BERLIN (Reuters) – German business morale rose further than expected in November and pessimism heading into the coming months eased considerably, a survey said on Thursday, as Europe’s biggest economy sent out signs of hope. The Ifo institute said its business climate index was 86.3, higher than analysts’ forecast of 85.0 in a Reuters poll, …
German business morale recovers in November – Ifo Read More »
By Giuseppe Fonte and Gavin Jones ROME (Reuters) – Having spent much of her career railing against bureaucrats and financial elites, Italy’s new right-wing Prime Minister Giorgia Meloni now has to get them on side – and it is not proving easy. Things got off to a bad start after her victory at a Sept. …
Analysis-Italy’s Meloni and the technocrats – a difficult power balance Read More »
By Stella Qiu SYDNEY (Reuters) – A look at the day ahead in European and global markets from Stella Qiu: Another central bank pivots. The Bank of Korea on Thursday slowed its pace of tightening to a modest 25 basis point hike, becoming the latest central bank to step down from outsized rate increases. This …
By Clyde Russell LAUNCESTON, Australia (Reuters) – There are signs that China and India are pulling back from buying Russian crude oil ahead of the Group of Seven nations’ proposed price cap and a European Union ban on imports. However, the more important question for the market is whether any slowing by China and India …
Column-China and India easing away from Russian crude oil may be temporary: Russell Read More »
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits increased to a three-month high last week amid rising layoffs in the technology sector, but that likely does not suggest a material shift in labor market conditions, which remain tight. Economists urged against reading too much into the rise …
U.S. weekly jobless claims at 3-month high; equipment spending resilient Read More »
BERLIN (Reuters) – The downturn in German economic activity eased in November, a preliminary survey showed on Wednesday, as firms saw price pressures retreat from recent highs, offering hope that an expected recession could be milder than first feared. S&P Global’s flash composite Purchasing Managers’ Index (PMI), which tracks both the manufacturing and services sectors …
German downturn eases in Nov, bringing hope for milder recession -flash PMI Read More »
MADRID (Reuters) – The euro zone economy will likely show negative growth rates in the fourth quarter while inflation will still remain high before starting to slow down in the first quarter, European Central Bank Vice-President Luis de Guindos said on Wednesday. (Reporting by Jesús Aguado; editing by Emma Pinedo)
(Reuters) – European stocks hovered near three-month highs on Wednesday, as rallying commodity shares offset weakness in Credit Suisse following its profit warning, with investors awaiting business activity data for clues on the health of the euro zone economy. The Europe-wide STOXX 600 index was flat by 0805 GMT, after hitting its strongest level since …
European shares hover near 3-month highs ahead of PMI data Read More »
PARIS (Reuters) – France’s private sector economy contracted in November for the first time since February 2021, according to a monthly survey, as lower new orders weighed on the euro zone’s second-biggest economy. S&P Global’s flash purchasing managers index (PMI) for France’s services sector fell to 49.4 points from 51.7 in October. Any reading above …
French economy contracted in November – flash PMI Read More »
BERLIN (Reuters) – The German residential property market faces a growing risk of price corrections, the DIW research institute said in a study released on Wednesday. “We are not facing the bursting of a huge real estate price bubble in Germany,” the report’s co-author Konstantin Kholodilin said. “But price drops of up to 10% for …
German residential property market faces risk of price drop – DIW study Read More »
