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UE gas

In Europe 4th December 2025

European Union announces end of Russian gas imports from 2027 onwards

Bankinter | The European Union announces the end of Russian gas imports. A provisional agreement has been reached that will allow for the permanent cessation of liquefied natural gas imports by 31 December 2026, and pipeline imports by 30 September 2027. Finally, it reiterates its commitment to ensuring the elimination of all oil imports by the end of 2027. Bankinter analysis team’s view: This is good news because it represents…

eurozona banderas CM

European economy, In Europe 28th November 2025

Eurozone confidence indicators improve in November, except for industry

Singular Bank | According to the European Commission, in the final reading for November, the Eurozone Economic Sentiment Indicator (ESI) rose slightly by 0.2 points to 97.0 points. This development was driven by a notable increase in confidence in the services, construction and retail sectors. In contrast, there was a notable decline in economic sentiment in the industrial sector. Meanwhile, employment expectations in the European monetary bloc rebounded to 97.8…

alemania berlin ampelmann

In Europe 27th November 2025

German consumer confidence improves in December: Gfk confidence index rises to -23.2 points from previous month’s -24.1

Norbolsa | German consumer confidence improved slightly in December, as households became more willing to spend money ahead of the Christmas season, although less optimistic income prospects are preventing a stronger recovery. The consumer confidence index published by Gfk rose to -23.2 points in December from -24.1 points the previous month, in line with expectations.

ECB skyscriper

European economy, In Europe 27th November 2025

ECB warns of increased risk of sharp price adjustments owing to high valuations in increasingly concentrated asset markets

Link Securities | The ECB’s Financial Stability Report warned yesterday that high valuations in increasingly concentrated asset markets increase the risk of sharp price adjustments. In the report, the institution noted that, since April, global stock markets have reached new all-time highs and credit spreads have remained tight in historical terms. In addition, the ECB warned that market confidence could change abruptly due to a deterioration in the growth outlook…

matricula 1

In Europe 26th November 2025

Spain leads EU vehicle and electric car registrations

Link Securities | According to data published by the European Automobile Manufacturers’ Association (ACEA), passenger car registrations in the European Union (EU) grew by 5.8% year-on-year in October (10.0% in September), reaching 916,609 units. This marked the fourth consecutive month of growth, with three of the four largest EU markets recording gains. Registrations in Spain increased by 15.9%, followed by Germany, which rose by 7.8%, and France, which grew by…

Italia Economia

In Europe 25th November 2025

Moody’s maintains UK’s rating at Aa3 with stable outlook, raises Italy’s to Baa2 with stable outlook

Bankinter | Moody’s maintained its Aa3 rating with a stable outlook for the United Kingdom. The agency highlights strengths such as a rich, diversified economy and a solid institutional framework. It also notes the government’s commitment to reducing the deficit, with the budget due to be presented on Wednesday (26 November). In any case, its projections of moderate growth and a gradual reduction in the deficit lead it to estimate…

Alemania industria 1 1

European economy, In Europe 24th November 2025

Manufacturing PMI falls in Eurozone, Germany and France in November

Singular Bank | According to preliminary readings, the Eurozone manufacturing PMI fell to 49.7 points in November (versus 50.0 points in October), its lowest level since June. In contrast, the services PMI rose slightly by 0.1 points to 53.1 points, its highest level since May 2024. In this context, the composite PMI fell slightly by 0.1 points to 50.4 points. This development can be explained by the decline in new…

exports

European economy, In Europe 20th November 2025

ECB says Eurozone current account surplus reaches in September €38.1 billion, compared to €43.5 billion in same month 2024

Link Securities | According to the European Central Bank (ECB), the Eurozone generated a current account surplus of €38.1 billion in September, compared to €43.5 billion in the same month of 2024. This decline was the result of a sharp drop in the primary income surplus, which fell to €800 million from €12 billion in September of the previous year. At the same time, the secondary income deficit increased to…

europa industrial

European economy, In Europe 14th November 2025

Eurozone Industrial production grows 1.2% year-on-year in September due to dependence on external sector

Bankinter | Industrial production in Eurozone countries grew less than expected in September: 1.2% year-on-year versus 2.1% expected and 1.2% previously (revised from 1.1%). In month-on-month terms, 0.2% versus 0.7% versus a drop of 1.1% (revised from 1.2%). By country, Germany continues to slow down its growth (down 0.8%). Analysis team’s view: Industrial production, which is highly dependent on the foreign sector, continues to be affected by US tariffs and…

alemania ampelmann

In Europe 13th November 2025

Final CPI in Germany confirms preliminary annual figure of 2.3% compared to 2.4% previously

Bankinter | A slight moderation in German inflation in October is confirmed. The final CPI confirms the preliminary figure of 2.3% (year-on-year) against 2.4% previously. Wholesale Price Index 1.1% in October (year-on-year) against 1.2% previously. Analysis team’s view: Inflation moderates slightly, moving towards the ECB’s target (2%). We do not expect any changes in ECB rate expectations, so it should have a neutral impact on stocks and bonds.