Eurostar “strongly advise” passengers to postpone their journey to a different date, after a problem with the overhead power supply in the Channel Tunnel and a failed Le Shuttle train European stocks have hit a record high today, ending a strong year on the front foot. The pan-European Stoxx 600 index has risen by over 0.2% this morning to 590.65 points, a new peak. The Euro area and UK economies proved more resilient in 2025 than we anticipated. US tariffs weighed on exports and real GDP growth in Q2 and Q3, but domestic demand has generally been more robust than we anticipated. As a result, Euro area and UK GDP growth, while still underperforming the US this year, have turned out higher than in our forecast at the end of 2024. Continue reading...