European economy News | The Corner.eu

European economy

European economy 23rd April 2024

Iberdrola|BP pulse wins €50.1m European grant for deployment of electric recharging points

Alphavalue / Divacons | The company formed by Iberdrola and bp pulse, Iberdrola|bp pulse, has been awarded a €50.1 million grant to accelerate the deployment of electric recharging infrastructure under the European Commission’s ‘CEF Transport AFIF 2021-2027’ programme, the company said on Thursday. The subsidised project includes the deployment of 1,220 high-power charging points between 2023 and 2026 on the TEN-T transmission network in Spain and Portugal.

European economy 19th April 2024

Spain’s electricity cheapest in Europe, at €0 for half the hours in April

ASE Group | Until the 17th, the daily price of the Spanish wholesale market (POOL) in April stood at €5.40/MWh, the lowest since records have been kept for such a long period. Grupo ASE analysts highlight that in almost 50% of the hours the price has been zero or lower. In 84 hours (20.6% of the total) negative prices were recorded (between €0 and €-1/MWh) and the average price between…

European economy 18th April 2024

Christine Lagarde insists ECB remains on track to cut interest rates in near term

Link Securities| In an interview for the US portal CNBC, ECB President Lagarde said yesterday that the central bank is still on track to cut interest rates in the short term, subject to any major shocks. She said they are observing a disinflationary process that is proceeding in line with their expectations. He added that they just need to build a little more confidence in this disinflationary process, but if…

European economy 17th April 2024

European Auto & Parts sector surpasses nine-year highs

Renta 4 | We show the European sector which includes auto and parts companies. The chart shows how it has overcome a resistance zone at 670 points, which has been in place since 2015 and which had served as an obstacle in several bullish impulses. In this context of free ascent, the relative performance ratio with respect to the Eurostoxx 50 timidly overcomes the downtrend since 2018, showing a better…

European economy 15th April 2024

Eurozone industrial production rises by 0.8%, EU’s up 0.7% in February

CdM| Industrial production rose by 0.8% in the eurozone in February and by 0.7% in the European Union (EU) as a whole compared with the previous month, according to initial estimates from Eurostat, the EU’s statistical office. Compared with the same month last year, the indicator fell by 6.4% in the euro area and by 5.4% in the EU. In detail, and on a month-on-month basis, industrial production in the…

European economy 15th April 2024

Siemens Gamesa wind turbine loses 22-ton blade in Norway

Norbolsa| A Siemens Gamesa wind turbine loses a 22-tonne blade in Norway. The company added that no one was injured in the incident. It is a blade that is part of the 4.X platform. Siemens Gamesa, owned by Siemens Energy, warned in 2023 of quality problems at its onshore unit, most of them related to certain rotor blades and main bearings on its two newest wind turbine platforms, the 4.

European economy 12th April 2024

Ferrovial holds first AGM in Amsterdam, stock up from 14th to 8th place on Ibex35

Link Securities | The company held its first AGM outside Spain yesterday, in Amsterdam, another step towards meeting its real goal of listing on the Nasdaq this year. “The market has proved us right,” emphasised the multinational’s chairman, Rafael del Pino, assessing the company’s historic turnaround. When we took the decision to list in the Netherlands, Ferrovial was ranked 14th on the Ibex-35; today we are in eighth place,” said…

European economy 11th April 2024

CAF selected in UK for renewal of railway signalling in contracts valued at around €4,700M over 10 years

Renta 4| According to press reports, CAF has been selected along with other companies to renew the signalling and safety of the UK rail network. The selected companies are CAF together with the British company, AtkinsRealis, Alstom, Hitachi and Siemens. The total value of the contracts to be awarded amounts to around €4.7 billion over the next 10 years and will be progressively entrusted to the selected companies. Assessment: This…

European economy 9th April 2024

Surplus electricity production plus structural reduction in consumption, leads to negative prices on wholesale markets

Alphavalue / Divacons| The recent phenomenon of negative electricity prices in several European countries reflects a complex combination of factors, mainly driven by the law of supply and demand and the increasing prominence of renewable energy sources. Countries such as Germany, Finland, Belgium and France frequently experience a surplus in electricity production, largely due to a combination of favourable weather conditions and an increase in renewable energy capacity. This surplus,…

European economy 5th April 2024

EU ends the winter with record gas storage levels

BancaMarch: The European Union ends the winter season with record levels of gas storage. Gas stocks in March recorded values of up to 58.72% of storage capacity, 3 p.p. higher than the previous peak, which took place last year. The energy crisis is behind us. Despite the reduction in Russian gas supplies, the mild winter and the targets set by the EU to reduce gas use have contributed to this…

« 1 … 16 17 18 19 20 … 81 »