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☆ European markets head for mixed open as France's uncertain political outlook weighs on sentiment
▼ + stars: | 2024-07-09 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

People gather to celebrate the victory of the left-wing union after the partial results of the second round of the French parliamentary elections in Paris, France on July 07, 2024. LONDON — European stocks are expected to open in mixed territory Tuesday as investors in the region weigh up political uncertainty in France after Sunday's election result. European markets are digesting the prospect of a prolonged period of political uncertainty in France as it confronts a hung parliament following Sunday's parliamentary election result. The left-wing New Popular Front won the largest number of seats in the final round of voting, scuppering an expected surge for the far-right. The alliance failed to secure an absolute majority, however, meaning a coalition or technocratic government is on the cards, making legislation and reforms harder to pass.

Persons: Germany's DAX, scuppering Organizations: LONDON, CAC, IG, Popular Front Locations: Paris, France

☆ European stocks seen slipping as traders digest French election result
▼ + stars: | 2024-07-08 | by ( Katrina Bishop | ) www.cnbc.com time to read: +1 min

LONDON — European stocks were set to fall at the open on Monday as markets reacted to an expected hung parliament in France after a surprise win for a left-wing coalition of parties. France's CAC 40 was seen falling 37.9 points to 7,631, according to IG, and the euro was down 0.18% against the dollar. The U.K.'s FTSE 100 index and Germany's DAX are both expected to fall around 6 points, while Italy's FTSE MIB is expected to slip 115 points at the open. European marketsFrance's left-wing New Popular Front won the largest number of seats in this weekend's parliamentary elections, scuppering an expected surge for the far-right. However, the coalition failed to secure an absolute majority, early data showed, leaving markets digesting the possibility of a hung parliament.

Persons: Germany's DAX, France's, scuppering, Jim Reid, Nathan Posner Organizations: CAC, IG, Popular Front, Deutsche Bank, New, Republique, Anadolu, Getty Locations: France, Paris, France's

☆ European markets head for higher open as UK election takes place
▼ + stars: | 2024-07-04 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

The Houses of Parliament are seen on June 28, 2024 in London, England ahead of the UK general election. LONDON — European stocks are expected to open higher Thursday, with the U.K.'s general election in focus in the region. The U.K. general election is being held Thursday. Polls open from 7a.m. Overnight, Asia-Pacific markets were mostly up Thursday as Japan's Topix crossed its all-time high of 2,886.50, previously set in December 1989.

Persons: Germany's DAX, Japan's Topix Organizations: LONDON, CAC, IG, Labour Party, Conservative Party Locations: London, England, Asia, Pacific

☆ European markets head for higher open as investors digest French election's first round results
▼ + stars: | 2024-07-01 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Poster of Christophe Versini for the Rassemblement National (National Rally) party, with Marine Le Pen and Jordan Bardella on it, on June 24, 2024. LONDON — European stocks are expected to start the new trading week higher as investors in the region digest the results of the first round of France's snap parliamentary election. European markets will be reacting to the results of the first round of the snap parliamentary election in France in which there was a sharp upswing in votes for the anti-immigrant National Rally party. Initial results point to it struggling for an absolute majority in the second round of voting that takes place on July 7, however. Overnight, Asia-Pacific markets started the second half of the year mixed as investors assessed June business activity data from China as well as Japan's business confidence readings.

Persons: Christophe Versini, Jordan Bardella, Germany's DAX, Emmanuel Macron's Organizations: Rassemblement National, LONDON, CAC, IG, National Rally, British Foods Locations: France, Asia, Pacific, China

☆ European markets head for negative open as inflation worries persist
▼ + stars: | 2024-06-27 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

A photo shows the bell during a bell ceremony of the Euronext Brussels Stock Exchange in Brussels on March 18, 2024. LONDON — European stocks are expected to open in negative territory Thursday as global inflation worries continue to rattle markets. Global market attention is shifting toward fresh U.S. inflation data on Friday, with May's personal consumption expenditures price index, the U.S. Federal Reserve's preferred inflation gauge, due to be released. Data releases in Europe Thursday include Italy's latest consumer and business confidence numbers, and Spanish retail sales. An EU leader' summit begins in Brussels on Thursday and the Bank of England publishes its latest Financial Stability Report.

Persons: Germany's DAX Organizations: Euronext Brussels Stock Exchange, LONDON, CAC, IG, Global, U.S, U.S . Federal, U.S ., Bank of England Locations: Brussels, U.S ., Asia, Pacific, Europe, EU

☆ European markets head for positive open as global chip stocks stabilize
▼ + stars: | 2024-06-26 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

A Trader works on the floor of the New York Stock Exchange in New York City, June 24, 2024. LONDON — European stocks are expected to open higher Wednesday, reversing negative sentiment seen in the previous trading session. The positive open anticipated for European markets comes after rocky trade in the region, and elsewhere globally, after a tech-driven selloff — although volatility in the sector appeared to stabilize after chipmaking giant Nvidia rallied Tuesday. Wall Street is likely to shift its attention toward fresh U.S. inflation data on Friday with the release of May's personal consumption expenditures price index, the U.S. Federal Reserve's preferred inflation gauge. Data releases in Europe on Wednesday include Germany's GFK consumer survey for July and European consumer confidence data for June.

Persons: Germany's DAX Organizations: New York Stock Exchange, LONDON, CAC, IG, Nvidia, U.S, U.S . Federal Locations: New York City, Asia, Pacific, U.S ., Europe, Mulberry

☆ European stocks set to open lower after sentiment sours on Wall Street
▼ + stars: | 2024-06-25 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

LONDON — European stocks are expected to open lower Tuesday, following souring U.S. market sentiment at the start of the week. The U.K.'s FTSE index is seen opening 16 points lower at 8,284, Germany's DAX 130 points lower at 18,207, France's CAC 40 down 32 points at 7,678 and Italy's FTSE MIB down 55 points at 33,982, according to data from IG. Global markets have turned lower after investors stateside sold off U.S. Big Tech stocks on Monday in favor of sectors such as banking and energy. Asia-Pacific markets mostly rose overnight, with traders assessing South Korea's consumer sentiment index for June, as well as Japan's service sector producer prices. Spanish gross domestic product data will be the main major economic release.

Persons: Germany's DAX Organizations: U.S, CAC, IG, Global, . Big Tech, Nvidia Locations: Asia, Pacific, Europe

☆ Europe stocks look set to extend gains after BOE rate hold, Swiss cut; UK retail sales beat forecast
▼ + stars: | 2024-06-21 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Jack Taylor | Getty Images News | Getty ImagesLONDON — European stocks are heading for a cautiously higher open Friday as investors monitor a slew of central bank decisions and data releases. The pan-European Stoxx 600 index is on course for a weekly gain of more than 1.5%, its best performance since early May. Attention this week turned to central bank action, as the Swiss National Bank announced it would cut interest rates by 0.25 percentage points to 1.25%. The SNB became the first major central bank to cut rates during this cycle back in March. The Bank of England meanwhile kept interest rates unchanged at a 16-year high of 5.25%.

Persons: Jack Taylor Organizations: Getty, Equity, European Union Parliament, Reuters, Swiss National Bank, Bank of England Locations: Godalming, United Kingdom, France

☆ CNBC Daily Open: Russia-North Korea defense pact
▼ + stars: | 2024-06-20 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Russia-North Korea partnershipRussia and North Korea signed a "comprehensive strategic partnership" deal on Wednesday, including a mutual defense pact, during President Vladimir Putin's first state visit to North Korea in 24 years. While the 2% inflation mark is significant, it was anticipated and mainly driven by lower energy prices. Musk clarifies remarksElon Musk attempted to clarify his controversial remarks after advertisers threatened to leave X. Musk previously told advertisers to "go f--- yourself."

Persons: Vladimir Putin's, Putin, Kim Jong Un, CNBC's Holly Ellyatt, Elon Musk, Musk, Eli Lilly Organizations: CNBC, Bank of England, Cannes Lions, CAC, Nasdaq Locations: Russia, North Korea, Ukraine, Cannes, France

☆ European markets head for mixed open as UK awaits Bank of England's rate decision
▼ + stars: | 2024-06-20 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Commuters crossing a junction near the Bank of England (BOE), left, in the City of London, UK, on Wednesday, May 8, 2024. Photographer: Hollie Adams/Bloomberg via Getty ImagesLONDON — European stocks are expected to open in mixed territory Thursday, with U.K. investors looking ahead to the Bank of England's policy rate decision. The U.K.'s FTSE index is expected to open 16 points higher at 8,212, Germany's DAX up 21 points at 18,087, France's CAC 40 up 3 points at 7,568 and Italy's FTSE MIB up 10 points at 33,192, according to IG. U.K. traders will be focused on the Bank of England's rate decision Thursday, although the central bank is widely expected to hold rates steady at a 16-year high of 5.25%, with the majority of economists polled by Reuters forecasting a cut in August after the country's July 4 election. Data released Wednesday showed U.K. inflation rose by an annual 2.0% in May, hitting the BoE's inflation target.

Persons: BOE, Andrew Bailey, Hollie Adams, Germany's DAX Organizations: Bank of England, City of, Bloomberg, Getty, Bank of, CAC, IG, Reuters Locations: City, City of London

A stock trader looks at his monitors in the trading room of the Frankfurt Stock Exchange. Worries about a new coronavirus mutation in southern Africa have dealt a major blow to the German stock market. The Stoxx 600 index was up 0.68% in early deals, with all sectors and major bourses trading in the green. Travel and leisure stocks led gains, up 1.84%, while banks were also 1.28% higher. The index fell more than 6.2% last week.

Organizations: Frankfurt Stock Exchange, CAC Locations: Africa

☆ Europe stocks set to open mixed as investors look ahead to Bank of England decision later this week
▼ + stars: | 2024-06-17 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Commuters crossing a junction near the Bank of England (BOE), left, in the City of London, UK, on Wednesday, May 8, 2024. Photographer: Hollie Adams/Bloomberg via Getty ImagesLONDON — European markets are set to open mixed as investors attempt to shake off negative sentiment from last week and look ahead to the latest interest rate decision from the Bank of England. Investors are looking ahead to the Bank of England's policy rate decision on Thursday. In Asia-Pacific, markets were mixed on Monday as the region assesses key economic data out from China. U.S. stock futures were little changed on Monday morning as traders start a holiday-shortened week.

Persons: BOE, Andrew Bailey, Hollie Adams, Emmanuel Macron's Organizations: Bank of England, City of, Bloomberg, Getty, CAC, Bank of, Reuters Locations: City, City of London, Italy, Asia, Pacific, China . U.S

☆ French protests add to Macron's political gamble as election race heats up
▼ + stars: | 2024-06-17 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

Matthieu Delaty | Afp | Getty ImagesFrance's election campaign kicked off in earnest Monday following a weekend of violent nationwide protests against the far-right National Rally, or RN, whose record European Parliament gains sparked the snap vote. Protesters gather during an anti far-right rally after French president called legislative elections following far-right parties' significant gains in European Parliament elections, in Paris on June 15, 2024. More likely, however, is a "messy" hung parliament, he said — part of Macron's gamble to discredit RN's legitimacy ahead of the 2027 presidential elections. French stocks gained on Monday, with Goldman Sachs' senior European strategist Sharon Bell saying that the sell-off may have been premature. Protesters gather during an anti-far-right rally after French President Emmanuel Macron called legislative elections following far-right parties' significant gains in European Parliament elections in Paris on June 15, 2024.

Persons: Matthieu Delaty, Jordan Bardella, France's Le, Lou Benoist, Emmanuel Macron's, Mujtaba Rahman, Mujtaba, Goldman Sachs, Sharon Bell, Bell, CNBC's, Emmanuel Macron Organizations: National Rally, Afp, Getty, France's Le Monde, CGT, CNBC, Union, Eurasia, CAC, Generale, Protesters Locations: Lyon, France, Paris, Europe

☆ Europe stocks head for higher open to round off choppy week
▼ + stars: | 2024-06-14 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

This picture taken in Paris on March 3, 2024 shows the silhouette of the Eiffel Tower and the city skyline against a cloudy weather. The Stoxx 600 index is nonetheless on course for one of its worst weeks of the year so far. Stateside, two sets of inflation data — the consumer price index and the producer price index — both came in softer than expected, boosting U.S. stocks. Between those readings, the Federal Reserve held interest rates steady and revised its outlook for interest rate cuts to just one in 2024. The start of the week was dominated by market reaction to elections to the European Union's parliament, in which far-right parties made gains, as had been forecast.

Persons: Stefano RELLANDINI, STEFANO RELLANDINI, Germany's DAX, Emmanuel Macron's Organizations: Eiffel, Getty, CAC, Federal Reserve, spooked Locations: Paris, AFP

☆ European markets head for positive open ahead of Fed decision, U.S. inflation data
▼ + stars: | 2024-06-12 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Traders work on the floor of the New York Stock Exchange during afternoon trading on June 03, 2024 in New York City. LONDON — European stocks are expected to open higher Wednesday ahead of the latest U.S. Federal Reserve decision and inflation reading. The U.K.'s FTSE index is seen 29 points higher at 8,169, Germany's DAX 36 points higher at 18,408, France's CAC 40 up 13 points at 7,803 and Italy's FTSE MIB up 66 points at 33,946, according to IG. Investors have grown increasingly concerned that the recent strong jobs report and sticky inflation support a higher-for-longer interest rate environment. U.S. stock futures hovered near the flatline Tuesday night, while Asia-Pacific markets were mixed as investors assessed inflation data from around Asia.

Persons: Germany's DAX Organizations: New York Stock Exchange, LONDON, Federal, CAC, IG, U.S Locations: New York City, Asia, Pacific

☆ European stocks head for flat to higher open as markets turn to Fed, U.S. inflation data
▼ + stars: | 2024-06-11 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

LONDON — European stocks are expected to open flat to higher Tuesday as investors look ahead to the Federal Reserve's next meeting and U.S. inflation data. The U.K.'s FTSE index is expected to open unchanged at 8,223, Germany's DAX up 6 points at 18,493, France's CAC 40 up 21 points at 7,897 and Italy's FTSE MIB up 16 points at 34,568, according to IG. Regional markets fell on Monday as traders reacted to the EU Parliament elections and French President Emmanuel Macron's decision to call a snap election after the right-wing National Rally party made strong gains.

Persons: Germany's DAX, Emmanuel Macron's Organizations: Federal, CAC, IG, Regional

☆ 'Huge political gamble': France's Macron calls for snap election his rival Le Pen could easily win
▼ + stars: | 2024-06-10 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +5 min

Chesnot | Getty Images News | Getty ImagesFrench President Emmanuel Macron's decision to call a snap national election after a surge for his far-right rivals is a high-stakes move and a huge political gamble, analysts say. Macron's decision to call a snap parliamentary vote comes after the right-wing National Rally (RN) party, led by Marine Le Pen, won around 31% of the vote in Sunday's European Parliament election. That was more than double the 14.6% seen for Macron's pro-European and centrist Renaissance Party and its allies. France's CAC 40 slumped 1.8% in the early hours of trading Monday morning with French banks trading sharply lower. "This is an essential time for clarification," Macron said in a national address Sunday evening as he announced his decision to dissolve parliament.

Persons: Emmanuel Macron, Emmanuel Macron's, Macron, Le Pen, Macron —, —, Daniel Hamilton, Johns Hopkins University SAIS, Antonio Barroso, Teneo, Barroso, Le, Douglas Yates, Yates Organizations: Getty, Getty Images, Marine, Sunday's, Renaissance Party, CAC, BNP, Societe Generale, Foreign, Institute, Johns Hopkins University, CNBC, Research, National Assembly, American Graduate School Locations: Chesnot, France, Paris

☆ European markets head for lower open after surge for right-wing parties in EU election
▼ + stars: | 2024-06-10 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

An employee enters sliding doors decorated with the stars of the European Union (EU) flag at the Berlaymont building, headquarters of the European Commission (EC), in Brussels, Belgium, on Tuesday, Jan. 28, 2020. LONDON — European stocks are expected to open lower Monday as traders react to initial results from the EU Parliament elections which suggest far-right parties have surged in popularity. The U.K.'s FTSE index is seen 57 points lower at 8,193, Germany's DAX 45 points lower at 18,507, France's CAC 40 down 45 points at 7,952 and Italy's FTSE MIB 60 points lower at 34,629, according to IG. Regional markets will be focused on the results of EU parliamentary elections, which took place over the last few days. The EU election drama was rounded off Sunday evening when French President Emmanuel Macron called snap parliamentary elections later this month after suffering a heavy defeat in the EU vote.

Persons: Germany's DAX, Emmanuel Macron Organizations: European Union, European Commission, LONDON, CAC, IG, Regional Locations: Brussels, Belgium, Britain, EU

☆ European stocks set for higher open as markets anticipate first ECB rate cut since 2019
▼ + stars: | 2024-06-06 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

A sculpture of the Euro currency stands in the city centre of Frankfurt am Main, western Germany, on January 25, 2024. European stocks are expected to open higher on Thursday, with traders anticipating that the European Central Bank will cut borrowing costs for the euro area for the first time since September 2019. The U.K.'s FTSE index is seen opening 27 points higher at 8,270, Germany's DAX 75 points higher at 18,642, France's CAC 40 up 28 points at 8,032 and Italy's FTSE MIB 139 points higher at 34,711, according to data from IG.

Persons: Germany's DAX Organizations: European Central Bank, CAC, IG Locations: Frankfurt, Germany

☆ European markets head for a higher open as investors look ahead to ECB meeting
▼ + stars: | 2024-06-05 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European stocks are expected to open higher Wednesday, with investors in the region looking ahead to the next meeting of the European Central Bank (ECB). The U.K.'s FTSE index is seen opening 42 points higher at 8,274, Germany's DAX up 88 points at 18,501, France's CAC 40 up 46 points at 7,983 and Italy's FTSE MIB 174 points higher at 34,491, according to data from IG. Investors will be keeping an eye on earnings from Spanish clothing company Inditex. On the data front, final purchasing managers' index (PMI) data for the euro zone in May, a measure of services and manufacturing activity in the single currency area, is due. The ECB is widely expected to cut interest rates for the first time since 2019 when policymakers meet on Thursday, but investors will watch closely to see whether a slightly higher-than-expected euro zone inflation print released last Friday will affect the central bank's decision-making.

Persons: Germany's DAX Organizations: European Central Bank, CAC, IG, Investors, ECB

☆ European markets set to open higher ahead of ECB decision later this week
▼ + stars: | 2024-06-03 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

European markets are poised to start the month higher Monday as investors look ahead to the European Central Bank's latest interest rate decision later this week. The U.K.'s FTSE 100 was last seen 63 points higher at 8,340, according to IG data, while Germany's DAX was up 173 points at 18,652. France's CAC was 62 points higher at 8,041and Italy's MIB was up 359 points at 34,893. The move would mark the first time the ECB has cut rates ahead of the U.S. Federal Reserve. U.S. stock futures also started the month in positive territory, coming off the back of a strong May in which all three major averages notched their sixth positive month in seven.

Persons: Germany's DAX, China's Organizations: Central, CAC, ECB, U.S . Federal Locations: Spain, France, Germany, Asia, Pacific

☆ European stocks close higher; UK and U.S. markets closed
▼ + stars: | 2024-05-27 | by ( Katrina Bishop | ) www.cnbc.com time to read: +1 min

European markets closed slightly higher on Monday as traders searched for direction on a quiet day for markets. U.K. markets are closed for the late May bank holiday, while stateside, U.S. markets are shut for Memorial Day. It comes as speculation over when interest rates might start to come down dominates the news flow once again. On Monday, two key European Central Bank figures threw their weight behind the prospect of a June interest rate cut. It indicates that the European Central Bank is going to act in June — sooner than the U.S. Federal Reserve, which usually leads the way in monetary policy decisions.

Persons: Germany's Dax, Olli Rehn, Philip Lane, Goldman Sachs Organizations: CAC, European Central Bank, ECB, Financial Times, U.S . Federal Reserve, Federal Locations: U.S

☆ European markets set to open higher; UK GDP grows 0.1% in February
▼ + stars: | 2024-04-12 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

The U.K.'s FTSE 100 index is expected to open 31 points higher at 7,949, Germany's DAX up more than 100 points at 18,051, France's CAC 47 points higher at 8,064 and Italy's FTSE MIB 150 points higher at 33,212, according to data from IG. European markets are set to open higher on Friday morning as investors parse through U.K. economic data and reflect on a somewhat murky U.S. inflation outlook. The market moves come after the pan-European Stoxx 600 index closed lower in the previous session. Stateside, investors digested fresh inflation data in search of clues on exactly when the U.S. central bank may start cutting interest rates. In Europe, Britain's economic output increased by 0.1% in monthly terms in February, in line with expectations, according to figures published Friday by the Office for National Statistics.

Persons: Germany's DAX, Dow Jones Organizations: CAC, IG, European Central Bank, U.S, U.S . Federal, Labor Department's Bureau of Labor Statistics, Dow, Office, National Statistics Locations: U.S ., U.S, Europe

TOKYO (AP) — Global shares are mixed Thursday in lackluster trading. U.S. shares were set to drift higher with Dow futures up nearly 0.3% at 39,632.00. Nissan Motor Co. stock jumped 2.2% after an unconfirmed Japanese media report that the automaker behind the Leaf electric car was about to enter an agreement on EVs with domestic rival Honda Motor Co. Honda shares rose 1.1%. Photos You Should See View All 60 ImagesThe Japanese central bank has set a target of 2% inflation. That higher inflation has in turn dashed Wall Street’s hopes that the Federal Reserve could start offering relief at its meeting next week by cutting interest rates.

Persons: Germany's DAX, Sydney's, Hang Seng, ”, Anderson Alves, Brent Organizations: TOKYO, —, CAC, Dow, Nikkei, Nissan Motor Co, Honda Motor Co, Honda, Nissan, Bank of Japan, Bank of, Federal Reserve, Fed, U.S Locations: Hong, Shanghai, ActivTrades, Bank of Japan

A TV presenter gets ready for the daily reporting from the floor of the German share price index DAX at the stock exchange in Frankfurt, Germany, November 15, 2023. LONDON — European markets were set for a lower open Wednesday as investors assessed incoming corporate earnings and inflation prints in both the U.S. and the U.K. The U.K.'s FTSE 100 was predicted to open 15 points lower at 7,492 points, the DAX down 40 points to 16,833 points and France's CAC lower by 15 points to 7,605, according to IG data. Losses deepened after new figures showed U.S. inflation rose by more than expected in January, as stubbornly high shelter prices squeezed consumers. Wednesday will see reporting from several major European businesses, including ABN AMRO and Capgemini.

Persons: DAX Organizations: LONDON, U.S, U.K, CAC, of Labor Statistics, Dow, U.S . Federal, ABN AMRO, Capgemini Locations: Frankfurt, Germany

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