European Markets

Europe's inflation eases to 6.9% as energy prices fall, food still up

Inflation in the 20 countries that use the euro currency slowed to 6.9 per cent in March, the lowest level in a year, with food costs still on the rise while energy prices fell, making a sharp turnaround after months of punishing increases. Consumer prices in the eurozone dropped from the 8.5 per cent recorded in February, according to data released Friday by the European Union's statistics agency, Eurostat. The inflation has dropped to its lowest level in a year since since peaking at 10.6 per cent in October. But prices for food, alcohol and tobacco rose by a painful 15.4 per cent, faster than the previous month's 15 per cent, in a sign that European consumers are still getting squeezed. Energy prices, however, fell 0.9 per cent an abrupt change of direction after rising at double-digit rates over the past year. Russia's war in Ukraine pushed up prices for natural gas used to heat homes and generate electricity, fueling overall inflation, but the latest reading indicates that a

Euro, sterling fall sharply against dollar amid jitters over European banks

Risk aversion also sent sterling 0.6% lower to $1.2214, despite data showing the British economy was set to grow in the first quarter and confidence was growing

European bank stocks under pressure; Credit Suisse tumbles to a new low

Investors rushed back into safe-havens, with two-year German bond yields down 21 basis points at 2.71%

Ukraine, Latvia agree to Ukraine's Euro, Euro-Atlantic integration

Ukrainian President Volodymyr Zelensky and his visiting Latvian counterpart, Egils Levits, have signed a joint declaration confirming Latvia's support

European shares struggle, bond yields jump after bright economic data

Euro zone business activity gathered steam, expanding much faster than thought, according to a survey, buoyed by a growth in services even as the manufacturing sector shrank

Statsguru: A year later, effects of Russia-Ukraine war on global economy

European and Indian stocks are both higher today than when the conflict began

Ford to cut 3,800 jobs over next 3 years in Europe, mostly in Germany, UK

Ford said Tuesday that it will cut 3,800 jobs in Europe over the next three years in an effort to streamline its operations as it contends with economic headwinds and increasing competition on electric cars. The automaker said that 2,300 jobs will go in Germany, 1,300 in the UK and 200 elsewhere on the continent. It said that its strategy to offer an all-electric fleet in Europe by 2035 is unchanged and that production of its first European-built electric car is due to start later this year. The company said it is looking for a leaner, more competitive cost structure for Ford in Europe. It said that it will embark on consultations with the intent to achieve the reductions through voluntary separation programmes. Ford aims to cut 2,800 of the jobs in engineering by 2025, a result of the transition to electric cars that are less complex, though it plans to keep around 3,400 engineering jobs in Europe. The remaining 1,000 jobs will be cut on the administrative side. These are difficu

Spotify, 7 other firms call on European regulators to crack down on Apple

Audio streaming platform Spotify and 7 other European companies are calling on European Commission to take "swift and decisive action" against Apple over 'anti-competitive' and 'unfair' practices

European stock indexes rise on 'soft landing' hopes, China reopening

The euro was up 0.3% at around $1.0673, versus a 1.2% jump on Friday

What we have learned three days into the price cap on Russian oil

The unprecedented move by one set of countries to try to impose a price at which another can sell a commodity has drawn confusion among traders, and - from Moscow - a threat of retaliation

Scaling a new peak: FPIs, global cues propel Sensex past 63,000 mark

FPIs bought shares worth Rs 9,010 crore on Wednesday, according to provisional data from exchanges

Reserve Bank of India, Japanese regulator hold talks on clearing houses

Dialogue on clearing houses come after CCIL derecognition by ESMA, BoE

Over Rs 5,000-cr IPOs may hit mkts in Dec as investor sentiment perks up

Primary market momentum seen sustaining in an otherwise 'lacklustre' month

World's most expensive drug approved to treat hemophilia at $3.5 mn a dose

CSL Behring's Hemgenix, administered just once, cut the number of bleeding events expected over the course of a year by 54%, a key study of the therapy found

India, EU regulators standoff over clearing houses to affect BNP to HSBC

Recent changes in European Market Infrastructure Regulation demanded that ESMA must establish cooperation arrangements with countries that has their own central counterparties

Inflation struck European firms seek most emergency funds since pandemic

Firms grappling with high inflation and soaring operating costs are seeking fresh short-term liquidity lines in an echo of the worst days of the 2020 coronavirus pandemic

US, European shares rise on hopes Fed will slow interest rate hike pace

US and European shares rose on Monday as signs of a cooling U.S. economy raised hopes that the Federal Reserve will slow its pace of rate hikes

European stocks head higher on UK policy turnaround; yen hits fresh low

European stock indexes opened higher on Tuesday, in a revival of risk appetite which analysts attributed to the turnaround in UK fiscal policy

European stocks struggle for direction, sterling recovers after BoE warning

European stocks held steady in early trading on Wednesday, while sterling recovered after hitting a 13-day low

European stocks fend off Fed rate hike risks, yen drops to 24-year low

The broader focus however remained squarely on the risk of rising interest rates and painfully high energy prices causing recessions