Germany
European markets set for lower open as central banks take center stage
European markets are heading for a negative open Tuesday as central banks take center stage this week. The U.K.’s FTSE 100 index is expected to open 18 points lower at 8,240, Germany’s DAX down 22 points at 20,291, France’s CAC down 12 points at 7,342 and Italy’s FTSE MIB down 129 points at 34,618, according to […]
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German Chancellor Olaf Scholz loses confidence vote, clearing the way for February election
German Chancellor Olaf Scholz will undergo a vote of confidence in Parliament on Monday, December 16. Michael Kappeler | Picture Alliance | Getty Images German Chancellor Olaf Scholz on Monday lost a confidence vote in the country’s Bundestag, clearing the path for an early election in February. Scholz was expected — and hoping — to […]
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Europe stocks open lower; French stocks slide after Moody’s credit downgrade; Broadcaster Canal+ lists in London
European markets opened lower Monday, as traders gear up for a final week of central bank action. The regional Stoxx 600 index opened 0.09% lower, with travel stocks leading losses. France’s CAC 40 index dropped 0.36% as investors assessed credit rating agency Moody’s surprise Saturday decision to downgrade the country’s score to Aa3, from Aa2 […]
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Adidas’s German headquarters raided in connection with tax investigation
The “Arena” office building at the headquarters of the sporting goods manufacturer adidas AG is reflected in an artificial lake. Daniel Karmann | Picture Alliance | Getty Images Adidas’s German headquarters were raided on Tuesday in connection with a years-long tax investigation, the company confirmed to CNBC in a statement. Authorities are investigating customs and […]
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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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Contentious budget plans are wreaking political havoc across Europe
France’s Prime Minister Michel Barnier ponders 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 once again stands on the brink of collapse, after Prime Minister Michel Barnier refused to bend to demands from right […]
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Stellantis shares slide 8% after CEO departure as broader European markets decline
Euro slides with French government on brink The euro tumbled 0.72% against the U.S. dollar, trading at $1.0497 at 8:40 a.m. in London, as traders monitored political volatility in France. The odds that the fragile government led by Michel Barnier will be toppled in a no-confidence vote by the far-right and a left-wing coalition appeared […]
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How to ‘tariff-hedge’ your European portfolio, according to TS Lombard
As Europe faces the prospect of tariffs on its exports to the United States, TS Lombard has advised investors in the region on how to “tariff-hedge” their portfolios. U.S. President-elect Donald Trump warned ahead of his election win that he would introduce a blanket tariff of up to 20% on all imports . This week […]
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European markets head for higher open; U.S. markets are closed for Thanksgiving
UK consumer confidence ‘remains weak,’ retail trade group says Shoppers visit York Christmas Market ahead of Black Friday on November 25, 2024 in York, England. Ian Forsyth | Getty Images News | Getty Images U.K. consumer confidence remains weak in the aftermath of the Labour government’s landmark first budget in October, according to a November […]
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