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International

Persian Gulf Outlook Caps European Bourses Midday

European bourses tracked sideways midday Wednesday after US President Donald Trump unilaterally extended a Persian Gulf ceasefire on Tuesday, but the Strait of Hormuz remained closed to tanker traffic.Property, oil, and tech stocks led gains on continental trading floors, while bank shares lagged.Front-month North Sea Brent crude-oil futures were up 1% at $99.49 a barrel.Investors also eyed Wall Street futures in the green amid choppy closes overnight on Asian exchanges.In economic news, the European Commission on Wednesday proposed AccelerateEU, a set of measures to tackle fossil fuel shortages triggered by the Strait of Hormuz closure. However, the EC said true security would come from a shift to domestically produced clean energies.The pan-continental Stoxx Europe 600 Index was stable mid-session.The Stoxx Europe 600 Technology Index was up 1%, while the Stoxx 600 Banks Index lost 0.9%.The Stoxx Europe 600 Oil and Gas Index rose 1.5%, while the Stoxx 600 Europe Food and Beverage Index edged 0.1% higher.The REITE, a European REIT index, gained 0.8%.On the national market indexes, Germany's DAX was down 0.2%, and the FTSE 100 in London was steady. The CAC 40 in Paris was down 0.4%, and Spain's IBEX 35 eased 0.4%.Yields on benchmark 10-year German bonds were steady, near 3%.The Euro Stoxx 50 volatility index was down 4.4% at 23.10, but still indicating above-average volatility for European stock markets in the next 30 days, a negative signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.

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Equities

EU Moves to End Fossil Fuel Reliance with New AccelerateEU Plan

The European Commission on Wednesday introduced a comprehensive strategic package designed to shield the bloc's citizens from volatile fossil fuel markets while accelerating the transition to a "clean, homegrown energy."The AccelerateEU strategy outlines immediate relief measures, including the establishment of a new Fuel Observatory to monitor stocks and prevent shortages, along with targeted financial support, including energy vouchers and tax breaks for vulnerable households. Addressing long-term independence, the commission plans to present an Electrification Action Plan by the summer of 2026, aiming to replace oil and gas with renewables across the industrial, building and transport segments.To fund the transition, which requires an estimated 660 billion euros in annual investment through 2030, the commission intends to leverage existing resources, such as the Recovery and Resilience Facility, alongside private financing.The proposal follows calls from European Union leaders as oil prices surged due to the conflict in the Middle East. The measures are expected to be discussed at the Informal European Council in Cyprus from Thursday to Friday.

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International

Euro Area's Government Debt-to-GDP Ratio Rises to 87.8% in 2025

The euro area's general government gross debt-to-gross domestic product ratio came in at 87.8% in 2025, according to Eurostat data published Wednesday.In 2024, the region's government debt-to-GDP ratio stood at a revised 87%.

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International

Euro Area's Government Deficit-to-GDP Ratio Declines to 2.9% in 2025

The eurozone's seasonally adjusted general government deficit-to-gross domestic product ratio stood at 2.9% in 2025, down from the revised 3% in the previous year, according to Eurostat data published Wednesday.

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International

Crude Prices, Peace Talk Reports Lift European Bourses Midday

European bourses tracked moderately higher midday Tuesday as global crude prices softened and traders weighed mixed reports of a possible renewal of Tehran-Washington peace negotiations, slated for Islamabad this week.Front-month North Sea Brent crude oil futures were down 0.5% at $95.02 a barrel.Tech and property stocks led gains on continental trading floors, while bank shares lagged.Investors also eyed Wall Street futures in the green, and higher closes overnight on Asian exchanges.In economic news, the European Commission will provide guidance on how to handle airport slots and passenger rights, as well as public-service obligations in the event of jet fuel shortages due to Persian Gulf hostilities, said European Commissioner Apostolos Tzitzikostas on Tuesday, reported Reuters.There are no continental fuel shortages "as of today" but the consequences of a continued blockade of the Strait of Hormuz could be "catastrophic," said Tzitzikostas.The pan-continental Stoxx Europe 600 Index was up 0.2% mid-session.The Stoxx Europe 600 Technology Index was up 1.2%, and the Stoxx 600 Banks Index gained 0.4%.The Stoxx Europe 600 Oil and Gas Index eased 0.4%, while the Stoxx 600 Europe Food and Beverage Index declined 0.6%.The REITE, a European REIT index, rose 0.8%.On the national market indexes, Germany's DAX was up 0.6%, and the FTSE 100 in London was flat. The CAC 40 in Paris was up 0.1%, and Spain's IBEX 35 lifted 0.4%.Yields on benchmark 10-year German bonds were steady, near 2.98%.The Euro Stoxx 50 volatility index was down 1.5% at 22.29, but still indicating above-average volatility for European stock markets in the next 30 days, a negative signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.

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International

Eurozone Economic Sentiment Drops in April, ZEW Says

The euro area's economic sentiment index fell to -20.4 points in April from -8.5 points in March, amid the ongoing Iran war, research institute ZEW said Tuesday.The latest reading compares with the Investing.com consensus estimate of -12.7 points.Meanwhile, the ZEW current situation indicator dropped by 13.1 points to -43 points.

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International

ZEW: German Economic Sentiment Tumbles in April; Current Conditions Worsen

Germany's economic sentiment index dropped to -17.2 points in April from -0.5 point in March, research institute ZEW said Tuesday.The consensus estimate for the month was -6.7 points, according to Investing.com.Meanwhile, the current situation indicator came in at -73.7 points, compared with the previous -62.9 points and the expected -70 points.

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International

Spanish Trade Deficit Declines in February

Spain's trade deficit narrowed to 3.30 billion euros in February, compared with 4.01 billion euros in January, according to government data published Tuesday.Exports rose 9.7% month over month to 31.72 billion euros, while imports increased 6.3% to 35.02 billion euros.

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International

Persian Gulf Outlook Damps European Bourses Midday

European bourses tracked lower midday Monday as traders weighed reports that Tehran will not participate in pending peace-talks with Washington, and after both Iran and the US have said the Strait of Hormuz is generally closed to shipping.The pan-continental Stoxx Europe 600 Index was off 1.1% mid-session.Front-month North Sea Brent crude-oil futures were up 5.4% at $95.29 a barrel.Oil stocks led gains on continental trading floors, while bank and tech shares lagged.Investors also eyed Wall Street futures flashing red amid higher closes overnight on Asian exchanges.In economic news, Germany's producer price index decreased by 0.2% year over year in March, but rose by 2.5% month over month, the latter move due to higher energy prices, Destatis reported.The Stoxx Europe 600 Technology Index was down 1.5%, and the Stoxx 600 Banks Index lost 1.9%.The Stoxx Europe 600 Oil and Gas Index rose 1.6%, while the Stoxx 600 Europe Food and Beverage Index declined 1.3%.The REITE, a European REIT index, fell 1.4%.On the national market indexes, Germany's DAX was down 1.4%, and the FTSE 100 in London lost 0.7%. The CAC 40 in Paris was down 1.2%, and Spain's IBEX 35 eased 1.3%.Yields on benchmark 10-year German bonds were higher, near 3%.The Euro Stoxx 50 volatility index was up 15% at 22.43, indicating above-average volatility for European stock markets in the next 30 days, a negative signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.

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International

Eurozone's Monthly Construction Output Down 0.2% in February

The euro area's seasonally adjusted construction production declined 0.2% month over month in February, following a revised 1.3% drop in January, according to Eurostat data published Monday.On a yearly basis, the eurozone's construction output went down 1.9%, against the revised 4.1% decrease earlier.

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International

Italy's Annual Construction Output Up 1.4% in February

Italy's calendar-adjusted construction output index increased 1.4% year over year in February, following a revised 0.4% decline in January, statistics agency Istat said Monday.On a monthly basis, the country's seasonally adjusted construction output rose 0.5%, against the revised 1.1% fall earlier.

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International

Ifo: German Investment Expectations 'Somewhat' Brightened in March Despite War-driven Uncertainty

German company investment plans have moved to positive territory as orders improved, though the "somewhat" brightening sentiment is offset by uncertainty driven by the Iran war.The ifo Institute reported Monday that its investment expectations indicator ticked up to 0.2 point in March 2026 from -3.1 points in December 2025.Expectations in the industry segment notably rose to 0.1 point from -6.9 points in December 2025, with the outlook improving "particularly strongly" within non-energy-intensive sectors as a significant majority of companies are now budgeting for investment expansion.

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Equities

Germany-owned Sefe Plans to Sell Up to EUR2 Billion of Shares

German government-owned Securing Energy for Europe, or Sefe, is aiming to raise between 1.5 billion euros and 2 billion euros from an offering of shares, London's Financial Times reported Monday.Formerly named Gazprom Germania, the company fell under German government ownership after its seizure in 2022, following Russia's attack on Ukraine. Sefe Chief Executive Officer Egbert Laege said the targeted funds are earmarked for the expansion of the group's infrastructure management business.The executive said they are engaging the German government regarding preferences or restrictions on the offering. The offering will be carried out in line with the European Commission's requirement for the German government to sell at least a 75% stake in Sefe by the end of 2028.

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International

German Annual Producer Prices Down 0.2% in March

The producer prices of industrial products in Germany edged down 0.2% year over year in March, following a 3.3% decline in the previous month, the country's Federal Statistical Office said Monday.On a monthly basis, producer prices were 2.5% higher, against the expected 1.4% growth. The latest reading reflects the largest monthly increase since August 2022.

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International

Easing Oil Prices Undergird European Bourses Midday

European bourses tracked modestly higher midday Friday as traders weighed uncertain prospects for Middle East peace against somewhat cooling oil prices.Front-month North Sea Brent crude-oil futures were down 3.2% at $96.26 a barrel, in midday activity.Tech stocks led gains on continental trading floors, while oil shares lagged.Investors also eyed Wall Street futures in the green amid lower closes overnight on Asian exchanges.In economic news, the Eurozone international trade surplus in goods logged at 11.5 billion euros in February following a 1 billion euro deficit in January, but falling from a surplus of 23.1 billion euros in the same month a year ago, Eurostat reported.The pan-continental Stoxx Europe 600 Index was up 0.1% mid-session.The Stoxx Europe 600 Technology Index was 1.5% higher, and the Stoxx 600 Banks Index gained 0.1%.The Stoxx Europe 600 Oil and Gas Index eased 1.1%, while the Stoxx 600 Europe Food and Beverage Index edged 0.1% higher.The REITE, a European REIT index, gained 0.3%.On the national market indexes, Germany's DAX was up 0.6%, while resource-heavy FTSE 100 in London lost 0.3%. The CAC 40 in Paris was 0.4% higher, and Spain's IBEX 35 advanced 0.1%.Yields on benchmark 10-year German bonds were higher, near 3.04%.The Euro Stoxx 50 volatility index was down 5.5% at 22.43, indicating modestly above-average volatility for European stock markets in the next 30 days, a negative signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.

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International

Eurozone Records Trade Surplus in February

The euro area recorded a trade surplus of 11.5 billion euros in February, against the revised deficit of 1 billion euros in January, according to Eurostat data published Friday.The consensus estimate for the month was a surplus of 11.7 billion euros.Exports of goods to the rest of the world dropped 6.7% year over year to 232.4 billion euros, while imports fell 2.2% to 220.9 billion euros.

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International

Italy Records Current Account Surplus in February

Italy reported a current account surplus of 3.65 billion euros in February, following a revised deficit of 1.84 billion euros in January.In the 12 months to February, the Italian current account surplus totaled 30.2 billion euros, against 19.9 billion euros in the previous year, according to data from the Bank of Italy published Friday.

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International

Italian Trade Surplus Climbs in February

Italy recorded a trade surplus of 4.94 billion euros in February, up from the revised surplus of 1.13 billion euros in January, according to data from statistics agency Istat published Friday.Analysts expected a trade surplus of 3.83 billion euros for the month.Seasonally adjusted exports rose 2.6% month over month, while imports increased 3.5%.

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International

Eurozone Current Account Surplus Falls in February

The euro area's seasonally adjusted current account surplus declined to 25 billion euros in February from the 40 billion euros in the previous month, European Central Bank data showed Friday.The consensus estimate for the month stood at 29.8 billion euros.In the 12 months to February 2026, the bloc's current account surplus totaled 289 billion euros, against 371 billion euros a year earlier.

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International

Ifo: Business Sentiment in German Residential Construction Weakens in March Amid Interest Rate Concerns

The business morale of German residential construction companies deteriorated in March, as renewed fears of interest rate hikes dampened the outlook for residential construction.The ifo Institute reported on Friday that the business climate index fell to -19.5 points from -17.7 points in February, amid "more pessimistic" expectations outweighing a "somewhat better" current situation perspective.Conversely, the order situation is "slowly improving" even amid elevated uncertainty, ifo noted. As building permits increase, the share of companies citing order shortfalls dropped to 43.4%, a low not seen since July 2023. Concurrently, cancellations have trended downward, settling at 10.8%.

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