Renewed Hormuz hostilities drive ECB rates rethin amid ‘extremely volatile' outlook
The ECB hiked its key deposit rate by 25 basis points in June as energy prices spiked. Investors had written off a hike at next week's meeting, but higher oil prices have brought monetary policy back into question.
EU drafts 'electrification' plan to curb oil and gas use, after Iran war disruption
The European Union plans to introduce a raft of policies and funding schemes to shift more of its economy to run on electricity, instead of oil and gas, a draft European Commission proposal seen by Reuters showed.
Trump Says Truce With Iran Is ‘Over' And Blasts European Allies At NATO Summit
Threats of a resumed conflict and potential disruption in the Strait of Hormuz triggered a surge in global crude oil prices, with the benchmark Brent Crude Futures index surging above $79 a barrel, up from around $72 at the start of this week.
ECB tells banks to draw up plans against AI attacks amid disruption fears
The European Central Bank on Tuesday gave euro zone banks four months to draw up plans to counter AI-enabled cyber threats that could undermine confidence in the financial system and disrupt payments.
S&P 500 Concentration Risk: What to Know Now
The S&P 500's top 10 stocks now make up ~40% of the index. VEFA seeks to provide developed international exposure with an analyst sentiment tilt, which may help reduce concentration risk.
European markets close higher as STOXX 600 hits record, FTSE posts weekly gains
Europe's major stock markets ended higher on Friday, with the pan-European STOXX 600 and Germany's DAX reaching fresh record highs as investors welcomed easing expectations for near-term US interest rate hikes and rotated into cyclical sectors. The STOXX 600 climbed 0.7% to close at a record high after touching an intraday peak of 652.35, registering its strongest weekly gain since mid-May.
Stoxx 600 hits record high: BofA raises year-end target to 630
Europe's benchmark STOXX 600 index climbed to a record high of 653.19 on Friday before easing to trade around 652.66, putting it on track for its biggest weekly gain in more than a month. European equities are drawing a more constructive read from Wall Street, with several major brokerages revising their targets upward in recent weeks.
STOXX 600 opens flat as investors weigh US-Iran talks and ECB outlook
European shares were muted at the open on Wednesday as investors assessed developments in US-Iran negotiations, monitored the outlook for central bank policy, and reacted to sector-specific moves across the region. The pan-European STOXX 600 edged 0.02% lower to 634.50 points by 0715 GMT.
Europe swelters under heatwave, prompting crisis talks in France
A punishing heatwave sweeping across much of Europe prompted emergency meetings in France, nationwide warnings in Germany and strains on tourists and residents in Italy, as temperatures climbed towards record levels.
European leaders are grappling with how to stem a flood of Chinese exports hammering their industries—and whether they are ready for a trade war with Beijing over the problem
European Union leaders are struggling for consensus on how much to restrict imports that are battering their industries.
EU antitrust chief urges EU countries to back cross-border bank deals
Europe's antitrust chief Teresa Ribera on Wednesday urged EU countries to back cross-border bank mergers to help complete the single market, a day after Germany rejected Italian bank UniCredit's offer for German rival Commerzbank.
Eurozone Industrial Production Picked Up Again in April
Industrial output rose again as factories rushed to meet orders placed by customers anxious to avoid price hikes and shortages stemming from the Middle East conflict.
