Market Pulse - Europe
German unemployment still rising despite total employment record
The number of employed rose in Germany in October, albeit marginally, as seasonally-adjusted figures showed a slight uptick in the number of those in work since the summer.
Europe open: Shares mixed as investors stay cautious ahead of Fed minutes
European shares opened mixed on Tuesday as investors maintained a cautious stance and looked for more indications from central bankers on future interest rate moves.
Bayer shares slump to 12-year low, pulls pin on trial
Shares in German drugs-to-pesticides group Bayer tumbled to a 12-year low on Monday after revealing it had pulled the pin on a large late-stage trial testing a new anti-clotting drug.
Samsung confirms data breach involving UK customer details
Technology giant Samsung Electronics confirmed a data breach on Thursday that led to the unlawful acquisition of the personal contact information of some of its UK customers.
Weakness persists across most European sectors in October
General demand weakness persisted across European sectors in October, with the latest S&P Global Europe sector purchasing managers’ index (PMI) data indicating sluggish growth.
BioNTech lowers expectations as Covid jab demand wanes
BioNTech revised its full-year revenue projection downwards on Monday, reducing it by around €1bn due to decreased demand for the Covid-19 vaccine it co-developed with Pfizer.
Europe midday: Stocks on track for best week since March
European stocks were rising for their fifth straight day on Friday as optimism continued to rise that central banks may be done with monetary tightening.
BMW Group upbeat after robust third quarter
Automaker BMW Group reported a robust third-quarter performance on Friday, with a higher margin in its core cars business as it remained optimistic about its annual forecasts.
German exports and imports both weaken in September
Fresh data on German trade released on Friday underscored the ongoing fragility faced by Europe’s top economy, coming in worse than expected.
Europe midday: Stocks jump on dovish central bank signals
European stocks were advancing strongly for the fourth straight day on Thursday on optimism that the Federal Reserve may finally be done with its rate hikes.
Eurozone factory orders see near-record decline
Eurozone manufacturing saw another sharp decline in October, with the HCOB eurozone manufacturing purchasing managers’ index (PMI) seeing one of the sharpest drops on record.