European stocks fell at the open on Thursday, as investors assessed mixed business results announced by companies in the region, and disappointing financial results from two US giants, Netflix and Tesla, weighed on sentiment. The pan-European STOXX 600 index was down 0.2 percent by 0705 GMT. Frankfurt-listed shares of Netflix …
Read More »Inflation in the Eurozone slowed in June to 5.5%
Inflation in the Eurozone slowed to 5.5% in June, in line with expectations, after 6.1% in May. Inflation in the eurozone for the month of June came in at the lowest level since January 2022. Despite this slowdown, core inflation, which excludes volatile items such as food and energy, rose …
Read More »Kering stock raises the Stoxx 600
European stocks rose on Wednesday, supported by a boost from Kering after it appointed a new CEO for Gucci, while stocks rose in London after data showed a slower-than-expected inflation in Britain. The pan-European Stoxx 600 index rose 0.5% by 0706 GMT, extending its gains for the second consecutive session. …
Read More »Calmness prevails in European stocks and the rise of the Swiss index thanks to Novartis earnings expectations
European stock markets were calm on Tuesday as telecoms stocks fell, while Swiss stocks outperformed their regional peers after the earnings forecast for pharmaceutical company Novartis was raised. The European Stoxx 600 index settled at 457.71 points by 0711 GMT. The index took a hit on Monday after shares of …
Read More »European stocks fall after Underwhelming Chinese growth data
After the announcement of dismal Chinese GDP figures, European stock markets declined on Monday as the second quarter results season got underway. At 07:30 GMT, the FTSE 100 in the United Kingdom traded down 0.1%, the CAC 40 in France dropped 0.7%, and the DAX index in Germany traded down …
Read More »European stocks open lower, but are heading for their best weekly performance in more than 3 months
European stocks fell on Friday but remain on course for their biggest weekly percentage jump in more than three months, driven by hopes the Federal Reserve will stop raising interest rates soon as inflation subsides. The pan-European Stoxx 600 index was down 0.2 percent by 0702 GMT. However, it rose …
Read More »European stocks rise, but mixed data limit gains
European stocks rose Thursday, July 13, as US inflation data boosted hopes that the US Federal Reserve is about to end the monetary tightening cycle after the Corona virus pandemic, although a mixed set of economic data limited the increase in gains. The pan-European Stoxx 600 index rose 0.1% by …
Read More »European stocks rise ahead of the release of US inflation data
European stocks rose on Wednesday ahead of the release of US inflation data that will determine whether the Federal Reserve is close to ending its monetary tightening cycle. The pan-European Stoxx 600 index rose 0.3 percent in early trade. US data, due at 1230 GMT, is expected to show the …
Read More »European stocks fell after Chinese data raised fears of deflation
European stocks fell on Monday, after recording big weekly losses, as below-expected inflation data in China stoked fears of weak demand, while investors awaited US inflation data as well as corporate earnings due later this week. The pan-European STOXX 600 index fell 0.3 percent in early trading, with China-linked miners …
Read More »European stocks drop ahead of the US jobs report
European stocks fell on Friday, continuing the heavy losses incurred in the previous session, in the wake of US data that showed that the labor market remains strong, while investors await an important report on US jobs, which is scheduled to be issued later in the day, to search for …
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