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TradingSterling Rises but Gloomy Economic Outlook Remains in Focus
InvestingFTSE 100 Lags European Peers as Healthcare, Energy Decline
BusinessEuro Zone Downturn Deepens, Points to Winter Recession
Top StoriesEuro Zone Downturn Deepened in Oct, Winter Recession Likely -PMI
German Industrial Orders Drop in Sept on Foreign Demand Slump
Date: November 4, 2022
BERLIN (Reuters) – German industrial orders fell more than expected in September, weighed down by a sharp fall in foreign demand, data showed on Friday. New orders fell by 4.0% on the month on a seasonally and calendar adjusted basis, the Federal Statistics Office said. While domestic orders increased by 0.5%, foreign orders decreased by...
Bmw Sees Pressure in Europe as Inflation Hits Buyers
Date: November 3, 2022
By Paul Carrel and Nick Carey BERLIN (Reuters) -BMW expects strong sales growth in the fourth quarter, but warned rising inflation and interest rates would start to weigh on European demand in particular in the coming months. The German premium automaker beat forecasts with a rise in third quarter profit, as higher car prices offset...
Russian Retail Sales Fall Deeper, Jobless Rate Rises in Sept – Data
Date: November 3, 2022
MOSCOW (Reuters) – Russian retail sales fell deeper and the jobless rate slightly increased in September, official data from the state statistics service Rosstat showed on Wednesday, after the Kremlin announced its first mobilisation since World War Two. Since September, the Kremlin has called up around 300,000 reservists for what it calls a “special military...
Energy Crisis Putting Most German Firms Under Duress -Survey
Date: November 2, 2022
BERLIN (Reuters) -The energy crisis is impacting nearly every branch of the German economy, with the number of companies that see high energy costs due to the Ukraine war as a threat to business at the highest level on record, the DIHK business survey showed on Wednesday. Some 82% of the 24,000 businesses surveyed see...
UK Manufacturing Shrinks at Fastest Rate Since mid-2020 – PMI
Date: November 1, 2022
LONDON (Reuters) – British manufacturing last month suffered its biggest contraction since the depths of the first COVID-19 lockdown in May 2020, with optimism draining fast, a survey showed on Tuesday. The final S&P Global UK Manufacturing Purchasing Managers’ Index (PMI) for October fell to 46.2 from 48.4 in September. While the October figure was...
Italy Gets GDP Boost as Govt Pledges Action Against Inflation
Date: October 31, 2022
By Gavin Jones and Giuseppe Fonte ROME (Reuters) -Italy’s economy performed unexpectedly well in the third quarter, data showed on Monday, offering a welcome boost for the country’s new government as it plans extra borrowing to help families and firms cope with surging inflation. Gross domestic product grew by 0.5% in the third quarter from...