Join CNBC for live updates on European markets. Source link UK economy contracts by cooler-than-expected 0.3% in April 2025-06-12 06:09:00 uk-economy-contracts-by-cooler-than-expected-0-3-in-april
U.K.Chancellor of the Exchequer Rachel Reeves leaves 10 Downing Street ahead of PMQs in the House of Commons in London, United Kingdom on June 11, 2025. Anadolu | Anadolu | Getty Images U.K. Chancellor Rachel Reeves is delivering the government’s Spending Review on Wednesday, with all eyes on how billions of pounds’ worth of public…
Here’s what to expect today Investors can expect a mix of economic data and earnings out of Europe today. The big release will be the unemployment rate from the U.K., along with figures on average earnings in the country. Economists polled by Reuters are expecting Britain’s unemployment rate to have hit 4.6% in April, up…
Advertising giant WPP’s CEO to retire WPP Group CEO Mark Read is set to retire at the end of the year after more than 30 years at the company, including seven years as chief executive, the firm said. Shares of WPP have recorded a negative total return of 41% over Read’s tenure, compared to the…
Shoppers buy fresh vegetables, fruit, and herbs at an outdoor produce market under green-striped canopies in Regensburg, Upper Palatinate, Bavaria, Germany, on April 19, 2025. Michael Nguyen/NurPhoto via Getty Images Euro zone inflation fell below the European Central Bank’s 2% target in May, hitting a cooler-than-expected 1.9% on sharp declines in services, flash data from…
Old Navy and Gap retail stores are seen as people walk through Times Square in New York City on April 9, 2025. Angela Weiss | Afp | Getty Images Economic growth forecasts for the U.S. and globally were cut further by the Organisation for Economic Co-operation and Development as President Donald Trump’s tariff turmoil weighs…
The Netherlands far-right PVV Freedom Party leader Geert Wilders speaks to the media representatives following the European Parliament elections provisional results in The Hague on June 6, 2024. Emiel Muijderman | Afp | Getty Images Dutch Prime Minister Dick Schoof stepped down from his role on Tuesday after disagreements over immigration proposals led to far-right…
Christine Lagarde, president of the European Central Bank (ECB), at the Hertie School in Berlin, Germany, on Monday, May 26, 2025. Krisztian Bocsi/Bloomberg via Getty Images The European Central Bank on Thursday announced a 25 basis point interest rate trim and lowered its inflation expectations on the back of a stronger euro and lower energy…
A sign in German that reads “part of the UBS group” in Basel on May 5, 2025. Fabrice Coffrini | AFP | Getty Images The Swiss government on Friday proposed strict new capital rules that would require banking giant UBS to hold an additional $26 billion in core capital, following its 2023 takeover of stricken…