FRANKFURT (Reuters) -Euro zone consumers kept their inflation expectations mostly stable at or above the European Central Bank’s 2% target in July, an ECB poll showed on Friday. The ECB left its key rate at 2% last month and it will probably do so again on September 11 before discussions about further cuts likely resume …
Euro zone consumers keep inflation expectations stable, ECB poll Read More »
By Jakob Van Calster and Mateusz Rabiega (Reuters) -Resurgent European bank shares, up over 40% this year, face testing times with sentiment already being challenged by renewed French uncertainty. Still, investors may find it hard to ignore the pull of Europe’s best performing sector of the year so far. An investor who bought into European …
Inside European banks’ stellar run: towards or beyond the sweet spot? Read More »
(Reuters) -Crypto exchange Binance said on Friday that it resumed all futures trading on the platform after an issue prompted a brief suspension of the service earlier. “The issue affecting Futures UM trading on Binance has been resolved,” Binance said, referring to the service that allows users to settle crypto futures in stablecoins USDC and …
Binance resumes futures trading after brief pause Read More »
(Reuters) -French consumer prices rose slightly less than anticipated in August, as a lower-than-expected decline in energy prices offset a slowdown in services prices, preliminary data from statistics agency INSEE showed on Friday. France’s harmonised inflation rate, adjusted for comparison with other euro zone countries, was +0.8% year-on-year in August, down from a +0.9% rise …
French preliminary inflation at +0.8% in August, slightly below forecast Read More »
(Reuters) -British sportswear and fashion retailer Frasers on Friday appointed insider Jon Thompson as the chair of its board, after announcing that David Daly will be stepping down. Frasers, owned by British businessman Mike Ashley, has been expanding into new markets while pursuing boardroom influence in rivals, including failed attempts at board control of Debenhams …
UK’s Frasers appoints insider Jon Thompson as chair Read More »
(Reuters) -Spain’s European Union-harmonised 12-month inflation rate remained at 2.7% in August, from the period through July, preliminary data from the National Statistics Institute (INE) showed on Friday. The 12-month EU-harmonised inflation was in line with the 2.7% expected by analysts polled by Reuters. Core inflation, which strips out volatile fresh food and energy prices, …
Spain’s 12-month EU-harmonised inflation remains at 2.7% in August Read More »
(Reuters) -France’s economy grew slightly in the second quarter, final data from statistics office INSEE showed on Friday, confirming the preliminary reading of 0.3% that showed the euro zone’s second-largest economy gaining momentum. The result was in line with an average forecast of 0.3% in a Reuters poll of 21 economists. …
French economic growth confirmed at 0.3% in second quarter – INSEE Read More »
FRANKFURT (Reuters) -Washington must swiftly honour an agreement with Brussels and cut tariffs on EU auto imports to 15% from 27.5% as of August 1 after the EU started the legislative process to remove duties on U.S. goods, Germany’s auto industry association VDA said. “For the automotive industry, the current high additional burdens mean considerable …
Washington must swiftly cut auto tariffs after EU paves way, German car lobby says Read More »
(Reuters) -Wood Group has agreed to sell its North American transmission and distribution engineering business to U.S.-based Qualus for $110 million, the British firm said on Friday. The oilfield services provider, a takeover target of Dubai-based Sidara, has been actively disposing of its non-core businesses to cut debt. Earlier this week, Sidara lowered its bid …
UK’s Wood Group to sell North American T&D business for $110 million Read More »
A look at the day ahead in European and global markets from Rae Wee Investors cap off a volatile week dominated by Federal Reserve drama and Nvidia earnings with Friday’s release of a key inflation measure that could influence the Fed’s September policy meeting. Expectations are for the core personal consumption expenditures (PCE) price index …
