europeanmarkets
It will be a pivotal week for European markets as the ECB may cut interest rates for the first time in eight years. The EU elections on 6 June will also shape the regional political landscape. Additionally, the US will release its May employment data, a crucial indicator for the Federal Reserve’s upcoming rate decision. EuropeThe ECB is widely expected to initiate a quarter-percentage-point rate cut, bringing the main refinancing rate to 4.25% on Friday. Inflation in the euro area has followed a sustained disinflationary trend. May's headline CPI is anticipated to reach 2.6%, marking the eight...
Euronews (English)
Equity markets across the globe were in retreat as inflation signaled a possible resurgence, sparking concerns about likely “higher-for-longer” interest rates. Profit-taking could also be the cause of such a pullback amid an uptick in global government bond yields after major indices hit all-time highs on both sides of the Atlantic. The retracement is primarily seen in the mining sector in Europe due to a sharp decline in copper prices. The US technology stocks also added to the market losses after a 20% plunge in Salesforce’s shares following a disappointing earnings report on Thursday. Europ...
Euronews (English)
Chinese electric vehicle (EV) manufacturers are already ahead of the game compared with European car makers, with several brands such as Chery, BYD and Great Wall Motor (GWM) steadily gaining market share in Europe. Now, they may be ready to take things to the next level, with the three producers planning 20 model launches over the next five decade. The move is expected to less the hold European EV and traditional car makers have on the European market, as well as cut the share of other foreign EV giants' such as Tesla. Chinese EVs are much cheaper than European modelsThe super high cost of ne...
Euronews (English)
Some key economic data will drive market sentiment, with the Consumer Price Indices (CPIs) from major European countries set to be in the spotlight this week. Additionally, Personal Consumption Expenditures (PCE) will be a focus for investors looking to gauge central banks’ interest rate trajectories. EuropeFollowing the hotter-than-expected inflation data from the UK last week, major economies, including Germany, France, Spain, and Italy are poised to release their estimated CPI for May this week. At a country level, Germany will release the prelim CPI for May on Wednesday. The country’s infl...
Euronews (English)
Risk-off is currently dominating global market sentiment, leading equities to lose their upward momentum. Concurrently, metal prices, including gold, silver, and copper, have sharply retreated from their all-time highs. The US dollar has strengthened, putting pressure on other G-10 currencies. This development follows the release of the Federal Reserve's meeting minutes, which revealed a lack of confidence among board members regarding the potential for lowering interest rates. EuropeEuropean stock markets are poised to close lower for the week as sentiment sours amid uncertainties about centr...
Euronews (English)
This week, the market focus will be on the manufacturing activities of major global economies, particularly in Europe and the United States. Other influential economic events include the UK inflation data and the Reserve Bank of New Zealand's (RBNZ) interest rate decision, which will provide insights into their respective economic landscapes. Additionally, quarterly earnings from the tech giant Nvidia will be closely watched for clues about the semiconductor industry's trajectory. EuropeBoth France and Germany are set to release their flash manufacturing and services PMIs for May. Manufacturin...
Euronews (English)
Equity markets across Europe ended lower on Thursday, erasing most of the gains made earlier in the week. Major European indices faced a reality check due to the ripple effect from Wall Street, which experienced a swift retracement following a surge on Wednesday. Additionally, disappointing earnings results from Siemens added further downward pressure on the markets. Over the five-day trading period, the FTSE 100 rose by 0.68%, the Euro Stoxx 600 climbed 1.26%, the DAX advanced by 0.21%, while the CAC 40 fell by 0.54%. Energy stocks were the biggest laggards over the past five trading days, wi...
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The company said Johan Lundgren will depart EasyJet in early 2025 after seven years as its chief executive - and will be replaced by the airline's chief financial officer, Kenton Jarvis, who has been at the group since 2021. The news sent EasyJet's share price lower as investors responded to the company update, reversing most of the gains it had made this year. EasyJet also reported its latest financial results and posted a reduction in first-half losses with the headline pre-tax loss for the six months to 31 March narrowing to £350m from £411m a year previously. French football club owner Fra...
Euronews (English)
Dutch Central Bank President Klaas Knot emphasised the likelihood of a June European Central Bank (ECB) rate cut and the critical need for deeper capital market integration to unlock the full potential of Europe's single market. Speaking at a high-level forum in Amsterdam hosted by the Foreign Bankers Association, where Federal Reserve Chair Jerome Powell was also featured, Knot indicated that Frankfurt is prepared to "gradually take its foot off the brake" based on supportive economic data. "If the incoming data confirms the current trends, it would be appropriate to start reducing restrictio...
Euronews (English)
Some pivotal economic data will be lined up and drive the financial market sentiment this week. Investors will focus on the Eurozone's flash first-quarter GDP and the final CPI for April. More importantly, the US is also set to release its April inflation data, which is the primary economic indicator for the Federal Reserve (Fed) in determining interest rates, in turn, impacting investment sentiment. EuropeThe European Commission (EC) will release its second economic forecast on Monday this week. In February, the organisation downgraded its 2024 growth outlook to 0.9% for the EU and 0.8% for t...
Euronews (English)
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