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Image for German consumer sentiment outlook modest after slight pickup, GfK findsTop Stories

German Consumer Sentiment Outlook Modest After Slight Pickup, GfK Finds

Image for UK factories report plunge in output, adding to economic slowdown signsBusiness

UK Factories Report Plunge in Output, Adding to Economic Slowdown Signs

Image for UK employers hold pay deals at 4% before expected fall in 2025, survey showsFinance

UK Employers Hold Pay Deals at 4% Before Expected Fall in 2025, Survey Shows

Image for Investor allocations to US equities at record high, to cash at record low, BofA saysBanking

Investor Allocations to US Equities at Record High, to Cash at Record Low, BofA Says

Image for German business sentiment tumbles in December amid ‘chronic’ weakness

German Business Sentiment Tumbles in December Amid ‘chronic’ Weakness

Date: December 17, 2024

By Rachel More BERLIN (Reuters) -German business morale worsened more than expected in December, a survey showed on Tuesday, weighed down by companies’ pessimistic assessment of the coming months amid geopolitical uncertainty and an industrial slump in Europe’s largest economy. The Ifo institute said its business climate index decreased to 84.7 in December from a...

Image for UK stocks start policy decision week lower; Entain falls

UK Stocks Start Policy Decision Week Lower; Entain Falls

Date: December 17, 2024

(Reuters) -Britain’s FTSE 100 index slipped on Monday, with Entain dropping after Australia’s financial crime watchdog initiated legal proceedings against it, while a survey showed British businesses cut staffing by the most since the COVID pandemic this month. The FTSE 100 was down 0.5%, with Entain taking the biggest hit, down 6.3%, after the Australian...

Image for Decline in euro zone business activity eases in December, PMI shows

Decline in Euro Zone Business Activity Eases in December, PMI Shows

Date: December 16, 2024

By Jonathan Cable LONDON (Reuters) -The decline in euro zone business activity eased this month as the bloc’s dominant services industry bounced back to growth and offset a long-running contraction in the manufacturing industry, a survey showed on Monday. HCOB’s preliminary composite euro zone Purchasing Managers’ Index, compiled by S&P Global, rose to 49.5 in...

Image for German business activity ends year in contraction territory, PMI shows

German Business Activity Ends Year in Contraction Territory, PMI Shows

Date: December 16, 2024

By Maria Martinez BERLIN (Reuters) – Germany’s economic downturn eased slightly in December but business activity still contracted for a sixth month running, according to a survey published on Monday. The HCOB German flash composite Purchasing Managers’ Index, compiled by S&P Global, rose to 47.8 from 47.2 in November, but remained in contraction territory. Analysts...

Image for French stocks lead declines in Europe after Moody’s downgrade, PMI data

French Stocks Lead Declines in Europe After Moody’s Downgrade, PMI Data

Date: December 16, 2024

By Sruthi Shankar (Reuters) -French stocks led losses across European markets on Monday after a surprise ratings downgrade by Moody’s, while signs of easing strain on euro zone business activity failed to enthuse investors. France’s blue-chip CAC 40 dropped 0.7% after credit ratings agency Moody’s unexpectedly downgraded the country’s rating on Friday, bringing it to...

Image for Pessimism prevails among German firms for 2025, survey shows

Pessimism Prevails Among German Firms for 2025, Survey Shows

Date: December 16, 2024

(Reuters) – German companies feel pessimistic about the new year, with only 12.6% expecting business conditions to improve in 2025, according to a poll by the Ifo institute of some 8,000 firms published on Monday. “No sector is really optimistic about 2025. A lot of work awaits the new German government,” says Klaus Wohlrabe, head...