537 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.
Operating conditions in Spain's manufacturing sector marginally deteriorated in June, as new orders fell sharply and production dropped for the first time in three months, S&P Global said Wednesday.The seasonally adjusted S&P Spain Manufacturing PMI fell to 49.7, against the previous 51.2 and the expected 51.
Germany's annual inflation rate fell to 2.3% in June from 2.6% in May, according to provisional data from the country's Federal Statistical Office published Tuesday.The latest reading is below the consensus estimate of 2.6%.On a monthly basis, consumer prices were down 0.3%, against the previous 0.2% decrease and the expected zero growth.The annual harmonized inflation rate was 2.4%, compared with the prior 2.7% and the market forecast of 2.6%. Meanwhile, harmonized consumer prices were 0.2% lower month over month, against the previous reading of a 0.1% decline and the expected 0.1% rise.
European bourses tracked higher midday Tuesday as tech issues again showed strength, and as Persian Gulf turmoil somewhat abated.Bank and oil stocks also led gains on continental trading floors, while food shares lagged.Additionally, investors eyed Wall Street futures in the green, and higher closes overnight on Asian exchanges.Expanded measures to protect the European Union's steel industry will become effective Wednesday, the European Commission announced. The duty-free import quota for 26 categories of steel products will be decreased by an average of 47%, to 18.3 million tons per year, while out-of-quota imports will be subject to a 50% tariff, advised the commission.The pan-continental Stoxx Europe 600 Index was up 1.1% mid-session.The Stoxx Europe 600 Technology Index was up 1.6%, and the Stoxx 600 Banks Index gained 1.1%.The Stoxx Europe 600 Oil and Gas Index rose 1.2%, while the Stoxx 600 Europe Food and Beverage Index declined 0.7%.The REITE, a European REIT index, rose 0.2%.On the national market indexes, Germany's DAX was up 1.5%, and the FTSE 100 in London gained 1.2%. The CAC 40 in Paris was down 0.6%, and Spain's IBEX 35 lifted 0.7%.Yields on benchmark 10-year German bonds were steady, near 2.89%.Front-month North Sea Brent crude-oil futures were down 0.2% at $73.80 a barrel.The Euro Stoxx 50 volatility index was down 1.9% at 16.90, 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 annual inflation rate edged down to 3% in June from 3.2% in May, provisional data from statistics agency Istat showed Tuesday.The consensus estimate for the month was 3.1%.On a monthly basis, consumer prices showed zero growth, compared with the market forecast of a 0.2% rise and the prior 0.4% decline.The Italian harmonized inflation rate stood at 3.1% on an annual basis, in line with expectations, against the previous reading of 3.2%. Month over month, harmonized consumer prices were 0.1% higher, against the prior 0.3% gain.
The number of German companies planning to increase their prices declined in June as expectations of peace in the Middle East drove down energy prices, the ifo Institute said Tuesday.Month over month, the ifo price expectations indicator decreased to 26.4 points from 30 points in May, even as producer and consumer prices are anticipated to keep climbing in the coming months. The indicator monitors the percentage of companies that plan to hike prices on balance.On a sector basis, price pressures notably eased in energy-intensive companies, a trend mirrored to a lesser degree by non-energy-intensive companies. Meanwhile, food retail also experienced a pullback, though pressure "remains high."
Spain's current account surplus declined to 1.88 billion euros in April from 4.16 billion euros in March, according to Bank of Spain data published Tuesday.For the four months to April, the current account surplus totaled 10.81 billion euros, against 12.35 billion euros a year earlier.
Italy's industrial producer prices edged down 0.2% month over month in May, following a 0.3% rise in April, data from statistics agency Istat showed Tuesday.On a yearly basis, the index was up 7.3%, compared with the 6.8% increase earlier.
Germany's seasonally adjusted unemployment rate was unchanged at 6.3% in June, according to government data published Tuesday.Analysts expected the jobless rate to remain stable during the month.Meanwhile, the number of unemployed individuals in Germany fell by 1,000 in June, against the 12,000 drop earlier and the expected jump of 7,000.
French industrial producer prices for the home market rose 3% year over year in May, following a revised 2.3% growth in April, according to data from Insee published Tuesday.On a monthly basis, industrial producer prices were 0.3% lower, against a revised 2% decrease earlier.
France's annual inflation eased to 1.8% in June, from 2.4% in May, provisional data from statistics agency Insee showed Tuesday.The consensus estimate for the period was 2.1%.On a monthly basis, consumer prices were 0.2% lower, against the prior 0.1% uptick and the expected flat reading.The flash annual harmonized inflation rate came in at 2%, against the previous month's 2.8% and the market forecast of 2.4%. Month over month, harmonized consumer prices edged down 0.3%, against the previous 0.1% rise and the expectation of no change.
France's monthly household consumption increased 0.5% in May, following a 0.5% dip in the prior month, according to data from statistics agency Insee published Tuesday.Analysts expected a 0.2% gain for the month.
Germany's unemployment rate was 3.7% in May, down from 3.8% in the previous year, the country's Federal Statistical Office said Tuesday.As of May, over 1.6 million individuals were jobless in Germany.Adjusted for seasonal and irregular effects, the unemployment rate was unchanged month over month at 3.8%.
Germany's retail sales edged up 1.1% month over month in real terms in May, following the revised 0.4% decline in April, according to data from the Federal Statistical Office published Tuesday.Analysts expected no change in sales for the month.On a yearly basis, Germany's retail sales were 1.8% higher, compared with the revised 0.6% fall earlier and the expected flat reading.
Germany's import prices gained 6.8% year over year in May, after a 5.3% increase in the previous month, the country's Federal Statistical Office said Tuesday.The latest print marks the sharpest year-on-year growth since December 2022.On a monthly basis, German import prices were 0.7% higher, against the expected 0.4% gain.
European bourses tracked evenly midday Monday as traders looked for values after last week's tech rout, and largely shrugged off fresh turmoil in the Persian Gulf.Oil stocks also led gains on continental trading floors, while property shares lagged.Front-month North Sea Brent crude-oil futures were up 0.7% at $73.13 a barrel midday.Additionally, investors eyed Wall Street futures flashing green, and higher closes overnight on Asian exchanges.In economic news, the consumer confidence index in the euro area in June rose to negative 17.7 from negative 19 in month prior, and to negative 17 from negative 18.2 in the broader European Union, reported the European Commission.The pan-continental Stoxx Europe 600 Index was steady mid-session.The Stoxx Europe 600 Technology Index was up 1.5%, and the Stoxx 600 Banks Index gained 0.1%.The Stoxx Europe 600 Oil and Gas Index rose 0.7%, while the Stoxx 600 Europe Food and Beverage Index inclined 0.1%.The REITE, a European REIT index, lost 0.5%.On the national market indexes, Germany's DAX was up 0.1%, and the FTSE 100 in London lost 0.3%. The CAC 40 in Paris was down 0.3%, and Spain's IBEX 35 eased 0.4%.Yields on benchmark 10-year German bonds were higher, near 2.86%.The Euro Stoxx 50 volatility index was down 1% at 17.66, 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.
Economic sentiment in the euro area increased in June, with the indicator rising to 95 points from the revised 93.7 points a month ago, according to European Commission data published Monday.The latest reading is above the consensus estimate of 94.3 points.Meanwhile, the consumer confidence index was at -17.7 points, in line with flash estimate, against the previous -19 points.
The euro area's M3 money supply rose 3.2% year over year in May, following a 2.7% increase in April, the European Central Bank said Monday.Analysts expected a 2.7% growth for the month.
The annual adjusted loans to nonfinancial corporations increased 4% in May, following a 3.4% rise a month ago, according to data from the European Central Bank published Monday.Meanwhile, the growth rate for adjusted loans to households came in at 3.1%, against the prior 3% and expected 2.9%.
Spain's annual inflation held steady at 3.2% in June for a third consecutive month, according to provisional data from the National Statistics Institute published Monday.The reading is in line with the consensus estimate.On a monthly basis, consumer prices in Spain were up 0.6%, against the previous 0.1% uptick.The Spanish annual harmonized inflation rate remained unchanged at 3.6%. Month over month, harmonized consumer prices grew 0.6%, compared with the 0.1% gain earlier.Meanwhile, the country's annual core inflation rate edged down to 2.9% from 3%.
Spain's seasonally and calendar-adjusted retail sales rose 0.6% month over month in May, compared with the 1.5% drop in the previous month, the National Statistics Institute said Monday.On a yearly basis, retail sales were 1.3% higher, compared with the revised 0.6% growth earlier.
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