FRANKFURT (Reuters) – Germany’s cartel office is examining power prices volatility late in 2024, it said on Thursday, as it looks to ensure energy firms did not hold back supply to take advantage of weather conditions that had already sent prices to their highest levels in months. Bouts of dark and calm weather in early …
Power price jumps in late 2024 being looked at, German cartel office says Read More »
KYIV (Reuters) – Moldova switched to using the euro from the dollar as the reference currency for the official exchange rate of the Moldovan lei, president Maia Sandu said on Thursday. “With over 60% of our trade and 70% of remittances in euro, the move strengthens our economic ties with the EU, bringing more stability …
FRANKFURT (Reuters) – Lending to euro zone companies and households grew at a modest pace in November, pointing to a lacklustre end of the year for the bloc’s economy, European Central Bank data showed on Thursday. Credit growth to businesses slowed to 1.0% in November from 1.2% in October. While the increase in loans to …
Euro zone bank lending is stuck in low gear, ECB data shows Read More »
LONDON (Reuters) – Manufacturers in the euro zone ended last year on a sour note, with factory activity declining at a faster rate, according to a survey which offered scant signals of an imminent recovery. The downturn was again broadbased with the bloc’s three largest economies – Germany, France and Italy – stuck in an …
Euro zone factories saw little festive cheer in December, PMI shows Read More »
BERLIN (Reuters) – Germany’s manufacturing sector ended 2024 on a downbeat note, with sharper declines in output and new orders, in a clear sign that industry in Europe’s largest economy will not be coming out of its downturn anytime soon, a survey showed on Thursday. The HCOB Germany Manufacturing Purchasing Managers’ Index (PMI), compiled by …
German factory activity ends 2024 with accelerated decline, PMI shows Read More »
By Sudip Kar-Gupta PARIS (Reuters) – France’s manufacturing activity contracted in December at the fastest pace in more than four years, a monthly survey showed on Thursday, highlighting the headwinds facing the euro zone’s second-biggest economy. S&P Global said its HCOB final purchasing managers index (PMI) for the French manufacturing sector fell to 41.9 in …
French factory activity shrinks in December at fastest pace since mid-2020, PMI shows Read More »
(Reuters) -British house prices surged again in December as the property market upswing continued, surprising economists who had expected to see a slowdown in price growth, mortgage lender Nationwide said on Thursday. House prices jumped by 0.7% in monthly terms during December, following a 1.2% increase in November, Nationwide said. A Reuters poll of economists …
UK house prices jumped again in December, Nationwide says Read More »
MADRID (Reuters) – Spain’s manufacturing sector ended 2024 on a strong note, with both output and new orders accelerating in December, a survey by S&P Global showed on Thursday, in a stark contrast with the rest of the euro zone. The headline HCOB Spain Manufacturing Purchasing Managers’ Index (PMI) rose to 53.3 in December from …
Spanish manufacturing growth accelerates in December, PMI shows Read More »
WARSAW (Reuters) – Poland’s manufacturing sector saw a further decline in December, with the Purchasing Managers’ Index (PMI) dropping to 48.2 from 48.9 in November, marking the strongest deterioration since August, S&P Global reported on Thursday. Analysts polled by Reuters had expected a reading of 48.6. A reading below 50 indicates a contraction in activity, …
Poland’s manufacturing PMI falls in December but outlook improves Read More »
BERLIN (Reuters) – German conservative leader Friedrich Merz, who is favoured to succeed Olaf Scholz as chancellor, would support a new attempt at talks on a free trade deal with the United States in response to tougher trade conditions, he told German news agency dpa. Europe’s economy will face challenging conditions under U.S. President-elect Donald …
German opposition’s chancellor candidate backs free trade talks with Trump Read More »
