725 stories mentioning STOXX Europe 600Updated 1d ago
Hit fresh record highs after Tehran and Washington said the Strait of Hormuz would reopen as part of peace negotiations.
Germany's economic sentiment index ticked up to 34.7 points in September from 34.2 points in August, research institute ZEW said Tuesday.Analysts expected 39.8 points for the month.Meanwhile, the current situation indicator came in at -47.1 points, compared with the previous -61.1 points and the consensus of -53 points.
Italy recorded a trade surplus of 8.24 billion euros in July, up from the revised surplus of 4.34 billion euros in June, according to data from statistics agency Istat published Tuesday.Analysts expected a trade surplus of 4.77 billion euros for the month.Seasonally adjusted exports climbed 0.3% month over month, while imports declined 1.2%.
Spain's annual inflation surged to 4.3% in August from 3.6% in July, final data from the National Statistics Institute confirmed Tuesday.The reading represents the highest level since February 2023.On a monthly basis, consumer prices in Spain were up 0.7%, in line with the initial reading, and against the previous 0.3% rise.The Spanish annual harmonized inflation rate was 4.6%, higher than the previous 3.9% and the flash estimate of 4.5%. Month over month, harmonized consumer prices grew 0.7%, above the initial data of a 0.6% gain and zero growth earlier.Meanwhile, the country's annual core inflation rate fell to 2.9% from 3%, matching the flash data.
As expected, France's annual inflation rate climbed to 2.4% in August, from 2.1% in July, final data from statistics agency Insee showed Tuesday.On a monthly basis, consumer prices were 0.7% higher, in line with the flash estimate and compared with the prior 0.6% gain.The annual harmonized inflation rate rose to 2.6% from 2.4%, against the preliminary reading of 2.7%. Month over month, harmonized consumer prices was up 0.7%, compared with the previous 0.6% uptick and the flash figure of 0.8% growth.
Germany's wholesale selling prices rose 6.8% year over year in August, following a 5.3% increase in July, the country's Federal Statistical Office said Tuesday.On a monthly basis, wholesale prices were 0.9% higher, against the consensus estimate of a 0.1% gain.
European bourses tracked modestly lower midday Monday as traders weighed rising global crude prices, Middle East turmoil, and mounting concerns regarding the regulation of artificial intelligence models.Undercutting AI-related shares, over the weekend, Anthropic Chief Executive Dario Amodei posted on platform X that AI development should be slowed, while OpenAI CEO Sam Altman told Fortune magazine his company will not go public in 2026, also citing safety concerns.The pan-continental Stoxx Europe 600 Index was off 0.2% mid-session.Food stocks led gains on continental trading floors, while tech shares lagged.Front-month North Sea Brent crude-oil futures were up 3.4% at $108.16 a barrel in midday trades.Investors also eyed Wall Street futures flashing red, and lower closes overnight on Asian exchanges.In economic news, European Central Bank Governing Council member Martins Kazaks said the central bank may need to gradually raise interest rates further to contain inflation, due to higher energy bills, Reuters reported.The Stoxx Europe 600 Technology Index was down 2.1%, and the Stoxx 600 Banks Index lost 0.9% in mid-session action.The Stoxx Europe 600 Oil and Gas Index eased 0.1%, but the Stoxx 600 Europe Food and Beverage Index bucked trends and inclined 2.7%.The REITE, a European REIT index, rose 0.1%.On the national market indexes, Germany's DAX was down 0.5%, and the FTSE 100 in London gained 0.6%, largely on resource shares. The CAC 40 in Paris was down 0.7%, and Spain's IBEX 35 declined 0.9%.Yields on benchmark 10-year German bonds were higher, near 3.54%.The Euro Stoxx 50 volatility index was up 13.7% at 19.98, indicating average volatility for European stock markets in the next 30 days, a neutral signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.
The Netherlands will cut its gas stockpiling target by 10 percentage points to 64% of storage capacity, or 93 terawatt-hours, in response to the European Commission's wider call for reduced stockpiling amid the ongoing Middle East conflict.The government said in a Friday notice that it expects to meet the new target between Oct. 1 and Dec. 1, and considers it more than sufficient to cover the country's average needs for the winter season.
Germany's current account surplus totaled 21.2 billion euros in July, up by 2.3 billion euros from the previous month, the Deutsche Bundesbank said Friday.The German central bank attributed the movement to a higher surplus in trade in goods, alongside a decline in the surplus in so-called invisible current account transactions.
European bourses tracked moderately higher midday Friday as traders weighed easing crude oil prices, and looked for relative bargains after recent sell-offs.Bank stocks led broad gains on continental trading floors.Front-month North Sea Brent crude-oil futures were down 3.3% at $104.12 a barrel in midday trades, after the International Energy Agency downwardly revised its projection of global petroleum consumption in 2026, citing demand destruction caused by higher prices.Investors also eyed Wall Street futures flashing green, but lower closes overnight on Asian exchanges.In economic news, prospects for further European Central Bank (ECB) rate hikes will depend on the path of energy costs, Germany's central bank chief Joachim Nagel said, reported CNBC.The ECB on Thursday increased its key interest rate to 2.50% from 2.25%, citing inflation concerns.The pan-continental Stoxx Europe 600 Index was up 0.6% mid-session.The Stoxx Europe 600 Technology Index was up 0.3%, and the Stoxx 600 Banks Index gained 1.1%.The Stoxx Europe 600 Oil and Gas Index rose 0.3%, while the Stoxx 600 Europe Food and Beverage Index inclined 0.5%.The REITE, a European REIT index, rose 0.4%.On the national market indexes, Germany's DAX was up 0.6%, and the FTSE 100 in London also gained 0.6%. The CAC 40 in Paris was up 0.6%, and Spain's IBEX 35 also lifted 0.6%.Yields on benchmark 10-year German bonds were steady, near 3.51%.The Euro Stoxx 50 volatility index was down 2.5% at 18.74, 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 International Energy Agency expects global oil demand in 2026 to fall more than previously forecast, amid continued supply disruptions and a delay in the anticipated oil flow normalization into the next year due to stalled negotiations between the US and Iran to end the war in the Middle East.In its September oil market report published Friday, the IEA said global oil demand is now projected to decrease by 2.5 million barrels per day on average this year, 940,000 barrels per day higher than its forecast a month ago, as persistently high fuel prices weigh on consumption. The pace of decline in demand, however, is estimated to ease in the third and fourth quarters before, after which demand is expected to recover by 2.6 million barrels of oil per day in 2027Meanwhile, global supply is now projected to drop by 5.7 million barrels of oil per day in 2026, to 100.7 million barrels per day on average, before rebounding in the next year."Inventories have so far played a crucial role in balancing the market. Since the start of the war, global observed oil inventories have fallen by 507 mb, equal to an average draw of 2.8 mb/d. August alone saw stocks fall by a steep 95 mb, or 3.1 mb/d," the IEA noted. "With buffers shrinking and the global refining system stretched to the limit, the need for progress in resolving the conflict in the Middle East - and the Russia-Ukraine war, which is now in its fifth year - is greater than ever to avoid further market tightening and demand destruction."
Germany locked in an investment commitment of 40 billion euros from the United Arab Emirates for the improvement of the European country's industrial competitiveness.The investment package will be used to advance Germany's technological leadership and long-term economic growth, according to a Thursday release. A portion of the package will be spent on advanced digital infrastructure, including the development of data centers with a capacity of 1 gigawatt.Representatives from both countries unveiled the investment package during UAE President Mohamed bin Zayed Al Nahyan's ongoing state visit to Germany. Areas of discussion included international and regional security, trade and investment, energy and climate, and emerging technology, among others.The countries also disclosed that German and Emirati companies entered into a total of 29 memoranda of understanding and deals for transactions with a combined value surpassing 9.36 billion euros. Germany and the UAE committed to establishing a council to oversee investments between the two countries.Beyond the 40-billion-euro package, some companies also entered into corporate investments and partnerships, including German chemicals company Covestro (1COV.F), German energy group RWE (RWE.F), Abu Dhabi National Oil Co., or Adnoc, and Abu Dhabi Future Energy Co., d/b/a Masdar.Al Nahyan is visiting Germany while the UAE is negotiating a free trade agreement with the European Union. Both countries expressed support for "a comprehensive, commercially ambitious agreement" that is expected to generate economic benefits for both parties.
The European Central Bank raised its three key interest rates by 25 basis points on Thursday, as the energy shock caused by the ongoing Middle East war pushes inflation in the euro area above its 2% medium-term target.As widely expected, the central bank will increase the deposit facility rate to 2.50%, while the interest rates on main refinancing operations and the marginal lending facility will rise to 2.65% and 2.90%, respectively, effective Sept. 16. The decision marks the ECB's second interest rate hike in 2026."The conflict in the Middle East continues to generate inflation pressures, and inflation is set to remain well above target for an extended period," the ECB's Governing Council said, reiterating its commitment to ensure that the inflation rate stabilizes at its 2% target. "The outlook remains highly uncertain, with risks to the upside for inflation and to the downside for economic growth. In relation to the energy shock, the updated scenarios put together by staff illustrate the broad range of outcomes for how growth and inflation would evolve under different assumptions about its intensity and duration, as well as its indirect and second-round effects."Baseline inflation projections for 2027 and 2028 were also updated, with ECB staff forecasting average headline inflation of 2.5% and 2.1%, respectively. Meanwhile, the average core inflation estimates were 2.6% in 2027 and 2.3% in 2028. Headline and core inflation forecasts for 2026 remain unchanged at 3% and 2.5%.In June, ECB staff's average headline inflation expectations stood at 2.3% in 2027 and 2% in 2028, while average core inflation forecasts for the two years were projected to be 2.5% and 2.2%."They might not like the term, but the just-announced second rate hike, bringing the ECB's deposit rate to 2.5%, still falls into the category of an 'insurance' rate hike. Or to put it in terms the Bank might prefer, it is a hike to stay ahead of the curve, demonstrating the ECB's high level of vigilance, and an attempt to prevent higher energy prices from feeding through to the broader economy," ING said in a quick take note. "While the stage was set for a rate hike, even under a more benign energy price outlook, the recent escalation in the Middle East and surge in oil prices have clearly strengthened the case for an increase."
The European Central Bank raised its three key interest rates by 25 basis points at its September meeting on Thursday as inflation in the euro area exceeded its 2% medium-term target rate amid the ongoing war in the Middle East.As widely expected, the interest rates on the deposit facility, the main refinancing operations and the marginal lending facility will rise to 2.50%, 2.65% and 2.90%, respectively, effective Sept. 16.The ECB said uncertainty over the outlook remains high, with an upside risk to inflation and a downside risk to economic growth."In relation to the energy shock, the updated scenarios put together by staff illustrate the broad range of outcomes for how growth and inflation would evolve under different assumptions about its intensity and duration, as well as its indirect and second-round effects," the ECB said, reiterating its commitment to ensure that the inflation rate stabilizes at its 2% target.
The KOF Swiss Economic Institute's global economic barometers rose in September, indicating a "moderate" rate of economic growth worldwide.The coincident global barometer rose 1.4 points to 104.6 points, recovering from the previous month's decline, while the leading barometer moved up 1.4 points to 105.9 points, according to a Thursday release.The increase in both barometers was largely attributed to the positive contribution from the Asia, Pacific and Africa region.
European bourses tracked modestly lower midday Thursday as traders awaited a rate decision from the European Central Bank (ECB) and weighed rising crude prices.The pan-continental Stoxx Europe 600 Index was off 0.1% mid-session.Oil stocks led modest gains on continental trading floors, while tech shares lagged.Front-month North Sea Brent crude-oil futures were up 1.1% at $102.31 a barrel in midday trades.The ECB is expected to raise its key policy rate to 2.50% from 2.25% in an afternoon decision, in a bid to cool the continent's inflation rate.Investors also eyed largely muted Wall Street futures, and mostly lower closes overnight on Asian exchanges.In the sectors, the Stoxx Europe 600 Technology Index was down 0.8%, and the Stoxx 600 Banks Index lost 0.1% in mid-session trading.The Stoxx Europe 600 Oil and Gas Index rose 0.3%, while the Stoxx 600 Europe Food and Beverage Index declined 0.2%.The REITE, a European REIT index, was steady.On the national market indexes, Germany's DAX was steady, and the FTSE 100 in London lost 0.3%. The CAC 40 in Paris was up 0.2%, and Spain's IBEX 35 lifted 0.3%.Yields on benchmark 10-year German bonds were higher, near 3.45%.The Euro Stoxx 50 volatility index was up 13% at 18.74, but still 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 seasonally adjusted industrial production increased 0.7% month over month in July, after a revised 1.1% decrease in June, statistics agency Istat said Thursday.Analysts expected 0.3% growth for the month.On a yearly basis, the calendar-adjusted industrial output was stable, against the previous and expected 0.6% decline.
Spain's industrial production, adjusted for seasonal and calendar effects, rose 2.3% year over year in July, following 1.1% growth in June, provisional data from the National Statistics Institute showed Thursday.On a monthly basis, Spanish industrial output increased 0.6%, against the 0.7% decline previously.
Confirming the flash estimate, Germany's annual inflation rate ticked up to 2.9% in August from 2.8% in July, final data from the country's Federal Statistical Office showed Thursday.On a monthly basis, consumer prices edged up 0.2%, matching the preliminary reading and against the previous 0.8% increase.The annual harmonized inflation rate for August was also confirmed at 2.9%, compared with 2.8% earlier. Meanwhile, harmonized consumer prices were affirmed to be 0.2% higher month over month, against the previous reading of a 0.9% gain.
European bourses tracked lower midday Wednesday as traders weighed rising bond yields and oil prices, and looked ahead to a European Central Bank rate decision on Thursday.The pan-continental Stoxx Europe 600 Index was off 1.4% mid-session.Oil stocks led scant gains on continental trading floors, while bank and tech shares lagged.Investors also eyed Wall Street futures in the red amid uneven closes overnight on Asian exchanges.Front-month North Sea Brent crude-oil futures were up 2.8% at $100.65 a barrel in midday trades, with oil prices exceeding $100 a barrel for the first time since July.In economic news, the ECB Watch Tool estimates a 99% chance the central bank will raise rates to 2.50% from 2.25%. The ECB's accompanying explanation will be read for clues as to whether the monetary authority plans more rate hikes in 2026.On the sectors, the Stoxx Europe 600 Technology Index was down 1.4%, and the Stoxx 600 Banks Index lost 2.4% mid-session.The Stoxx Europe 600 Oil and Gas Index gained 0.3%, while the Stoxx 600 Europe Food and Beverage Index declined 1.2%.The REITE, a European REIT index, fell 1%.On the national market indexes, Germany's DAX was down 1.5%, and the FTSE 100 in London lost 1%. The CAC 40 in Paris was down 1.8%, and Spain's IBEX 35 eased 2.2%.Yields on benchmark 10-year German bonds were higher, near 3.4%.The Euro Stoxx 50 volatility index was up 11% at 18.44, but still indicated 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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