European markets open for closing, stock movements, news and data

European markets open for closing, stock movements, news and data

German October wholesale sales inflation fell well short of expectations Germany’s producer price index came in at -4.2% month over month in October, the Federal Statistics Office reported Monday, well below Reuters’ forecast for a 0.9% increase. On a yearly basis, wholesale prices rose 34.5%, below expectations of 41.5%. – Elliott Smith Stocks on the … Read more

European markets warned as investors assess Fed outlook

European markets warned as investors assess Fed outlook

Stocks on the go: Informa up 6%, Roche down 4% shares information It jumped more than 6% in early trading to lead the Stoxx 600 after the British publisher updated its guidance for 2022. At the bottom of the Stoxx 600, rush It fell 4.7% after the Swiss drugmaker’s candidate Alzheimer’s drug failed in two … Read more

European markets warned as investors assess Fed outlook

European markets warned as investors assess Fed outlook

Stocks on the go: Informa up 6%, Roche down 4% shares information It jumped more than 6% in early trading to lead the Stoxx 600 after the British publisher updated its guidance for 2022. At the bottom of the Stoxx 600, rush It fell 4.7% after the Swiss drugmaker’s candidate Alzheimer’s drug failed in two … Read more

UK on the brink of recession after the economy shrank 0.2% in the third quarter

UK on the brink of recession after the economy shrank 0.2% in the third quarter

The Bank of England has warned that the UK is facing the longest recession since records began a century ago. Howe Fairclough | Getty Images News | Getty Images LONDON – The UK economy shrank 0.2% in the third quarter of 2022, marking what could be the start of a long recession. Initial estimates are … Read more

BP posts $8.2 billion quarterly profit as oil majors post another bumper round of profits

BP posts $8.2 billion quarterly profit as oil majors post another bumper round of profits

BP’s shares are up more than 45% since the start of the year. soba pictures | Light Rocket | Getty Images Oil and gas giant BP On Tuesday, it reported stronger-than-expected third-quarter earnings, buoyed by higher commodity prices and strong gas marketing and trading. The major British energy company reported an underlying replacement cost profit, … Read more

Eurozone inflation reached 10.7% in October

Eurozone inflation reached 10.7% in October

Inflation in the euro area is still very high. Protesters in Italy used empty shopping carts to demonstrate the cost of living crisis. Stefano Montesi – Corbis | Corbis News | Getty Images Eurozone inflation rose above 10% in October, highlighting the severity of the cost-of-living crisis in the region and adding further pressure on … Read more