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Top StoriesSpain’s Unemployment Rate Inches up to 12.87% in Q4 2022
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Top StoriesGlobal Economy Seen Facing a Challenging Year -Eurochambres
BusinessEuro Zone January Business Activity Returns to Growth -PMI
Pressures Ease Though German Economy Still Shy of Growth -Flash PMI
Date: January 24, 2023
BERLIN (Reuters) – Pressure on the German economy eased further in January as inflation slowed and businesses looked to the new year with optimism, a preliminary survey showed on Tuesday, although sentiment was still shy of predicting a return to growth. S&P Global’s flash composite Purchasing Managers’ Index (PMI), which tracks both the manufacturing and...
Pickup in French Manufacturing Offers Hope as Services Sector Still Weak -Flash PMI
Date: January 24, 2023
PARIS (Reuters) – Output in the French economy fell slightly overall again in January, a purchasing managers’ survey showed on Tuesday, but manufacturing activity improved for the first time since August. A decline in activity in the country’s dominant services sector continued to drag down the overall picture, according to S&P Global’s flash composite purchasing...
After a Long, Cold Year, Investors Are Flocking Back to Europe
Date: January 24, 2023
By Alun John and Danilo Masoni MILAN/LONDON (Reuters) – A European recession looked like a no-brainer just a few weeks ago, but that picture has changed dramatically, and investors have started pouring money into the region’s stocks, currency and bonds. Warmer temperatures and well-filled gas storage facilities mean there’s less concern about power shortages and...
Sterling Clings to Recent Gains
Date: January 19, 2023
By Alun John LONDON (Reuters) – Sterling on Thursday held onto the bulk of its gains against the dollar from the previous day as inflation data suggested the Bank of England may have to raise rates more aggressively, though it slipped a little against a stronger euro. The pound was last down 0.11% against the...
Turnover in Germany’s Restaurants, Hotels Rose Markedly in 2022
Date: January 19, 2023
BERLIN (Reuters) – Turnover in accommodation and food services in Germany rose strongly in 2022 compared with 2021 despite high inflation, the federal statistics office said on Thursday. Turnover in restaurants and hotels increased by 47% year-on-year in 2022 in real terms, as the sector benefited from the easing of pandemic restrictions, the office said....
FTSE 100 Snaps Four-Day Winning Streak as Britain’s Ocado Slumps
Date: January 18, 2023
By Johann M Cherian and Shashwat Chauhan (Reuters) -UK’s blue-chip index closed lower on Tuesday, ending a four-day winning streak after weak economic data from China raised concerns about global growth, while shares of Ocado Group slumped after disappointing results. The FTSE 100 dipped 0.1% to 7,851.0, hovering below its record high of 7,903.5 hit...