BERLIN, Sept 22 Reuters Prices of residential real estate in Germany fell further in the second quarter, data by the federal statistics office showed on Friday, as high interest rates took toll on the real estate market in Europe39;s biggest economy. Residential property prices fell by 9.9 yearonyear, the strongest decline since the start of […]

PARIS, Sept 22 Reuters France39;s dominant services sector contracted at an even sharper pace in September, a monthly survey showed on Friday, as falls in demand and new orders weighed on the euro zone39;s secondbiggest economy. The HCOB France flash purchasing managers index PMI for the services sector, compiled by SP Global, fell to a […]

Pension funds shift liabilities to insurers at record pace Insurers expected to sell gilts after transfers Move adds pressure on borrowing costs from QT, debt sales LONDON, Sept 22 Reuters Britain39;s pensions industry, Europe39;s biggest, is posing a new challenge to the country39;s 2 trillion pound 2.5 trillion government bond market a year on from […]

MADRID, Sept 22 Reuters Spain39;s gross domestic product grew 0.5 in the second quarter, its National Statistics Institute INE said on Friday, revising its previous estimate up from 0.4 growth and confirming a faster and stronger rebound from the COVID19 pandemic. The Spanish Economy Ministry said in a statement that INE39;s data showed Spain39;s economy […]

BERLIN, Sept 22 Reuters German business activity fell for the third consecutive month in September due to a sustained decline in demand for goods and services, pointing to a deep economic contraction in the quarter, a preliminary survey showed on Friday. The HCOB German Flash Composite Purchasing Managers39; Index PMI, compiled by SP Global, rose […]

LONDON, Sept 22 Reuters The euro zone economy will likely contract in the third quarter and won39;t return to growth anytime soon, a survey showed, even though a downturn in the bloc39;s business activity eased slightly in September. HCOB39;s flash euro zone Composite Purchasing Managers39; Index PMI, compiled by SP Global and seen as a […]

LONDON, Sept 22 Reuters British companies endured a much tougher September than feared, marked by growing unemployment and recession risks, according to a survey on Friday that underlined why the Bank of England halted its run of interest rate hikes this week. A preliminary flash reading of the UK SP Global Purchasing Managers39; Index PMI […]