposit facility rate to 2%, down from a mid-2023 high of 4%. Ahead of the announcement, traders had been pricing in an almost 99% […]
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European stocks set to open higher as ECB widely expected to cut interest rates
British fintech Wise to move primary listing to the U.S. in blow to London stock exchange The Wise logo displayed on a smartphone screen. Pavlo Gonchar | SOPA Images | LightRocket via Getty Images British money transfer firm Wise on Thursday said that it plans to move its primary listing location to the U.S., dealing […]
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European markets set to open higher, shrugging off Trump’s 50% metals tariffs
Trump’s 50% steel tariffs could see European steelmakers lower prices The European steel industry is set to see a mixed impact on prices after U.S. President Donald Trump said tariffs on steel imports will double from 25% to 50% on June 4. The latest tariffs will cause U.S. domestic prices of steel to increase, which […]
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Euro zone inflation falls to cooler-than-expected 1.9% in May, below ECB target
Shoppers buy fresh vegetables, fruit, and herbs at an outdoor produce market under green-striped canopies in Regensburg, Upper Palatinate, Bavaria, Germany, on April 19, 2025. Michael Nguyen/NurPhoto via Getty Images Euro zone inflation fell below the European Central Bank’s 2% target in May, hitting a cooler-than-expected 1.9% on sharp declines in services, flash data from […]
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U.S. growth forecast cut sharply by OECD as Trump tariffs sour global outlook
Old Navy and Gap retail stores are seen as people walk through Times Square in New York City on April 9, 2025. Angela Weiss | Afp | Getty Images Economic growth forecasts for the U.S. and globally were cut further by the Organisation for Economic Co-operation and Development as President Donald Trump’s tariff turmoil weighs […]
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European markets are set to open higher ahead of flash inflation data
Here are the opening calls London was the No. 2 most-visited city in the world for 2023, according to Euromonitor International. Karl Hendon | Moment | Getty Images Good morning from London and welcome to CNBC’s live blog covering all the action in European financial markets, as well as business news, analysis, earnings and data. […]
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German inflation eases to hotter-than-expected 2.1% in May
19 May 2025, Berlin: Apricots are sold at a greengrocer for 7.98 euros per kilogram. Grapes and papaya are also on offer. Photo by Jens Kalaene/picture alliance via Getty Images Germany’s annual inflation hit 2.1% in May approaching the European Central Bank’s 2% target but coming in slightly hotter than analyst estimates, preliminary data from […]
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Auto giant Stellantis appoints Antonio Filosa as new CEO
Stellantis North America COO and Jeep CEO Antonio Filosa speaks during the Stellantis press conference at the Automobility LA 2024 car show at Los Angeles Convention Center in Los Angeles, California, November 21, 2024. Etienne Laurent | Afp | Getty Images Auto giant Stellantis on Wednesday appointed North American chief operating officer Antonio Filosa as […]
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EasyJet shares fall 1.8% after first-half loss widens
Banco BPM says regulation decision to suspend UniCredit takeover bid is ‘abnormal’ Italy’s Banco BPM has criticized as “abnormal” a late-Wednesday decision by Italian market regulator Consob to suspend for 30 days a takeover bid for the bank launched by domestic rival UniCredit. Banco BPM had rejected the $10.5 billion purchase offer in November, while […]
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