Market Pulse - Europe
Europe close: Stocks end mixed despite better-than-expected economic data
European shares ended Tuesday on a mixed note despite strong gains in Asian markets on hopes that China may respond to protests over its strict Covid policies and relax curbs on the population.
ECB's De Guindos emphasises importance of core CPI
The European Central Bank's second-highest ranking official said that the monetary authority needed to keep an eye on core inflation in order to gauge how far it needs to tighten policy.
German CPI may have undershot forecasts in November, state data show
Preliminary inflation data for November published in several German states pointed to slightly below consensus readings for national headline price figures due out later in the same session.
Eurozone consumer confidence rebound more than offsets decline within industry in November
Economic sentiment in the single currency block registered its first increase since February on the back of a rebound in consumer confidence, the results of a closely followed survey revealed.
Closure of Twitter office raises regulatory concerns in Brussels
Fresh concerns over Twitter’s ability to comply with stringent European Union regulation emerged on Thursday, after it emerged that its entire Brussels office had left the company.
EU fails to agree on Russian oil price cap, talks set to continue
European Union ambassadors failed to agree on the exact level of a proposed price cap on exports of Russian crude oil overnight.
Credit Suisse slides on warning of £1.3bn loss
Shares in Credit Suisse were sliding on Wednesday morning, after the banking giant warned of a loss of CHF 1. 5bn (£1. 32bn) as a result of wealth management outflows.
ECB's working assumption is for inflation between 6-7% in 2023, De Guindos says
The European Central Bank's vice-president cautioned that inflation in the single currency block was expected to remain well above the monetary authority's inflation target over the course of the following year.
Europe close: Indices push higher on the back of gains for oil and gas shares
European shares rallied further on Tuesday on the back of energy stocks as Saudi Arabia dismissed a report that it was planning a rise in oil output.
Gazprom says it may curb gas flows through Ukraine, alleges Kyiv taking supplies
Gazprom announced that flows of natural gas through the last remaining pipeline to Western Europe.
Euro area current account falls into the red in September
The euro area's current account fell into the red during the month of September.
Chinese buyers pause some purchases of Russian crude ahead of price cap details
Chinese buyers of Russian Eastern Siberia Pacific Ocean crude oil had paused their purchases ahead of the expected announcement of Washington's proposed oil price cap.
ECB's Lagarde says euro area inflation far too high
The head of the European Central Bank said that inflation in the single-currency bloc was "far too high" and that policymakers expected interest rates to continue rising.
Lidl attracts £58m more spending from big four grocers
Discount grocer Lidl claimed in an update on Thursday that British shoppers had switched £58m worth of spending from the ‘big four’ supermarkets - Tesco, J Sainsbury, Asda and Wm Morrison - to its cut-price aisles over the last month.
ECB rate-setters may opt for 50bp hike in December
Policymakers at the European Central Bank may opt for a 50 basis point interest rate hike starting from December's policy meeting on 15 December.
US President says unlikely that missile that hit Poland fired from Russia
The US President said overnight that it was unlikely that a Russian-made missile that impacted on Polish soil, killing two persons, was fired from Russia.
Russia said to be likely to extend Black Sea grain export deal
Moscow was expected to agree to an extension of a United Nations-brokered deal to allow exports of Ukrainian and Russian grain and farm products through the Black Sea.
Euro area GDP and employment expand modestly in Q3
Economic activity in the euro area and employment both continued to grow modestly over the three months to September.
Europe close: Stocks begin week on a positive note
European shares began the week on the front foot, following a positive session in Asia, which rallied on news China was lifting some Covid restrictions.
Rheinmetall agrees EUR 1.2bn takeover of Expal Systems
Germany-based military equipment maker Rheinmetall agreed to buy the Spanish ammunition and explosives producer Expal Systems, it announced on Sunday, for €1. 2bn (£1. 05bn).