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STOXX Europe 600

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537 stories mentioning STOXX Europe 600Updated 26m ago

Hit fresh record highs after Tehran and Washington said the Strait of Hormuz would reopen as part of peace negotiations.

International

Easing Interest Rates, Steady Crude Prices Undergird European Bourses Midday

European bourses tracked moderately higher midday Wednesday as traders weighed mildly easing interest rates and steady oil prices, while awaiting clarity on the pending Washington-Tehran peace agreement.Tech and bank stocks led gains on continental trading floors, while oil and property shares lagged.Yields on benchmark 10-year German bonds were lower, near 2.93%.Investors also eyed Wall Street futures in the green, and higher closes overnight on Asian exchanges, including a fresh all-time zenith on Tokyo's Nikkei 225.In corporate news, BMW shares traded down 6.3% in Frankfurt after the German automaker issued a profit warning, citing soft demand in China and pressure from Persian Gulf hostilities.The pan-continental Stoxx Europe 600 Index was up 0.4% mid-session.The Stoxx Europe 600 Technology Index was up 1.2%, and the Stoxx 600 Banks Index gained 1.1%.The Stoxx Europe 600 Oil and Gas Index eased 0.3%, while the Stoxx 600 Europe Food and Beverage Index inclined 0.2%.The REITE, a European REIT index, fell 0.2%.On the national market indexes, Germany's DAX was up 0.1%, and the FTSE 100 in London lost 0.1%. The CAC 40 in Paris was up 0.4%, and Spain's IBEX 35 lifted 0.6%.Front-month North Sea Brent crude-oil futures were up 0.5% to $79.38 a barrel.The Euro Stoxx 50 volatility index was down 1.6% at 15.85, indicating below-average volatility for European stock markets in the next 30 days, a positive signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.

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Equities

IEA Forecasts Oil Market Recovery in 2027 After US-Iran Deal

The International Energy Agency expects the oil market to recover in 2027 following weak demand amid disruptions arising from the Middle East war, after the US and Iran reached an interim peace deal that could lead to a reopening of the Strait of Hormuz.In its June oil market report published Wednesday, the IEA said global oil demand is anticipated to decline by 1.1 million barrels per day year over year in 2026, a downgrade of 700,000 barrels per day from its previous month's forecast, as deliveries fell in the second quarter due to increased fuel prices and supply disruptions. Meanwhile, global supply is forecast to drop by 3.9 million barrels of oil per day on average in 2026, to 102.4 million barrels per day, before rebounding to 110.3 million barrels per day in the next year."Further declines in the coming months could still take global oil stocks to historic lows before the market balance shifts to surplus towards the end of the year," the IEA noted.Looking ahead, a rebound in demand growth of a "modest" 2 million barrels per day is projected in 2027 as trade flow normalizes, oil prices decline and the economic outlook brightens, under the assumption that the deal holds."While the US‑Iran interim agreement paves the way for a rebound in Middle East exports, operational and political constraints, including prolonged demining and unresolved transit arrangements, leave downside risks to the outlook," the IEA said.The US-Iran agreement is set to be signed on Friday in Switzerland.

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International

Eurozone's Annual Inflation Rate Confirmed at 3.2% in May

Annual inflation in the euro area rose to 3.2% in May from 3% in April, according to final data from Eurostat published Wednesday.The final reading is consistent with the flash estimate.On a monthly basis, consumer prices were 0.1% higher, matching the preliminary reading.Excluding energy, food, alcohol and tobacco, the annual inflation rate came in at 2.6%, above the initial reading of 2.5% and the previous month's 2.2%. Month over month, core consumer prices were 0.3% higher, in line with the preliminary estimate.

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International

Euro Area Job Vacancy Rate Ticks Up in Q1

The job vacancy rate in the euro area stood at 2.3% in the first quarter, up from 2.2% in the previous three months, Eurostat said Tuesday.The latest reading is lower than the 2.4% rate in the prior-year quarter.

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International

Lower Oil Prices, Interest Rates Trigger Fresh Zeniths on European Bourses Midday

European bourses tracked moderately higher midday Tuesday to fresh all-time highs, as traders weighed easing oil bills and interest rates, and monitored Persian Gulf pronouncements from Tehran and Washington.Bank and oil stocks led gains on continental trading floors, while tech, food and property shares eased.Yields on benchmark 10-year German bonds were lower, near 2.93%.Front-month North Sea Brent crude oil futures were down 2.6%, near $80.99 a barrel.Investors also eyed tepid Wall Street futures, and unevenly higher closes overnight on Asian exchanges, after a raft of soft economic reports from Beijing.In economic news, Germany's economic sentiment index rose in June to a positive 10.5, swinging up from a negative 10.2 in May, reported the Centre for European Economic Research (ZEW).The anticipated end of Persian Gulf hostilities boosted sentiments, said ZEW.The pan-continental Stoxx Europe 600 Index was up 0.4% mid-session, in all-time high territory.The Stoxx Europe 600 Technology Index was down 0.3%, and the Stoxx 600 Banks Index gained 1.5%.The Stoxx Europe 600 Oil and Gas Index rose 0.4%, while the Stoxx 600 Europe Food and Beverage Index declined 0.5%.The REITE, a European REIT index, fell 0.4%.On the national market indexes, Germany's DAX was up 0.5%, and the FTSE 100 in London gained 0.5%. The CAC 40 in Paris was up 0.7%, and Spain's IBEX 35 lifted 0.3%.The Euro Stoxx 50 volatility index was down 1.6% at 16.29, indicating below-average volatility for European stock markets in the next 30 days, a positive signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.

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ZEW: Germany's Economic Outlook Brightens in June as US-Iran Deal to End War Sparks Optimism
US Markets

ZEW: Germany's Economic Outlook Brightens in June as US-Iran Deal to End War Sparks Optimism

Investor sentiment on Germany's economic outlook unexpectedly turned positive in June amid hopes that the war in the Middle East would finally reach an end after the US and Iran agreed on a preliminary deal.The ZEW economic sentiment indicator for Germany improved to 10.5 points in June from -10.2 points in May, according to data published Tuesday by the research institute, which surveyed 190 analysts and institutional investors between June 8 and 15. The latest reading came in higher than the Investing.com consensus estimate of -5.8 points."The ZEW Indicator returns to positive territory as financial market experts expect the Iran conflict to be nearing an end. This is likely to ease the massive pressure on energy prices and inflation, which would benefit energy -intensive industries and private households and would strengthen domestic demand," ZEW President Achim Wambach said.On the other hand, the current economic situation indicator for the country worsened, falling to -81 points from the previous -77.8 points. Analysts expected the reading to come in at -77.5 points.Across various sectors, the expectations index for the automotive industry increased by 21.9 points to -35.3 points. The chemical and pharmaceutical industries, as well as the mechanical engineering, banks and insurance sectors were also among those that saw improved expectations. Meanwhile, the outlook for the construction industry deteriorated, dropping by 15.2 points to -12 points.In the wider euro area, the economic sentiment indicator climbed to 9.5 points in June from -9.1 points in May, better than market forecasts of -7.2 points. In contrast, the current economic situation indicator decreased by 2 points to -43.4 points.

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Equities

Moscow Oil Refinery Hit by Ukrainian Drones

An oil refinery in the Russian capital was struck by Ukrainian drones, causing fire and damage to a primary processing unit, according to Moscow Mayor Sergei Sobyanin's Tuesday statement on Telegram.The Ministry of Emergency Situations of Russia said the same day the fire at the Moscow Oil Refinery was completely extinguished, and the incident did not affect the plant's functioning.

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International

ZEW: German Economic Sentiment Improves in June; Current Conditions Worsen

Germany's economic sentiment index climbed to 10.5 points in June from -10.2 points in May, research institute ZEW said Tuesday.The consensus estimate for the month was -5.8 points, according to Investing.com.Meanwhile, the current situation indicator came in at -81 points, compared with the previous -77.8 points and the expected -77.5 points.

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International

Eurozone Economic Sentiment Turns Positive in June, ZEW Says

The euro area's economic sentiment index rose to 9.5 points in June from -9.1 points in May, research institute ZEW said Tuesday.The consensus estimate for the month was -7.2 points.Meanwhile, the current situation indicator decreased by 2 points to -43.4 points.

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International

Euro Area's Annual Labor Costs Up 3.2% in Q1

Hourly labor costs in the eurozone rose 3.2% year over year in the first quarter, compared with the 3.3% gain in the prior three-month period, Eurostat said Tuesday.Analysts expected a 3.3% jump for the month.Meanwhile, wages and salaries in the region grew 3.4% on an annual basis, against the 3% increase earlier.

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International

Italian Annual Inflation Rate Climbs to 3.2% in May, Final Data Confirms

As expected, Italy's annual inflation rate increased to 3.2% in May from 2.7% in April, final data from statistics agency Istat showed Tuesday.On a monthly basis, consumer prices rose 0.4%, in line with the preliminary reading and compared with the prior 1.1% gain.The Italian harmonized inflation rate stood at 3.2% on an annual basis, against the flash figure of 3.3% and the previous reading of 2.8%. Month over month, harmonized consumer prices were 0.3% higher, against the prior 1.6% rise and the initial estimate of a 0.4% uptick.

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Equities

IMF: Europe, Other Energy-importing Countries Hit Hard by Middle East War

Countries particularly hit the hardest by the war in the Middle East are those that are heavily dependent on energy imports and have limited policy space, according to the International Monetary Fund."More than three months into the war in the Middle East, the global economy appears to be holding up," IMF Managing Director Kristalina Georgieva said in a blog post published Monday. "But an overall resilient global picture masks significant disparities. Even among advanced economies, some countries and communities have been harder hit. And in Africa, the negative impacts are more conspicuous. Meanwhile, with the prolonged closure of the Strait of Hormuz and infrastructure in the Middle East damaged by the fighting, uncertainty and risks remain high."Georgieva noted that Europe, which heavily relies on imported oil and gas, is facing higher inflation due to increased energy prices. France, Italy and Germany are among the euro area countries that have logged an increase in inflation since the war began in February.

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International

Persian Gulf Outlook Sends European Bourses to Fresh Zeniths

European bourses tracked into fresh record-high territory midday Monday, after Tehran and Washington announced that the Strait of Hormuz would re-open this week, as part of larger, ongoing peace negotiations.The pan-continental Stoxx Europe 600 Index, a broad equity gauge, was up 0.7% mid-session, into fresh record-high levels.Bank and tech shares gained on continental trading floors, while oil stocks sank.Front-month North Sea Brent crude-oil futures were down 5% at $83.01 a barrel, in midday trades.Investors also eyed Wall Street futures flashing green, and sharply higher closes overnight on Asian exchanges, led by a 5% upsurge on Tokyo's Nikkei 225 index.In economic news, seasonally adjusted industrial production in the Eurozone and in the European Union rose 0.1% in April from March, reported Eurostat. On year, industrial output increased by 0.3% in the euro area and by 0.9% in the broader EU.The Stoxx Europe 600 Technology Index was up 1.2%, and the Stoxx 600 Banks Index gained 1.5%.The Stoxx Europe 600 Oil and Gas Index eased 3%, while the Stoxx 600 Europe Food and Beverage Index declined 0.2%.The REITE, a European REIT index, rose 0.2%.On the national market indexes, Germany's DAX was up 1.2%, and the FTSE 100 in London gained 0.1%. The CAC 40 in Paris was up 1.2%, and Spain's IBEX 35 lifted 1.5%.Yields on benchmark 10-year German bonds were lower, near 2.95%.The Euro Stoxx 50 volatility index was down 7.6% at 17.29, indicating below-average volatility for European stock markets in the next 30 days, a positive signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.

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International

Ifo: Business Climate in German Residential Construction Sector Weakens in May

The business sentiment among Germany's residential construction companies deteriorated in May, following a decline in the previous month, amid a persistent state of uncertainty, the ifo Institute survey said Monday.The ifo business climate index for the sector declined to -29.3 points from -28.2 points in the previous month as companies saw a "somewhat worse" present situation despite a marginal improvement in expectations. Businesses, however, remained pessimistic over their future.Surveyed companies that reported "too few" orders fell to 42.2% from 43.8%, whereas cancellations of construction projects rose to 11.7% from 10.8%.

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Eurozone Logs Surprise Trade Deficit in April Amid High Energy Imports
US Markets

Eurozone Logs Surprise Trade Deficit in April Amid High Energy Imports

The euro area unexpectedly recorded a trade deficit in April, driven by high energy imports amid continued geopolitical and trade policy uncertainty, particularly with the US.The deficit in trade in goods with the rest of the world came in at 1 billion euros, following a revised surplus of 4.9 billion euros in March, Eurostat data showed Monday. Analysts expected a surplus of 7.8 billion euros for April."Compared with April 2025, the latest figure showed a deterioration of EUR9.7 bn. This drop was primarily driven by an increase of the energy deficit and by a reduced surplus in the machinery and vehicles product group," according to the statistical office.The eurozone's imports from the rest of the world jumped 9.3% on an annual basis to 256.4 billion euros, while exports of goods rose 5% to 255.4 billion euros.The European Union also logged a trade deficit, which amounted to 7.1 billion euros in April, against the revised surplus of 2.3 billion euros in the prior month and 7.3 billion euros a year before. The shift was also largely driven by a higher deficit in the energy product group and lower surplus in the machinery and vehicles group.EU imports climbed 10.1% year over year to 232.8 billion euros, whereas exports increased 3.2% to 225.7 billion euros.Among its main trading partners, the EU's exports to the US saw the biggest annual drop at 12.7%, resulting in the trade surplus tumbling to 9.9 billion euros from 17.1 billion euros. Exports to Türkiye and Japan also fell 6.8% and 6.7%, respectively, leading to a trade surplus of 600 million euros and a deficit of 600 million euros.EU exports to China, on the other hand, rose 1.8%, while imports grew 7.1%, resulting in the trade deficit widening to 31.9 billion euros from 29 billion euros. Exports to Switzerland and the UK also respectively increased 18% and 7.8% year over year, with higher trade surpluses.The EPP Group, the largest political group in the European Parliament, said in a social media post on X that parliamentarians are set to cast their final vote on the EU-US Framework Agreement on tariffs on Tuesday.

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International

Eurozone Records Trade Deficit in April

The euro area recorded a trade deficit of 1 billion euros in April, against the revised surplus of 4.9 billion euros in March, according to Eurostat data published Monday.The consensus estimate for the month was a surplus of 7.8 billion euros.Exports of goods to the rest of the world increased 5% year over year to 255.4 billion euros, while imports climbed 9.3% to 256.4 billion euros.

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International

Eurozone Monthly Industrial Production Up 0.1% in April

The euro area's industrial production rose 0.1% month over month in April, after a revised 0.4% increase in March, Eurostat data showed Monday.The consensus estimate for the month was a 0.3% gain.On a yearly basis, industrial production recorded a 0.3% climb, compared with the revised 2.8% drop earlier.

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International

Italian Trade Surplus Declines in April

Italy recorded a trade surplus of 4.29 billion euros in April, down from the revised surplus of 4.81 billion euros in March, according to data from statistics agency Istat published Monday.Analysts expected a trade surplus of 5.19 billion euros for the month.Seasonally adjusted exports fell 2.2% month over month, while imports declined 0.6%.

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International

German Annual Wholesale Prices Up 5.9% in May

Germany's wholesale selling prices climbed 5.9% year over year in May, following a 6.3% jump a month ago, the country's Federal Statistical Office said Monday.On a monthly basis, wholesale prices were 0.6% lower, against the consensus estimate of a 0.8% uptick.

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International

Sinking Oil Prices, Rising Peace Hopes Lift European Bourses Midday

European bourses tracked solidly higher midday Friday as traders digested media reports of a possible peace deal between Washington and Tehran, and weighed sinking oil prices.Bank, property and tech stocks led gains on continental trading floors, while oil shares lagged.Front-month North Sea Brent crude-oil futures traded on the cusp of $87 a barrel midday, after cresting near $94 a barrel on Thursday.Investors also eyed Wall Street futures flashing green, and solidly higher closes overnight on Asian exchanges.In other news, Elon Musk's SpaceX is slated to start trading on the Nasdaq in New York at the opening bell, with IPO shares priced at $135 each. The offering, the largest IPO in history, plans to raise $75 billion, resulting in a $1.77 trillion market cap for the enterprise, which operates spacecraft and the Starlink satellite system.The pan-continental Stoxx Europe 600 Index was up 1.6% mid-session.The Stoxx Europe 600 Technology Index was up 1.4%, and the Stoxx 600 Banks Index gained 3.9%.The Stoxx Europe 600 Oil and Gas Index eased 2.6%, while the Stoxx 600 Europe Food and Beverage Index inclined 0.8%.The REITE, a European REIT index, rose 1.9%.On the national market indexes, Germany's DAX was up 1.7%, and the FTSE 100 in London gained 1.3%. The CAC 40 in Paris was up 1.9%, and Spain's IBEX 35 lifted 2.3%.Yields on benchmark 10-year German bonds were lower, near 2.99%.The Euro Stoxx 50 volatility index was down 9.9% at 19.13, indicating below-average volatility for European stock markets in the next 30 days, a positive signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.

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