FINWIRES · TerminalLIVE
FINWIRES

^SXXP

306 stories mentioning ^SXXP

Every FINWIRES story that references ^SXXP, newest first.

International

Persian Gulf Ceasefire Outlook, Corporate Earnings Elevate European Bourses Midday

European bourses tracked moderately higher midday Thursday as traders monitored prospects for a ceasefire extension between Tehran and Washington in the Persian Gulf conflict, and digested the ongoing earnings season.Tech and property stocks led gains on continental trading floors, while food shares lagged.Investors also eyed muted Wall Street futures amid higher closes overnight on Asian exchanges.In economic news, Europe has "maybe 6 weeks or so" of jet fuel left if supplies through the Strait of Hormuz remain blocked, International Energy Agency Executive Director Fatih Birol told the Associated Press.The pan-continental Stoxx Europe 600 Index was up 0.3% mid-session.The Stoxx Europe 600 Technology Index was up 1.5%, and the Stoxx 600 Banks Index was steady.The Stoxx Europe 600 Oil and Gas Index eased 0.2%, while the Stoxx 600 Europe Food and Beverage Index declined 0.3%.The REITE, a European REIT index, rose 1.2%.On the national market indexes, Germany's DAX was up 0.6%, and the FTSE 100 in London gained 0.6%. The CAC 40 in Paris was up 0.5%, and Spain's IBEX 35 advanced 0.2%.Yields on benchmark 10-year German bonds were lower, near 3.01%.Front-month North Sea Brent crude-oil futures were up 1% at $95.84 a barrel.The Euro Stoxx 50 volatility index was down 1.2% at 20.65, but still 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.

^SXXP
International

Eurozone's Annual Inflation Rate Climbs to 2.6% in March, Final Data Shows

Annual inflation in the euro area climbed to 2.6% in March from 1.9% in February, according to final data from Eurostat published Thursday.The final reading is higher than the flash estimate of 2.5%.On a monthly basis, consumer prices were 1.3% higher, compared with the preliminary reading of 1.2%.Excluding energy, food, alcohol and tobacco, the annual inflation rate came in at 2.3%, in line with the initial reading but below the previous month's 2.4%. Month over month, core consumer prices were 0.8% higher, matching the preliminary estimate.

^SXXP
International

Italian Annual Inflation Rate Confirmed at 1.7% in March, Final Data Shows

As expected, Italy's annual inflation rate rose to 1.7% in March from 1.5% in February, final data from statistics agency Istat showed Thursday.On a monthly basis, consumer prices were up 0.5%, in line with the flash figure, against the prior 0.7% gain.The Italian harmonized inflation rate stood at 1.6% on an annual basis, compared with the preliminary and previous 1.5%. Month over month, harmonized consumer prices were 1.7% higher, against the initial estimate of a 1.6% increase and the 0.5% rise earlier.

^SXXP
International

Market Chatter: ECB to Reportedly Hold Rates Steady in April Meeting Amid Ongoing Iran War

European Central Bank policymakers are inclined to leave interest rates unchanged in April, opting to wait for clarity on the economic impact of the ongoing Middle East conflict, Bloomberg News reported Wednesday.Citing people familiar with the discussion, the news outlet said ECB officials believe current financing conditions are anchoring inflation expectations, rendering a rate hike announcement during the April 29 to April 30 meeting unnecessary for now. The war-driven spike in energy prices sent annual inflation higher to 2.5% across the 21-nation bloc in March.ECB did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^SXXP
Equities

Adnoc's XRG Remains Optimistic on Future Investments in Europe

Abu Dhabi National Oil Co., or Adnoc, unit XRG is maintaining a positive outlook on Europe's economic long-term prospects as other investors remain critical of the region's future.Bloomberg News on Wednesday cited the Emirati energy investment company's president of global chemicals, Rainer Seele, as saying that XRG remains open to new deals and is "not ruling out additional investments in Europe."

^FADGI^SXXP
International

Corporate Earnings, Persian Gulf Prospects Cap European Bourses Midday

European bourses tracked marginally lower midday Wednesday as traders mulled the earnings season and awaited clarity on possible Tehran-Washington peace talks.Property and tech stocks led gains on continental trading floors, while bank and oil shares lagged.Upmarket retail stocks pulled back after disappointing quarterly results from luxury-good purveyors Hermes and Kering, who reported sales suppressed in part by the Middle East conflict. Hermes stock was down 8.2% midday, while Kering shares were 9.9% lower.Investors also eyed flat Wall Street futures amid higher closes overnight on Asian exchanges.In economic news, seasonally adjusted industrial production in the Eurozone, and in the broader European Union, gained 0.4% month over month in February, Eurostat reported. Year over year, industrial output in February decreased by 0.6% in in the euro area and declined 0.1% in the EU.The pan-continental Stoxx Europe 600 Index was off 0.1% mid-session.The Stoxx Europe 600 Technology Index was up 0.3%, and the Stoxx 600 Banks Index lost 0.3%.The Stoxx Europe 600 Oil and Gas Index eased 0.2%, while the Stoxx 600 Europe Food and Beverage Index declined 0.1%.The REITE, a European REIT index, gained 0.4%.On the national market indexes, Germany's DAX was steady, and the FTSE 100 in London gained 0.1%. The CAC 40 in Paris was down 0.6%, and Spain's IBEX 35 eased 0.5%Yields on benchmark 10-year German bonds were slightly higher, near 3.03%.Front-month North Sea Brent crude-oil futures were up 1.4% at $96.12 a barrel.The Euro Stoxx 50 volatility index was up 2.1% at 21.07, 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.

^SXXP
International

European Commission Raises EUR9 Billion in Dual-tranche EU-Bond Offering

The European Commission on Tuesday sold two tranches of bonds worth 9 billion euros in a 14.7x oversubscribed offering.The fourth syndicated transaction for 2026 comprises 3 billion euros of 2.375% bond due July 12, 2029, and 6 billion euros of a new 4% bond due Oct. 12, 2046. As such, the commission has now raised 61.3 billion euros of its 90 billion-euro funding target for the first half of 2026.Proceeds from the offering are earmarked for funding EU political priorities, targeting the enhancement of regional competitiveness and resilience, continued assistance for Ukraine, and critical investments in European defense capabilities.Citi, Deutsche Bank, HSBC, Natixis and Nomura served as joint lead managers of the issuance.

^SXXP
International

Eurozone Monthly Industrial Production Up 0.4% in February

The euro area's industrial production edged up 0.4% month over month in February, after a revised 0.8% decline in January, Eurostat data showed Wednesday.The consensus estimate for the month was a 0.3% rise.On a yearly basis, industrial production was down 0.6%, compared with the revised 0.6% decrease earlier and the expected 1% fall.

^SXXP
International

Ifo: German Business Uncertainty Hits Highest Level Since February 2024 Amid Iran War

A higher number of companies in Germany are reporting increased uncertainty over their future business development amid the ongoing war in Iran, an ifo business survey showed Wednesday.The ifo Institute found that 78.6% of surveyed companies expressed "difficult or fairly difficult" to predict their business trajectory in March 2026, up from 75.4% in the previous month. The latest reading marks the economic uncertainty indicator's highest level recorded since February 2024.The level of uncertainty among manufacturing companies came in at 87.7%, reflecting persistent structural challenges within the sector, with energy-intensive industries reporting "particularly high" uncertainty.On the services front, uncertainty climbed to 72% from 66.6%, with a higher percentage of transport and logistics companies reporting planning difficulties. Uncertainty in the trade and construction sectors also rose to 84.4% and 73.4%, respectively, from 84.1% and 71.9%.

^SXXP
International

French Annual Inflation Accelerates to 1.7% in January, Final Data Confirms

As expected, France's annual inflation rate climbed to 1.7% in March, from 0.9% in February, final data from statistics agency Insee showed Wednesday.On a monthly basis, consumer prices were 1% higher, compared with the flash estimate of a 0.9% growth and the prior 0.6% gain.The annual harmonized inflation rate stood at 2% from 1.1%, against the preliminary reading of 1.9%. Month over month, harmonized consumer prices rose 1.1%, confirming the preliminary data, compared with the previous 0.7% uptick.

^SXXP
International

IMF Trims German Economic Growth Forecasts for 2026, 2027

The International Monetary Fund cut its economic growth forecasts for Germany amid rising commodity prices caused by the ongoing war in the Middle East.In its latest World Economic Outlook published Tuesday, the IMF now expects the country's gross domestic product to grow 0.8% in 2026, down from its prior projection of 1.1% in January.For 2027, economic growth is expected to stand at 1.2%, lower than the previously anticipated 1.5%.Meanwhile, the inflation rate in Germany is projected to reach 2.7% in 2026 before falling to 2.3% in 2027.

^SXXP
International

IMF Cuts Euro Area's 2026, 2027 Economic Growth Estimates

The International Monetary Fund lowered its euro area economic growth forecasts for 2026 and 2027 amid global economic disruption caused by the ongoing war in the Middle East.In its latest World Economic Outlook published Tuesday, the IMF now expects the eurozone's growth to come in at 1.1% for 2026 and 1.2% for 2027. The latest figures are lower than its previous estimates of 1.3% and 1.4%, respectively, in January 2026.Meanwhile, the inflation rate in the region is projected to rise to 2.6% in 2026 before declining to 2.2% in 2027.

^SXXP
International

Middle East Outlook Elevates European Bourses Midday

European bourses tracked moderately higher midday Tuesday on renewed hopes for a resumption in Tehran-Washington peace negotiations, and as relative calm prevailed in the Strait of Hormuz as US Navy ships patrolled the waters.Tech and property stocks led gains on continental trading floors, while oil shares lagged.Investors also eyed Wall Street futures in the green, and higher closes overnight on Asian exchanges, led by a 2.7% rise on Seoul's KOSPI index.The pan-continental Stoxx Europe 600 Index was up 0.6% mid-session.The Stoxx Europe 600 Technology Index was up 1.9%, and the Stoxx 600 Banks Index gained 0.6%.The Stoxx Europe 600 Oil and Gas Index was flat, while the Stoxx 600 Europe Food and Beverage Index inclined 0.7%.The REITE, a European REIT index, rose 1.2%.On the national market indexes, Germany's DAX was up 0.9%, and the FTSE 100 in London gained 0.1%. The CAC 40 in Paris was up 0.6%, and Spain's IBEX 35 lifted 0.6%.Yields on benchmark 10-year German bonds were lower, near 3.07%.Front-month North Sea Brent crude-oil futures were holding under $100 a barrel, near $99.30.The Euro Stoxx 50 volatility index was down 8.1% at 20.96, still modestly 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.

^SXXP
International

Spain's Annual Inflation Rate Rises to 3.4% in March, Final Data Shows

Spain's annual inflation accelerated to 3.4% in March, from 2.3% a month ago, according to final data from the National Statistics Institute published Tuesday.The final data is above the flash estimate of 3.3%.On a monthly basis, consumer prices were up 1.2%, against the preliminary reading of a 1% growth and the earlier 0.4% gain.The Spanish annual harmonized inflation rate was 3.4%, higher than the flash estimate of 3.3% and the previous 2.5%. Month over month, harmonized consumer prices grew 1.7%, above the initial 1.5% increase and the 0.4% uptick earlier.Meanwhile, the country's annual core inflation rate rose to 2.9%, compared with the expected and previous 2.7%.

^SXXP
International

German Annual Wholesale Prices Up 4.1% in March

Germany's wholesale selling prices rose 4.1% year over year in March, after a 1.2% jump in February, the country's Federal Statistical Office said Tuesday.On a monthly basis, wholesale prices were 2.7% higher, against the previous 0.6% gain and the consensus estimate of a 0.4% growth.

^SXXP
Equities

EU to Present Proposals on Electricity Taxes, Grids Charges in May Amid Energy Crisis

The European Commission will present legislative proposals on electricity taxes and grids charges in May to help reduce energy bill costs amid the fossil fuel crisis caused by the ongoing war in the Middle East."We will also coordinate oil stock releases, to achieve the largest possible effect of these releases. And we will ensure that Member States' emergency measures will not impact the Single Market," Commission President Ursula von der Leyen said Monday, noting that the EU's bill for fossil fuel imports has surged by more than 22 billion euros since the war began 44 days ago.In her speech regarding the impact of the war on the European Union, von der Leyen stressed the importance of coordination among EU member states to deal with the energy crisis and the need to hasten the electrification of the bloc's economy by shifting electricity generation to renewable and nuclear power "as rapidly as possible."

^SXXP
Equities

Market Chatter: EU to Propose Energy Tax Cuts, Lower Grid Charges Amid Surging Energy Prices

The European Commission is expected to propose a reduction in energy taxes and power grid charges in a bid to alleviate the impact of soaring oil and gas prices on businesses and consumers, Bloomberg News reported Monday.The commission will put forward its proposal at a meeting next week, with a policy paper set to be adopted on April 22, people with knowledge of the matter told the news outlet. The recommendation is also aimed at supporting the European Union's wider plan to utilize clean technologies as part of its goal to cut its dependence on fossil fuels.The commission did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^SXXP
International

Persian Gulf Turmoil Blunts European Bourses Midday

European bourses tracked moderately lower midday Monday after President Donald Trump said the US will block the Strait of Hormuz, following the failure of peace negotiations between Washington and Tehran over the weekend.Oil stocks led gains on continental trading floors, while food and tech shares lagged.Front-month North Sea Brent crude-oil futures were up 7.1% at $101.96 a barrel, in midday trades.Investors also eyed Wall Street futures flashing red, and lower closes overnight on Asian exchanges.In other news, Germany's Rheinmetall and the Netherlands-based Destinus announced a joint venture to manufacture missile systems. The venture will combine Rheinmetall's large production capacities with Destinus's specific technology, said company officials.The pan-continental Stoxx Europe 600 Index was off 0.6% mid-session.The Stoxx Europe 600 Technology Index was down 0.9%, and the Stoxx 600 Banks Index lost 0.8%.The Stoxx Europe 600 Oil and Gas Index rose 0.7%, while the Stoxx 600 Europe Food and Beverage Index declined 0.9%.The REITE, a European REIT index, fell 0.8%.On the national market indexes, Germany's DAX was down 1%, and the FTSE 100 in London lost 0.5%. The CAC 40 in Paris was down 0.8%, and Spain's IBEX 35 fell 1.5%.Yields on benchmark 10-year German bonds were higher, near 3.08%.The Euro Stoxx 50 volatility index was up 6.8% at 23.83, 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.

^SXXP
International

Ifo: German Building Materials Manufacturers Report 'Distinctly Gloomier' Sentiment in March

The business sentiment among Germany's building materials companies was "distinctly gloomier" in March amid higher energy costs, according to an ifo Institute survey published Monday.The ifo business climate index for the sector dropped to -23.5 points from -17.9 points in February, with companies pessimistic about their present and future situation. Within this context, surveyed companies intend to increase prices and reduce their output.Conversely, ifo noted that order backlogs are "considerably more favorable" in March, rising to -43.5 points from -63.7 points a year ago, suggesting the industry is "slowly emerging" from the crisis, albeit progress is tempered by the fallout from the Middle East conflict.

^SXXP
International

KOF Global Barometers Diverge in April

The KOF Swiss Economic Institute's global economic barometers diverged in April but remained slightly above the 100-point level, indicating continued "moderate" economic growth across the world, despite the uncertainties created by the US/Israel-Iran war.The coincident global barometer declined 0.2 point to 102.1 points, while the leading barometer rose 1.7 points to 102.9 points, according to a Friday release.The decrease in the coincident barometer was mainly due to negative contributions from Europe and the Asia, Pacific & Africa region. On the other hand, the increase in the leading barometer was largely attributed to positive contributions from the Western Hemisphere and the Asia, Pacific & Africa region.

^DFMGI^FADGIFTSE 100^SSMI^SXXP^TASI

Showing 281-300 of 306

^SXXP News | FINWIRES