Market Pulse - Europe
Spotify meets with CMA over Apple's App Store fees
Audio streaming giant Spotify has called on the competition watchdog to investigate Apple, accusing it of blocking its new audiobook service.
German October harmonised CPI jumps past forecasts
The cost of living in Germany jumped past forecasts unexpectedly in October.
Euro area economic sentiment continues to sour in October
Economic sentiment in the euro area continued to deteriorate in October, falling to its lowest level since November 2020, the results of a survey showed.
Professional forecasters raise 2022-24 CPI forecasts, slash that for 2023 GDP, ECB says
Professional forecasters bumped up their outlook for euro area inflation out to 2024 even as they anticipated a technical recession over the next few quarters, the results of a survey conducted by the European Central Bank showed.
Glencore reports sharp year-to-date drop in output of several industrial metals
Glencore posted sharp declines in its output of several industrial and precious metals over the first nine months of 2022.
Europe close: Shares edge higher as ECB hints at smaller interest rate hikes
European shares were mostly higher on Thursday even as disappointing results from Facebook owner Meta weighed on investor sentiment globally.
Heineken sees solid volume, revenue growth in third quarter
Dutch brewing giant the Heineken Company reported third-quarter revenue growth of 27. 5% on Wednesday, to €9. 42bn.
Deutsche Bank posts best Q3 profit in 16 years
Deutsche Bank reported its highest third-quarter profit in 16 years on Wednesday, with its profit before tax for the period coming in at €1. 6bn.
London midday: Stocks trade mixed as pound blasts higher
London stocks were mixed come midday on Wednesday as investors reacted poorly to results from US technology giants Alphabet and Microsoft overnight, with losses in Barclays and Standard Chartered in focus on home turf.
UBS beats analyst expectations despite profit slide
UBS Group described a “good” third quarter in a “challenging” environment on Tuesday, with profit before tax falling 19% year-on-year to $2. 32bn.
Europe close: Stocks shake off weak survey data to finish higher
European shares held on to their strong gains on Monday despite survey data showing another contraction in eurozone business activity.
France, UK and US reiterate support for Ukrainian defence for as long as it takes
The foreign ministers of France, the United Kingdom and the United States reiterated their support for Ukraine's sovereignty and territorial integrity and discussed their determination to continue supporting Kyiv's efforts to defend its territory for as long as it takes.
Motorola making excessive profits from UK emergency network - CMA
The competition watchdog announced a proposal on Friday, to restrict how much Motorola can charge for the emergency services to use the Airwave network.
Germany slashes growth forecasts as Ukraine invasion continues
Germany slashed its growth forecast for next year on Wednesday, and hiked its inflation expectations, as energy prices continued to head higher on the back of Russia’s ongoing invasion of Ukraine.
Philips warns on profits amid supply challenges
Health technology giant Royal Philips issued a profit warning ahead of its full-year on Wednesday, amid some serious supply challenges.
Week ahead: US, China CPI and UK employment in the spotlight
All eyes over the coming week will be on consumer price data covering the month of September due out in the US and China.
German industrial output misses forecasts in August
Industrial output in Germany undershot market forecasts in August although the underlying figures were a tad stronger than it initially appeared.
Berenberg downgrades Anglo American on poor operational delivery, economic headwinds
Analysts at Berenberg downgraded their recommendation for shares of Anglo American, citing "poor operational delivery" and macroeconomic headwinds.
Euro area retail sales fall by more than expected in August
Retail sales in the euro area fell more quickly than expected last month.
Diageo reports net sales growth across all regions at start of FY 2023
Spirits maker Diageo got off to a good start in its 2023 fiscal year, reporting organic net sales growth across all regions ahead of its annual general meeting.