Tag: European

Sprightly European Stocks Greet New Year by Hitting Record High

LONDON—World stock markets got 2022 off to a confident start on Monday after their third consecutive year of double-digit gains, while the dollar, oil prices, and benchmark government bond yields all made early moves higher. London’s traders were enjoying their final day of festive rest, but mainland Europe saw a lively start, with the STOXX…


European Shares Mixed, Asia Slips on Omicron Worries

TOKYO—European benchmarks opened mixed, with London’s FTSE 100 at nearly a two-year high, after Asian shares mostly finished lower Wednesday. France’s CAC 40 edged up 0.1 percent in early trading to 7,190.22, while Germany’s DAX slipped 0.2 percent to 15,935.45. Britain’s FTSE 100 rose 1.1 percent to 7,449.16—its highest level since February 2020, amid optimism…


European Shares Hit Two-Week High as Omicron Fears Ebb

European shares hit a two-week high on Thursday as investor sentiment improved on signs the impact of the Omicron coronavirus variant may not be as severe as feared. The pan-European STOXX 600 gained 0.4 percent, boosted by travel stocks, tracking a global share rally that was also helped by robust U.S. economic data. The risk…


Omicron Worries Spur 2 Percent Slide in European Stocks

European stocks fell more than 2 percent on Monday amid a global sell-off in equities, with investors fretting over the spectre of tighter pandemic curbs hitting the global economy as cases of the Omicron COVID-19 variant surge. The pan-European STOXX 600 was down 2.2 percent, falling to its lowest in more than two weeks. Travel,…


European Stocks Seen Reaching New Records in 2022: Poll

LONDON/MILAN—Uncertainty about the COVID-19 pandemic has not dented prospects for European stocks to hit record highs in 2022, boosted by a recovery in corporate profits, according to a Reuters poll of 23 fund managers, strategists, and brokers. The poll, conducted over the past two weeks, predicted Germany’s DAX and France’s CAC 40 blue chip indexes…


Morikawa Wins in Dubai, First American to Be No 1 in Europe

British Open champion, Ryder Cup winner, and now the first American to finish a season as the European Tour’s No. 1 player. It’s been quite the year for Collin Morikawa. The 24-year-old Californian demonstrated patience after a slow start and then world-class iron play down the stretch in making five birdies in his last seven…


Oil Drops Below $80 on European COVID-19 Concerns

LONDON—Oil prices dropped below $79 a barrel on Friday as a fresh surge in COVID-19 cases in Europe threatened to slow the economic recovery while investors also weighed a potential release of crude reserves by major economies to cool energy prices. Brent crude was down $2.44, or 3 percent, at $78.80 a barrel by 1110…


European Shares Hit New Highs, Firm Dollar Dents Oil

LONDON—European shares chalked up new highs on Friday as shock from unexpectedly strong U.S. inflation data earlier in the week eased, though investors kept a wary eye on rising yields as the dollar hit a 16-month high. The STOXX index of 600 companies was up 0.09 percent, enough to eke out a new record high…


European Consumer Prices Hit Highest Level in Over 13 Years

LONDON—Consumer prices across the 19 European Union countries that use the euro currency have spiked to the highest level in over 13 years on the back of soaring energy prices and pent-up demand during the pandemic recovery, official figures showed Friday. Eurostat, the European Union’s statistics agency, said inflation across the bloc rose to 4.1…


US Drops Tariff Threat in Digital Tax Transition Deal With European Countries

PARIS/WASHINGTON—The United States on Thursday withdrew its threat of tariffs against five European countries over their digital services taxes as part of a deal to manage the transition to a new global tax regime for large highly profitable corporations. Austria, Britain, France, Italy, Spain will get to keep their digital taxes in place until a…