European shares at seven-week peak as travel stocks shine

European shares at seven-week peak as travel stocks shine

Flutter, Ryanair lead travel stocks higher Travel & leisure index hits near 3-month highs China-exposed luxury companies decline Nov 7 (Reuters) – European shares closed on Monday at a more than seven-week high as a jump in travel and technology stocks helped outweigh a drag from China-exposed luxury giants. The benchmark STOXX 600 index (.STOXX) … Read more

Biden predicts midterms will shift back toward Democrats

Biden predicts midterms will shift back toward Democrats

WASHINGTON, Oct 21 (Reuters) – President Joe Biden expressed confidence on Friday that momentum would shift back in favor of Democrats for the November midterm elections, despite polls favoring Republicans in races that will determine which party controls the US Congress. Fresh from a trip to Pennsylvania on Thursday to boost John Fetterman, the state’s … Read more

AmEx forecasts stronger earnings even as it builds bigger provisions

AmEx forecasts stronger earnings even as it builds bigger provisions

Oct 21 (Reuters) – American Express Co (AXP.N) on Friday forecasts its full-year profit to be higher than initially expected, but built bigger provisions to prepare for potential defaults as an economic downturn looms, sending its shares down 4% before the bell. Despite aggressive rate hikes by the US Federal Reserve to curb soaring inflation … Read more

European shares rally as investors cheer UK policy reversal

European shares rally as investors cheer UK policy reversal

Focus on fiscal plans from new UK finance minister Credit Suisse to pay $495 mln to settle a case Norway’s Nel rises on order from Woodside Energy Oct 17 (Reuters) – Europe’ STOXX 600 index climbed on Monday, buoyed by banks and real estate companies as investors cheered the reversal of Britain’s fiscal plan that … Read more

Spain’s draft 2023 budget bolsters social and defense spending

Spain's draft 2023 budget bolsters social and defense spending

MADRID, Oct 4 (Reuters) – Spain’s cabinet on Tuesday settled on a 2023 draft budget after tough negotiations within the leftist coalition that concluded with increases in social and also military spending, and the extension of free rail travel passes. Ahead of regional and national elections set for 2023, the junior coalition partner, far-left Unidas … Read more

Greek economic rebound to slow next year as energy costs curb growth- draft budget

Greek economic rebound to slow next year as energy costs curb growth- draft budget

ATHENS, Oct 3 (Reuters) – Greece’s economy is projected to grow at a slower pace next year after a strong rebound this year thanks to tourism, as soaring energy costs and inflation are expected to curb domestic demand and exports. The country’s economic output is seen increasing by 2.1% next year from 5.3% this year, … Read more

Europe’s STOXX 600 climbs 1% after three-day selloff; Nexi shines

Europe's STOXX 600 climbs 1% after three-day selloff;  Nexi shines

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 26, 2022. REUTERS/Staff Register now for FREE unlimited access to Reuters.com Register Nexi jumps after 2025 target plan exceeds consensus Deutsche Bank cuts Hugo Boss on “fading tailwinds” Sept 27 (Reuters) – Europe’s STOXX 600 index rose on … Read more

Forecast for Powell’s mountain resort trip: High inflation, limited visibility

Forecast for Powell's mountain resort trip: High inflation, limited visibility

Aug 22 (Reuters) – For workers hoping to hold onto wage gains and investors hoping to hang onto profits, Federal Reserve Chair Jerome Powell’s remarks this week to a central banking conference in Wyoming will lay out what he expects to happen in an economy battling inflation while also, some fear, edging towards a recession. … Read more

US carriers’ cost struggle overshadows travel demand surge

US carriers' cost struggle overshadows travel demand surge

CHICAGO, July 21 (Reuters) – US carriers are struggling to offset higher costs even as booming travel demand has given them strong pricing power, raising questions about their ability to shield profit once consumer demand softens. Those worries are battering airline shares, taking the focus away from what is shaping up to be the industry’s … Read more

UK’s FTSE 100 edges up as consumer staples offset commodity slump

UK's FTSE 100 edges up as consumer staples offset commodity slump

Pedestrians leave and enter the London Stock Exchange in London, Britain August 15, 2017. REUTERS/Neil Hall Register now for FREE unlimited access to Reuters.com Register Real estate stocks under pressure after brokerage downgrades Airline stocks jump on lower oil prices Plus500 earnings after upbeat results FTSE 100 rise 0.2%, FTSE 250 up 0.1% July 12 … Read more