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The euro zone's economy grew by more than expected in the second quarter of 2024, flash figures from the European Union's statistics office showed Tuesday.
LONDON — European markets closed lower on Monday, reversing earlier gains, as investors looked ahead to another busy week of earnings and central bank meetings.
Shares in Gucci-owner Kering fell on Thursday, after the luxury group announced a sharp decline in revenue in the first half of the year and issued a weak forecast for the remaining six months of the year.
Shares in the world's largest luxury group LVMH fell on Wednesday after its second-quarter sales came in below analyst consensus on Tuesday.
Shares in automaker Porsche fell on Tuesday after the company cut its 2024 outlook, saying various suppliers were affected by a shortage of special aluminium alloys.
The German construction sector is showing no signs of recovering, even after being in a crisis for months and despite pledges of support and investment from the government.
Ryanair shares fell Monday after the company said its quarterly profit after tax had fallen 46% and fares will be lower than expected in the summer months.
Germany is set to significantly reduce funds dedicated to strengthening partner states in the areas of security, defense and stabilization — a section of its budget which has typically included support for Ukraine, a draft of the country's 2025 budget shows.