The European Commission will make an assessment of banks it banned from EU Recovery Fund bond issuance very soon, which could see lenders re-admitted to the process, sources familiar with the situation told Reuters on Wednesday. The European Union has excluded some of the biggest investment banks with past...
European stocks inched to fresh peaks on Thursday as the European Central Bank raised its recovery outlook and promised to keep ample stimulus flowing, while travel stocks fell after a recent run of gains. The pan-European STOXX 600index was up just 0.1%, but at a fresh record high of...
European stocks remained near record highs on Wednesday, with investors holding off on taking big bets ahead of a policy decision from the European Central Bank and a U.S. inflation reading later this week. The pan-European STOXX 600index closed 0.1% higher, but stayed just short of a record high...
European stocks hit record highs on Monday as another run of gains in automakers more than offset early declines in commodity-linked shares sparked by downbeat China export data. The European automobiles and parts index rose 0.9% to reach its highest since March 2015, extending a 5.3% rally from last...
European shares closed at a record high on Thursday boosted by Airbus after the planemaker hiked its jet output targets, while German shares weakened after shares in pharmaceuticals maker Bayer were hit by a court ruling. The pan-European STOXX 600index rose 0.3% to 446.44 points, a record closing high....
Britain is open to providing support for steel as a strategic sector, but nationalising Liberty Steel after the collapse of its main lender was unlikely, business secretary Kwasi Kwarteng said on Tuesday. Liberty and the rest of Sanjeev Gupta’s family conglomerate have been seeking to refinance its cash-starved web...
European stocks slid on Thursday, tracking a selloff on Wall Street, as a rapid rise in U.S. inflation spooked investors, while a drop in commodity prices weighed on heavyweight miners. The pan-European STOXX 600 indices fell 1.0%, heading further away from all-time highs. British luxury brand Burberry tumbled 8.8%...
European stock markets are seen weakening at the open Tuesday, following the previous session’s tech-led selloff on Wall Street on increased inflation worries. At 2:05 AM ET (0705 GMT), the DAX futures contract in Germany traded 0.4% lower, CAC 40 futures in France dropped 1.1% and the FTSE 100...
European stock markets are seen opening higher Monday, following the global trend, with investors sanguine about the economic recovery despite Friday’s disappointing U.S. employment report. At 2:05 AM ET (0705 GMT), the DAX futures contract in Germany traded 0.2% higher, CAC 40 futures in France climbed 0.3% and the...
European stock markets are seen edging higher at the open, continuing the positive tone from the previous session, as investors digest more corporate earnings ahead of a Bank of England meeting. At 2:05 AM ET (0705 GMT), the DAX futures contract in Germany traded 0.1% higher, CAC 40 futures...