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.
France's industrial production was down 0.4% month over month in July, following a revised 0.1% decline in the previous month, statistics agency Insee said Wednesday.Analysts expected a 0.2% gain for the month.On a yearly basis, the index was down 0.5%.
European bourses tracked modestly lower midday as traders weighed fresh hostilities in the Middle East and rising petroleum prices.Saudi Arabia said attacks from Yemen's Houthis had halted operations at several energy facilities, multiple news outlets reported.Food and oil stocks led gains on continental trading floors, while tech and bank shares lagged.Front-month North Sea Brent crude-oil futures were up 1.7% at $98.60 a barrel in midday action.Investors also eyed muted Wall Street futures, and lower closes overnight on Asian exchanges.In economic news, Germany's exports were down 0.8% in July from June, and imports dropped 5.7%, reported the Federal Statistical Office, or Destatis. Year on year, Germany's exports increased by 6.1% in July, and imports rose by 3%.The pan-continental Stoxx Europe 600 Index was off 0.1% mid-session.The Stoxx Europe 600 Technology Index was down 0.6%, and the Stoxx 600 Banks Index lost 0.6%.The Stoxx Europe 600 Oil and Gas Index rose 0.2%, while the Stoxx 600 Europe Food and Beverage Index inclined 1.5%.The REITE, a European REIT index, fell 0.5%.On the national market indexes, Germany's DAX was down 0.2%, and the FTSE 100 in London was flat. The CAC 40 in Paris was marginally lower, and Spain's IBEX 35 eased 0.3%.Yields on benchmark 10-year German bonds were higher, near 3.38%.The Euro Stoxx 50 volatility index was up 3.2% at 16.90, 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.
France recorded a current account deficit of 4.7 billion euros in July, up from the revised deficit of 1.6 billion euros in June, the Bank of France said Tuesday.In the 12 months to July, France's current account deficit totaled 12 billion euros, compared with the deficit of 18.2 billion euros a year earlier.
Sentiment in the German electronics industry sustained its upward trajectory in August, as companies are "significantly more optimistic" about their business outlook, the ifo Institute said Tuesday.The business climate indicator climbed to 16 points from 10 points a month ago, marking the index's strongest reading since May 2023. ifo noted that while surveyed companies were "more cautious" about current business conditions versus the previous month, the sentiment was still "clearly positive."The main driver was digitalization, particularly growing investments in artificial intelligence, data centers and automation bolstering order books. International business is also strengthening business confidence, according to ifo."This is no short-lived flash in the pan, but the result of long-term investments that will boost the industry for some time to come," ifo expert Klaus Wohlrabe said.
France recorded a current account deficit of 4.7 billion euros in July, up from the revised deficit of 1.6 billion euros in June, the Bank of France said Tuesday.In the 12 months to July, France's current account deficit totaled 12 billion euros, compared with the deficit of 18.2 billion euros a year earlier.
Germany's calendar and seasonally adjusted trade surplus came in at 21.3 billion euros in July, up from 15.4 billion euros a month ago, according to data from the country's Federal Statistical Office published Tuesday.Analysts expected a trade surplus of 16 billion euros for the month.Exports edged down 0.8% month over month, compared with the 0.9% gain in June and the expected zero growth. Monthly imports were 5.7% lower, against the revised 4.5% increase earlier.
The euro area's seasonally adjusted services production edged down 0.3% month over month in June, following a revised 0.7% rise in May, according to Eurostat data published Monday.On a yearly basis, the eurozone's services output increased 1.5%, against the revised 2.3% gain earlier.
The euro area's investor confidence index climbed to 5.1 points in September from 0.9 points in August, a Sentix survey published Monday showed.The latest reading is above the consensus estimate of 2.1 points and marks the highest since February 2022.The expectations index for the region increased to 13.8 points from 10.3 points, while the current situation indicator rose to -3.3 points from -8.0 points.
The euro area's seasonally adjusted gross domestic product rose 0.6% in the second quarter, following zero growth in the prior three-month period, according to Eurostat's third estimate released Monday.The latest reading compares with the second estimate of a 0.4% rise.On a yearly basis, the region's economy grew 1.2% in the quarter, against the second estimate of a 1% expansion and the revised 0.6% increase previously.
The number of employed individuals in the euro area rose 0.1% in the second quarter, the same as in the prior three-month period, final data from Eurostat showed Monday.The figure is in line with the flash estimate.On a yearly basis, employment growth in the eurozone stood at 0.5% in the second quarter, unchanged from the previous quarter and in line with the flash reading.
Germany's monthly industrial production missed market expectations in July amid a slump in automotive output, provisional data from the Federal Statistical Office showed Monday.Seasonally and calendar-adjusted industrial output in July was down 1.1% month on month, following a revised zero growth earlier and below the consensus estimate of a 0.1% gain. On an annual basis, calendar-adjusted industrial production fell 1.6%, compared with the revised 0.5% decrease in the previous month.According to Destatis, the downturn was primarily led by a 9.2% month-over-month drop in automotive production, likely triggered by a multi-week factory shutdown. Conversely, increased wind and photovoltaic generation powered a 4.7% increase in energy output, helping boost overall production.Meanwhile, there was a modest 0.4% rise for the May to July period versus the previous three-month average."This morning's industrial production data is a good reminder of how fragile the cyclical recovery of the German economy is. The first half of the year had seen remarkable resilience, driven by fiscal stimulus finally filtering through to the economy, but also a resilience driven by the government's tax rebate on gasoline for two months. Finally, the fact that other regions were hit harder by the closure of the Strait of Hormuz had made some German companies a kind of crisis beneficiary, as orders were rechannelled from Asia to Europe and in particular Germany," ING said in a note."Looking ahead, the war in the Middle East, which is slowly turning into a forever war, keeping oil prices at elevated levels, as well as the likely upcoming shock of higher gas prices in the next heating season and renewed trade tensions, pose risks to the German outlook," ING added, noting that dropping water levels in key transport corridors pose additional risk to manufacturing output and supply chains.
France's foreign exchange reserves rose to 380.69 billion euros in August from 357.05 billion euros in July, according to government data published Monday.The total amount consisted of 301.16 billion euros in gold reserves and 33.91 billion euros in foreign currency reserves, along with 39.23 billion euros in claims on the International Monetary Fund and 6.39 billion euros in other reserve assets.
Germany's industrial production fell 1.1% month over month in July, following a revised zero growth earlier, provisional data from the Federal Statistical Office showed Monday.Analysts expected a 0.1% gain for the month.On a yearly basis, German industrial output was 1.6% lower, against the revised 0.5% decrease earlier.
Deutsche Bank Research expects the European Central Bank to deliver two more rate hikes in 2026 amid persistent energy inflation from the Middle East conflict and "resilient" growth in the region supported by defense and artificial intelligence spending.The research firm said in a Sept. 4 preview note that it expects the ECB to raise its deposit rate to 2.50% at the September meeting on Thursday, with a further 25-basis-point hike to 2.75% in December.Analysts noted that while economic growth has resisted energy supply shocks, geopolitical risks and gas replenishment continue to push fuel expenses higher. As elevated energy costs take time to filter through the economy, Deutsche Bank increased its headline 2027 inflation forecast to 2.7% from 2.5%. The research firm also boosted its expectations for ECB staff projections by 0.4 percentage points to 2.7% in 2027 and by 0.1 percentage point to 2.1% in 2028."The outlook remains highly contingent and there are two-sided risks to 2.75%. We cannot rule out a 2.50% peak if there is rapid geopolitical resolution, materially lower gas prices, weaker growth, the absence of indirect inflation effects and a tightening in credit," the note said.
European bourses tracked modestly higher midday Friday, as traders weighed mildly easing bond yields and oil prices.Tech stocks led gains on continental trading floors, while bank shares lagged.Front-month North Sea Brent crude-oil futures were down 0.5% at $95.02 a barrel in midday trade.Investors also eyed Wall Street futures largely in the green, and higher closes overnight on Asian exchanges.In economic news, seasonally adjusted retail sales in the Eurozone fell 0.6% in July from June, but were up 0.6% on year, reported Eurostat. In the broader European Union, seasonally adjusted retail sales fell 0.4% in July from June, but were up 1% on year.The pan-continental Stoxx Europe 600 Index was up 0.1% mid-session.The Stoxx Europe 600 Technology Index was up 1.4%, but the Stoxx 600 Banks Index lost 0.3%.The Stoxx Europe 600 Oil and Gas Index eased 0.1%, while the Stoxx 600 Europe Food and Beverage Index inclined 0.3%.The REITE, a European REIT index, rose 0.3%.On the national market indexes, Germany's DAX was up 0.3%, and the FTSE 100 in London lost 0.1%. The CAC 40 in Paris was down 0.1%, and Spain's IBEX 35 was flat.Yields on benchmark 10-year German bonds were lower, near 3.35%.The Euro Stoxx 50 volatility index was down 5.8% at 16.49, 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.
Construction activity in the euro area fell at a quicker pace in August amid a sharp drop in new orders as demand conditions worsened, according to survey data from S&P Global published Friday.The seasonally adjusted S&P Global Eurozone Construction PMI Total Activity Index decreased to 43 from 44.3 in July, largely reflecting lower new order intakes, which saw the fastest rate of decline since April.France recorded its steepest fall in construction output since May 2020, while companies in Italy saw the fastest decline in activity in four years. In contrast, businesses in Germany saw the weakest rate of decrease thus far in 2026.Among the three monitored segments, the contraction was most pronounced in housing, while commercial companies also experienced a sharp fall in construction activity in August. Civil engineering also logged lower activity, although the reduction was at a softer pace.Meanwhile, builders across the eurozone cut staffing levels in August following a drop in new business, with French and German companies reducing their headcount. Bucking the trend was Italy, which increased its construction employment for the second straight month.Purchasing activity was also down during the month, with construction companies in France and Germany reporting a softer decline in purchasing, while Italian builders saw the steepest reduction since January 2023."August data revealed a sharper downturn in construction activity, largely in response to a steeper deterioration in demand conditions," S&P Global Market Intelligence economist Usamah Bhatti said. "Weakness across the sector weighed on the outlook for activity, with firms signalling pessimism regarding the year ahead. According to panel members, headwinds to activity stemmed from inflationary concerns and the war in the Middle East. Companies will take heart from the fact that overall cost inflation trended downwards again to reach a six-month low, however."
The euro area's retail sales declined 0.6% month over month in July, following a revised 0.2% increase in June, according to Eurostat data published Friday.Analysts expected a 0.3% growth for the month.On a yearly basis, the eurozone's retail sales were up 0.6%, against the revised 1.4% rise earlier and the expected 1.1% gain.
A jump in transport equipment orders boosted overall German monthly factory orders in July, according to preliminary data from the country's Federal Statistical Office published Friday.Seasonally and calendar-adjusted manufacturing orders for July climbed 2.5% month on month, beating market expectations of a 0.3% gain and following the revised 3.7% growth in June.The positive headline figure was attributed almost entirely to large-scale contracts in transport equipment, including ships, trains and aircraft. The 126.4% surge in heavy transport orders helped offset a 12.5% decline in the automotive segment.According to Destatis, excluding these mega orders, factory demand slipped by 1.4% month over month.Meanwhile, capital and intermediate goods orders grew by 2.4% and 4.3%, respectively. In contrast, consumer goods recorded a 4.8% drop.July orders were also supported by a 9.1% rise in domestic sales and a 12.1% gain in orders from the eurozone. However, total foreign demand declined by 2.1% as orders outside the euro area slumped 10.1%.On a yearly basis, calendar-adjusted order growth accelerated to 13.1%, after June's revised 7.2% increase. While the three-month average rose 2.9%, excluding the large-scale deals showed a 2.2% contraction for May to July.
Italy's seasonally adjusted retail sales declined 0.4% in July, after a revised 0.2% downtick in June, according to data from statistics agency Istat published Friday.Analysts expected a 0.2% rise for the month.On a yearly basis, retail sales were 0.8% higher, against the 3.1% gain the previous month.
Italy's construction sector downturn accelerated in August, amid the quickest decline in activity in four years on the back of a "solid" drop in new orders and work in residential and commercial buildings, S&P Global said Friday.The S&P Global Italy Construction PMI came in at 41.7 in August, down from 49.1 in July.
Showing 41-60 of 725
