Category Archives: Europe

European Banks Get Profit Upgrades After Undershooting Six Years

European banks, still recovering from the region’s sovereign-debt crisis and years of anemic economic growth, are beginning to generate optimism. The industry is enjoying positive earnings revisions after six years of downgrades as analysts start to price in better prospects

From north to south, euro zone economy steams into 2017

By Jeremy Gaunt | LONDON The euro zone economy has kicked off the year robustly, data from the Baltic to the Mediterranean showed on Monday, evidence for the European Central Bank that its massive cash stimulus is working but also

U.S. consumer spending, housing data bolster economic outlook

By Lucia Mutikani | WASHINGTON U.S. consumer spending accelerated in December as households bought motor vehicles and cold weather boosted demand for utilities amid a rise in wages, pointing to sustained domestic demand that could spur economic growth in early

Europe shares close higher; hits 1-year high after Dow breaks 20,000; Actelion surges up 19%

European stocks closed higher on Thursday extending the bullish sentiment that took the Dow Jones industrial average to an all-time high. Actelion shares surge Symbol Name Price Change %Change Volume FTSE FTSE 7160.17 -1.32 -0.02% 360594796 DAX DAX 11825.56 -23.07

U.K. Brexit Boom Still Sees Economy Plagued by Old Problems

The U.K. economy is maintaining its stellar performance since the Brexit vote, but the reasons may be cause for concern. Growth beat expectations again in the fourth quarter, coming in at 0.6 percent, but the make-up of the performance hints

European markets close higher on earnings; Logitech up 15%; Deutsche Bank rises 5%

European markets closed higher on Wednesday as investors took cues from overseas markets and digested fresh earnings reports. Banks drive stocks higher Symbol Name Price Change %Change Volume FTSE FTSE 7178.31 13.88 0.19% 366459374 DAX DAX 11865.44 59.39 0.50% 38272228

European markets close higher; BT shares plunge 20%

European markets closed higher on Tuesday as investors digested fresh economic data and earnings reports. Symbol Name Price Change %Change Volume FTSE FTSE 7150.34 -0.84 -0.01% 6030000 DAX DAX 11594.94 — UNCH 0% 0 CAC CAC 4830.03 — UNCH 0%

U.K. Economy’s Brexit Success Still Has Companies Fretting

The U.K. economy may have cleared its 2016 Brexit test, but that’s not easing companies’ concern about the approaching challenges. Days before figures are predicted to show a healthy 0.5 percent expansion in the last quarter of 2016, businesses from airline

Parliament must vote before UK can trigger Brexit, top court rules

By Michael Holden and Estelle Shirbon | LONDON Prime Minister Theresa May must give parliament a vote before she can formally start Britain’s exit from the European Union, the UK Supreme Court ruled on Tuesday, giving lawmakers who oppose her

Dollar unsettled, stocks subdued by Trump’s protectionism

By Wayne Cole | SYDNEY The dollar struggled in Asia on Tuesday as U.S. President Donald Trump’s focus on protectionism ahead of fiscal stimulus fueled suspicions his administration might be content to gain a competitive advantage through a weaker currency.