726 stories mentioning STOXX Europe 600Updated 12m ago
Hit fresh record highs after Tehran and Washington said the Strait of Hormuz would reopen as part of peace negotiations.
The number of individuals registered as unemployed in Spain fell by 28,739 in June, after a decrease of 36,323 in May, according to government data published Thursday.Analysts expected a decrease of 40,800 in unemployment levels for the month.
European bourses tracked moderately lower midday Wednesday as traders booked profits, after broad equities indices struck record highs on Tuesday.Tech stocks bucked trends to rise on continental trading floors, while property, food and oil shares lagged.Investors also eyed muted Wall Street futures, and unevenly higher closes overnight on Asian exchanges.In economic news, euro area annual inflation is expected to log at 2.8% on year in June, down from 3.2% in May, said Eurostat.The case for another European Central Bank (ECB) interest rate increase is "receding," ECB Governing Council member Pierre Wunsch said, reported Econostream.The pan-continental Stoxx Europe 600 Index was off 0.3% mid-session, slipping from an all-time zenith set on Tuesday.The Stoxx Europe 600 Technology Index was up 0.7%, but the Stoxx 600 Banks Index lost 0.3%.The Stoxx Europe 600 Oil and Gas Index eased 0.6%, while the Stoxx 600 Europe Food and Beverage Index declined 0.6%.The REITE, a European REIT index, fell 0.6%.On the national market indexes, Germany's DAX was up 0.3%, but the FTSE 100 in London lost 0.3%. The CAC 40 in Paris was down 0.6%, and Spain's IBEX 35 eased 0.7%.Yields on benchmark 10-year German bonds were higher, near 2.93%.Front-month North Sea Brent crude-oil futures were down 0.8% at $72.38 a barrel.The Euro Stoxx 50 volatility index was down 1.1% at 16.41, 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.
The annual inflation rate in the euro area surprised on the downside in June, giving the European Central Bank more time to assess inflationary pressures as it mulls its next monetary policy decision.Flash estimates published by Eurostat on Wednesday showed that eurozone inflation eased to 2.8% in June from 3.2% in May, below the consensus estimate of 3%. Month over month, consumer prices were 0.1% lower, following a 0.1% uptick previously.Energy inflation was the top contributor to the decline in the annual rate, falling to 8.7% from 10.8% in the previous Month, based on the statistics agency's data. Inflation in services as well as food, alcohol and tobacco also decreased, while the prices of non-energy industrial goods remained stable at 0.9%.Excluding energy, food, alcohol and tobacco, the annual inflation rate stood at 2.4%, lower than May's 2.6% and the expected 2.5%. On a monthly basis, core consumer prices edged up 0.2%.Among the euro area's top economies, preliminary data showed that annual inflation rates eased in Germany, France and Italy, while consumer prices in Spain held steady year over year."The drop in June was in part related to oil price declines, which are starting to translate into lower prices at the pump ... And because gasoline prices respond more slowly to the oil price on the decline than during an increase, this probably means that at current oil price levels, there is still more downward pressure on energy inflation for consumers to come in July," ING said in a note, saying the outlook is becoming more dovish for the ECB."But with uncertainty around the Middle East deal remaining, the ECB will appreciate some time to see how things play out and whether any force is still necessary [to fight inflation]," the research firm added.The ECB is set to decide on its monetary policy on July 23.
Annual inflation in the euro area declined to 2.8% in June from 3.2% in May, according to Eurostat flash estimates released Wednesday.The latest reading is below the consensus estimate of 3%.On a monthly basis, consumer prices ticked down 0.1%.Excluding energy, food, alcohol and tobacco, the annual inflation rate came in at 2.4%, lower than the previous 2.6% and the expected 2.5%. Month over month, core consumer prices edged up 0.2%.
The eurozone's manufacturing activity slowed down in June amid challenging supply conditions and easing cost pressures, according to final data from S&P Global published Wednesday.The S&P Global Eurozone Manufacturing PMI declined to a four-month low of 51.4 in June, compared with the previous 51.6 and the flash estimate of 51.3.
German manufacturing sector expansion continued in June amid a marginal rise in output bolstered by a slight increase in new orders, S&P Global said Wednesday.The final headline S&P Global Germany Manufacturing PMI edged up to 50.3, close to the 50-point no-change mark, from the previous 50.1. The flash estimate for June stood at 50.
France's manufacturing sector activity returned to expansion territory in June, amid a softer decline in output and new orders, S&P Global data showed Wednesday.The final S&P Global France Manufacturing PMI climbed to 51.2 from 49.7 in May, against the flash estimate of 50.7.
Italy's manufacturing growth eased in June amid a softer expansion in output and new orders, as demand from stockpiling somewhat weakened, S&P Global said Wednesday.The S&P Global Italy Manufacturing PMI fell to 52.2 from 52.9 in May, below the consensus estimate of 52.4.
Sentiment in Germany's chemical industry "significantly improved" in June, as energy prices and costs of certain intermediate products dipped amid easing tensions in the Middle East.The business climate index jumped to -17.8 points from -29.0 points in May, the ifo Institute said Wednesday. The indicator for the current business situation "considerably" improved to -2.9 points from -16.5 points, while the expectations index rose to -31.5 points from -40.7 points.ifo industry expert Anna Wolf attributed the sector's stabilized production and increased June orders to a temporary trade shift, with Middle East supply disruptions redirecting demand to German chemical producers. Still, the institute noted that supply constraints for intermediate goods remain, with most manufacturers expecting prices to begin climbing again soon.
Operating conditions in Spain's manufacturing sector marginally deteriorated in June, as new orders fell sharply and production dropped for the first time in three months, S&P Global said Wednesday.The seasonally adjusted S&P Spain Manufacturing PMI fell to 49.7, against the previous 51.2 and the expected 51.
Germany's annual inflation rate fell to 2.3% in June from 2.6% in May, according to provisional data from the country's Federal Statistical Office published Tuesday.The latest reading is below the consensus estimate of 2.6%.On a monthly basis, consumer prices were down 0.3%, against the previous 0.2% decrease and the expected zero growth.The annual harmonized inflation rate was 2.4%, compared with the prior 2.7% and the market forecast of 2.6%. Meanwhile, harmonized consumer prices were 0.2% lower month over month, against the previous reading of a 0.1% decline and the expected 0.1% rise.
European bourses tracked higher midday Tuesday as tech issues again showed strength, and as Persian Gulf turmoil somewhat abated.Bank and oil stocks also led gains on continental trading floors, while food shares lagged.Additionally, investors eyed Wall Street futures in the green, and higher closes overnight on Asian exchanges.Expanded measures to protect the European Union's steel industry will become effective Wednesday, the European Commission announced. The duty-free import quota for 26 categories of steel products will be decreased by an average of 47%, to 18.3 million tons per year, while out-of-quota imports will be subject to a 50% tariff, advised the commission.The pan-continental Stoxx Europe 600 Index was up 1.1% mid-session.The Stoxx Europe 600 Technology Index was up 1.6%, and the Stoxx 600 Banks Index gained 1.1%.The Stoxx Europe 600 Oil and Gas Index rose 1.2%, while the Stoxx 600 Europe Food and Beverage Index declined 0.7%.The REITE, a European REIT index, rose 0.2%.On the national market indexes, Germany's DAX was up 1.5%, and the FTSE 100 in London gained 1.2%. The CAC 40 in Paris was down 0.6%, and Spain's IBEX 35 lifted 0.7%.Yields on benchmark 10-year German bonds were steady, near 2.89%.Front-month North Sea Brent crude-oil futures were down 0.2% at $73.80 a barrel.The Euro Stoxx 50 volatility index was down 1.9% at 16.90, 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.
Italy's annual inflation rate edged down to 3% in June from 3.2% in May, provisional data from statistics agency Istat showed Tuesday.The consensus estimate for the month was 3.1%.On a monthly basis, consumer prices showed zero growth, compared with the market forecast of a 0.2% rise and the prior 0.4% decline.The Italian harmonized inflation rate stood at 3.1% on an annual basis, in line with expectations, against the previous reading of 3.2%. Month over month, harmonized consumer prices were 0.1% higher, against the prior 0.3% gain.
The number of German companies planning to increase their prices declined in June as expectations of peace in the Middle East drove down energy prices, the ifo Institute said Tuesday.Month over month, the ifo price expectations indicator decreased to 26.4 points from 30 points in May, even as producer and consumer prices are anticipated to keep climbing in the coming months. The indicator monitors the percentage of companies that plan to hike prices on balance.On a sector basis, price pressures notably eased in energy-intensive companies, a trend mirrored to a lesser degree by non-energy-intensive companies. Meanwhile, food retail also experienced a pullback, though pressure "remains high."
Spain's current account surplus declined to 1.88 billion euros in April from 4.16 billion euros in March, according to Bank of Spain data published Tuesday.For the four months to April, the current account surplus totaled 10.81 billion euros, against 12.35 billion euros a year earlier.
Italy's industrial producer prices edged down 0.2% month over month in May, following a 0.3% rise in April, data from statistics agency Istat showed Tuesday.On a yearly basis, the index was up 7.3%, compared with the 6.8% increase earlier.
Germany's seasonally adjusted unemployment rate was unchanged at 6.3% in June, according to government data published Tuesday.Analysts expected the jobless rate to remain stable during the month.Meanwhile, the number of unemployed individuals in Germany fell by 1,000 in June, against the 12,000 drop earlier and the expected jump of 7,000.
French industrial producer prices for the home market rose 3% year over year in May, following a revised 2.3% growth in April, according to data from Insee published Tuesday.On a monthly basis, industrial producer prices were 0.3% lower, against a revised 2% decrease earlier.
France's annual inflation eased to 1.8% in June, from 2.4% in May, provisional data from statistics agency Insee showed Tuesday.The consensus estimate for the period was 2.1%.On a monthly basis, consumer prices were 0.2% lower, against the prior 0.1% uptick and the expected flat reading.The flash annual harmonized inflation rate came in at 2%, against the previous month's 2.8% and the market forecast of 2.4%. Month over month, harmonized consumer prices edged down 0.3%, against the previous 0.1% rise and the expectation of no change.
France's monthly household consumption increased 0.5% in May, following a 0.5% dip in the prior month, according to data from statistics agency Insee published Tuesday.Analysts expected a 0.2% gain for the month.
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