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European markets head for lower open as investors eye U.S. megabill, trade updates
Air France-KLM to take majority stake in SAS Airline group Air France-KLM says it is initiating proceedings to take a majority stake in Scandinavia’s SAS, upping its holdings in the company to 60.5% from just under 20%. Air France-KLM hopes to close the deal in the second half of next year. SAS CEO Anko van […]
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CNBC Daily Open: Rely on the official U.S. jobs report, but consider what ADP is saying
A hiring sign on a Taco Bell window on June 25, 2025 in Austin, Texas, U.S. Brandon Bell | Getty Images News | Getty Images There’s a scene in the cinematic masterpiece Mean Girls in which a character writes in big bloody script: “DO NOT TRUST HER.” Apologies in advance to the good folks at […]
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European stocks set to open higher as traders monitor UK turbulence, await U.S. jobs report
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CNBC Daily Open: Wall Street disregards job losses to focus on cheaper shoes from Vietnam
White Nike sneakers on June 26, 2025 in Paris, France. Edward Berthelot | Getty Images Entertainment | Getty Images If I had to choose between having a job and paying less for Nike shoes, you’d see me run barefoot to the office. Wednesday’s market moves, however, suggested that Wall Street preferred the cheaper shoes. […]
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Wind power firms Vestas and Orsted jump on U.S. bill update
European markets open higher European stock markets moved higher in early Wednesday deals, with the Stoxx 600 index up 0.35% shortly after the open. Mining and banking stocks are leading gains, both up around 1.2%. Stock Chart IconStock chart icon Stoxx 600 index. Danish wind turbine makers Vestas and Orsted have jumped 8.4% and 5%, […]
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CNBC Daily Open: Lower U.S. interest rates? The could-have-beens hurt the most
U.S. Federal Reserve Chair Jerome Powell looks on, on the day he testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress,” on Capitol Hill in Washington, D.C., U.S., June 25, 2025. Kevin Mohatt | Reuters It’s the what-could-have-beens that hurt the most. The childhood […]
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Euro rises after euro zone inflation hits ECB’s 2% target
European government borrowing costs fall Yields on European government bonds moved lower in the wake of the latest euro zone inflation print, which showed inflation hit the ECB’s 2% target in June. The yield on the German 10-year bund — seen as a benchmark for the euro zone — was 4 basis points lower by […]
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British pound gains as UK-U.S. trade deal cuts autos, aviation tariffs
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European stocks have surged in the first half. How will they perform for the rest of 2025?
European shares surged in the first half of the year, massively outperforming stocks on Wall Street — but market watchers are divided on the potential for the trend to continue. As of Friday’s close, the pan-European Stoxx 600 index has gained 7% so far this year. Germany’s DAX index has surged 20% year-to-date, while the […]
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CNBC Daily Open: Wall Street is chill, cheeky and cruising
Jerry O’Callaghan, former chairman of JBS SA, center, speaks with a trader on the floor of the New York Stock Exchange in New York, U.S., on Wednesday, June 25, 2025. Michael Nagle | Bloomberg | Getty Images I am Spriha Srivastava, CNBC International’s executive editor for digital, and I am writing to you today from […]
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