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News

European shares gain on defensives, but still down for the week

* China cuts 5-year loan prime rate by 15 bps * STOXX ends week lower, erases big declines from earlier * Richemont cautious on China growth * Other luxury stocks slide May 20 (Reuters) - European shares rose on Friday, with a boost from defensive sectors after hopes of an economic recovery in major trading partner China were bolstered by more cent
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Inflation outlook may cloud resilient European earnings updates

* STOXX 600 Q1 earnings seen up around 25% * Focus on pricing power, margins, demand * Profit revisions have turned negative By Joice Alves and Danilo Masoni LONDON, April 20 (Reuters) - European companies are forecast to have coped with record inflation in the first quarter, but the big question for investors during the reporting season which begi
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European stocks close at two-week highs on Ukraine peace talks

* Prosus rebounds from record lows * Fed decision due at 1800 GMT * EQT surges on BPEA buyout deal By Sruthi Shankar and Shreyashi Sanyal March 16 (Reuters) - European stocks closed at over two-week highs on Wednesday after fresh talks of compromise from Russia and Ukraine boosted gains spurred by China's promise to roll out more economic stimulus.
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European shares gain on Ukraine hopes; Volkswagen surges on strong results

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * China-exposed miners, luxury stocks fall * Volkswagen surges on upbeat earnings * Prosus slumps on China tech regulation worries By Sruthi Shankar and Shreyashi Sanyal March 14 (Reuters) - European stocks rose on Monday, clinging to hopes
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Russia blocks Facebook, passes 'fake news' law; LVMH, Microsoft halt sales

* Sweeping Western sanctions create investor minefield * Exxon faces a 'complicated process' as it exits * SocGen warned it might be stripped of Russian assets * Toyota halts production, Pirelli's Russian plants continue * Banks count the ever-changing cost of sanctions By Elizabeth Culliford and Kate Holton March 4 (Reuters) - Russia said it would
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