Deals involving Europe’s private equity firms transferring assets among themselves have fallen by more than 50 percent to €16.8 billion, year on year, as rising interest rates and a gloomy economic outlook have dimmed what the Financial Times called “buyout game of pass-the-parcel.”
Tag: Europe
EUROPE’S NATURAL GAS PRICES FALL TO LOWEST SINCE UKRAINE INVASION
Europe’s benchmark price of natural gas sank to €35.20 per megawatt-hour on 5 May, its lowest since July 2021 when Russia first began cutting back its gas exports to the continent.
DRAGFLATION TREND: EU EKES OUT SMALL GROWTH IN FIRST QUARTER
The European Union’s (EU’s) economy managed to grow by 0.3 percent in this year’s first quarter, even though Germany’s – Europe’s largest economy – flatlined for the period, showing neither growth nor contraction, the Financial Times reported.
BANKING INDUSTRY TUMULT SINKS EUROPEAN REAL ESTATE STOCKS
In Europe, the share prices of publicly traded commercial real estate landlords finished their worst month in three years last week as investors feared the banking industry’s difficulties will make it harder for property owners to secure loans, which could sink property values, the Financial Times said.
TOP TREND 2023, GOING GREEN LIKE IT OR NOT: EUROPEAN COMMISSION PROPOSES “GREEN DEAL”
A “green deal” industrial initiative proposed by the European Commission (EC) would see a minimum of 40 percent of the green energy technologies installed in European Union (EU) countries in 2030 made by businesses located there.
INFLATION SLOWS IN EUROPE AS ENERGY PRICES FALL
Inflation in France eased to 6.7 percent in December, down from 7.1 in November, because prices for oil and gas fell, as we detail in “Oil and Gas Prices Fall in U.S., Europe” in this issue.
ECB NOW SEES EUROPE’S INFLATION AS MORE PERSISTENT THAN IN U.S.
As we reported back in May 2021, as prices began to rise, Christine Lagarde, president of the European Central Bank, waved away critics’ concerns, saying that inflation in the Eurozone was only temporary and less of a danger than it was in the U.S.
TOP TREND 2022, DRAGFLATION: EUROPE’S FACTORY PRODUCTION SLUMPS IN OCTOBER
Industrial production in the 19-country Eurozone moved down 2 percent in October from September, a contraction 25 percent greater than expected by economists Reuters had polled, ending several months during which factory output across the zone remained relatively steady.
EUROPE SQUABBLES OVER PLAN TO CAP GAS PRICE
European nations continue to bicker over whether and how to cap the price of natural gas across the 27 nations that make up the European Union (EU).
NEW WORLD DISORDER TOP TREND: PROTESTS ERUPT ACROSS EUROPE.
Protests broke out across Europe last week over soaring inflation and wages that are not keeping up with the cost of goods, leading to a “New World Disorder” that will result in widespread civil unrest that will likely only get worse.