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.
Spain's seasonally and calendar-adjusted retail sales declined 0.9% month over month in July, compared with the 0.3% growth in June, the National Statistics Institute said Friday.On a yearly basis, retail sales were 0.3% lower, compared with the revised 0.6% growth earlier.
Spain's annual inflation grew to 4.3% in August from 3.6% in July, according to provisional data from the National Statistics Institute published Friday.The reading is above the consensus estimate of 4.2%On a monthly basis, consumer prices in Spain were up 0.7%, against the previous 0.3% rise.The Spanish annual harmonized inflation rate came in at 4.5%, higher than the previous 3.9% and below the market forecast of 4.6%. Month over month, harmonized consumer prices gained 0.6%, compared with the flat reading earlier.Meanwhile, the country's annual core inflation rate fell to 2.9% from 3%.
France's monthly household consumption increased 0.5% in July, following a revised 0.6% rise in June, according to data from statistics agency Insee published Friday.Analysts expected a 0.1% gain for the month.
France's quarterly gross domestic product was stable in the second quarter, following a revised 0.2% decline in the prior three-month period, according to final data from Insee published Friday.The reading compares with the flash estimate of 0.2% growth during the quarter.On a yearly basis, the French economy grew 0.5%, below the preliminary reading of a 0.7% increase.
France's annual inflation accelerated to 2.4% in August, from 2.1% in July, provisional data from statistics agency Insee showed Friday.On a monthly basis, consumer prices were 0.7% higher, matching the consensus estimate and against the prior 0.6% increase.The flash annual harmonized inflation rate came in at 2.7%, against the previous month's 2.4%. Month over month, harmonized consumer prices rose 0.8%, against the previous 0.6% growth.
The business climate in Germany's chemical sector "improved sharply" in August as demand grows amid supply disruptions related to the Strait of Hormuz blockade.The business climate index climbed to -2.4 points from -26.3 points in July, the ifo Institute said Friday. The indicator for the current business situation rose to 11.6 points from -14.6 points, marking the first positive reading in four years.Meanwhile, the expectations index increased to -15.5 points from -37.2 points, as companies expect a continued "economic upturn" amid ongoing geopolitical challenges.
Germany's unemployment rate was 4.2% in July, up from 3.9% in the previous year, the country's Federal Statistical Office said Friday.As of July, over 1.8 million individuals were jobless in Germany.Adjusted for seasonal and irregular effects, the unemployment rate was unchanged month over month at 4%.
Germany's import prices climbed 6.8% year over year in July, compared with a 6.1% increase in the previous month, the country's Federal Statistical Office said Friday.On a monthly basis, German import prices were 0.2% higher, against the 0.7% decline earlier and the expected 0.3% growth.
European bourses tracked moderately lower midday Thursday as traders weighed positive Nvidia (NVDA) earnings results issued overnight and steady oil prices amid an uncertain outlook for the Ukraine-Russia war.Tech stocks led gains on continental trading floors, while bank, food and property shares lagged.Investors also eyed Wall Street futures in the green amid mixed closes overnight on Asian exchanges.Front-month North Sea Brent crude-oil futures were up 0.3% at $87.24 a barrel, in midday trades.In other news, Russian President Vladimir Putin may escalate strikes on Ukraine after concluding that peace talks have hit a dead end, Kremlin sources told Bloomberg.In economic news, French industrial producer prices rose by 4.3% year over year in July, the National Institute of Statistics and Economic Studies reported. On a monthly basis, producer prices were up 1.3%.The pan-continental Stoxx Europe 600 Index was off 0.3% mid-session.The Stoxx Europe 600 Technology Index was up 1.7%, while the Stoxx 600 Banks Index lost 1%.The Stoxx Europe 600 Oil and Gas Index gained 0.1%, while the Stoxx 600 Europe Food and Beverage Index declined 1.2%.The REITE, a European REIT index, fell 1.3%.On the national market indexes, Germany's DAX was up 0.3%, but the FTSE 100 in London lost 0.4%. The CAC 40 in Paris was down 1.1%, and Spain's IBEX 35 eased 0.5%.Yields on benchmark 10-year German bonds were steady, near 3.25%.The Euro Stoxx 50 volatility index was up 0.8% at 16.01, 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.
Danske Bank Research no longer expects the European Central Bank to reduce its key rates in 2027, reflecting a "more resilient" economic growth in the euro area than previously thought, despite higher corporate costs and consumer prices due to the ongoing conflict in Iran.The research firm still forecasts a final 25 basis-point rate hike from the ECB at its September 2026 monetary policy meeting, taking the deposit rate to 2.50%. The central bank is then projected to leave the deposit rate unchanged throughout 2027, instead of bringing it down to 2%."While stronger growth removes the need for cuts next year, contained underlying inflation limits the need for more than one additional hike. The rise in headline inflation has been confined to a narrow range of energy products, with no signs of spillovers to other goods and services, including food. Wage growth is still easing, wage expectations are unchanged, and there is no evidence of second-round effects," analysts said in a Thursday note. "This likely reflects the relatively balanced starting point of the economy before the conflict in Iran particularly regarding labour market conditions.""Over the longer term, we expect the deposit rate to fall towards 2.00%, but in 2027 the ECB is likely to keep rates somewhat higher to guard against inflation becoming de-anchored amid the temporary demand boost from AI investment and fiscal policy," the note added.
The number of unemployed individuals in France increased to 3,143,000 in July from 3,121,500 in June, according to government data published Thursday.Meanwhile, initial jobless claims rose by 21,500, against the 5,900 increase in the previous month.
The euro area's M3 money supply grew 3.4% year over year in July, following a 3.3% increase in June, the European Central Bank said Thursday.Analysts expected a 3.5% gain for the month.
The annual adjusted loans to nonfinancial corporations increased 4.4% in July, following a 4% rise a month ago, according to data from the European Central Bank published Thursday.Meanwhile, the growth rate for adjusted loans to households came in at 3.1%, against the prior 3%.
French industrial producer prices for the home market climbed 3.4% year over year in July, following a revised 2.8% increase in June, according to data from Insee published Thursday.On a monthly basis, industrial producer prices were 1.1% higher, against a revised 0.4% decline previously.
Companies in Germany are planning fewer layoffs in August as the country's labor market shows "a slight upward trend," according to ifo Institute on Thursday.The ifo Employment Barometer climbed to 94.8 points from 93 points in the previous month, with the manufacturing sector indicator reaching the highest since March 2024.Among manufacturers, companies involved in the production of data processing equipment and electronic and optical products are planning to hire more employees, alongside businesses in the food industry. On the other hand, job cuts remain to "predominate" in the wholesale and retail sectors, while workforce expansion and reduction are balanced in the service industry.
German consumer sentiment is expected to improve in September, with the indicator up to -26.6 points from the revised -29.4 points in August, Growth from Knowledge said Thursday.Analysts expected -29.5 points for the month.The latest reading reflects a "significant" rise in income expectations among consumers, with a slight drop in their willingness to save.
European bourses tracked largely sideways midday Wednesday as traders mulled media reports of a possible Oman-Iran deal to open the Strait Hormuz, and took positions ahead of the pending bellwether earnings report from semiconductor-industry colossus Nvidia (NVDA).Bank stocks led gains on continental trading floors, while oil and tech shares lagged.Investors also eyed muted Wall Street futures, but higher closes overnight on Asian exchanges.Front-month North Sea Brent crude-oil futures were down 2.6% at $85.03 a barrel in midday action.The pan-continental Stoxx Europe 600 Index was up 0.1% mid-session.The Stoxx Europe 600 Technology Index was down 0.8%, but the Stoxx 600 Banks Index gained 0.6%.The Stoxx Europe 600 Oil and Gas Index eased 1.6%, while the Stoxx 600 Europe Food and Beverage Index inclined 0.4%.The REITE, a European REIT index, fell 0.3%.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 0.2%.Yields on benchmark 10-year German bonds were higher, near 3.21%.The Euro Stoxx 50 volatility index was down 0.2% at 16.06, 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.
Export expectations among German companies "considerably" brightened in August, boosted by shipments to the European Union, the ifo Institute said Wednesday.The ifo export expectations climbed to 9.6 points from -2.8 points in the previous month, marking the highest reading since February 2022. The increase also marks the fastest since June 2020.Based on the survey, manufacturers of electrical equipment, data processing equipment and electronic and optical products remain "very optimistic" about their export prospects, mainly due to rising digitalization and artificial intelligence investments. On the flip side, companies in the paper, metal production and processing sectors forecast a decline in their exports.
European bourses tracked moderately higher midday Tuesday as traders mulled easing interest rates and oil prices, and awaited quarterly financial results on Wednesday from semiconductor bellwether Nvidia (NVDA).Tech, bank and property stocks led gains on continental trading floors, while oil shares lagged.Front-month North Sea Brent crude oil futures were down 2.6% to $88.18 a barrel at midday.Investors also eyed Wall Street futures in the green, and higher closes overnight on Asian exchanges.In economic news, Germany's business climate index rose to a seasonally adjusted 88.8 in August, up from 86.7 in July, Ifo reported. The current conditions index improved to 88.5 in August from 86.5 in July, while the expectations index rose to 89.1 in August, from 86.8 in July.The pan-continental Stoxx Europe 600 Index was up 0.5% mid-session.The Stoxx Europe 600 Technology Index was up 0.8%, and the Stoxx 600 Banks Index gained 0.4%.The Stoxx Europe 600 Oil and Gas Index was flat, while the Stoxx 600 Europe Food and Beverage Index declined 0.8%.The REITE, a European REIT index, rose 0.5%.On the national market indexes, Germany's DAX was up 0.8%, and the FTSE 100 in London gained 0.2%. The CAC 40 in Paris was up 0.4%, and Spain's IBEX 35 lifted 0.4%.Yields on benchmark 10-year German bonds were lower, near 3.22%.The Euro Stoxx 50 volatility index was down 0.8% to 16.25, 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.
Germany's business climate index edged up to 88.8 points in August from the revised 86.7 points in July, according to data from the ifo Institute published Tuesday.Analysts expected 87.2 points for the month.Meanwhile, the current situation index stood at 88.5 points, against the prior 86.5 points and the market forecast of 87 points.The expectations indicator rose to 89.1 points from the revised 86.8 points earlier and the consensus estimate of 87.5 points.
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