Euro

European stocks slide 2.8% after weak euro zone data, new UK economic plan

European stocks were sharply lower on Friday, as investors digested a raft of central bank decisions and a new economic plan from the U.K.The Stoxx 600 was down 2.8% in early afternoon trading, with all sectors and major bourses trading in the red.Oil and gas stocks and basic resources were the biggest fallers, both down …

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European shares, euro jump on Ukrainian advances in northeast

Register now for FREE unlimited access to Reuters.comRegisterLONDON, Sept 12 (Reuters) – European shares jumped on Monday after Ukrainian forces made a rapid advance in Kharkiv province in Russia’s worst setback since its Kyiv push was abandoned in March, while the euro extended on last week’s European Central Bank inspired gains.On Saturday, Moscow abandoned its …

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Euro hits new 20-year low after Russia halts gas supplies | Oil and Gas News

The euro slides to $0.9876 after Russia scraps a Saturday deadline for flows from the Nord Stream pipeline to resume.The euro has sunk below $0.99 – a new 20-year low – after Russia’s halt to gas supplies down its main pipeline to Europe heightened fears about a deepening energy crisis across the region. The euro has been …

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Euro zone inflation hits another record of 9.1% as food and energy prices soar

Inflation continues to hit new records just as the European Central Bank mulls another large interest rate hike for next month.NurPhoto / Contributor / Getty ImagesEuro zone inflation hit a new record high in August of 9.1%, according to flash figures from Europe’s statistics office Eurostat, with high energy prices the main driving force.The rate …

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Euro clings to parity as markets await U.S. inflation data

A Euro banknote is displayed on U.S. Dollar banknotes in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic/Illustration/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterEuro still above $1 but U.S. CPI a stern testRBNZ, BOK hike rates but currencies sit near lows vs USDSterling adrift as markets wait for Tories to choose leaderSINGAPORE, July …

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