EU airlines face strikes, struggle to find workers post-covid summer travel

Some airlines and airports are struggling with the post-covid demand for travel. Anadolu Agency | Anadolu Agency | Getty Images LONDON—Delays, cancellations and strikes. It’s been a messy time for many European tourist hotspots as airlines and airports struggle to cope with pent-up travel demand after Covid-19 lockdowns. Thousands of flights have been canceled and … Read more

European markets open to close, data, earnings, G-7, Ukraine

LONDON — European stocks moved higher on Monday, continuing a positive trend seen at the end of last week’s trading. The pan-European Stoxx 600 index added 0.7% in early trade, with basic resources jumping 2.9% to lead gains as all sectors and major bourses entered positive territory. The higher open on Monday comes after the … Read more

European stocks open to close as recession fears continue

LONDON — European stocks were lower Thursday, as global markets see renewed volatility after a brief recovery following last week’s tumultuous trading. The pan-European Stoxx 600 dropped 0.5% by late morning, having recovered more than half of its earlier losses. Banks fell 1.5% while travel and leisure stocks gained 1.1%. In terms of individual share … Read more

‘The pain will go on’

Ray Dalio, Bridgewater Associates, Founder, Co-Chairman & Co-CIO, at the WEF in Davos, Switzerland on May 24th, 2022. Adam Galica | CNBC Billionaire investor Ray Dalio is right to have bet against European stocks, and global markets still have a rough road ahead, according to Beat Wittmann, partner at Zurich-based Porta Advisors. Dalio’s Bridgewater Associates … Read more

Europe markets open to close after ECB meeting; U.S. inflation data ahead

LONDON — European stocks fell further on Friday as investors digested the European Central Bank’s latest policy meeting and looked ahead to a key US inflation print. The pan-European Stoxx 600 dropped 1.2% in early trade, with travel and leisure stocks shedding 1.7% to lead losses as all sectors and major bourses slid into negative … Read more

European stocks open to close, data WEF, Fed minutes

LONDON — European stocks are expected to open mixed Thursday as markets digest the latest signals from the US Federal Reserve regarding rate hikes. The UK’s FTSE index is seen opening 4 points lower at 7,526, Germany’s DAX up 7 points at 14,040, France’s CAC 40 up 2 points at 6,310 and Italy’s FTSE MIB … Read more

Strategist says market may become a ‘meat-grinder of forlorn hope’

LONDON – Investors looking for value in the stock market during the ongoing downturn may be “deluding themselves,” according to Sean Corrigan, director at Cantillon Consulting. Fears that central banks will have to hike interest rates aggressively to curb inflation — at the risk of quashing growth as the global economy suffers concurrent hits from … Read more

investors look ahead to U.S. inflation data for April

LONDON — European stocks advanced on Wednesday morning as investors looked ahead to the latest inflation reading. The pan-European Stoxx 600 added 1.2% by mid-morning. Autos jumped 2.9% to lead gains as all sectors traded in positive territory except health care, which fell 0.9%. The positive morning in Europe came after choppy trading sessions in … Read more

European markets climb as global stocks look for rebound; Swedish Match up 24%

LONDON — European stocks advanced on Tuesday as global markets looked to rebound from a broad sell-off in recent days, prompted mainly by concerns about inflation and rising interest rates — and the potential for a global recession. The pan-European Stoxx 600 added 0.9% in early trade, with construction and material stocks climbing 2.3% to … Read more

European stocks retreat as global markets rattled over inflation; Stoxx 600 down 1.5%

LONDON — European stocks pulled back on Monday, tracking negative sentiment globally as investors continued to mull over persistently high inflation. The pan-European Stoxx 600 slipped 1.5% by late morning, with basic resources shedding 3.6% to lead losses as all sectors and major bourses slid into negative territory. The risk aversion for European markets comes … Read more