Market Pulse - Europe
Spanish headline CPI retreats in December
The cost of living in Spain was little changed at the end of 2022, but headlines prices came off sharply in annual terms, even as core inflation picked up.
London close: Stocks recover from early selling
London stocks recovered from early selling even as investors kept close tabs on the news-flow out of China where cases of Covid-19 were surging following the release of modestly softer weekly jobless claims data in the US.
Europe close: Stocks mostly lower, China reopening in focus
European shares were mostly lower in muted trade as Italian authorities said they would begin testing all arriving passengers from China as that country's authorities barreled forward with plans to reopen the economy.
Europe midday: Stocks edge higher
European stocks were doing their best to keep up the festive spirit on the last Friday before the holiday break, shrugging off a downbeat session in the US overnight.
London close: US inflation and BoJ in focus ahead of Christmas
Stocks edged higher heading into the Christmas holidays with continued concerns around central bank tightening globally put a lid on any festive cheer.
London open: Stocks edge higher in early trading
Stocks edged into the green in the early going with investors apparently opting to sit on their hands ahead of key economic data overseas due out after the close of trading in London.
Uniper warns of 'possible insolvency'
Embattled German gas trader Uniper warned on Monday that it faces "possible insolvency" unless shareholders support an additional government bailout of more than €50. 0bn.
Eurozone trade deficit hits €26.5bn in October
The Euro Area's trade deficit narrowed to €26. 5bn in October, according to Eurostat, down from €37. 7bn in September as rising energy prices continued to weigh on the bloc.
ECB will continue 50bp hikes for 'a period of time'
The European Central Bank will continue hiking interest rates by 50 basis points per meeting for "a period of time", President Christine Lagarde said.
H&M net sales little changed in Q4
H&M posted a modest increase in fourth-quarter net sales for the three months ended 30 November on Thursday, just two weeks after the fast fashion giant announced plans to cut 1,500 jobs as part of a cost-cutting drive.
EU new car registrations rise again in November
Europe’s passenger car market saw another “strong uplift” in November, according to industry data released on Thursday, with passenger car registrations rising for the fourth consecutive month, by 16. 3%.
Inditex YTD net profits rise 24% YOY
Zara parent company Inditex has reported a rise in net profits for the nine months ended 31 October, with increased prices helping to offset weakened global demand for clothing.
Announcement of 'major' breakthrough in nuclear fusion expected on Tuesday
Scientists in the US achieved a net energy gain through a fusion reactor for the first time ever, a potential breakthrough in attempts to harness the limitless source of clean energy.
Sunday newspaper round-up: Power prices, Broadband bills, Brexit protocol
Power prices hit a record high due to a combination of a cold snap and a dearth of wind. Power prices in the UK for a day ahead hit a record £675 per megawatt hour on the Epex Spot Exchange on Sunday as the country was blanketed with snow and temperatures fell below zero. At the peak hours between five and six o'clock power costs surged to £2,586 per megawatt hour. Furthermore, National Grid forecast that power demand would peak at nearly 46,700 megawatts on Monday, versus 43,000 MW on Sunday.
Europe close: Stocks stronger ahead of big central bank decisions
European markets managed to stay above the waterline by the close on Friday, as investors digested US inflation data, and looked towards interest rate decisions from the US and UK next week.
Europe close: Stocks mostly red but airlines fly higher
European shares were still mostly in the red at the end of trading on Thursday, as worries over a looming recession dampened sentiment.
Europe close: Stocks fall on China data, pharma giants jump
European stocks were still in the red by the end of Wednesday, as even China’s easing of some Covid curbs failed to lift gloom over a probable continuation of interest rate hikes amid weak growth in the eurozone.
Europe close: Stocks weaker on renewed interest rate fears
European shares were below the waterline at the close on Tuesday, after strong services data in the US suggested policymakers might need to remain aggressive with interest rates for longer than hoped.
Eurozone construction PMI falls to 43.6 in November
S&P Global's Eurozone construction purchasing managers index fell to 43. 6 in November, down from 44. 9 in October for a seventh consecutive monthly contraction across the sector.
Europe close: Stocks falter after deluge of eurozone data
European shares were still below the waterline by Monday evening, after eurozone retail sales and business survey data showed the regional economy was headed for a recession.