By Siddarth S (Reuters) -Goldman Sachs and BNP Paribas scrapped their forecasts for a September rate cut by the European Central Bank, now expecting no further easing this year after the ECB held rates steady. “We think the (rate cutting) cycle is over, and the next move is a hike, in Q4 2026,” BNP said …
Goldman Sachs, BNP Paribas say no more rate cuts by the ECB in 2025 Read More »
By Alessandro Parodi (Reuters) -Shares in Valeo fell over 16% in early Friday trading, after the French car parts supplier cut its annual sales forecast by at least 1 billion euros ($1.2 billion), blaming a weaker dollar and shrinking global car sales volumes. The designer and producer of driving assistance systems said late on Thursday …
Valeo shares slump as car parts supplier cuts sales forecast Read More »
By Yamini Kalia (Reuters) -British wealth manager Jupiter returned to net inflows in the second quarter, driven by a shift in client sentiment towards relatively cheaper European markets CEO Matthew Beesley said the changing sentiment signals the reversal of a U.S.-dominated investment environment in favour of European bourses. “The UK might find itself quite uniquely …
UK’s Jupiter rebounds with net inflows in second quarter as client sentiment shifts Read More »
By Helen Reid and Ozan Ergenay (Reuters) -Puma shares dropped 16% on Friday after the German sportswear brand said it now expects an annual loss as sales decline and U.S. tariffs dent profit. Puma has been struggling to attract shoppers as re-released retro sneakers, such as the Speedcat, have not sold as well as hoped, …
Puma shares dive after warning of full-year loss, US tariff impact Read More »
LONDON (Reuters) -The pound dropped to its weakest level against the euro in four months on Friday as a weekly decline in gilt yields on soft British data contrasted with higher European yields on expectations the European Central Bank is done with rate cuts. The euro reached as high as 87.27 pence, up 0.24% and …
Sterling at four month low against euro as UK and euro zone rates diverge Read More »
PARIS (Reuters) -Dutch antitrust regulator ACM said in a statement on Friday it has postponed a ruling on Apple over fees the iPhone maker charges dating app providers as it awaits the outcome of ongoing discussions between Apple and the European Commission over a similar issue. It added that Apple recently adjusted its rates in …
Dutch watchdog postpones ruling on Apple fees on dating apps, awaits EU action Read More »
By Maria Martinez BERLIN (Reuters) -German business morale improved in July to its highest level in 13 months, a survey showed on Friday, although analysts warned the economic outlook remained weak. The Ifo institute said its business climate index rose to 88.6 in July, the highest since June last year, from 88.4 the month before. …
German business sentiment rises to highest level in more than a year Read More »
FRANKFURT (Reuters) -The European Central Bank said on Friday it had picked Isabel Vansteenkiste as President Christine Lagarde’s new top adviser, replacing Roland Straub who would take up a new role at the ECB. Vansteenkiste, currently director general for the ECB’s international and European relations, rose to prominence during the debt crisis of 2010-12, when …
FRANKFURT (Reuters) -Euro zone inflation may be lower this year and next than previously expected and will remain around the European Central Bank’s 2% target in the longer term, the ECB’s Survey of Professional Forecasters showed on Friday. Inflation has come down quickly over the past years and now hovers around the 2% target, a …
ECB survey sees lower inflation, 2% over the longer term Read More »
CANBERRA (Reuters) -Australia should accept compromises to reach a trade deal with the European Union and demonstrate that such agreements can still be reached in a more protectionist world, Trade Minister Don Farrell said on Friday. Farrell said in a speech at the Lowy Institute in Sydney that free trade was under threat and that …
Australia should compromise to reach EU trade deal, minister says Read More »
