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Top StoriesInvestors Hold Their Breath for Inflation Data
Top StoriesItaly April Jobless Rate Falls to 6.9%, Lowest Since 2008
Top StoriesGerman Inflation Higher Than Expected Ahead of ECB Rates Decision
Top StoriesGerman Consumer Sentiment Recovers Further Heading Into June
Italy’s Large Deficit, Debt Could Erode Investor Confidence, IMF Warns
Date: May 20, 2024
Italy’s large deficit, debt could erode investor confidence, IMF warns By Giuseppe Fonte ROME (Reuters) – Italy’s huge budget deficit and debt along with delays in spending post-COVID EU funds could erode investor confidence, the International Monetary Fund warned on Monday. In its annual Article IV report on the Italian economy, the IMF urged the...
Fears of German ‘de-Industrialisation’ May Be Overblown – for Now
Date: May 16, 2024
Fears of German ‘de-industrialisation’ may be overblown – for now By Maria Martinez BERLIN (Reuters) – High energy costs, weak global demand, a disruptive shift towards net-zero economies, and growing competition from China are raising existential questions for Germany’s economic model. CEOs and business lobbies say its historically strong industrial base is close to cracking,...
Italy Cuts Eni Stake, Raises 1.4 Billion Euros
Date: May 16, 2024
Italy cuts Eni stake, raises 1.4 billion euros By Giuseppe Fonte and Francesca Landini ROME (Reuters) -Italy’s Treasury sold a 2.8% stake in energy group Eni on Wednesday, pocketing around 1.4 billion euros ($1.52 billion) in its drive to raise cash to bolster the country’s creaking public finances. Rome carried out the transaction through an...
Factbox-How Hosting Euro 2024 Could Impact the German Economy
Date: May 14, 2024
Factbox-How hosting Euro 2024 could impact the German economy By Rene Wagner BERLIN (Reuters) – Germany will be hoping for sporting success as host of the 2024 Euros soccer championship kicking off in a month’s time, but it will also be looking for a consumption boost from all the fans guzzling beer and staying in...
Curbs on Costly Home Incentives Cause Split in Italy’s Coalition
Date: May 14, 2024
Curbs on costly home incentives cause split in Italy’s coalition By Giuseppe Fonte and Angelo Amante ROME (Reuters) – Italy’s ruling coalition was divided on Tuesday over the approval of new curbs on costly incentives for home renovations, with the moderate Forza Italia party refusing to back the Treasury plan, saying it would harm banks...
European Shares Listless as Investors Brace for Inflation Test
Date: May 13, 2024
European shares listless as investors brace for inflation test By Ankika Biswas (Reuters) -Europe’s STOXX 600 struggled for direction on Monday, as investors geared up for this week’s key U.S. inflation prints and a slew of economic data from the euro zone that could test the benchmark index’s record-breaking run. The pan-European STOXX 600 was...