Poor PMIs wipe week's gains off global shares

LONDON (Reuters) – Global shares erased this week’s gains on Thursday after weak manufacturing surveys from Asia and Europe stoked fears of a widespread slowdown in growth, adding to profit-taking ahead of the long Easter weekend. French and German surveys of purchasing managers in the manufacturing sector for April showed activity continuing to contract, hitting European stocks in early trade. […]

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Germany set to further slash 2019 growth forecast

BERLIN (AFP) – Berlin is set to further lower its economic growth forecast on Wednesday (April 17) as Europe’s largest economy cools off, but ministers are unlikely to bend to foreign demands to boost activity with extra government spending. According to media reports, the German government will unveil figures predicting gross domestic product (GDP) will increase by just 0.5 per […]

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European shares tick higher as bank stocks lead gains

(Reuters) – European shares edged higher in quiet trading on Monday, with bank stocks leading the gains, as Sino-U.S. trade optimism and strong Chinese economic data eased some worries over the global economy. By 0932 GMT, the pan-European STOXX 600 index was up 0.1 percent, hovering near eight-month highs. The banks-heavy Italian and Spanish indices led the gains. Mark Taylor, […]

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IMF chief says Brexit delay averts 'terrible outcome'

WASHINGTON (Reuters) – The six-month delay of Britain’s exit from the European Union avoids the “terrible outcome” of a “no-deal” Brexit that would further pressure a slowing global economy but does nothing to lift uncertainty over the final outcome, the head of the International Monetary Fund said on Thursday. Moreover, the just-struck arrangement would not resolve the issues between Britain […]

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Eurozone Investor Confidence At 4-month High: Sentix

Eurozone investor confidence strengthened for a second straight month to its highest level in four months, while morale weakened sharply in Germany to its lowest level since 2012, survey data from the behavioral finance research group Sentix showed on Monday. The Sentix investor confidence index for the euro area climbed to -0.3 from -2.2 in March. Economists had forecast a […]

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Oil scores best run in three years as dollar, stocks tread water

LONDON (Reuters) – Signs of a stabilisation in China’s giant economy and a soggy dollar helped oil markets cement their best run for more than three years on Friday, though stocks weren’t buoyed much after spending most of the week treading water. There was a late flurry of activity, mostly from emerging markets. China’s data showing exports rebounded nicely last […]

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The Latest: Germany says delay aims to avoid no-deal Brexit

British Prime Minister Theresa May, right, walks away after speaking with the media after she arrives for an EU summit at the Europa building in Brussels, Wednesday, April 10, 2019. European Union leaders meet Wednesday in Brussels for an emergency summit to discuss a new Brexit extension. (AP Photo/Olivier Matthys) The Latest on Britain's departure from the European Union (all […]

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Airline stocks lift European equities after Brexit delay

LONDON (Reuters) – Airline stocks helped European shares advance on Thursday after European Union leaders gave Britain another six months to leave the bloc, while sterling simply shrugged. Gains for airlines from easyJet to Lufthansa helped European indexes gain 0.2 percent, with the EU’s Brexit extension to Oct. 31 clearing some of the uncertainty previously clouding the key summer holiday […]

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