UK labor market eases as wage growth remains strong The U.K. employment rate ticked 0.2 percentage points higher on the quarter to 75.1% between December 2024 and February 2025, the Office for National Statistics said in a labor market report published Tuesday. In an initial estimate, the number of payrolled employees fell 0.3% month on…
European stocks dropped sharply on Monday, deepening a global market rout that kicked off last week following the latest announcements of U.S. President Donald Trump’s tariffs regime. The pan-European Stoxx 600 was 6% lower shortly after the opening bell, with all sectors and major bourses suffering significant losses. Germany’s DAX index was more than 9.5%…
Danger for markets is that tariff uncertainty drags on: RBC Brewin Dolphin Uncertainty may keep having a “spook effect” on markets even after U.S. President Donald Trump’s highly anticipated tariff announcement on Wednesday, Zoe Gillespie, chartered wealth manager at RBC Brewin Dolphin, told CNBC’s “Squawk Box Europe” on Wednesday. “The danger is we don’t get…
European markets are heading for a lower open Friday, rounding off a volatile week marked by whipsawing policy on U.S. tariffs, the latest rate cut from the European Central Bank, German fiscal reforms and a regional defense spending boost. According to IG data, the U.K.’s FTSE 100 is set to open 48.9 points lower at…
Ukraine’s President Volodymyr Zelensky, Britain’s Prime Minister Keir Starmer and France’s President Emmanuel Macron hold a meeting during a summit at Lancaster House in central London on March 2, 2025. European leaders descended upon London for talks to “drive forward” action on Ukraine, according to the office of UK Prime Minister Keir Starmer. Justin Tallis…
European markets opened lower Thursday after U.S. President Donald Trump on Wednesday once again threatened to impose 25% tariffs on imports from the European Union. The Stoxx 600 index was down 0.44% at 9:28 a.m. led by losses in autos, which were down 3.2%. The highly globalized sector was rattled earlier this month by expectations of…
Renault reports record operating profit and revenue beat French automaker Renault on Thursday posted its highest-ever annual operating profit while revenues came in well above expectations, as the company said its “unprecedented” flurry of product launches had boosted performance. Group revenue increased 7.4% year on year to 56.2 billion euros ($58.6 billion), ahead of the…
European stock markets opened lower on Friday after hitting record highs earlier this week. The pan-European Stoxx 600 index moved 0.1% lower when markets opened. The U.K.’s FTSE 100 was down by 0.25%, and Germany’s DAX was lower by 0.3%. Meanwhile, France’s CAC 40 opened flat. Asia-Pacific markets were mixed Friday, after Wall Street rose…
Grainger CEO says company performance should ‘return’ with high occupancy and good rental growth Helen Gordon, the CEO of the U.K.’s largest residential landlord Grainger, said the company’s performance should rebound with high occupancy and good rental growth over the next year, in an interview with CNBC host Sylvia Amaro on “Street Signs Europe.” Gordon…
LONDON — European stocks opened higher Wednesday, continuing the positive sentiment seen in global markets since the start of the week. The U.K.’s FTSE index and France’s CAC 40 opened 0.1% higher, and Germany’s DAX was in the green with 0.7% at the open, propelled in part by Adidas shares. The pan-European Stoxx 600 was…