European Market

The index is under pressure after the Bank of England accelerated the pace of tightening on Thursday, in response to the latest hot inflation report

Wednesday’s increase in core inflation forced the UK central bank to a more forceful 0.5% increase today and although it did not commit to more tightening, backing down looks very hard

The ECB has lifted its main refinancing rate and deposit rate by 25bps to 4% and 3.5% respectively. This was in line with market expectations. The central bank is in on shaky ground given that the region is in technical recession. However, the ECB is firmly focusing on its fight against inflation. EU core inflation has shown signs of moderation lately (green arrow), but its rate of change (ROC) is…

The GER30 has moved into its bullish channel.

EV makers are facing an adverse economic environment, but the market is set for continuing growth. As the next earnings season approaches, EV leader Tesla is well positioned to maintain its reign, but faces increasing competition from companies such as Ford, BYD and more

The German economy contracted over the last two quarters, which is defined as a technical recession. Q1 GDP, revised a second time, came in at -0.3%. This follows Q4 2022’s GDP of -0.5%. Germany has faced considerable challenges following Russia's invasion of Ukraine and the subsequent choice made by European leaders to sever relations with Moscow.

Headline Inflation decelerated sharply in April as Wednesday’s data showed, but remains elevated and the core surged, keeping pressure on the Bank of England for more monetary tightening and harming the UK index

On Friday, during a panel discussion, Fed Chair Powell suggested that rates may not climb as much as expected due to credit tightening. Other Fed speakers suggest that FOMC members are developing diverging views. China data hints at a slowing momentum in recovery and EU CPI is still too high. This week sees two more inflation data points – core PCE on Friday and UK inflation on Wednesday. Wednesday will…

Popular low-cost airline group Ryanair released strong top and bottom line results for FY2023 (period ended March 31), with robust summer demand eyed

The British luxury fashion brand reported solid financial results today for FY2023, with Revenue rising 10% y/y, helped by a sales acceleration in China during the first quarter of the current year

On Monday, European regulators granted approval to Microsoft's proposed acquisition of Activision Blizzard, a deal worth $69 billion. While this decision does not guarantee the acquisition's completion, it may assist Microsoft in addressing objections raised by the United States and the United Kingdom.