european-economies
Top StoriesRobust Earnings Support European Shares; Eyes on BoE Rate Decision
Top StoriesItaly’s Right-Wing Frontrunners See Room to Revamp National Recovery Plan
Top StoriesEuro Zone Factory Activity Contracted in July as Recession Fears Grow
InvestingEuropean Shares Climb, Set for Best Month Since Nov 2020 on Earnings Cheer
France’s Preliminary Q2 GDP Rose 0.5%, Beating Forecasts
Date: July 29, 2022
PARIS (Reuters) -France’s preliminary gross domestic product (GDP) grew by 0.5% during the second quarter, beating forecasts and offering an element of respite for the euro zone’s second-biggest economy, which is facing headwinds from rising inflation. The preliminary second quarter GDP figures, released by France’s INSEE statistics body, beat forecasts in a Reuters poll which...
Analysis-EU Gas Solidarity Complicated by Lack of Fuel Sharing Deals
Date: July 29, 2022
By Kate Abnett BRUSSELS (Reuters) -The European Union clinched a deal this week to cope with a gas supply crisis, but to make it work member states need to establish bilateral pacts to share gas and, right now, most have no such agreement in place. Only six such deals have been secured, leaving most of...
BlackRock’s Li Says Market Too Optimistic on European Earnings
Date: July 28, 2022
By Lucy Raitano LONDON (Reuters) – Financial markets are too optimistic on the outlook for European earnings, given growing recession risks exacerbated by an energy crisis, BlackRock Investment Institute’s global chief investment strategist said on Thursday. European equities are trading around a seven-week high at the height of earnings season, but the outlook is darkening...
Factbox: Europe’s Summer Travel Chaos
Date: July 27, 2022
(Reuters) – Strikes and staff shortages are forcing airlines to cancel thousands of flights and causing hours-long queues at major airports, dashing hopes for a sizzling first summer following widespread COVID-linked lockdowns. Here is a summary of some of the key developments: LABOUR UNREST After sweeping job cuts and pay cuts when COVID-19 brought travel...
Europe Agrees Emergency Gas Curbs, Kyiv Says Russia Supply Curbs Are ‘price Terror’
Date: July 26, 2022
By Kate Abnett BRUSSELS (Reuters) -European Union countries bracing for further cuts in Russian gas supply on Tuesday approved a weakened emergency plan to curb demand, after striking compromise deals to limit reductions for some countries. Europe faces a tighter gas squeeze from Wednesday, when Russia’s Gazprom has said it would cut flows through the...
Europe’s Long and Chequered History of Rationing
Date: July 26, 2022
(Reuters) – A pact clinched by European Union countries on Tuesday to voluntarily curb demand for gas as they brace for further cuts in Russian supplies has once again raised the prospect of outright rationing across the continent. Through war, siege and social strife, Europe has a long and often painful history of rationing everything...