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Israeli warplanes are striking targets across Gaza ahead of an expected ground offensive in the besieged Hamas-ruled territory. U.S. President Joe Biden, Prime Minister Justin Trudeau of Canada, President Emmanuel Macron of France, Chancellor Olaf Scholz of Germany, Prime Minister Giorgia Meloni of Italy and Prime Minister Rishi Sunak of the United Kingdom also welcomed the release of two hostages and called for the immediate release of all remaining hostages. ISRAELI PRIME MINISTER WARNS HEZBOLLAH TO STAY OUT OF WARIsraeli Prime Minister Benjamin Netanyahu visited troops stationed near the border with Lebanon, where the Israeli army and Iran-backed Hezbollah militants also have traded fire during the Hamas-Israel war. On Sunday, Associated Press journalists saw seven fuel trucks head into Gaza. Without fuel, aid will not reach many civilians in desperate need.

Persons: Israel, Biden, Austin, Josep Borrell, ” Borrell, ”, Joe Biden, Justin Trudeau of, Emmanuel Macron, Chancellor Olaf Scholz of Germany, Giorgia Meloni, Rishi Sunak, Benjamin Netanyahu, Netanyahu, ISRAEL, Israel “, Juliette Touma, Jordan, ” Philippe Lazzarini, ” Lazzarini Organizations: West Bank, Palestinian Health Ministry, Union, WORLD, Sunday, Israel, U.S, Justin Trudeau of Canada, MINISTER, Iran Hezbollah, United Nations, Associated Press, U.N Locations: Gaza, Israel, Syria, Lebanon, Egypt, israel, BRUSSELS, Luxembourg, France, Italy, United Kingdom, Iran, “, GAZA Israel, Egypt’s, AMMAN

☆ European stocks retreat as traders track earnings, inflation data
▼ + stars: | 2023-10-18 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

LONDON — European markets were slightly lower on Wednesday as traders monitored corporate earnings, developments in the Middle East , and key inflation data. The pan-European Stoxx 600 index slipped 0.4% in early trade, with tech stocks shedding 1.7% to lead losses while retail stocks added 0.4%. Shares in Asia-Pacific clawed back some lost ground throughout the trading session overnight, after fresh data showed stronger-than-expected economic growth out of China for the third quarter. Earnings season also gathers steam in Europe, with ASML , SAP, Volvo, Deutsche Boerse and ABB among those reporting Wednesday. Economic data will also be in focus, with inflation data from the U.K. and the euro zone released throughout the morning.

Persons: Morgan Stanley Organizations: Federal Reserve, Stock, Wall, Netflix, Tesla, ASML, SAP, Volvo, Deutsche Boerse, ABB Locations: Asia, China, Europe

The Tamar field, located 15 miles off Israel’s southern coast, meets 70% of Israel’s energy needs for power generation, according to the US energy company. A prolonged shutdown could lead to a drop in Israeli gas exports to its neighbors, Egypt and Jordan, as well as squeeze an already tight global gas market. For now, Chevron (CVX) continues to supply its customers in Israel and the region with gas from the larger Leviathan platform. Goldman Sachs analysts think the Tamar shutdown has “contributed” to the rally in European gas prices. However, all in all, the consequences for the global gas market would be “very limited,” he added, because Israel isn’t a major supplier.

Persons: Sally Jones, ” Jones, Chevron, “, Tamar, —, Wood Mackenzie, Goldman Sachs, Simone Tagliapietra, Marc Israel Sellem, Chevron’s Wheatstone, Tagliapietra, Israel, ”, Israel isn’t, Jordan, Israel’s, Martijn Murphy, Luo, ” Murphy Organizations: New York CNN, Chevron, Israel’s Ministry of Energy, Hamas, CNN, Rystad Energy, International Energy Agency Locations: London, New York, Israel, Egypt, Jordan, Europe, Ukraine, Baltic, Australia, Finland, Estonia, Tamar

GUIDONIA MONTECELIO, Italy (AP) — European captain Luke Donald was delivering his Ryder Cup victory speech in front of a giddy crowd at Marco Simone when his celebrating players standing beside him started a chant that quickly swept through the grandstands. Ineligible for this year’s Ryder Cup, it might be too early for them to be considered for 2025 whatever transpires regarding this “framework agreement” between the Saudi backers of LIV and PGA and European tours. He is already a multiple winner on the European tour. And how about the team having another set of brothers in Matt and Alex Fitzpatrick? “Seve, Ollie, the legends of the Ryder Cup that have come before us,” McIlroy said.

Persons: GUIDONIA MONTECELIO, Luke Donald, Ryder, Marco Simone, ”, Rory McIlroy, Donald, McIlroy, “, Bernard Gallagher, Tony Jacklin, John Jacobs, Gallagher, Henrik Stenson, —, LIV Golf, Lee Westwood, Sergio Garcia, Ian Poulter, Europe’s, LIV, Justin Rose, Molinari, Jon Rahm —, Ludvig Aberg, Robert MacIntyre, Nicolai Hojgaard, ” Rahm, Aberg, Adrien Dumont de Chassart, Rasmus Hojgaard, Nicolai, Rasmus, Alex Fitzpatrick, Matt, Alex, Rahm, Viktor Hovland —, Tommy Fleetwood, Tyrrell Hatton, Shane Lowry, Rose, Seve Ballesteros, Jose Maria Olazabal, “ Seve, Ollie, ” McIlroy Organizations: —, Ryder, Europe’s Ryder, Saudi, PGA Tour University, PGA, U.S, European Masters, Handa Locations: Italy, Rome, Bethpage, New York, Europe, Illinois

GUIDONIA MONTECELIO, Italy (AP) — Europe won back the the Ryder Cup on Sunday, just like it always does before its raucous crowd, with Rory McIlroy leading the way and Tommy Fleetwood delivering the winner. He helped put Europe on the brink by winning his fourth match of the week to cap off his best performance. And then Fleetwood hit a signature shot on the signature hole at Marco Simone, a drive to 25 feet on the reachable 16th. Rickie Fowler hit into the water and eventually conceded a short birdie to Fleetwood to give Europe the 14 1/2 points it needed. All Europe needed was one more halve, and Fleetwood assured that with a 2-up lead with two holes to play against Fowler.

Persons: GUIDONIA MONTECELIO, Rory McIlroy, Tommy Fleetwood, McIlroy, Patrick Cantlay's caddie, Fleetwood, Marco Simone, Rickie Fowler, Jon Rahm, Scottie Scheffler, Tyrrell Hatton, Brian Harman, Viktor Hovland, Collin Morikawa, Fowler, ___ Organizations: —, Ryder, British, Fleetwood Locations: Italy, Europe, Whistling, Adare Manor, Ireland

GUIDONIA MONTECELIO, Italy (AP) — Europe is leading five of the seven singles matches that are underway at the Ryder Cup on Sunday. Europe leads 10½ to 5½ and needs to win only four points from the 12 singles matches to regain the cup. Europe leads 10½ to 5½ and needs to win only four points from the 12 singles matches to regain the cup. ___Jon Rahm got Europe off to a strong start in Sunday’s singles matches at the Ryder Cup. ___Europe has history on its side as the Sunday singles matches begin in the Ryder Cup.

Persons: GUIDONIA MONTECELIO, Viktor Hovland, Collin Morikawa, Jon Rahm, Rory McIlroy, Matt Fitzpatrick, Tyrrell Hatton, Patrick Cantlay, Justin Rose, Brooks Koepka, Ludvig Aberg, ½, ”, Marco Simone, Cantlay's, Cantlay, Rose, caddie, Joe LaCava, “, ___ Jon Rahm, Scottie Scheffler, Scheffler, Rahm Organizations: Ryder, golf’s, U.S Locations: Italy, Europe, Saturday's fourballs, Whistling Straits, Scheffler

☆ EU trade chief says the outcome of China EV probe cannot be prejudged
▼ + stars: | 2023-09-26 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

About two weeks ago, the European Commission announced an investigation into government subsidies for EV makers in China. watch nowChina's electric car exports have surged in recent months. Homegrown Chinese electric car companies Nio , Xpeng and BYD are among those that have started to expand to Europe, but in relatively small numbers so far. More than two-thirds of China's electric car exports to Europe were from Tesla and other international brands manufacturing in China, according to HSBC. China's Ministry of Commerce was quick to criticize the EU investigation and called it a "blatantly protectionist act" that would distort the global auto industry.

Persons: Dombrovskis, Cui Dongshu, Wan Gang Organizations: BEIJING —, European, European Commission, EV, EU, World Trade Organization, Moody's, HSBC, Volkswagen, VW, China's Ministry of Commerce, China Passenger Car Association, Audi, Wan, Science, Technology, Ministry of Finance Locations: BEIJING, BEIJING — Europe, China, Beijing, Europe

CASARES, Spain (AP) — Europe retained the Solheim Cup after securing a first-ever tie with the United States on Sunday. The U.S. needed a win to get the trophy back after two consecutive losses against the Europeans in the top team event in women’s golf. The teams split the decisive singles match to finish tied 14-14 with Europe doing just enough to keep the trophy. She beat Nelly Korda 2 and 1 for her fourth straight victory after sitting out the opening session on Friday morning. Political Cartoons View All 1176 ImagesThe teams entered the final day tied 8-8 after the U.S. got off to its best start ever but saw Europe slowly rally back.

Persons: Carlota Ciganda, Nelly Korda, ___ Organizations: —, Solheim, U.S . Locations: Spain, — Europe, United States, U.S, Europe

☆ European markets retreat on prospect of higher for longer rates
▼ + stars: | 2023-09-22 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

LONDON — European markets were slightly lower on Friday as the prospect of higher for longer interest rates emerges from a slew of central bank decisions this week. Stock markets have endured a volatile week, and the European blue chip index dropped 1.3% on Thursday. Both the Swedish and Norwegian central banks hiked interest rates. The Bank of Japan on Friday left interest rates unchanged at -0.1%, while maintaining its outlook and yield curve control policy, showing no impetus to end its massive economic stimulus measures. Data releases in Europe Friday include August retail sales and September purchasing managers' index readings from the U.K.

Persons: Jerome Powell Organizations: U.S . Federal Reserve, Bank of England, Swiss National Bank, Bank of Japan Locations: Norwegian, Asia, Pacific, Europe

1 Scottie Scheffler, were not even born the last time the Americans won a Ryder Cup on European soil. That was in 1993 at The Belfry, when Ryder Cup rookie Davis Love III made the cup-clinching putt. “I think one of the great accomplishments in our game now is to win an away Ryder Cup,” Rory McIlroy said. The PGA of America runs the Ryder Cup — not the tour — though the only access to Ryder Cup points for Americans was the majors. Missing from the European team for the first time since 1997 is Sergio Garcia, the leading scorer in Ryder Cup history.

Persons: Jordan Spieth, ”, Tommy Fleetwood of, Xander Schauffele’s, ’ ” Fleetwood, Marco Simone, LIV, Brooks Koepka, Scottie Scheffler, Davis Love, “, ” Scheffler, Tiger Woods, Phil Mickelson, Spieth, Dustin Johnson, we’ve, Zach Johnson, ” Rory McIlroy, it’s, ” McIlroy, —, Johnson, “ He’s, ” Johnson, Koepka, Henrik Stenson, Luke Donald, Ian Poulter, Sergio Garcia, Jon Rahm, Garcia, Donald, Nicolai Hojgaard, Ludvig Aberg, McIlroy, ” Marco Simone, ___ Organizations: Ryder, Team USA, U.S ., of Fame, U.S, ’, America, LIV, Europe, Valderrama, K Locations: Rome, Europe, Whistling Straits, Wisconsin, Saudi, U.S, France, Spain, Northern Ireland, Denmark, European, Ireland

☆ Ozempic maker Novo Nordisk isn't just Europe's second-most valuable company. It is also singlehandedly boosting Denmark's economy.
▼ + stars: | 2023-09-18 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Ozempic-maker Novo Nordisk is Europe's second-largest company by market capitalization. It's also boosting Denmark's economy all on its own. AdvertisementAdvertisementNot only that, Novo Nordisk has also been propping up Denmark's economy all on its own. Jonas Petersen, an analyst at Denmark's statistics department, further told the AFP that the trend is "changing the picture of the economy." Denmark's statistics department and Danske Bank's Olsen did not immediately respond to requests from Insider for comment sent outside regular business hours.

Persons: It's, would've, LVMH Moët Hennessy Louis Vuitton, Elon Musk, Amy Schumer, they've, Las Olsen, Jonas Petersen, Bank's Olsen Organizations: Novo Nordisk, pharma, Service, Novo Nordisk's, Novo, Danske Bank, AFP, Nordisk Locations: Wall, Silicon, Europe

Von der Leyen’s spokesman, Eric Mamer, confirmed on Saturday that she would make the trip at the invitation of Italian Premier Giorgia Meloni. About 7,000 migrants arrived on Lampedusa from Tunisia this week, and the Red Cross said that 3,800 remained on the island on Friday. A representative told the official that islanders have run out of patience after three decades of coping with arrivals. “Obviously, Italy and Europe can't welcome this massive influx of people, especially when these migrant flows are being managed by unscrupulous traffickers,” she said. As Meloni hosts von der Leyen in Lampedusa, Salvini on Sunday has invited French far-right leader Marine Le Pen to an annual League rally in the northern Italian town of Pontida.

Persons: Ursula von der Leyen, Italy’s, Von der, Eric Mamer, Giorgia, “, ”, Matteo Salvini, Meloni, Salvini, Marine Le Organizations: MILAN, —, Cross, Media, Residents, SKY TG24, League, EU, der, Sunday Locations: Lampedusa, North Africa, Italian, Tunisia, Meloni, Europe, Italy, French, Pontida

LONDON (AP) — European regulators slapped TikTok with a $368 million fine on Friday for failing to protect children's privacy, the first time that the popular short video-sharing app has been punished for breaching Europe's strict data privacy rules. And it nudged teen users into more “privacy intrusive” options when signing up and posting videos, the watchdog said. The Irish regulator has been criticized for not moving fast enough in its investigations into Big Tech companies since EU privacy laws took effect in 2018. For TikTok, German and Italian regulators disagreed with parts of a draft decision issued a year ago, delaying it further. Instagram, WhatsApp and their owner Meta are among other tech giants that have been hit with big fines by the Irish regulator over the past year.

Persons: they're, TikTok, “, ”, Elaine Fox Organizations: —, Protection, Big Tech, Data, Meta Locations: Dublin, Europe, Brussels, China, Irish

VIRGINIA WATER, England (AP) — Europe’s 12 Ryder Cup players delivered a mixed bag of scores in the first round of the BMW PGA Championship. Of the Europeans heading to Rome for the Ryder Cup in two weeks, Matt Fitzpatrick (66), Ludvig Åberg (68) and Tyrrell Hatton (68) posted the best rounds at Wentworth. “I think we are all a little bit in the Ryder Cup mindset,” said No. Fitzpatrick, who went out with Robert MacIntyre and Justin Rose (both 72), played the best of the Ryder Cup squad after starting with four birdies in his first six holes. “I’ll start focusing on the Ryder Cup once Sunday finishes.”They are all chasing the 26-year-old Helligkilde, who is coming to the end of his second season on the European tour.

Persons: —, Marcus Helligkilde, Dane, Matt Fitzpatrick, Ludvig Åberg, Tyrrell Hatton, Nicolai Hojgaard, Luke Donald, Adrian Meronk, Rory McIlroy, Jon Rahm, ”, Viktor Hovland, Marco Simone, ” Hovland, McIlroy, Swede, Åberg, ” Åberg, “ Ludvig, “, Hovland, Donald, Shane Lowry, Tommy Fleetwood, Sepp Straka, Fitzpatrick, Robert MacIntyre, Justin Rose, Richie Ramsay, ” Fitzpatrick, birdies, Helligkilde Organizations: Ryder, BMW PGA, Wentworth Locations: VIRGINIA, England, Rome, “

☆ Europe stocks climb as investors await Nvidia results; German business activity plunges
▼ + stars: | 2023-08-23 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

LONDON — European stock markets were higher Wednesday, with attention focused on earnings and central bank comments in the U.S. The Stoxx 600 index was up by 0.45% at 8:45 a.m. BST, with most sectors nudging higher. Autos stocks were down by 0.46% after the release of grim PMI figures for Germany, which showed a deepening downturn in manufacturing output and plunge in business activity. European marketsGlobally, investors will be poring over California-based chip designer Nvidia 's results to see how it performs against high Wall Street expectations after a stellar first quarter. The rise in long-dated U.S. Treasury yields, with the yield on the benchmark 10-year note hitting its highest level since 2007, eased Tuesday.

Persons: Nvidia, Jerome Powell, Jackson, Thomas Barkin, Barkin Organizations: U.S, Activision, Treasury, Richmond Fed Locations: Germany, California, U.S

☆ Europe stocks higher; Ubisoft rises 6% on restructured Microsoft-Activision deal
▼ + stars: | 2023-08-22 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

LONDON — European stock markets were higher Tuesday after posting cautious gains to start the week. The Stoxx 600 index was 0.68% higher in early trade, with all sectors higher bar oil and gas, which dipped 0.1%. Higher bond yields generally mean lower stock prices. Thompson said bond market moves reflect a pushback on expectations for substantial Federal Reserve rate cuts next year, though opinion remains divided. U.S. stock futures nudged lower after the Nasdaq Composite and the S&P 500 snapped a four-day negative streak.

Persons: Rupert Thompson, CNBC's, Thompson Organizations: Technology, Ubisoft Entertainment, Microsoft, Activision Blizzard, Treasury, Kingswood Group, Nasdaq Locations: Asia, Pacific

☆ Europe stocks higher as UK homebuilders fall; China stimulus underwhelms
▼ + stars: | 2023-08-21 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

LONDON — European stock markets were higher on Monday after closing Friday at a six-week low. China's central bank cut its one-year loan prime rate by less than expected Monday, and left its five-year rate unchanged. Zoe Gillespie, chartered wealth manager at RBC Brewin Dolphin, said the moves showed a "lack of ambition," but that China faced a "tough play." There's a lot for central policymakers to do to their protect the currency and also stimulate the economy." Asia-Pacific stock markets traded mixed Monday, while U.S. stock futures were slightly lower.

Persons: Zoe Gillespie, it's, CNBC's, You've, Jackson, — Clement Tan Organizations: LONDON, RBC, People's Bank of China, Federal Locations: China, Asia, Pacific

☆ Stocks making the biggest moves midday: Walmart, CVS Health, Wolfspeed and more
▼ + stars: | 2023-08-17 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Cisco Systems — Shares of the computer networking giant added 4% after reporting earnings postmarket Wednesday that beat Wall Street's expectations. Adjusted earnings per share for its fiscal fourth quarter came in at $1.14, topping the $1.06 expected from analysts polled by Refinitiv. Revenue was $15.2 billion, compared with the $15.05 billion expected. The company reported adjusted earnings of $1.84 a share, ahead of the $1.71 expected by analysts polled by Refinitiv. Wolfspeed — Shares of the semiconductor developer dropped 16% following the company's earnings report after the bell Wednesday.

Persons: Mark Cuban's, Rosenblatt, Ball, Adyen, Wolfspeed, América, MSCI rebalance, —, Jesse Pound, Tanaya Macheel, Alex Harring, Samantha Subin, Michelle Fox Theobald Organizations: Cisco Systems —, Refinitiv, Revenue, Walmart, Refinitiv . Revenue, Street Journal, CVS, Blue, California, CVS Caremark, Amazon Pharmacy, FactSet . Investment, BAE Systems, Nasdaq, VinFast, Citi

☆ European markets climb on strong earnings ahead of key U.S. inflation print
▼ + stars: | 2023-08-10 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

LONDON — European markets were higher on Thursday as investors digested a fresh round of corporate earnings and looked ahead to a key U.S. inflation print that could provide hints about the Federal Reserve 's next monetary policy move. The pan-European Stoxx 600 index rose by 0.6% in early trade, with insurance adding 1.7% to lead gains while mining stocks fell 0.4% as the only sector in the red. The European blue chip index closed Wednesday's session up 0.4%, with oil and gas stocks adding 2.3% to lead gains as most sectors finished the day in positive territory. Stateside, stock futures were higher in early premarket trade after another negative session on Wall Street. Back in Europe, corporate earnings continue to roll in and influence individual share price action.

Persons: Dow Jones, Hong Organizations: Federal, Siemens, Zurich Insurance, Thyssenkrupp, Deutsche Telekom, HelloFresh Locations: U.S, London, Asia, Pacific, Europe

☆ European markets climb with inflation, Italian banks in focus
▼ + stars: | 2023-08-09 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

LONDON — European markets advanced on Wednesday, as traders digested China's disinflation and Italy's weakening of a surprise windfall tax on banks. The European blue chip index closed the Tuesday session 0.2% lower, with banks shedding 2.7% after the Italian government announced a surprise windfall tax on excess profits. Shares of Italian banks took a tumble on Tuesday as a result of a tax on net interest income announced on Monday. Citi analysts estimated that the levy represent around 19% of Italian lenders' net profits for the year. A Reuters poll of economists produced a consensus forecast for the July print of 3.3% year-on-year, up from 3% in June.

Persons: Hong Kong, Moody's Organizations: Novo Nordisk, Monday, Citi, Global, U.S, CPI, Federal, ABN Amro, TUI Locations: Stocks, China, Hong, Europe

☆ European markets open lower ahead of slew of earnings
▼ + stars: | 2023-08-01 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

LONDON — European markets opened lower on Tuesday as investors look ahead to a busy week of earnings after logging a winning month in July. The Stoxx 600 opened down 0.1%, with all major bourses and the majority of sectors trading in negative territory. Stateside, U.S. futures traded near the flatline after wrapping up a winning earnings month. Back in Europe, earnings are due from Euroapi, Uniper, Daimler Truck, DHL Deutsche Post, Covestro, BP, HSBC, Travis Perkins and Diageo. Euro zone unemployment data will also be posted.

Persons: Dow, Travis Perkins Organizations: P Global, Nasdaq, Daimler Truck, DHL Deutsche Post, BP, HSBC, Diageo Locations: Asia, Pacific, Europe, Euroapi, Covestro

☆ HSBC net profit more than doubles in the first half, announces $2 billion share buyback
▼ + stars: | 2023-08-01 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

Noel Quinn CEO of HSBC HoldingsNet interest income for the first half stood at $18.3 billion, 36% higher year-on-year, while net interest margin came in 46 basis points higher at 1.70%. Solid second quarterFor the second quarter alone, HSBC beat analysts' expectations to report an 89% jump in pre-tax profit in the second quarter. Pre-tax profit for the quarter ended in June was $8.77 billion, beating expectations of $7.96 billion. Net profit was $6.64 billion, beating the $6.35 billion expected in analysts' estimates compiled by the bank, jumping 27% compared to the same period a year before. Total revenue for the second quarter came in at $16.71 billion, 38% higher than the $12.1 billion seen in the same period a year ago.

Persons: Bertha Wang, Noel Quinn, CNBC's, Quinn, —, there's Organizations: Silicon Valley Bank, HSBC Holdings, Bloomberg, Getty, HSBC, HSBC —, Revenue Locations: France, Silicon, Hong Kong, U.K

☆ Europe markets open lower as investors look to euro zone inflation data
▼ + stars: | 2023-07-31 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

LONDON — European markets were lower Monday as investors digest a heavy week of earnings and look ahead to euro zone inflation data and a key policy decision from the Bank of England. Food and beverage stocks were 0.9% lower in early deals, while oil and gas stocks were up 0.3%. Preliminary euro zone inflation data will be released at 11:00 a.m. CET, with a further fall from June's 5.5% expected to provide some relief for policymakers. The European Central Bank's Christine Lagarde signaled last week that the bank was "open minded" about whether it would raise rates in September as inflation shows signs of easing. The move would mark its 14th consecutive rise as U.K. inflation remains high, having fallen only slightly to 7.9% in June.

Persons: Christine Lagarde, France's Legrand, Pearson Organizations: Bank of England, Bank of Japan, Nikkei, Nasdaq, Heineken Locations: June's, Asia, Pacific, Europe, Netherlands

☆ Europe stocks dip at open on Fed decision day; Rolls-Royce up 20% after raising profit guidance
▼ + stars: | 2023-07-26 | by ( Jenni Reid | ) www.cnbc.com time to read: 1 min

LONDON — European stock markets were slightly lower early Wednesday amid a slew of earnings and ahead of the latest monetary policy update from the U.S. Federal Reserve. The benchmark Stoxx 600 index was 0.1% lower, with sectors spread across losses and gains. France's CAC 40 fell 0.77% as luxury goods behemoth LVMH fell 3.6% after reporting a surprise slowdown in U.S. sales after the market close on Tuesday. Banks nudged 0.1% higher as Deutsche Bank and UniCredit both beat expectations, while British aerospace and defense firm Rolls-Royce soared 20% higher after it hiked its profit forecast for the year.

Persons: LVMH, Banks, Royce Organizations: U.S . Federal Reserve, CAC, Deutsche Bank

☆ European stocks cautious, with earnings and central banks in focus
▼ + stars: | 2023-07-25 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

LONDON — European markets were muted as investors assessed economic data and corporate earnings, while gearing up for a big week of central bank meetings . The pan-European Stoxx 600 index hovered just below the flatline in early trade, with mining stocks jumping 2.7% while health care stocks fell 1%. Global investors are navigating a busy week of corporate earnings and central bank meetings. The European Central Bank meets on Thursday, when policymakers are expected to announce a 25 basis point rate hike and offer guidance for the final stages of their efforts to fight inflation. It's another bumper day for earnings stateside, with Microsoft , Google parent Alphabet , Spotify and General Motors all due to report.

Persons: Hong Organizations: Global, European Central Bank, Unilever, Deutsche, Dow Jones, Microsoft, Google, General Motors, U.S . Federal Locations: France, Germany, Europe, Italgas ., Asia, Pacific

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