Category: European
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ForexLive European FX news wrap: Yen edgy to start the week
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Titles: Markets: Euro advances, US dollar lags during the day European stocks rise; S&P 500 futures rise 0.1% US 10-year bond yields rose 0.8 basis points to 4.265%. Gold rose 0.2% to $2,325.58 West Texas Intermediate crude rose 0.3% to $80.97 Bitcoin fell 4.9% to $61,023 It’s been a quiet…
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European markets lower after BOE holds interest rates steady
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Da-kook/E+ via Getty Images London (United Kingdom) -0.30% UK retail sales rose 2.9% in May Germany (DAX:IND) -0.35% Manufacturing and service activities in Germany declined in June France (CAC:IND) -0.34% Preliminary France PMI readings show manufacturing and services activity declined in June; France’s manufacturing climate index reached 99 in June…
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AI boom makes European universities the new Harvard and Stanford for tech talent
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The New Age dramatic tale of a college student striking gold on a billion-dollar idea shortly after putting on his graduation gown has been a very American dream for most of the 21st century. While Europe lagged behind the technology boom, the founders of Google, Meta, and Microsoft, who were…
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European shares rise as tech, banks rebound By Reuters
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Written by Shashwat Chauhan and Jesús Calero (Reuters) – European shares rose on Monday, with banking and technology shares rebounding from last week’s losses after political uncertainty in France sent markets into a panic, while Danish insurer Topdanmark rose on a takeover bid by Sambo. By 0816 GMT, the euro…
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European Futures Rise Ahead of Key US Indicators: Markets Wrap
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(Bloomberg) — European stock futures rose as traders eyed U.S. inflation data this week and the Federal Reserve’s monetary policy decision. Most read from Bloomberg Futures on the Euro Stoxx 50 rose 0.2% even as most Asian stocks fell. Treasuries crept higher in Asia, while the Bloomberg dollar gauge advanced…
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European indices close lower. Yields move higher.
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European indices close lower as yields rise. Markets are terrified as a result of the election results, which have shifted further to the right. In the standard 10-year sector: Germany 2.676%, +5.2 basis points France 3.239%, +13.4 basis points UK 4.329%, +7.5 basis points Spain 3.493%, +9.6 basis points Italy…
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Analysis-Gaza war rattles European politics from the left By Reuters
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Written by Reham Al-Koussa, Lily Foroudi, and David Latona BERLIN/PARIS/MADRID (Reuters) – Nader Aslam, a German of Moroccan-Pakistani origin, had planned to vote for the Green Party in this week’s European Parliament elections. Instead, he will throw his support behind Mera25, an emerging left-wing party with a clear pro-Palestinian stance.…
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ECB rate cut should be positive for European equities By Investing.com
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Goldman Sachs analysts expect the European Central Bank to cut interest rates next week, a move expected to be positive for European stocks. The bank cites historical data and says European stocks typically perform well after interest rate cuts as financial conditions ease and investors become more optimistic about growth.…
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One in fifteen European companies face restructuring pressure, with Germany, Austria, and the Nordics taking the lead
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One in fifteen European companies is facing significant restructuring pressure this year after being hit by high financing costs and weak consumer demand, with Germany, Austria and the Nordic countries particularly under pressure, according to a report issued by Boston Consulting Group. About a third of companies in Germany and…
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Seven Percent of European Firms Face Restructuring Pressure
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Breadcrumb links BMN Business One in fifteen European companies is facing significant restructuring pressure this year after being hit by high financing costs and weak consumer demand, with Germany, Austria and the Nordic countries particularly under pressure, according to a report issued by Boston Consulting Group. Article writer: Bloomberg News…
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FX lightly changed ahead of European morning trade
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The tension and attraction between major currencies has continued since last week. The dollar looked like it might finally fall early yesterday, but turned things around as yields rose. The latter influenced the risk-on sentiment and also helped maintain dollar support to start the week. Here’s a quick look at…
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European Stocks Slip as Fed Rate Bets Pushed Back: Markets Wrap
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(Bloomberg) — European stocks fell on Friday, tracking declines in the U.S. and Asia, as traders retreated from expectations of the Federal Reserve’s first interest rate cut. Most read from Bloomberg The Stoxx Europe 600 index fell 0.5%, heading for its first weekly decline in three weeks, with technology and…
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European chipmakers gain after Nvidia posts soaring revenues By Investing.com
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Investing.com – Shares of European chipmakers rose on Thursday, boosted by quarterly results from AI-focused semiconductor group Nvidia (NASDAQ:) that beat high expectations. Nvidia’s revenue in the three months through April 28 rose 262% from a year ago to $26 billion, beating Wall Street estimates of $24.7 billion. In the…
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European markets mixed as traders digest Fed minutes (EUR:USD)
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Caithpins/E+ via Getty Images LONDON (UKX) -0.19% UK Composite PMI fell to 52.80 points in May Germany (DAX:IND) +0.19% Germany’s composite manufacturing PMI beat expectations in May France (CAC:IND) +0.27% HCOB France Services PMI fell to 49.4 in May The Eurozone Services PMI (HCOB) reached 53.3 maybe. European STOXX 600…
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PMI data in focus in European trading today
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The dollar maintains its stability again, after the slight gains it achieved yesterday. USD/JPY is vying for last week’s high at 156.78 while EUR/USD is pulling back towards a test of its 100-day moving average at 1.0814. This comes after the Fed’s meeting minutes were released overnight, which although more…
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European markets dip after UK inflation misses forecast (EUR:USD)
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Da-kook/E+ via Getty Images LONDON (UKX) -0.45% UK inflation fell to 2.3% in April, higher than market expectations of 2.1%. However, it is the lowest since July 2021. UK public sector net borrowing rose to £20.5 billion in April. Germany (DAX:IND) -0.20% France (CAC:IND) -0.43% Sweden’s unemployment rate rose to…
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European major indices close lower on the day
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London/ European traders return home as their major indices decline: German DAX -0.22% France CAC, -0.67% UK FTSE 100 Index is down -0.09% Spanish Ibex -0.04% Italian FTSE MIB, -0.64% Meanwhile, in US markets, major indices rose slightly: The Dow Jones Industrial Average rose 18.40 points, or 0.05%, to 39,824.35…
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Broadridge Taps Two Senior Hires to Lead European Issuer Services Expansion
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Broadridge Financial Solutions (NYSE: BR) announced the appointment of Simona Vitale, former COO of European Operations at Morrow Sodali, to lead sales operations for its new international issuance services. In addition to Vitale, Mariana Gonzalez also joins the team as Sales Director for International Release Services. The new appointments aim…
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Exclusive-Tesla doing damage-control, discounts for European fleet buyers By Reuters
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Written by Nick Carey and Mary Manns LONDON (Reuters) – Tesla Inc (NASDAQ:) is appeasing some European leasing companies after the automaker’s repeated cuts in retail prices reduced the value of its fleets and slow service and expensive repairs alienated its corporate customers. The efforts include informal discounts on new…
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Exclusive-Tesla doing damage-control, discounts for European fleet buyers By Reuters
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Written by Nick Carey and Mary Manns LONDON (Reuters) – Tesla Inc (NASDAQ:) is appeasing some European leasing companies after the automaker’s repeated cuts in retail prices reduced the value of its fleets and slow service and expensive repairs alienated its corporate customers. The efforts include informal discounts on new…