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STOXX Europe 600

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528 stories mentioning STOXX Europe 600Updated just now

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

International

Italian Business Confidence Grows in July; Consumer Sentiment Up

Italy's business confidence index edged up to 95.6 points in July from the revised 95.3 points in June, according to data from statistics agency Istat published Friday.For the manufacturing sector, the confidence index rose to 89.6 points from the revised 88.6 points previously. The consensus estimate stood at 88.9 points.Meanwhile, Italian consumer confidence was 94.2 points, against the prior 92.4 points and the expected 92.5 points.

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International

German Unemployment Rate Rises to 6.4% in July

Germany's seasonally adjusted unemployment rate increased to 6.4% in July from 6.3% in June, according to government data published Friday.The reading exceeded the consensus forecast of 6.3% for the month.Meanwhile, the number of unemployed individuals in Germany rose by 6,000 in July, against the 1,000 decrease earlier and the expected jump of 5,000.

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International

Ifo: German Manufacturers Faced Fewer Material Shortages in July

The number of German companies dealing with supply issues for intermediate products declined in July, the ifo Institute said Friday.Based on the institute's latest survey, 13.7% of the polled companies reported material shortages, down from 17.2% in June. However, ifo Head of Surveys Klaus Wohlrabe warned the improvement might not last as supply chains "remain vulnerable" to the latest disruptions near the Strait of Hormuz.The situation improved "considerably" in the chemical industry, while slight changes were seen in mechanical engineering and the automotive sector. Electronics and electrical equipment makers also saw modest drops in supply shortages, though their situations "remain tense" due to surging artificial intelligence-driven demand for memory chips.

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International

French Annual Industrial Producer Prices Rise 2.6% in June

French industrial producer prices for the home market climbed 2.6% year over year in June, following a revised 3.1% increase in May, according to data from Insee published Friday.On a monthly basis, industrial producer prices were 0.6% lower, against a revised 0.2% decline the month prior.

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International

French Flash Annual Inflation Rate Rises to 2.1% in July

France's annual inflation edged up to 2.1% in July, from 1.8% in the previous month, provisional data from statistics agency Insee showed Friday.On a monthly basis, consumer prices were 0.6% higher, against the prior 0.3% decline and the expected 0.3% uptick.The flash annual harmonized inflation rate came in at 2.4%, against the previous month's 2% and the market forecast of 2.1%. Month over month, harmonized consumer prices gained 0.6%, against the previous 0.3% decrease and the expected 0.3% gain.

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International

Destatis: German Jobless Rate Rises in June

Germany's unemployment rate was 4% in June, up from 3.6% in the previous year, the country's Federal Statistical Office said Friday.As of June, nearly 1.8 million individuals were jobless in Germany.Adjusted for seasonal and irregular effects, the unemployment rate rose month over month to 3.9% from 3.8%.

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International

German Flash Annual Inflation Rises to 2.8% in July

Germany's annual inflation rate increased to 2.8% in July from 2.3% in June, according to provisional data from the country's Federal Statistical Office published Thursday.The latest reading is above the consensus estimate of 2.7%.On a monthly basis, consumer prices were up 0.8%, against the previous 0.3% decline and the expected 0.7% rise.The annual harmonized inflation rate stood at 2.8%, as expected, compared with the prior 2.4%. Meanwhile, harmonized consumer prices were up 0.9% month over month, against the previous reading of a 0.2% downtick and the expected 0.8% gain.

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Eurozone GDP Growth Beats Forecasts in Second Quarter Despite Continued Geopolitical Uncertainty
US Markets

Eurozone GDP Growth Beats Forecasts in Second Quarter Despite Continued Geopolitical Uncertainty

The eurozone economy recorded better-than-expected growth in the second quarter despite rising energy prices and continued geopolitical uncertainty stemming from the war in the Middle East.The euro area's gross domestic product grew 0.4% in the second quarter, following a revised zero growth in the prior three-month period, according to Eurostat's flash data released Thursday. The latest reading came in higher than market forecasts of a 0.2% rise.Among the eurozone member states, Ireland logged the strongest quarterly increase with a 3.9% GDP growth, rebounding from an upwardly adjusted 7% fall in the previous three months.Italy and Germany both saw a GDP expansion of 0.2%, easing from the prior 0.3% and revised 0.4%, respectively, while France's economy rebounded to 0.2% from a 0.1% contraction previously. Spain's GDP was up 0.7%, compared with 0.6% earlier."The eurozone economy seems to have once again shrugged off a global economic shock quite well. The US-Iran war and subsequent rising energy prices have not done much to dent eurozone growth rates so far. The second-quarter growth rate came in at a strong 0.4% quarter-on-quarter, which was the fastest since the first quarter of 2025," ING said in a note. "But truth be told, eurozone headline GDP data continues to be distorted significantly by jumps in Irish data, which is notorious for being influenced by multinational accounting activity ... Stripping out Ireland, we see that GDP growth would have been 0.3% in Q2 - only modestly stronger than in Q1."On a yearly basis, the eurozone economy expanded by 1% during the quarter, against the revised 0.5% gain in the previous three months and the consensus estimate of a 0.5% growth."Of course, the war in the Middle East poses the main downside risk to the eurozone economy for the moment. But bar a prolonged period of significant re-escalation, eurozone GDP growth could well continue to motor on at a decent - though not spectacular - pace," ING added. "At a time when risks are so prominent, that's actually quite good news."

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Asia Markets

Earnings, Oil, Bank of England Boost European Bourses Midday

European bourses tracked moderately higher midday Thursday as traders weighed the earnings season, steady oil prices and a Bank of England decision to hold rates unchanged.Bank and tech stocks led gains on continental trading floors, while food shares lagged.Schneider Electric shares rose 7.3% after the energy- and utility-industry equipment manufacturer lifted full-year guidance due to strong infrastructure demand.Investors also eyed Wall Street futures flashing green after tech-colossus Microsoft (MSFT) reported strong quarterly results overnight.The Bank of England maintained its key policy rate at 3.75% on Thursday, as largely expected. Six of the nine-member policy committee voted for holding the rate steady, while three favored a 0.25% rate increase.The pan-continental Stoxx Europe 600 Index was up 0.4% mid-session.The Stoxx Europe 600 Technology Index was up 0.7%, and the Stoxx 600 Banks Index gained 1.4%.The Stoxx Europe 600 Oil and Gas Index rose 0.1%, while the Stoxx 600 Europe Food and Beverage Index declined 0.1%.The REITE, a European REIT index, rose 0.1%.On the national market indexes, Germany's DAX was up 0.1%, and the FTSE 100 in London gained 0.4%. The CAC 40 in Paris was up 0.9%, and Spain's IBEX 35 lifted 1.5%.Yields on benchmark 10-year German bonds were higher, near 3.17%.Front-month North Sea Brent crude-oil futures were down 0.6% at $87.49 a barrel.The Euro Stoxx 50 volatility index was down 2.5% at 18.70, 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 Expects Germany's Economic Recovery to Continue in H2 Amid Energy, Inflation Risks

The German economy is projected to sustain its recovery trajectory in the second half, even as renewed geopolitical uncertainties continue to pose upside risks to energy costs and broader inflation, the ifo Institute said Thursday.Growth in the eurozone's largest economy is expected to be driven by the ongoing government stimulus and newly implemented structural reforms.According to ifo's head of forecasts, Timo Wollmershäuser, recent improvements in the business climate index point to steady sentiment, with the July survey showing "hardly any differences" in business expectations before and after the conflict in the Persian Gulf reignited earlier in July.

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International

Italy's Monthly Industrial Producer Prices Stable in June

Italy's industrial producer prices were stable month over month in June, after a 0.2% decrease in May, according to data from statistics agency Istat published Thursday.On a yearly basis, the index was 5.8% higher, against the 7.3% growth earlier.

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International

Eurozone Unemployment Rate Stable at 6.3% in June

The seasonally adjusted unemployment rate in the euro area stood at 6.3% in June, unchanged from the revised May figure, according to Eurostat data published Thursday.The latest reading is above the consensus estimate of 6.2%.

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International

Eurozone's Quarterly GDP Up 0.4% in Q2, Flash Data Shows

The euro area's quarterly gross domestic product rose 0.4% in the second quarter, after a revised zero growth in the prior three-month period, flash data from Eurostat showed Thursday.Analysts expected a 0.2% rise.On a yearly basis, the eurozone economy grew 1% during the quarter, against the revised 0.5% gain in the previous three months and the consensus estimate of 0.5% growth.

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International

Euro Area Economic Sentiment Up in July; Consumer Confidence Improves

Economic sentiment in the euro area improved in July, with the indicator rising to 96.9 points from the revised 95.4 points a month ago, according to European Commission data published Thursday.The latest reading is above the consensus estimate of 96 points.Meanwhile, the consumer confidence index was at -15.9 points, in line with the flash estimate and against the previous -17.6 points.

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International

Italian Unemployment Rate Rises to 5.7% in June

Italy's unemployment rate came in at 5.7% in June, up from the revised 5.3% in May, provisional data from national statistics agency Istat showed Thursday.The latest reading compares with the consensus estimate of 5%.

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International

Ifo: Fewer German Companies Plan Price Hikes in July

The number of German businesses planning to raise their prices declined in July, though future price actions are expected to be "heavily influenced" by developments in the Middle East war, the ifo Institute said Thursday.Month over month, the ifo price expectations indicator decreased to 21.6 points from June's 26.1 points.By sector, price pressures eased in almost all sectors, including energy-intensive businesses and non-energy-intensive firms. However, ifo researcher Tiphaine Wibault noted that companies surveyed after July 10 reported higher price expectations than those who responded before the reignited conflict in the Gulf.

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International

Italian Quarterly GDP Up in 0.2% in Q2, Flash Data Shows

Italy's quarterly gross domestic product growth stood at 0.2% in the second quarter after a 0.3% rise in the prior three-month period, preliminary data from statistics agency Istat showed Thursday.The consensus estimate for the month pointed to a 0.1% uptick.On a yearly basis, the Italian economy expanded 1% in the quarter, against the 0.8% gain earlier and the expected 0.7% increase.

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International

German Quarterly GDP Up 0.2% in Q2, Flash Data Shows

Germany's quarterly gross domestic product rose 0.2% in the second quarter, after a revised 0.4% gain in the prior three-month period, provisional data from the Federal Statistical Office showed Thursday.The consensus estimate for the month was a 0.1% uptick.On a yearly basis, the German economy expanded by 0.9% during the quarter, against the expected 0.6% growth.

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International

Spanish Annual Inflation Rate Rises to 3.5% in July, Flash Data Shows

Spain's annual inflation accelerated to 3.5% in July from 3.2% in June, according to provisional data from the National Statistics Institute published Thursday.The reading is above the consensus estimate of 3.2% on Investing.com.On a monthly basis, consumer prices in Spain were up 0.2%, as expected, and against the previous 0.6% gain.The Spanish annual harmonized inflation rate came in at 3.8%, higher than the previous 3.6% and the market forecast of 3.7%. Month over month, harmonized consumer prices declined 0.1%, compared with the 0.6% rise earlier and the expected 0.2% decrease.Meanwhile, the country's annual core inflation rate edged up to 3% from 2.9%.

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International

Spain's Quarterly GDP Growth Accelerates to 0.7% in Q2, Flash Data Shows

Spain's quarterly gross domestic product growth accelerated to 0.7% in the second quarter, from 0.6% in the prior three-month period, preliminary data from the National Statistics Institute showed Thursday.The consensus estimate for the period was a 0.6% gain.Annually, the Spanish economy grew 2.7%, consistent with the prior reading and against market expectations of a 2.5% rise.

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