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News

European shares hit two-week high as China eases 19 curbs

* Prosus tops STOXX 600 on Tencent stake sale plan * Shanghai declares victory over COVID-19 * Mining sector leads gains (Updates to close) By Devik Jain and Susan Mathew June 27 (Reuters) - European shares closed at a two-week high on Monday, boosted by miners as an easing of COVID-19 restrictions in China lifted global sentiment, while Prosus sha
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Italy's Monte dei Paschi seeks 2.5 bln euros for latest relaunch plan

* Targets 3,800 voluntary staff exits in November * Secures pre-underwriting accord with group of banks * To lower costs, replenish capital with cash call (Updates reference to TIMELINE in paragraph 6, shares) By Valentina Za and Silvia Ognibene SIENA, Italy, June 23 (Reuters) - Italy's Monte dei Paschi di Siena (MPS) is to seek 2.5 billion euros (
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Red-hot U.S. inflation hammers European shares amid recession fears

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * U.S. annual inflation in May at 8.6% vs expectation of 8.3% * Italy's MIB index sinks over 5% * GSK rises as RSV vaccine succeeds in late-stage trial * Airlines fall as labour strife disrupts operations By Susan Mathew and Bansari Mayur Ka
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Euro zone shares slide 1% after ECB signals rates lift-off

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * ECB raises inflation forecast * ECB signals 25 bps interest rate hike in June * Euro zone stocks fall 1.6% By Susan Mathew and Bansari Mayur Kamdar June 9 (Reuters) - European shares hit two-week lows on Thursday after the European Central
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Stocks gain on improved sentiment, crude at $120

* Countdown to raft of central bank meetings * Euro gains ahead of Thursday's ECB meeting * U.S. CPI on Friday to test thinking on Fed hikes * Oil firms after Saudi Arabia raises prices By Herbert Lash NEW YORK, June 6 (Reuters) - Global equity markets rose on Monday on signs of an easing of COVID-19 pandemic-related and other restrictions by China
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