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☆ Europe stocks head for mixed open ahead of central bank meetings; Standard Chartered announces $1.5 billion buyback
▼ + stars: | 2024-07-30 | by ( Jenni Reid | ) www.cnbc.com time to read: 1 min

LONDON — European markets are set to see a mixed start to Tuesday, as earnings continue to dominate stock action and investors brace for U.K. and U.S. central bank decisions. The U.K.'s FTSE 100 index is seen slipping just below the flatline, according to IG data, while France's CAC 40 and Germany's DAX rise just 8 and 21 points, respectively. U.K. bank Standard Chartered announced its biggest-ever share buyback, of $1.5 billion, as it raised its outlook in half-year results. Oil major BP hiked its dividend as it beat second-quarter earnings estimates.

Persons: Germany's DAX Organizations: CAC, Chartered Locations: U.S

☆ Stellantis to offer broad buyouts to U.S. salaried workers, warns of possible layoffs
▼ + stars: | 2024-07-30 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

CEO of auto giant Stellantis Carlos Tavares speaks to journalists during a joint media event by Stellantis and Leapmotor in Hangzhou, in eastern China's Zhejiang province on May 14, 2024. DETROIT – Automaker Stellantis plans to once again reduce its U.S. employee headcount through a broad voluntary buyout, as the company attempts to reduce costs and boost profits. The company, which reported disappointing first-half results last week, said if not enough employees participate in the buyout program, involuntary terminations could follow. Stellantis confirmed the buyout program, which was first by Automotive News, early Tuesday afternoon. Stellantis last conducted a voluntary buyout program in November, offering the deals to roughly half of its U.S. white-collar employees.

Persons: Carlos Tavares, headcount, Stellantis, excessiveness, Tavares Organizations: DETROIT –, U.S, Automotive News, Fiat Chrysler, France's PSA Groupe, CNBC Locations: Leapmotor, Hangzhou, China's Zhejiang province, Italy

☆ How to think like an Olympian and develop a winner’s brain
▼ + stars: | 2024-07-30 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +12 min

Not only do Olympic athletes tone their bodies into near perfection; they hone their minds as well. Researchers have studied Olympians for decades and found they share some common traits, habits and qualities that you too can use to develop a winner’s mindset. Greece's Giannis Antetokounmpo dunks the ball in the men's preliminary round during the Paris 2024 Olympic Games. Banish self-doubtThere is no room for doubt in the minds of Olympic athletes, according to Gould. Italy's Sofia Goggia takes part in the women's downhill third training session during the Beijing 2022 Winter Olympic Games.

Persons: CNN —, ”, Jeff Brown, Brown, Dan Gould, Gould, ” Gould, Greece's Giannis Antetokounmpo, Kelly McGonigal, “, McGonigal, you’ve, ” Simone Biles, ” Brown, we’re, Simone, ” Ahtziri Sandoval, Tom Weller, VOIGT, I’ve, Italy's Sofia Goggia, Fabrice Coffrini, it’s, Trinity Rodman, Alexandra Popp, Brad Smith, don’t, Spain's Maria Xiao, Wang Zhao, France's Léon Marchand, Manan Vatsyayana, I’m, they’re Organizations: CNN, Harvard Medical School, Boston Marathon, Institute for, Youth Sports, kinesiology, Michigan State University, US Olympic Committee, United States Tennis Association, Research, Getty, Team Mexico, Olympic, Italy's, ”, Paris, Paris Games Locations: England, Beijing, AFP, United States, Germany

☆ French telecoms network hit by vandalism within days of arson attacks against national railways
▼ + stars: | 2024-07-29 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Normal train service had resumed on the French rail network by Monday — when authorities reported damage to telecoms infrastructure, which caused local power outages and raised the specter of further national disruption. Secretary of State for Digital Affairs Marina Ferrari that France's telecoms network was experiencing isolated outages due to damage carried out overnight in several regions. It was not immediately clear whether vandalism to the telecoms network was connected to the damage and arson carried out on the rail network last week. Disclosure: CNBC parent NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics is the U.S. broadcast rights holder to all Summer and Winter Games through 2032.

Persons: —, State for Digital Affairs Marina, Ferrari, Dmitry Peskov, Gerald Darmanin, Darmanin Organizations: Paris, Olympics, State for Digital Affairs, CNBC, NBCUniversal, NBC Sports, NBC Olympics, NBC, Games Locations: Vandieres, France, Paris, Russia, U.S

☆ Olympians are calling the food in Paris a 'disaster' — and one team is flying in its own chef
▼ + stars: | 2024-07-29 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Athletes and team officials are no fans of the cuisine at the Paris Olympics. With a lack of protein and raw meat, Great Britain said it was flying in another private chef. The CEO of Paris 2024 acknowledged 'adjustments' — including a lot more eggs and meat. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The UK team has had to resort to flying in another private chef to Paris due to a lack of protein and raw meat being served at the Olympic Village, Andy Anson, the CEO of the British Olympic Association, told The Times.

Persons: —, Olympics hasn't, Andy Anson Organizations: Paris, Service, Paris Olympics, Olympics, British Olympic Association, Times, Business Locations: Great Britain, Germany, Paris

☆ France put its own unique spin on the Olympic cauldron — here's why the ceremonial moment is such a big deal for fans
▼ + stars: | 2024-07-29 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +1 min

The Olympic cauldron was set alight, symbolizing the opening of the games. The ceremonial moment is a big deal for Olympics fans and each host country puts their own spin on it. AdvertisementThe lighting of the Olympic cauldron symbolizes the opening of the Olympic Games. Each ceremony puts its own spin on the ceremonial lighting, and France had its turn on Friday. The Olympic cauldron for the 2024 Paris Olympics is a floating hot-air balloon-style structure that pays tribute to France's history of innovation in air travel.

Persons: — Organizations: Olympics, Service, Olympic, Business Locations: France

CNN —France is still facing travel disruption a day after saboteurs targeted high-speed railway lines in an attack coinciding with the start of the Olympics. They recovered an “amount of evidence” following the operation, Darmanin told CNN affiliate France 2. Authorities should not rule out industrial espionage, Persson told CNN on Friday, saying that a railway staffer, or someone who built the tracks including construction workers, could also be to blame. Railway staff and police work to repair one of several sites where vandals targeted France's high-speed train network, in the northern villege of Croisilles, on Friday. CNN has previously reported on a host of suspected Russian attacks across Europe.

Persons: Gabriel Attal, Gerald Darmanin, Darmanin, Axel Persson, Persson, ”, Jean, Pierre Farandou, “ don’t, Brian Snyder, Emmanuel Macron, Dmitry Peskov, Dale Buckner Organizations: CNN —, French, CNN, France, Olympic, CGT, Employees, SNCF, Environmental, Railway, Police, Kremlin, Games, Global Guardian, CNN France Locations: CNN — France, French, France, Kyiv, Ukraine, Russia, Russian, Paris, Europe

☆ French rail network hit by 'acts of sabotage' in latest transport woes for Paris during the Olympics
▼ + stars: | 2024-07-26 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

Read previewFrance's rail network has been hit by a series of "malicious acts" that have damaged transport routes leading to the capital, causing cancellations and disruption just hours before the Paris Olympics opening ceremony. AdvertisementThough several Olympic events are being held outside Paris, Attal highlighted the impact on French families leaving for vacation this weekend rather than on the Olympics. Michel Euler/ APThe attacks also add more pressure to concerns over whether Paris' transport infrastructure can manage the Olympic crowds. Officials promised to reinvigorate the transport system after Paris won the Olympic bid. But, in November 2023, the mayor of Paris said there were parts of the city where "transport will not be ready and there will not be enough trains," according to French radio network RFI.

Persons: —, Gabriel Attal, Attal, Brian Snyder, Michel Euler, Jimmy Brun, France24 Organizations: Service, SNCF, Business, South, Lille, Railway, Reuters, Eurostar, Paris, RFI, Paris Metro, Paris's Metro, Bloomberg Locations: Atlantique, Northern, Paris, Bordeaux, France, Strasbourg, Germany, London, Seine, Paris's

☆ Forget the Eiffel Tower and the Louvre — here's what you need to do in Paris, according to someone who's been a dozen times.
▼ + stars: | 2024-07-26 | by ( Kelly Magyarics | ) www.businessinsider.com time to read: +7 min

Read previewI've traveled around the world, but even after a dozen visits, Paris remains my favorite city. The Eiffel Tower is iconic, but the view from the Montparnasse Tower is equally stunningThe Montparnasse Tower offers panoramic views of Paris. AdvertisementBut if I were looking for Instagrammable views of Paris' most famous landmark, I'd head to the Montparnasse neighborhood. The rooftop terrace atop Paris' only skyscraper, Montparnasse Tower, has 360-degree city views and tons of space to spread out. It's scheduled to open later this year, and it's a must-see if you're visiting Paris for the first time.

Persons: —, I've, shomos uddin, Mona Lisa, Musée, Venus de Milo, Napoleon, Monet, Manet, Renoir, Les Catacombes, Miguel Sánchez Villafán, Jim Morrison's, I'd, Les, you've, Le, Le Mary Celeste, It's, Breizh Café, Kelly Magyarics Organizations: Service, Business, Eiffel, Gare d'Orsay, Cambridge Public House, Paris, Notre, Dame, Dame Cathedral, pes, Bretagne Locations: Paris, Montparnasse, d'Orsay, Musée d'Orsay, Gare, Père Lachaise, Le Marais, La, Montmartre, Brittany, France

☆ France's high-speed rail network hit by arson attacks, canceling trains ahead of Olympics
▼ + stars: | 2024-07-26 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

French train services were canceled and delayed on Friday, after the nation's high-speed rail network faced a series of "malicious" acts overnight, including arson, just ahead of the opening of the Olympic Games in Paris. Railways operator SNCF said in a statement that its network had experienced several concurrent attacks on Thursday night, with fire damaging its facilities. The high-speed LGV Atlantique line was hit, along with northern and eastern lines, causing knock-on disruption that the operator expected will impact hundreds of thousands of people. "Following this massive attack aiming to paralyze the high-speed line network, a large number of trains were diverted or canceled," SNCF said, according to a CNBC translation, advising those who are able to not to travel to the station. The impact also hit international Eurostar services, which connect the U.K., France, Belgium, the Netherlands and Germany.

Organizations: Paris, Olympic Games, SNCF, Atlantique, CNBC, Eurostar, Lille Locations: Gare Montparnasse, Paris, Paris . Railways, Paris's, France, Belgium, Netherlands, Germany

☆ After my first long-distance relationship failed, I vowed never to do it again. Then I met another foreign guy online.
▼ + stars: | 2024-07-25 | by ( Dena Roché | ) www.businessinsider.com time to read: +5 min

However, this guy reaching out was from Switzerland, a country I swore I would never set foot in again. On assignment as a travel journalist, I met a man while covering a story in Switzerland in 2017. What I thought would be a fun week turned into a three-year international long-distance relationship. You can't date long-distance forever. When the relationship ended, I vowed never to date internationally again and had no plans to return to Switzerland.

Persons: —, It's, Dena Roché, We've Organizations: Service, Business Locations: Switzerland, Rome, London, Havana, Paris, Zurich, Phoenix, Arizona, France, France's, Swiss

☆ Europe stocks set to open lower amid global downturn; earning season ramps up
▼ + stars: | 2024-07-25 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

The Unilever headquarter building seen by the Nieuwe Maas river in Rotterdam. LONDON — European markets are heading for a lower open Thursday, with a flurry of corporate earnings and a selloff on Wall Street in focus. The U.K.'s FTSE 100 was last seen opening 19 points lower at 8,132 points, according to IG data, with Germany's DAX and France's CAC 40 down by 80 points and 45 points, respectively. The pan-European Stoxx 600 index closed 0.6% lower on Wednesday as second-quarter earnings season ramped up. Data will be released on German consumer confidence and euro zone and U.K. business activity, ahead of next week's euro zone gross domestic product second-quarter print.

Persons: Germany's DAX, carmakers Stellantis, Roche Organizations: Unilever, LONDON, CAC, MIB, Nestle, carmakers, Renault, Nasdaq, Deutsche Bank, Nikkei, U.S, Reuters, Bank of Locations: Rotterdam, Swiss, U.S, Asia, Pacific, Bank of Japan

☆ European markets to open lower as investors weigh regional bank and U.S. tech earnings
▼ + stars: | 2024-07-24 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

LONDON — European markets are set to open lower on Wednesday as earnings season ramps up. The U.K.'s FTSE 100 was last expected to open 25 points lower at 8,137, while Germany's DAX was set to shed 76 points to 18,472 and France's CAC 40 was expected to open 54 points lower at 7,540. Italy's MIB index was set to to open 62 points lower at 34,799. Deutsche Bank , UniCredit, BNP Paribas and Banco Santander are among the European banks reporting earnings on Wednesday, alongside Easyjet , Iberdrola and Orange. On the data front, flash purchasing managers' index data is due to be released in the U.K. and the euro zone.

Persons: Germany's DAX, Easyjet Organizations: Citigroup Inc, State Street Corp, Barclays Plc, HSBC Holdings Plc, CAC, Deutsche Bank, BNP, Banco Santander Locations: Wharf, UniCredit, Iberdrola, Orange, Germany

☆ Salt Lake City to host 2034 Winter Games while French Alps get tentative 2030 nod
▼ + stars: | 2024-07-24 | by ( David K. Li | ) www.cnbc.com time to read: +3 min

International Olympic Committee President Thomas Bach with Salt Lake City Utah delegation members after it was announced that Salt Lake City Utah will be the location for the 2034 Winter Olympics. PARIS — The Winter Games will make a return visit to Salt Lake City in 2034 while the 2030 Olympics were tentatively set for the French Alps, officials said Wednesday. "The last 10 days of my life were totally unexpected," Fraser Bullock, head of the Salt Lake City bid, told NBC affiliate KSL minutes after the vote for Salt Lake City. But with an 83-6 vote for Salt Lake City to host, Bullock said he believes the IOC has total confidence in 2034 organizers. The naming of Salt Lake City and French Alps as the next two winter sites had been in the works for months, with only moderate concerns rooted in France's snap elections.

Persons: Thomas Bach, PARIS —, Spencer Cox, Erin Mendenhall, Peacock, Fraser Bullock, Bullock, Utahans, Kaitlin Eskelson, it's, Emmanuel Macron Organizations: Olympic, Utah Gov, Olympic Committee, Winter, IOC, Doping Agency, U.S, NBC, KSL, Washington, Eccles, University of Utah, United Locations: Salt Lake City Utah, PARIS, Salt Lake City, Salt Lake, Paris, Tokyo, Utah, Rice, United States, Lake Placid, Squaw, France, Chamonix, Grenoble, Albertville, French

☆ Men’s basketball at the 2024 Paris Olympics: NBA player list, how to watch and Team USA’s top threats
▼ + stars: | 2024-07-24 | by ( Mike Prada | ) www.nytimes.com time to read: +16 min

The 2024 men’s Olympic basketball tournament at the Paris Games is overflowing with star power — and not just from Team USA. Even South Sudan, the lowest-ranked team in the tournament, proved its mettle by nearly upsetting Team USA in a tune-up matchup last weekend. White was a member of the 2019 FIBA World Cup team, while Edwards and Haliburton made their debuts at the 2023 FIBA World Cup. Twenty-seven of the 30 NBA teams will have at least one player participating in this tournament. Can Team USA do it again in 2024?

Persons: Seth, Giannis Antetokounmpo’s, LeBron James, Stephen Curry, Nikola Jokić, Team USA’s, Pierre Mauroy, It’s, James, Joel Embiid, Joel, Grant Hill, Curry, Embiid, Kevin Durant, Anthony Davis, Jayson Tatum, Kawhi Leonard, Anthony Edwards, Devin Booker, Bam Adebayo, Tyrese Haliburton, Leonard, Boston Celtics ’ Derrick White, Durant, Haliburton, Tatum, Holiday, Booker, Adebayo, Embiid Curry, Tatum James, Edwards Booker, Edwards, Davis, Jordi Fernandez, Shai Gilgeous, Alexander, he’s, Jamal Murray, Dillon Brooks, RJ Barrett, Zach Edey, Dwight Powell, Kelly Olynyk, Victor Wembanyama, Wembanyama, Rudy Gobert, Bogdan Bogdanović, They’ll, Dennis Schröder, Franz Wagner, Antetokounmpo, Patty Mills, Joe Ingles, Matthew Dellavedova, Josh Giddey, Josh Green, Dyson Daniels, — Rudy Fernández, Willy Hernangomez, Santi Aldama, we’re, Bruno Caboclo, ESPN’s Fran Fraschilla, Jose Alvarado —, Rui Hachimura, Luol Deng, Dante Exum, Jock Landale, Duop, Gui Santos, Luguentz Dort, Andrew Nembhard, Nickeil Alexander, Walker, Trey Lyles, Evan Fournier, Nicolas Batum, Bilal Coulibaly, Mo Wagner, Daniel Theis, Giannis Antetokounmpo, Jose Alvarado, Nikola Jović, Vasilije Micić, JT Thor, Usman Garuba, ’, We’ll, Giuseppe Cacace Organizations: Paris Games, Paris, Team USA, Luka Dončić’s, France, Germany, USA, Australia, CNBC, Team, Serbia, Pierre, Bercy Arena, NBA, NBC, South, Telemundo, Universo, The Philadelphia 76ers, U.S, USA Basketball, Tyrese, Boston Celtics, Embiid, BetMGM, Brooklyn Nets, Jordi Fernandez . Oklahoma City Thunder, Denver Nuggets, Houston Rockets, Toronto Raptors, Grizzlies, San Antonio Spurs, Minnesota Timberwolves, Atlanta Hawks, FIBA, Veteran NBA, Orlando Magic, Bahamas, New Orleans Pelicans, Los Angeles Lakers, Cleveland Cavaliers, Utah Jazz, New York Knicks, Timberwolves, Blazers, Mavericks, Spurs, Pistons, Tominaga, Pelicans, Olympic Locations: Giannis Antetokounmpo’s Greece, Luka Dončić’s Slovenia, London, Abu Dhabi, U.S, Canada, Serbia, South Sudan, Spain, Lille, France, Paris, Australia, Spain Germany, Japan France, Brazil Greece, Sudan, Puerto Rico Serbia, Greece Canada, Australia Japan, France Brazil, Germany, Puerto Rico, Serbia USA, Japan, Brazil Australia, Spain France, USA Serbia, USA, Greece, Brazil, Cameroon, Edwards, Tokyo, Haliburton, Holiday, Jordi Fernandez ., Nigeria, Valencia, ” Puerto Rico, Tremont Waters, . Puerto Rico

☆ European markets set for mixed open ahead of batch of earnings reports
▼ + stars: | 2024-07-23 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

A consumer selects vegetables at a supermarket on March 12, 2024 in Berlin, Germany. LONDON — European stocks are expected to open in mixed territory on Tuesday as investors await the latest earnings reports from regional companies. The U.K.'s FTSE index is expected to open 12 points lower at 8,192, Germany's DAX up 76 points at 18,490, France's CAC 40 up 18 points at 7,639 and Italy's FTSE MIB up 122 points at 34,984, according to data from IG. European markets will be assessing the latest earnings from Givaudan, Thales, Alstom, Norsk Hydro, AkzoNobel, Banco de Sabadell, Randstad, Enagas and LVMH on Tuesday. Hungary will announce its latest interest rate decision and data releases include Dutch and Irish consumer confidence figures.

Persons: Germany's DAX Organizations: LONDON, CAC, IG, Thales, Alstom, Norsk Hydro, Banco, Banco de Sabadell Locations: Berlin, Germany, Givaudan, AkzoNobel, Banco de, Randstad, LVMH, Hungary

☆ European markets set to open higher as traders assess U.S. political landscape
▼ + stars: | 2024-07-22 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

In this photo illustration showing a screen, current US President Joe Biden is seen speaking from the Roosevelt Room of the White House in Washington. President Biden and Vice President Harris held a briefing to discuss the incident and express support for Donald Trump. LONDON — European stocks are expected to open higher as global markets react to the news that U.S. President Joe Biden had dropped out of the U.S. presidential race. The U.K.'s FTSE index is seen opening 24 points higher at 8,163, Germany's DAX up 9 points at 18,166, France's CAC 40 up 18 points at 7,538 and Italy's FTSE MIB 21 points higher at 34,338, according to data from IG. Global traders are watching the U.S. political landscape closely after Biden dropped out of the presidential race on Sunday and endorsed Vice President Kamala Harris as the Democratic nominee.

Persons: Joe Biden, Roosevelt, Biden, Harris, Donald Trump, Germany's DAX, Kamala Harris Organizations: White, LONDON, U.S, CAC, IG, Global, Democratic Locations: Washington

☆ European markets set to open higher ahead of ECB rate decision
▼ + stars: | 2024-07-18 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

The U.K.'s FTSE 100 was last seen up 40 points at 8,231, Germany's DAX 15 points higher at 18,464 and France's CAC up 7 points at 7,590. LONDON — European markets were headed for a higher open on Thursday as investors awaited the European Central Bank's interest rate decision. Asia-Pacific markets tumbled on the news from the chip sector overnight, with Japan's Nikkei 225 declining more than 2%. Back in Europe, the European Central Bank is expected to announce its latest interest rate decision Thursday. Markets are widely expecting the central bank to leave rates unchanged, but investors are hoping for guidance on the path ahead for monetary policy.

Persons: Boris Roessler, Germany's DAX Organizations: Getty, CAC, MIB, LONDON, Tech, Japan's Nikkei, Nasdaq, European Central Bank, Novartis, Volvo, Ubisoft, Nokia Locations: Hesse, Frankfurt, U.S, Asia, Pacific, Europe

☆ Unclear whether leader of France's left-wing coalition will be pro-Macron, says professor
▼ + stars: | 2024-07-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUnclear whether leader of France's left-wing coalition will be pro-Macron, says professorDouglas Yates, professor at the American Graduate School in Paris, discusses ongoing negotiations within France's left-wing New Popular Front coalition to nominate a new prime minister.

Persons: France's, Douglas Yates Organizations: American Graduate School, Popular Front Locations: Paris

☆ Europe heads for mixed open as markets digest Powell's comments on cutting rates
▼ + stars: | 2024-07-16 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

U.S. Federal Reserve Chair Jerome Powell speaks at a news conference on interest rates, the economy and monetary policy actions on June 15, 2022. LONDON — European stocks are expected to open in mixed territory Tuesday as investors assess the economic and political outlook in the region and beyond. The U.K.'s FTSE index is seen opening 15 points lower at 8,164, Germany's DAX down 19 points at 18,580, France's CAC 40 up 7 points at 7,633 and Italy's FTSE MIB down 31 points at 34,493, according to data from IG. Global markets are digesting dovish comments from U.S. Federal Reserve Chair Jerome Powell in which he said the central bank will not wait until inflation hits 2% to cut interest rates, as the Fed's policy works with "long and variable lags." So, "if you wait until inflation gets all the way down to 2%, you've probably waited too long," he said Monday.

Persons: Jerome Powell, Germany's DAX, you've Organizations: Federal, LONDON, CAC, IG, Global, U.S . Federal Locations: U.S

☆ European stocks set for lower open as markets assess impact of Trump assassination attempt
▼ + stars: | 2024-07-15 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

LONDON — European stocks are expected to start the week lower as global markets assess the impact an assassination attempt on former U.S. President Donald Trump at a rally over the weekend. The U.K.'s FTSE index is seen opening 14 points lower at 8,239, Germany's DAX down 55 points at 18,711, France's CAC 40 down 27 points at 7,706 and Italy's FTSE MIB down 92 points at 34,645, according to data from IG. European stocks are set to follow the trend set in Asia-Pacific overnight, where markets mostly fell as China's gross domestic product data missed expectations and as investors also assessed the impact of the assassination attempt on Trump. President Joe Biden addressed the nation from the White House on Sunday and condemned all political violence and called for unity. Meanwhile, Trump has said his speech at the Republican National Convention will now focus on national unity, instead of targeting Joe Biden's policies.

Persons: Donald Trump, Germany's DAX, Joe Biden, Trump, Joe Biden's Organizations: CAC, IG, Trump, White, Republican National Convention, House Locations: Asia, Pacific

☆ Europe markets head for higher open as more U.S. inflation data rolls in
▼ + stars: | 2024-07-12 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Skyscrapers in the La Defense business and financial district in Paris, France, on Monday, June 3, 2024. LONDON — European stocks are set to nudge higher at Friday's open, defying a broader global selloff, with fresh inflation data set to land. Reaction to the historic French and U.K. elections dominated the start of the week, but attention has moved to a flurry of inflation data. On Thursday, the U.S. consumer price index declined more than expected to 3% annually, down from 3.3% in May. The data will be followed up by the U.S. producer price index Friday, while German, French and Italian inflation readings will also be released.

Persons: Germany's DAX, Jerome Powell Organizations: La Defense, LONDON, MIB, CAC, Federal Locations: Paris, France, U.S

☆ Macron breaks his silence on France's election earthquake as post-vote deadlock continues
▼ + stars: | 2024-07-11 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +2 min

French President Emmanuel Macron broke his silence on the political earthquake that took place in France last weekend, calling on mainstream parties to work together to form a coalition government. In an open letter to regional newspapers on Wednesday, Macron said "no one won" the parliamentary election and called on mainstream parties with "republican values" to form a governing alliance. With just 180 seats, the NFP fell short of achieving an absolute majority of 289 in the 577-seat National Assembly, France's lower house of parliament. Macron's centrist 'Together' bloc came second in the ballot with 163 seats, and RN and its allies won 143 seats. They can reject the nomination of a party, if it's not seen to have enough seats to form a stable government.

Persons: Emmanuel Macron, Macron, France's, That's, Luc Mélenchon —, it's Organizations: CNBC, Front, NFP, National Assembly, French Communist Party, Socialist Party, Greens, France Unbowed Locations: France, Le Touquet

☆ European stocks head for higher open as markets look ahead to U.S. inflation data
▼ + stars: | 2024-07-11 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

The UK economy has reportedly seen faster growth than initially estimated in early 2024. LONDON — European stocks are expected to open higher Thursday as global markets look ahead to the next U.S. inflation reading. Thursday's inflation report could cement expectations that the U.S. Federal Reserve will cut interest rates in the coming months. Recent economic releases have suggested that inflation and economic growth are both cooling, including last week's report that unemployment in June ticked up to 4.1%. The consumer price index report for June will be released at 8:30 a.m.

Persons: Germany's DAX Organizations: City of, LONDON, CAC, IG, U.S . Federal Locations: Bishopsgate, City, City of London

☆ Repealing pension reform will hurt French markets, professor says
▼ + stars: | 2024-07-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRepealing pension reform will hurt French markets, professor saysPhilippe Aghion, professor at Collège de France, discusses several options for France's political future, weighing the economic plans put forward by varying parties.

Persons: Philippe Aghion Organizations: Collège de Locations: Collège, Collège de France

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