The entrance of the London Stock Exchange Group building on Dec. 8, 2024. Manuel Romano | Nurphoto | Getty Images European markets opened higher on Tuesday, in a shortened trading session for Christmas Eve. At the opening bell, the pan-European Stoxx 600 was up by around 0.3%, with all sectors in positive territory. Tech stocks … Read more
Andrew Bailey, governor of the Bank of England, at the central bank’s headquarters in the City of London, U.K., on Nov. 29, 2024. Hollie Adams | Bloomberg | Getty Images Bank of England Governor Andrew Bailey on Wednesday signaled that the U.K. could be on track for four interest rate cuts over the next year, … Read more
Oscar Wong | Moment | Getty Images Euro is expected to hit parity with the dollar Economists expect the euro to fall to or even below parity with the U.S. dollar next year. That would mean the currencies had a 1:1 exchange rate. The euro is used by 20 of the 27 nations in the … Read more
Olaf Scholz, Germany’s chancellor, during a news conference at the Chancellery in Berlin, Germany, on Monday, Nov. 4, 2024. Krisztian Bocsi | Bloomberg | Getty Images Donald Trump’s election as U.S. President could mark yet another major blow for the struggling German economy. Germany narrowly, and unexpectedly, skirted a technical recession in the third quarter, … Read more
Passers-by walk in the pedestrian zone of the Bavarian capital. Peter Kneffel | Picture Alliance | Getty Images Germany’s inflation surged to 2.4% in October, back above the European Central Bank’s 2% target, even as the country narrowly avoided a technical recession in the third quarter. The preliminary print, announced by German statistics office Destatis, … Read more
Visitors pass shops on a pedestrianized street in the old town in A Coruna, Spain, on Thursday, Sept. 26, 2024. Manaure Quintero | Bloomberg | Getty Images Euro zone inflation fell to 1.8% in September, coming in below the European Central Bank’s 2% target, flash data from statistics agency Eurostat showed Tuesday. The reading was … Read more
Krisztian Bocsi | Bloomberg | Getty Images LONDON — European markets headed for a higher open on Friday as investors weighed the outlook for the economy and looked to fresh data. The U.K.’s FTSE 100 was last on track to add around 4 points to 8,287, Germany’s DAX was set to rise by 47 points … Read more
A market stall in the Kingston district of London in 2024. Bloomberg | Bloomberg | Getty Images LONDON — European markets dipped on Wednesday as investors considered key data from the region and looked to the U.S. Federal Reserve interest rate decision. The pan-European Stoxx 600 index was down 0.17% at 8:33 a.m. London time, … Read more
Shoppers walk along the high street in Rochester, UK, on Tuesday, July 16, 2024. Chris Ratcliffe | Bloomberg | Getty Images U.K. inflation rose to 2.2% in July, coming in slightly below expectations but inching back above the Bank of England’s 2% target, data from the Office for National Statistics showed Wednesday. Economists polled by … Read more
People shopping at the downtown market, Cour Lafayette, in Toulon, on July 27, 2024. Magali Cohen / Hans Lucas | Afp | Getty Images Headline inflation in the euro zone unexpectedly rose to 2.6% in July, the European Union’s statistics agency said Wednesday, even as price growth in the services sector eased slightly. In June, … Read more
