Germany
European markets open slightly lower; gold prices climb to a fresh record high
European markets open slightly lower European markets opened slightly lower on Monday. The pan-European Stoxx 600 traded down 0.1% shortly after the opening bell, with most sectors in negative territory. — Sam Meredith BofA’s Michael Widmer explains why gold could be the ‘ultimate safe haven asset’ The fundamental backdrop is “quite good” for gold prices […]
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Germany’s auto giants are struggling to stay relevant
A VW Golf GTI stands in a parking lot within sight of the brand tower on the grounds of the VW plant in Wolfsburg, Germany. Julian Stratenschulte| Picture Alliance | Getty Images Germany’s automotive sector, long recognized for producing reliable and innovative internal combustion engine (ICE) cars, is struggling to preserve its relevance in the […]
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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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Lufthansa fined record $4 million for discriminating against Jewish passengers
Lufthansa airplanes are parked on the tarmac at Frankfurt airport, Germany. Ralph Orlowski | Reuters Germany’s flagship airline has been fined $4 million by the U.S. Department of Transportation over allegations it discriminated against a group of Jewish passengers. The regulator said Tuesday that Lufthansa had prohibited 128 people wearing traditional Orthodox Jewish clothing from […]
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European markets turn lower after starting the new trading week with positive momentum
A stock trader looks at his monitors in the trading room of the Frankfurt Stock Exchange. Worries about a new coronavirus mutation in southern Africa have dealt a major blow to the German stock market. Arne Dedert | Picture Alliance | Getty Images LONDON — European stocks started the new trading week on a positive […]
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Online retailer Shein to hold roadshows soon ahead of London IPO, Reuters reports
The logo of fast fashion e-commerce company Shein outside its office in Guangzhou in southern China’s Guangdong province. Jade Gao | Afp | Getty Images Shein is set to hold informal investor meetings in the coming weeks for its planned London initial public offering, three sources with knowledge of the matter said, pushing ahead with preparations […]
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European markets close 1% lower as investors focus on Middle East escalation
Smoke rises from a building destroyed by an Israeli airstrike as journalists and local residents visit during a press tour on October 2, 2024 in Beirut, Lebanon. Daniel Carde | Getty Images LONDON — European stocks ended the day lower on Thursday as conflict in the Middle East weighed on regional investor sentiment. The pan-European […]
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German inflation drops to 1.8% in September, below expectations
Shoppers at the Alexanderplatz in Berlin, Germany, on Wednesday, Sept. 25, 2024. Krisztian Bocsi | Bloomberg | Getty Images The harmonized German consumer price index eased to 1.8% in September, coming in lower than expected, preliminary data from the country’s statistics office Destatis showed on Monday. The September harmonized CPI figure had been forecast to come […]
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European shares surge to fresh record highs as luxury giants rally on China stimulus
Krisztian Bocsi | Bloomberg | Getty Images LONDON — European markets were higher Friday, tracking gains in China on news of a stimulus blitz, while investors also weighed fresh inflation data. The pan-European Stoxx 600 was 0.3% higher at around 11:50 a.m. London time, with most sectors and major bourses in positive territory. Autos and […]
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UniCredit’s pursuit of Commerzbank reflects a watershed moment for Europe — and its banking union
Key Points European banking’s latest takeover battle is widely regarded as a potential turning point for the region — particularly the bloc’s incomplete banking union Italy’s UniCredit has ratcheted up the pressure on Frankfurt-based Commerzbank in recent weeks as it seeks to become the biggest investor in Germany’s second-largest lender with a 21% stake. The Milan-based bank, […]
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