Factory orders from Germany and final composite Purchasing Managers' survey from euro area are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is set to release Germany's factory orders for March. Economists forecast orders to fall 10 percent on month after falling 1.4 percent in February.
The euro area private sector experienced a record downturn in April due to the severe disruption caused by the coronavirus, or covid-19, pandemic, final survey results from IHS Markit showed Wednesday. The composite output index slid to a new series low of 13.6 from March's 29.7. The flash score was 13.5. Both manufacturing and services reported record fall in output in April.
The European Commission on Wednesday downgraded the growth forecasts for the Eurozone and the European Union and said the region is set to witness a recession of "historic proportions" this year due to the "major shock" from the coronavirus, or Covid-19, pandemic and the consequent lockdown.
World Health Organization revealed 'deeply concerning' estimate that half of the people who have died from Covid-19 in Europe were inmates of care homes. WHO's Europe Director Hans Kluge described it as "an unimaginable human tragedy" at a press conference Thursday. "This pandemic has shone a spotlight on the overlooked and undervalued corners of our society. Across the European Region, long-ter
In a D.C. neighborhood, two dog owners noticed their pets looked a bit alike. Turns out, they were brothers.
European stocks were moving higher on Friday after U.S. and Chinese trade representatives reportedly held a phone call and pledged to create favorable conditions for the implementation of the phase one trade deal signed in January.
European markets ended higher on Friday reacting positively to news on U.S.-China trade front, and data showing a slightly smaller than expected increase in U.S. job losses in the month of April.
European stocks plunged on Monday after Apple Inc. and Amazon.com Inc. warned of uncertainty ahead due to the coronavirus and billionaire investor Warren Buffett said Berkshire Hathaway Inc completely exited its stakes in the four major U.S. airlines.
European markets ended sharply lower on Monday as an escalation in U.S.-China tensions over the origin of the coronavirus outbreak hurt sentiment and triggered heavy selling across the board.
European stocks are seen opening flat to slightly higher on Thursday as coronavirus worries persist and China's trade data for April painted a mixed picture of the world's second-largest economy.
European stocks rose on Thursday as China exports data for April exceeded expectations and bleak U.S. data released overnight prompted calls for more government spending.
European markets closed on a strong note on Thursday as investors reacted positively to the latest data from China that showed an unexpected increase in the country's exports last month, and amid continued optimism about reopening of businesses in several parts across the globe.
European stocks are likely to open higher on Tuesday as Italy finally eased lockdown restrictions with strict guidelines after two months.
European stocks rebounded on Tuesday after falling sharply the previous day on concerns about the coronavirus's impact on earnings and rising U.S.-China tensions.
European markets ended with strong gains on Tuesday despite weak economic data, as investors made positive moves reacting to news that several countries across Europe have lifted restrictions that were in place due to the coronavirus pandemic.
European stocks are likely to open a tad lower on Wednesday after sharp gains in the previous session on optimism over phased easing of coronavirus restrictions by some countries.
European stocks were mixed in cautious trade on Wednesday as European business data disappointed and several Federal Reserve officials warned of more damage to the economy from the coronavirus.
European markets closed lower on Wednesday as investors made cautious moves amid concerns about the possible impact of any new wave of Covid-19 infection following lifting of lockdown restrictions in several places across the world.
The Hong Kong stock market has moved higher in back-to-back sessions, advancing more than 520 points or 2.2 percent along the way. The Hang Seng Index now sits just beneath the 24,140-point plateau although it may run out of steam on Thursday.
Foreign trade data from Germany is due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's external trade figures for March. Exports are forecast to fall 5 percent on month, in contrast to an increase of 1.3 percent in February. Imports are expected to drop 4 percent.
European Central Bank Vice-President Luis de Guindos and Governing Council member Gabriel Makhlouf said separately on Thursday that the central bank was more determined to support the euro area economy during crisis periods and the bank stands ready to adjust all tools at its disposal, just days after the top German court ruled that the bank's government debt purchases were in violation of its mandate.