European Market

US stocks gained mid-session Thursday after Presidents Trump and Xi revived dialogue with a phone call that eased trade tensions, while investors looked ahead to Friday’s critical jobs data. European markets also ended higher as the ECB delivered a widely anticipated 25-bps rate cut—its first since 2019—boosting sentiment across the region.

US Stock mid-session: Nasdaq leads gains amid mixed economic signals

The euro weakened by 0.56% against the U.S. dollar after inflation data showed the eurozone’s consumer prices rose just 1.9% in May—below the European Central Bank’s 2% target

MC Explains | Why Japan, Eurozone markets are rising even as recession threat looms

Despite weak economic data, the Japanese and the European markets have been hitting fresh record highs. Through this explainer, find out why and when markets rise despite a weak economy.

Expect India to be Citroen's biggest growth driver outside Europe: CEO Thierry Koskas

The company, which unveiled its all-new mid-sized SUV C3 Aircross, will introduce another new product next year as it seeks to have a presence in the core segments of the Indian market.

US shares waver, European stocks slid as sentiment ebbs on rate fears, yields rise

On Wall Street, the Dow Jones Industrial Average fell 0.25%, the S&P 500 (.SPX) lost 0.22% and the Nasdaq Composite added 0.21%.

Citi trader made error behind flash crash in Europe stocks

A trader at the US firm made a mistake “inputting a transaction,” Citigroup said late last night, after a knee-jerk selloff in Swedish stocks in five minutes wreaked havoc in bourses from Paris to Warsaw

Exclusive | Ukraine crisis may land deathblow to India’s alternative trade route to Europe

The 7200-km International North South Transport Corridor is a multination trade route developed by India to cut transit time for shipments to Russia, Central Asia and India’s prized markets in the European Union. But it has faced repeated challenges, and the latest Ukraine crisis is the biggest one so far.

Ideas For Profit | Sharda Cropchem

Sharda Cropchem’s valuations are probably the lowest in the agrochem industry. The stock is trading at the lower end of its historical P/E multiples. Need more reasons to invest in the stock? Watch this video

PFC issues 300 million euro bonds in European market

In a statement, Power Finance Corporation Ltd (PFC) said the issuance which took place on Monday saw a strong participation from institutional investors across Asia and Europe with a participation from across 82 accounts and was oversubscribed 2.65 times

Exports set to leap in FY22 as India's biggest markets import more, global trade rises: Ind-Ra

The credit ratings and research agency said major destinations of Indian goods such as North America & Europe is set to see rapid import growth to the tune of 11.4 percent & 8.4 percent respectively in 2021.

Europe markets mixed amid earnings; Randstad shares up 2.5%

Auto stocks were among the top losers in early trade, down by 0.2 percent, weighed on by tiremaker Michelin. Shares of the company dropped more than 1 percent after reporting its latest results and adding that its profits are likely to be hurt by currency moves.

Vodafone to invest 2 billion euros in German fibre connections

The British company said on Monday the additional spending on its network would boost its service revenue growth in Germany by 1-2 percentage points in the mid-term.

Market to be volatile on expiry day; could see subdued opening

A combination of mixed global cues as well as implied volatility on expiry day of derivative contracts could keep a check on the market on Thursday. Trends on SGX Nifty indicate a flat opening with a positive bias.

Wai Wai noodles sets up plant in Serbia

Positioned strategically at Ruma in Serbia in Central Europe, the Wai Wai plant will help the company cater to the neighbouring countries, CG Foods said in a statement.

European stocks open higher after BOJ action; Fed in focus

Ahead of the European market open, the Bank of Japan announced that it was abandoning its target to increase the monetary base, launching yield curve controls and scrapping its bond buying range - but it left rates unchanged.

TerraPay acquires UK's Pay2Global

Pay2Global is a regulated digital international money transfer company with rights into the European Economic Area (EEA).

Sharda Cropchem bets on 15-20% annualised growth in 3 years

RV Bubna, Chairman and Managing Director, Sharda Cropchem is confident of a 15-20 percent CAGR growth over the next three years assuming constant currency and stable conditions.

Nifty likely to open in the red on weak Asian trade

In other asset classes, crude prices extended a surge on hopes that a global oversupply may be approaching a tipping point after nearly two years. The gold prices gained to USD 1250 an ounce.

VW chokes on diesel crisis, loses EU market share

Embattled German carmaker Volkswagen has seen its share of the European market eroded in the wake of the emissions scandal, latest figures show.

Kellton Tech opens office in Ireland, forays into Europe

The company said in a statement it would provide services in the areas of ISMAC (Internet of Things,Social, Mobile, Analytics, Cloud) and ERP-EAI (Enterprise Resource Planning &Enterprise Application Integration) among other IT services.

ECB stimulus not enough; Fed may not be hawkish: Ashmore

Jan Dehn, head of research, Ashmore Investment Management, says the ECB‘s easing programme is a defense against high interest rates in the US

Rajesh Exports bags Rs 125 cr order for European market

"The order is believed to be delivered within a period of four months. REL will be manufacturing this jewellery at its manufacturing plant at Bengaluru and is confident of supplying the order within the stipulated time period," Rajesh Exports Ltd.

Global cues positive, but Nifty likely to open in red today

Global cues are positive with the US stocks closing off session highs as a renewed decline in oil and disappointment on Disney earnings pressured stocks.

See limited Greek impact on Asia, stronger euro: Lakefield

Speaking to CNBC-TV18 about the future outlook on European market, Bruno Verstraete, Lakefield Partners says will remain volatile and weak depending upon the political developments that take place amongst European Central Bank (ECB) and the Internaionla Monetary Fund (IMF) and the European nations.

Taper tantrum unlikely to be repeated: StanChart

John Davies of Standard Chartered Bank says volatility in the US bond yields were driven by the euro bund market and it is likely to continue for the short and mid term.