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Top StoriesFrench Economy Stalls in First Quarter, Inflation Hits New Record
FinanceAnalysis-Banks Lag Bond Yield Surge as Recession Worries Trump Cheap Valuations
Top StoriesStrong Earnings Spur Rally Across European Stocks
Top StoriesEconomic Growth Risks Jolt Inflation-Obsessed Markets
Us, European Shares Rise as Earnings Mixed; Euro Dives to Lowest Since 2017
Date: April 27, 2022
By Chris Prentice and Tommy Wilkes WASHINGTON/LONDON (Reuters) – Major U.S. and European equity indexes rose in choppy trade on Wednesday, and the euro dropped to its weakest since 2017 after Russia halted gas supplies to Bulgaria and Poland and investors worried more about the region’s economy. Wall Street rose, rebounding the day after a...
Economic Growth Risks Jolt Inflation-Obsessed Markets
Date: April 27, 2022
(Refiles to fix date to April 27 not April 26) By Sujata Rao and Dhara Ranasinghe LONDON (Reuters) – After months focusing on central banks’ response to raging inflation, financial markets are being jolted into the realisation that a global economic downturn may now loom. Sentiment dampeners include the Ukraine war, huge rises in energy...
Exclusive-Germany to Hike 2022 Inflation Forecast to 6.1% – Document
Date: April 25, 2022
BERLIN (Reuters) -The German government is set to hike its inflation forecast for this year to 6.1% due to the impact of the war in Ukraine, up from 3.3% it had forecast in January, according to government document seen by Reuters on Monday. Berlin, which is due to present its spring economic forecasts on Wednesday,...
Surprise Rise in German Business Morale in April Despite Ukraine War
Date: April 25, 2022
BERLIN (Reuters) – German business morale unexpectedly rose slightly in April as companies were less pessimistic after the economy appeared resilient following the initial shock of the war in Ukraine, a survey showed on Monday. The Ifo institute said its business climate index rose slightly to 91.8 in April from 90.8 in March. A Reuters...
China Slowdown Concerns Dim Ray-Ban Maker EssilorLuxottica’s First Quarter
Date: April 22, 2022
By Juliette Portala (Reuters) -EssilorLuxottica’s shares slipped on Friday as a downturn in its China business overshadowed the French-Italian eyewear company’s overall better-than-expected first-quarter sales. The group, which makes sunglasses and spectacle frames for Prada and Versace, reported “deteriorating” sales in mainland China as coronavirus cases surged, saying about three quarters of its locations were...
UK Economy Stumbles as Consumers, Firms Brace for Downturn
Date: April 22, 2022
By Andy Bruce and William Schomberg LONDON (Reuters) – Britain’s economy is losing steam as households face a tightening cost-of-living squeeze, according to data published on Friday which showed sliding retail sales and consumer confidence approaching all-time lows. The pound slid by more than a cent to fall below $1.29 for the first time since...