First published at 14:06 GMT; updated with the session's closing edition at 17:38 GMT. Madrid's IBEX 35 jumped 3.00% to lead all nine European indices we track higher on Wednesday, the day after Democrats won…
Europe's four-session rise ended on Friday: the Stoxx Europe 600 fell 0.41% as technology followed Wall Street's earnings night lower, while Eurostat's…
BNP Paribas lifted third-quarter net income 13.5% to €3.46 billion on Wednesday, and UBS, Santander, Deutsche Bank and Standard Chartered also reported…
Kuwait and France signed agreements on Monday covering direct investment, civil aviation, data and artificial intelligence, academic cooperation, cancer care and space…
France recorded 119,307 business births in September on seasonally and working-day adjusted figures, the highest monthly total since INSEE began measuring them…
First published at 14:06 GMT; updated with the session’s closing edition at 17:38 GMT. Madrid’s IBEX 35 jumped 3.00% to lead all nine European indices we track higher on Wednesday, the day after Democrats won control of the US Congress. The Guardian reported that European shares powered ahead as markets reacted to the Democrats’ victory,…
TotalEnergies has signed a Heads of Agreement to supply Jiangsu Guoxin Group, a provincial state-owned energy company in China, with 900,000 tonnes of LNG a year for 15 years. For TotalEnergies’ shareholders and for China’s gas market, the buyer counts for more than the size. The volume equals 2% of the company’s global LNG portfolio…
Fitch Ratings revised BNP Paribas’ outlook to Negative from Stable on Tuesday and affirmed its AA- rating, carrying its 30 October move on France through to the bank’s operating environment. For the bank’s creditors the ratings hold today, but their direction now hangs on France: a sovereign downgrade to A would likely take BNP Paribas…
Every European benchmark we track closed lower on Tuesday, London’s 1.14% fall the steepest, as the technology selloff crossed from Asia. In The Edge’s reading, this was risk coming off rather than conviction selling: losses were shallowest where the AI trade weighs least, with Milan barely moved, and deepest in London, where crude above $100…
Madrid led a mostly higher European close on Monday, the IBEX 35 up 1.63% after three sessions of declines, while crude’s slide sank energy shares 2.26%. In The Edge’s reading the oil move sorted Europe’s session: consumer and rate-sensitive names rose while the energy sector fell hardest of the tracked set, and basic resources led…
Fitch Ratings revised France’s outlook to Negative from Stable on 30 October and affirmed its A+ rating, citing weaker growth, higher borrowing costs and a wider deficit. For holders of French government bonds, the agency has now named a failure to improve the debt trajectory materially as a trigger for a downgrade. In The Edge’s…
Europe’s four-session rise ended on Friday: the Stoxx Europe 600 fell 0.41% as technology followed Wall Street’s earnings night lower, while Eurostat’s flash showed growth slowing to 0.4%. In The Edge’s reading, the session repriced the global AI spending doubt rather than the euro area’s own data: the technology and bank sectors fell while health…
The euro area economy grew 0.4% in the third quarter, slower than the 0.6% of the second, as Spain led the four largest members and French output slipped. For businesses and policymakers in the currency bloc, the headline beat expectations while the largest economies lost speed: the quarterly rate was 0.2 points above the 0.2%…
Europe rallied on Thursday after the European Central Bank held its rate and Christine Lagarde set her exit date, with Frankfurt’s 1.31% rise the day’s best and only Madrid lower. The pause followed increases at two of the bank’s previous three meetings, and in The Edge’s reading the one falling sector tells the story: the…
Two European oil majors reported third-quarter results on 29 October: Shell’s adjusted earnings almost doubled from a year earlier to $10.8 billion, and TotalEnergies posted $9.1 billion of adjusted net income. For shareholders of the two oil majors, refining was the quarter’s common thread in The Edge’s reading, doing more than crude to lift both…