Breaking News: Europe

Flash PMIs: UK suffers sharp January contraction in activityIn contrast to the euro zone's apparent revival in business activity in January, flash PMI (purchasing managers' index) readings from the U.K. Tuesday showed the economy…

UniCredit CEO says Europe may defy the odds and avoid a recessionRecent data points suggest the euro zone may defy the odds and avoid a recession, according to Andrea Orcel, CEO of Italian bank UniCredit."Our view was a mild recession…

MichelleMitha | iStock / 360 | Getty ImagesLONDON — U.K. inflation eased on the month, in line with economists' expectations, as fuel, clothing and recreational costs dragged down the index.Inflation softened to 10.5% in December, down…

Stocks on the move: Temenos up 5%, Tecan down 4%Temenos shares gained more than 5% in early trade to lead the Stoxx 600 after the Swiss software company announced that CEO Max Chuard would step down.At the bottom of the European blue…

No signs of de-anchored inflation expectations, ECB policymaker saysThere are no signs of de-anchored market expectations on inflation, according to European Central Bank policymaker Robert Holzmann.The statement was featured on a slide…

Stocks on the move: Bayer up 4.5%, Euronav down 19% German pharma firm Bayer topped afternoon trading in Europe, posting a 4.5% gain after saying its new blood clot drug could make more than 5 billion euros ($5.4 billion) in annual…

Inflation in Europe has been impacted by higher energy prices and supply shortages. Analysts question how far central banks will go to bring inflation under control.Bloomberg | Bloomberg | Getty ImagesInflation in the euro zone dropped…

French inflation slows unexpectedly The skyline from the Arc de Triomphe in Paris, France.Bloomberg | Bloomberg | Getty ImagesInflation in France slowed to 6.7% in December from a record high of 7.1% the previous month, preliminary…

The Bank of Russia said the external environment for the Russian economy remains "challenging" and "significantly constrains economic activity."The headquarters of Russia's central bank in Moscow on Feb. 28, 2022. Sweeping sanctions…

ECB hikes rates, sees significant increases ahead as it announces plan to shrink balance sheetThe European Central Bank opted for a smaller rate hike at its Thursday meeting, taking its key rate from 1.5% to 2%.It also announced plans to…