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ECB's Rehn sees few signs yet of high inflation taking root

ECB's Rehn sees few signs yet of high inflation taking root

By Francesco Canepa FRANKFURT, May 21 (Reuters) - The European Central Bank may raise interest rates to preserve credibility in the face of a war-driven rise in fuel costs but there is little to suggest yet that high inflation is taking root in the euro area, ECB policymaker Olli Rehn said in an

Euro zone economic activity contracts at fastest pace in over two years in May, PMI shows

Euro zone economic activity contracts at fastest pace in over two years in May, PMI shows

LONDON, May 21 (Reuters) - Economic activity in the euro zone shrank at its sharpest rate in more than two-and-a-half years in May, as a war-driven surge in living costs hammered demand for services and pushed overall input price inflation to its highest in three-and-a-half years, a survey showed on

Euro zone growth set to slow in 2026 as Middle East conflict fuels inflation, says EU Commission

Euro zone growth set to slow in 2026 as Middle East conflict fuels inflation, says EU Commission

By Philip Blenkinsop BRUSSELS, May 21 (Reuters) - The euro zone economy will slow in 2026 after war in the Middle East triggered the second energy shock in less than five years with the severity of the hit determined by how long the conflict drags on, the European Commission said on Thursday.

UK firms report slide in activity due to Iran war and political turmoil

UK firms report slide in activity due to Iran war and political turmoil

By William Schomberg LONDON, May 21 (Reuters) - British companies are suffering their most widespread drop in activity in over a year due to the economic fallout from the Iran war and political uncertainty at home, a survey showed on Thursday.

European equities muted as investors await Mideast peace updates

European equities muted as investors await Mideast peace updates

By Twesha Dikshit May 21 (Reuters) - European shares were subdued on Thursday after a rally in the previous session, with bonds weakening and oil holding above $100 a barrel as investors awaited progress in U.S.-Iran peace talks.

Energy shock from Iran war to weigh on Europe's growth, boost inflation

Energy shock from Iran war to weigh on Europe's growth, boost inflation

The European Union’s executive commission has cut its growth outlook and predicted higher inflation due to sharply higher energy prices from the war in Iran

Europe EV sales leap as Iran war pushes up petrol pump prices

Europe EV sales leap as Iran war pushes up petrol pump prices

By Christina Amann, Marie Mannes and Nick Carey BERLIN/STOCKHOLM/LONDON, May 20 (Reuters) - Demand for electric vehicles in Europe has surged as high fuel prices linked to the Iran war propel sales of new and second-hand EVs, data exclusively shared with Reuters shows, providing a much-needed boost

German private sector contracts for second month running, PMI shows

German private sector contracts for second month running, PMI shows

By Maria Martinez BERLIN, May 21 (Reuters) - Germany's private sector activity contracted for a second consecutive month in May as the Iran war put the brakes on the country's economic recovery, hitting demand and driving up prices, a survey showed on Thursday.

Bank of England has time to gauge impact of Iran war, Bailey says

Bank of England has time to gauge impact of Iran war, Bailey says

By David Milliken and William Schomberg LONDON, May 20 (Reuters) - A rise in market interest rates since the start of the Iran war has given the Bank of England more time to assess the economic impact of the conflict, Governor Andrew Bailey said on Wednesday.

French economic activity contracts at fastest pace in 5-1/2 years in May, PMI shows

French economic activity contracts at fastest pace in 5-1/2 years in May, PMI shows

PARIS, May 21 (Reuters) - France's private sector economy contracted in May at its sharpest pace in five-and-a-half years, reflecting an accelerated decline in services activity and a fresh drop in manufacturing production, a preliminary survey from S&P Global showed on Thursday.

Under pressure: Tracking the pain in G7 government debt

Under pressure: Tracking the pain in G7 government debt

By Yoruk Bahceli, Ben Welsh, Dhara Ranasinghe and Rocky Swift LONDON, May 18 (Reuters) - The world's major economies have seen their debt levels surge in recent years, while ever-increasing spending demands - from ageing populations to climate change and defence - add to the pressure.

European shares fall as inflation worries grip markets

European shares fall as inflation worries grip markets

By Twesha Dikshit May 18 (Reuters) - European shares slipped on Monday, as inflation worries lingered with no sign of a deal between the U.S. and Iran to end their three-month-old war.