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STOXX Europe 600

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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.

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Germany Faces US Probe on Alleged 'Unfair' Pricing Policies for Pharmaceutical Products
US Markets

Germany Faces US Probe on Alleged 'Unfair' Pricing Policies for Pharmaceutical Products

Germany is facing an investigation in the US over allegations that its pricing policies and practices concerning pharmaceutical products are "unfair" and causing harm to US commerce.US Trade Representative Jamieson Greer launched the probe on Thursday, employing Section 301 of the Trade Act of 1974. Greer's office said the investigation followed "months of meaningful discussions" with German counterparts in an attempt to resolve the issue."I am particularly concerned with news that Germany is fast-tracking legislation that would further reduce its spending on innovative pharmaceuticals. This is a serious step backwards at a time when our trading partners need to step up and start paying their fair share to fund innovative pharmaceutical research and development," Greer commented.The office said the investigation is being carried out pursuant to a mandate from President Donald Trump to take all necessary action to stop foreign countries' actions that negatively impact US commerce.In line with the guidelines of the Trade Act, the US Trade Representative said it sought the cooperation of Germany in the investigation. Comments from interested persons will also be accepted until Aug. 10 ahead of a Sept. 22 public hearing scheduled for the investigation.The probe follows the announcement in April of a pharmaceutical pricing agreement between the US and the UK. Greer said Germany "should follow suit with constructive negotiations to address this imbalance."

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International

Italy's Annual Construction Output Up 2.7% in April

Italy's calendar-adjusted construction output index increased 2.7% year over year in April, following a revised 3% gain in March, statistics agency Istat said Friday.On a monthly basis, the country's seasonally adjusted construction output edged up 0.3%, against the revised 1.9% rise earlier.

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International

German Annual Producer Prices Up 2.2% in May

The producer prices of industrial products in Germany increased 2.2% year over year in May, following a 1.7% growth in April, the country's Federal Statistical Office said Friday.Analysts expected a 2.5% jump for the month.On a monthly basis, producer prices were 0.3% higher, against the expected 0.7% gain.

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Equities

Market Chatter: Germany Reportedly Mulls Extension of Emergency Oil Reserve Waiver Past August

Germany is said to be evaluating a potential extension of its relaxed emergency oil storage rule beyond the Aug. 31 expiration date, Reuters reported Thursday, citing a spokesperson from the country's economy ministry.The measure was originally introduced in March as Germany joined an International Energy Agency-coordinated emergency oil release, under which the country committed 19.5 million barrels of oil to a record 400-million-barrel global release aimed at stabilizing surging crude prices amid supply disruptions caused by the conflict in the Middle East.The German Ministry of Economic Affairs and Energy 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.)

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International

Hawkish Fed Outlook Damps European Bourses Midday

European bourses tracked moderately lower midday Thursday as traders mulled the somewhat hawkish commentary that new Federal Reserve Chair Kevin Warsh delivered overnight, and prospects for a tighter US monetary policy in the seasons ahead.Food and property stocks led broad, tempered losses on continental trading floors.Investors also eyed Wall Street futures flashing green, and higher closes overnight on Asian exchanges.In economic news, the Bank of England held its key policy interest rate steady at 3.75%, while the Swiss National Bank left its policy rate unchanged at 0%.The pan-continental Stoxx Europe 600 Index was off 0.6% mid-session.The Stoxx Europe 600 Technology Index was down 0.1%, and the Stoxx 600 Banks Index lost 0.4%.The Stoxx Europe 600 Oil and Gas Index eased 0.5%, while the Stoxx 600 Europe Food and Beverage Index declined 1.1%.The REITE, a European REIT index, fell 1.9%.On the national market indexes, Germany's DAX was down 0.1%, and the FTSE 100 in London lost 1%. The CAC 40 in Paris was down 0.2%, and Spain's IBEX 35 eased 0.6%.Yields on benchmark 10-year German bonds were higher, near 2.94%.Front-month North Sea Brent crude-oil futures were down 1% at $78.72 a barrel.The Euro Stoxx 50 volatility index was steady at 16.59, 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 Cuts 2027 Economic Growth Forecast for Germany as High Energy Prices Persist

The ifo Institute lowered its economic growth forecast for Germany in 2027, as energy prices are expected to remain elevated despite the US-Iran peace agreement aimed at ending the war in the Middle East.In its summer economic forecast published Thursday, the research institute said it now expects Germany's price-adjusted gross domestic product to expand by 0.8% in 2027, amid a projected gradual fall in energy prices, assuming a de-escalation of the war over the coming weeks and reopening of the Strait of Hormuz. However, the research institute flagged that energy prices could remain above pre-war levels and negatively impact growth by 0.4 percentage points for both 2026 and 2027.Ifo's previous GDP growth projection for 2027 stood at 1.2%, under a de-escalation scenario. For 2026, the growth estimate remains at 0.8%."While a massive energy price shock caused by the Middle East conflict is slowing down the economy, a highly expansionary fiscal policy is supporting growth. The economy is currently being shaped by conflicting forces," the ifo said. "Since the agreement reached last weekend, futures market prices have pointed to energy prices falling faster. In this case, the inflation rate is also likely to decline faster, and growth should be higher. However, it is also possible that the agreement reached over the weekend will not hold, and the conflict will escalate again."Meanwhile, headline inflation is projected to reach 2.9% in 2026 before easing to 2.7% 2027, under the assumption of a de-escalation. The prior expectations were 2.2% and 2.3%, respectively.

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International

Eurozone's Monthly Construction Output Up 0.6% in April

The euro area's seasonally adjusted construction production rose 0.6% month over month in April, following a revised 1.7% gain in March, according to Eurostat data published Thursday.On a yearly basis, the eurozone's construction output increased 0.9%, against the revised 0.2% rise earlier.

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International

Italian Current Account Surplus Climbs in April

Italy's current account surplus increased to 2.26 billion euros in April from a revised surplus of 1.83 billion euros in the prior month.In the 12 months to April, the Italian current account surplus totaled 32.9 billion euros, against 18 billion euros in the previous year, according to data from the Bank of Italy published Thursday.

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International

Eurozone Current Account Surplus Rises in April

The euro area's seasonally adjusted current account surplus increased to 16 billion euros in April from the revised 15 billion euros in the previous month, European Central Bank data showed Thursday.The consensus estimate for the month was for a surplus of 18.5 billion euros, according to Investing.com data.In the 12 months to April, the bloc's current account surplus totaled 269 billion euros, against 351 billion euros a year earlier.

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International

Easing Interest Rates, Steady Crude Prices Undergird European Bourses Midday

European bourses tracked moderately higher midday Wednesday as traders weighed mildly easing interest rates and steady oil prices, while awaiting clarity on the pending Washington-Tehran peace agreement.Tech and bank stocks led gains on continental trading floors, while oil and property shares lagged.Yields on benchmark 10-year German bonds were lower, near 2.93%.Investors also eyed Wall Street futures in the green, and higher closes overnight on Asian exchanges, including a fresh all-time zenith on Tokyo's Nikkei 225.In corporate news, BMW shares traded down 6.3% in Frankfurt after the German automaker issued a profit warning, citing soft demand in China and pressure from Persian Gulf hostilities.The pan-continental Stoxx Europe 600 Index was up 0.4% mid-session.The Stoxx Europe 600 Technology Index was up 1.2%, and the Stoxx 600 Banks Index gained 1.1%.The Stoxx Europe 600 Oil and Gas Index eased 0.3%, while the Stoxx 600 Europe Food and Beverage Index inclined 0.2%.The REITE, a European REIT index, fell 0.2%.On the national market indexes, Germany's DAX was up 0.1%, and the FTSE 100 in London lost 0.1%. The CAC 40 in Paris was up 0.4%, and Spain's IBEX 35 lifted 0.6%.Front-month North Sea Brent crude-oil futures were up 0.5% to $79.38 a barrel.The Euro Stoxx 50 volatility index was down 1.6% at 15.85, 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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Equities

IEA Forecasts Oil Market Recovery in 2027 After US-Iran Deal

The International Energy Agency expects the oil market to recover in 2027 following weak demand amid disruptions arising from the Middle East war, after the US and Iran reached an interim peace deal that could lead to a reopening of the Strait of Hormuz.In its June oil market report published Wednesday, the IEA said global oil demand is anticipated to decline by 1.1 million barrels per day year over year in 2026, a downgrade of 700,000 barrels per day from its previous month's forecast, as deliveries fell in the second quarter due to increased fuel prices and supply disruptions. Meanwhile, global supply is forecast to drop by 3.9 million barrels of oil per day on average in 2026, to 102.4 million barrels per day, before rebounding to 110.3 million barrels per day in the next year."Further declines in the coming months could still take global oil stocks to historic lows before the market balance shifts to surplus towards the end of the year," the IEA noted.Looking ahead, a rebound in demand growth of a "modest" 2 million barrels per day is projected in 2027 as trade flow normalizes, oil prices decline and the economic outlook brightens, under the assumption that the deal holds."While the US‑Iran interim agreement paves the way for a rebound in Middle East exports, operational and political constraints, including prolonged demining and unresolved transit arrangements, leave downside risks to the outlook," the IEA said.The US-Iran agreement is set to be signed on Friday in Switzerland.

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International

Eurozone's Annual Inflation Rate Confirmed at 3.2% in May

Annual inflation in the euro area rose to 3.2% in May from 3% in April, according to final data from Eurostat published Wednesday.The final reading is consistent with the flash estimate.On a monthly basis, consumer prices were 0.1% higher, matching the preliminary reading.Excluding energy, food, alcohol and tobacco, the annual inflation rate came in at 2.6%, above the initial reading of 2.5% and the previous month's 2.2%. Month over month, core consumer prices were 0.3% higher, in line with the preliminary estimate.

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International

Euro Area Job Vacancy Rate Ticks Up in Q1

The job vacancy rate in the euro area stood at 2.3% in the first quarter, up from 2.2% in the previous three months, Eurostat said Tuesday.The latest reading is lower than the 2.4% rate in the prior-year quarter.

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International

Lower Oil Prices, Interest Rates Trigger Fresh Zeniths on European Bourses Midday

European bourses tracked moderately higher midday Tuesday to fresh all-time highs, as traders weighed easing oil bills and interest rates, and monitored Persian Gulf pronouncements from Tehran and Washington.Bank and oil stocks led gains on continental trading floors, while tech, food and property shares eased.Yields on benchmark 10-year German bonds were lower, near 2.93%.Front-month North Sea Brent crude oil futures were down 2.6%, near $80.99 a barrel.Investors also eyed tepid Wall Street futures, and unevenly higher closes overnight on Asian exchanges, after a raft of soft economic reports from Beijing.In economic news, Germany's economic sentiment index rose in June to a positive 10.5, swinging up from a negative 10.2 in May, reported the Centre for European Economic Research (ZEW).The anticipated end of Persian Gulf hostilities boosted sentiments, said ZEW.The pan-continental Stoxx Europe 600 Index was up 0.4% mid-session, in all-time high territory.The Stoxx Europe 600 Technology Index was down 0.3%, and the Stoxx 600 Banks Index gained 1.5%.The Stoxx Europe 600 Oil and Gas Index rose 0.4%, while the Stoxx 600 Europe Food and Beverage Index declined 0.5%.The REITE, a European REIT index, fell 0.4%.On the national market indexes, Germany's DAX was up 0.5%, and the FTSE 100 in London gained 0.5%. The CAC 40 in Paris was up 0.7%, and Spain's IBEX 35 lifted 0.3%.The Euro Stoxx 50 volatility index was down 1.6% at 16.29, 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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ZEW: Germany's Economic Outlook Brightens in June as US-Iran Deal to End War Sparks Optimism
US Markets

ZEW: Germany's Economic Outlook Brightens in June as US-Iran Deal to End War Sparks Optimism

Investor sentiment on Germany's economic outlook unexpectedly turned positive in June amid hopes that the war in the Middle East would finally reach an end after the US and Iran agreed on a preliminary deal.The ZEW economic sentiment indicator for Germany improved to 10.5 points in June from -10.2 points in May, according to data published Tuesday by the research institute, which surveyed 190 analysts and institutional investors between June 8 and 15. The latest reading came in higher than the Investing.com consensus estimate of -5.8 points."The ZEW Indicator returns to positive territory as financial market experts expect the Iran conflict to be nearing an end. This is likely to ease the massive pressure on energy prices and inflation, which would benefit energy -intensive industries and private households and would strengthen domestic demand," ZEW President Achim Wambach said.On the other hand, the current economic situation indicator for the country worsened, falling to -81 points from the previous -77.8 points. Analysts expected the reading to come in at -77.5 points.Across various sectors, the expectations index for the automotive industry increased by 21.9 points to -35.3 points. The chemical and pharmaceutical industries, as well as the mechanical engineering, banks and insurance sectors were also among those that saw improved expectations. Meanwhile, the outlook for the construction industry deteriorated, dropping by 15.2 points to -12 points.In the wider euro area, the economic sentiment indicator climbed to 9.5 points in June from -9.1 points in May, better than market forecasts of -7.2 points. In contrast, the current economic situation indicator decreased by 2 points to -43.4 points.

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Equities

Moscow Oil Refinery Hit by Ukrainian Drones

An oil refinery in the Russian capital was struck by Ukrainian drones, causing fire and damage to a primary processing unit, according to Moscow Mayor Sergei Sobyanin's Tuesday statement on Telegram.The Ministry of Emergency Situations of Russia said the same day the fire at the Moscow Oil Refinery was completely extinguished, and the incident did not affect the plant's functioning.

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International

ZEW: German Economic Sentiment Improves in June; Current Conditions Worsen

Germany's economic sentiment index climbed to 10.5 points in June from -10.2 points in May, research institute ZEW said Tuesday.The consensus estimate for the month was -5.8 points, according to Investing.com.Meanwhile, the current situation indicator came in at -81 points, compared with the previous -77.8 points and the expected -77.5 points.

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International

Eurozone Economic Sentiment Turns Positive in June, ZEW Says

The euro area's economic sentiment index rose to 9.5 points in June from -9.1 points in May, research institute ZEW said Tuesday.The consensus estimate for the month was -7.2 points.Meanwhile, the current situation indicator decreased by 2 points to -43.4 points.

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International

Euro Area's Annual Labor Costs Up 3.2% in Q1

Hourly labor costs in the eurozone rose 3.2% year over year in the first quarter, compared with the 3.3% gain in the prior three-month period, Eurostat said Tuesday.Analysts expected a 3.3% jump for the month.Meanwhile, wages and salaries in the region grew 3.4% on an annual basis, against the 3% increase earlier.

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International

Italian Annual Inflation Rate Climbs to 3.2% in May, Final Data Confirms

As expected, Italy's annual inflation rate increased to 3.2% in May from 2.7% in April, final data from statistics agency Istat showed Tuesday.On a monthly basis, consumer prices rose 0.4%, in line with the preliminary reading and compared with the prior 1.1% gain.The Italian harmonized inflation rate stood at 3.2% on an annual basis, against the flash figure of 3.3% and the previous reading of 2.8%. Month over month, harmonized consumer prices were 0.3% higher, against the prior 1.6% rise and the initial estimate of a 0.4% uptick.

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