European markets are expected to open higher Wednesday as markets keep an eye on a spike in tensions in the Ukraine-Russia war. The U.K.’s FTSE 100 index is expected to open 4 points higher at 8,106, Germany’s DAX up 46 points at 19,108, France’s CAC up 23 points at 7,252 and Italy’s FTSE MIB up 118…
European markets moved higher Thursday as traders assessed the global inflation outlook and the possible trajectory of central bank rate cuts. The pan-European Stoxx 600 was up 0.5% in early deals, with the majority of sectors and major bourses trading in the green. Tech stocks led gains, up 1.72%, while household goods ticked 0.36% lower….
European stocks are expected to open positive territory Wednesday, with global markets focused on upcoming U.S. inflation data. The U.K.’s FTSE 100 index is expected to open 36 points higher at 8,056, Germany’s DAX up 38 points at 19,081, France’s CAC up 11 points at 7,356 and Italy’s FTSE MIB up 68 points at 33,335, according…
DHL Group CEO: anticipating ‘a normal peak season’ DHL Group CEO Tobias Meyer on Tuesday told CNBC that the German logistics giant is anticipating “a normal peak season,” as business-to-consumer parcel shipping sees “good pickup” in Europe. This is taking place even as “Europe is wrestling with relatively weak development,” he said. DHL Group earlier…
Euro zone economy grows 0.4% in third quarter The euro zone economy grew 0.4% in the third quarter of 2024, beating expectations, flash figures from the European Union’s statistics agency showed Wednesday. This was above the 0.3% increase the zone recorded in the second quarter and also ahead of the 0.2% growth economists polled by…
European markets were slightly higher Tuesday as traders in the region digested the latest slew of earnings reports. The pan-European Stoxx 600 was up 0.10% by 10:20 a.m. London time, with sectors slipping into mixed territory. Mining stocks added 1.14% while travel and leisure stocks slipped 0.52%. HBSC‘s London-listed shares added 4.5% after it issued…
European markets traded lower Wednesday morning as global market sentiment took a turn for the worse. The pan-European Stoxx 600 index was down 0.3% by mid-morning with the majority of sectors in negative territory. The FTSE 100 was an outlier among major regional bourses, up 0.6% after the latest U.K. data showed the inflation rate…
Oil and gas stocks trade lower after IEA says oil market facing ‘sizeable surplus’ A pump jack in Midland, Texas, US, on Thursday, Oct. 3, 2024. Anthony Prieto | Bloomberg | Getty Images Oil and gas stocks were 3% lower at 9:45 a.m. in London, after the International Energy Agency said the oil market was…
China’s central bank launches $71 billion liquidity tool for stock markets China’s central bank announced it would start accepting applications from financial institutions to join a newly created liquidity tool to help facilitate investors to buy shares. Eligible security firms, fund companies and insurers are eligible to apply to the “swap scheme” — initially worth 500…