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BusinessPessimism Prevails Among German Firms for 2025, Survey Shows
InvestingMorning Bid: Chinese Consumers Shut up Shop
TradingLaggard European Markets May Be 2025’s Top Recovery Trade
BusinessUK Factories Take Fright as Budget Adds to Cost Pressures, Survey Shows
Euro Zone Productivity Growth Remains Weak in Q3, Data Shows
Date: December 6, 2024
FRANKFURT (Reuters) – Euro zone productivity growth remained weak in the third quarter despite a modest expansion in the bloc’s economy, continuing a poor run that has lasted years, data from Eurostat showed on Friday. Per capita productivity was unchanged compared to the same quarter a year earlier while it expanded by 0.5% based on...
German Industrial Output Unexpectedly Falls in October
Date: December 6, 2024
By Miranda Murray BERLIN (Reuters) -German industrial production unexpectedly fell in October, owing mainly to declines in energy production and in the automotive industry, the federal statistics office said on Friday. Production was down by 1.0% in October from the previous month, the office said. Analysts polled by Reuters had predicted a 1.2% rise after...
Morning Bid: Risk-Wary Markets Count Down to Payrolls
Date: December 6, 2024
A look at the day ahead in European and global markets from Stella Qiu Risk sentiment took a hit in Asia on Friday from renewed political rumblings in South Korea, rattling investors’ nerves as they awaited a crucial U.S. nonfarm payrolls report that could alter the odds of a Federal Reserve rate cut this month....
UK’s Starmer Says He Has Not Watered Down Economic Growth Pledges
Date: December 5, 2024
LONDON (Reuters) – British Prime Minister Keir Starmer said on Thursday that he had not watered down the his ambition for Britain to become the fastest growing economy in the Group of Seven, as he set out ways to measure the government’s progress. The government will now “aim” for the fastest economic growth per capita...
Greek Economic Growth to Exceed 2% Annually in Next Two Years, Says OECD
Date: December 5, 2024
ATHENS (Reuters) – Greece’s economy will grow by more than 2% annually in the next two years, helped by continuing flows of European funds, but it needs to do more to attract investment, the Organisation for Economic Cooperation and Development (OECD) said on Thursday. Greece almost went bankrupt in the past decade after revealing a...
French Debt Risk Premium Drops as Government Falls, Macron Next Move in Focus
Date: December 5, 2024
By Stefano Rebaudo (Reuters) – The risk premium investors demand to hold French debt rather than German Bunds dropped on Thursday after the widely expected collapse of the French government. Far-right and left-wing lawmakers joined forces early this week to back a no-confidence motion against Prime Minister Michel Barnier. Analysts fear France would enter a...