Additional European Equity News
SourceNewsquawk
SectionEuropean Equities
German Manufacturing - Low Rhine river water levels are forcing vessels to reduce loads, raising transport costs and disrupting manufacturers including Thyssenkrupp (TKA GY) and BASF (BAS GY), Bloomberg reports. The article notes that a 2018 comparable episode cost Germany approximately 0.4% of GDP. The disruption adds to headwinds for an already weak manufacturing sector, with the government recently having halved its 2026 GDP forecast to 0.5%; ECB board member Schnabel has also cited the Rhine as a potential upside inflation risk. (Bloomberg)