Page 4 - Europe Economy

Euro testing support as Russia-Ukraine crisis looms large over growth

The euro was under pressure on Wednesday as intensifying Russian bombardment of Ukraine's cities and a surging oil price raised investor concerns about a hit to Europe's economy and growth

European shares plunge as investors assess Russia-Ukraine crisis

STOXX eyes lowest level in four months, tech stocks drop 2.5%; Valneva up on vaccine manufacturing grant in Scotland

Now or never: European banks strive for comeback against Wall Street

European lenders lost ground to US rivals during the pandemic because volatile markets boosted the earning power of US banks' outsized trading arms.

Bulgaria now Europe's 6th poorest country with GDP per capita at 12.77 euro

A brief overview of the poorest countries in Europe, measured as gross domestic product per capita converted into euros.

European stocks climb on investor optimism over economic growth

The Stoxx 600 Europe Index added 0.2% by 8:05 a.m. in London, with miners, consumer products and technology sectors outperforming.

World shares mixed after retreat on Wall Street

Shares were higher in Europe on Monday after a retreat in Asia, where some markets including those in Tokyo and Shanghai were closed for holidays. London was also closed for the May Day holiday. Hong Kong and Seoul declined while Paris and Frankfurt advanced. US futures were higher. Oil prices were mixed and the yield on the 10-year Treasury note was steady at 1.62 per cent. Markets have mostly climbed in recent weeks as investors remain optimistic that the pandemic is slowly and steadily coming to a close, at least in the United States. Germany's DAX climbed 0.6 per cent to 15,226.91 while the CAC 40 in Paris was 0.5 per cent higher, at 6,298.02. The futures for the S&P 500 and the Dow industrials were up 0.5 per cent. The global recovery from the pandemic remains uneven. In much of Asia and many other countries, coronavirus caseloads have surged while vaccination levels remain low. Hong Kong's Hang Seng lost 1.3 per cent to 28,357.54 and the Kospi in South Korea slipped 0.7 pe

Euro set for biggest monthly drop since mid-2019 on economy fears

Against a basket of its rivals, the dollar steadied at 92.810, just below a November 2020 high of 92.92 hit last week

Tata Steel, UPL, Tata Motors: Bear grip firm on stocks with UK exposure

A Gap down closing on December 21, 2020 dismantled the upside bias in Tata Steel stock

Euro zone business activity shrinks but Covid vaccine hopes boost optimism

The bloc's economy is on track for its first double-dip recession in nearly a decade as a second wave of the coronavirus sweeps across Europe, a Reuters poll suggested last week

ECB eyes more bond buys, cheap loans to keep euro zone afloat: Lagarde

Lagarde said inflation in the 19-country bloc was now likely to remain negative for longer than expected as a second wave of the COVID-19 outbreak forces new restrictions on economic activity.

Rolls-Royce Holdings stock hits 17-year low as slump deepens for airlines

Europe's biggest airline will pull 150 jets by mid-decade, 50 more than in its previous plan

Swedish govt promises $12 billion to kick-start economy in 2021 budget

The Social Democrat and Green coalition said the budget would focus would be on boosting jobs among others.

Europe's Covid surge looks less deadly as rise in testing keeps deaths low

Many of the infections stem from younger people traveling and partying during the summer holidays, and some of those cases have been asymptomatic

Euro zone business activity returned to modest growth in July: PMI

Euro zone business activity returned to modest growth in July as some curbs to stop the spread of coronavirus were lifted, but rebound in bloc's dominant service industry was not as sharp as expected

Covid-19 impact on GDP to be felt for years in advanced economies: Fitch

Huge uncertainties surround the economic outlook in aftermath of the massive shock in H1 2020

ECB prepares more aid for euro zone economy to help Covid-induced recession

The ECB makes it clear it will do its part and the severity of the recession argues for earlier action

Euro zone economy to shrink between 8% and 12% this year: Christine Lagarde

Lagarde said the actual outcome would be between the "medium and "severe" scenarios

World coronavirus dispatch: Barack Obama goes after Trump admin's response

From Obama going after Trump admin's handling, to Brazil continuing to be in trouble, to how college may look like in fall and beyond

Covid-19: European tourism requires 375 bn euros to recover, says report

Most affected, according to the ETC director, will be "the countries where the GDP is more dependent on tourism, as is the case of Greece, Portugal, Spain and Italy."

Coronavirus infections near 500,000; Europe's healthcare systems buckle

Spain has converted hotels into makeshift hospitals and turned an ice rink in Madrid into a temporary morgue