STOXX 600
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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CNBC Daily Open: It’s hard to imagine a ‘Trump put’ for a deficit-induced U.S. market sell-off
With Speaker of the House Mike Johnson (R-LA) by his side U.S. President Donald Trump speaks to the press following a House Republican meeting at the U.S. Capitol on May 20, 2025 in Washington, DC, U.S. Tasos Katopodis | Getty Images News | Getty Images It’s one bad headline after another coming from the White […]
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Sterling gains 0.5% after UK inflation leaps in April: Live updates
M&S cyberattack to cost retailer $400 million People walk past a Marks & Spencer store. Sopa Images | Lightrocket | Getty Images British retail giant M&S said Wednesday that a recent cyberattack, which brought online sales to a standstill and left food shelves bare, would cost it around £300 million ($403 million) in operating profit. […]
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European stocks look set to build momentum after lackluster start to the week
Swiss Life first-quarter income jumps Insurer Swiss Life said in a trading update on Tuesday that its fee income rose 3% year on year in the first quarter of 2025, reaching 659 million Swiss francs ($791 million). Its premiums also rose by 6% from the previous year to 7.9 billion Swiss francs. The company said […]
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UK government borrowing costs jump, sterling rallies as Britain and EU agree to reset relations
U.K. bond yields rise after UK-EU deal British government bond yields are also on the rise in the wake of the EU and the U.K. agreeing to reset their post-Brexit relations. Yields on 10-year U.K. government bonds, known as gilts, were up by around 7 basis points at 9:58 a.m. in London. Bond yields and […]
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CNBC Daily Open: Downgrade of U.S. credit rating adds new complication to U.S. stock market
Pedestrians walk past the north entrance to the U.S. Treasury Department headquarters building on April 30, 2025, in Washington, DC. J. David Ake | Getty Images U.S. stocks popped last week on the back of a trade truce between America and China, in which they mutually agreed to cut tariffs for 90 days. Technology stocks […]
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UK economy grows by faster-than-expected 0.7% in first quarter: Live updates
Enjoy the moment UK: Economists don’t think robust growth is here to stay Ye Grapes pub Shepherd Market in the exclusive area of Mayfair on 9th May 2025 in London, United Kingdom.es) Mike Kemp | In Pictures | Getty Images The U.K.’s robust and better-than-expected economic performance will be cheered by the country’s leadership in […]
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CNBC Daily Open: Nvidia is back in the green amid Trump’s dealmaking
NVIDIA CEO Jensen Huang and U.S. President Donald Trump shake hands at an ‘Investing in America’ event in Washington, D.C., U.S., April 30, 2025. Leah Millis | Reuters The “Magnificent Seven” group of stocks — comprising Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia and Tesla — drove much of the S&P 500’s sterling 23.31% gain […]
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European stocks open in positive territory as trade uncertainty lingers; Munich Re drops 5%
German reinsurers take 1.4-billion-euro hit from LA wildfires German reinsurers posted losses of more than a billion euros on the back of the Los Angeles wildfires. Munich Re, the world’s largest reinsurance company, said it took a loss of about 800 million euros ($889 million) in the first quarter of 2025 due to the wildfires […]
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CNBC Daily Open: The U.S.-China deal revives markets and the idea of a ‘Trump put’
Chinese President Xi Jinping and President Donald Trump at the G-20 Summit in Osaka on June 29, 2019. Brendan Smialowsi | AFP | Getty Images Over the weekend, both the U.S. and China agreed to reciprocally slash tariffs on each other for 90 days from 125% to 10%. That’s much more than expected, as Trump […]
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