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European Shares Decline As Israel-Iran Conflict Continues

RTTNews | 75 dias atrás

European Shares Decline As Israel-Iran Conflict Continues

(RTTNews) - European shares edged lower on Thursday as speculation grew over a possible U.S. involvement in the Israel-Iran conflict.

In economic news, the Swiss National Bank reduced its policy rate by a quarter-point, citing easing inflationary pressures.

The bank decided to lower the SNB policy rate by 0.25 percentage points to zero percent, marking the sixth consecutive reduction.

Interest rate decisions from Norway and the U.K. are expected later in the day.

The Bank of England is expected to retain its benchmark rate at 4.25 percent amid rising geopolitical tensions and inflation remaining persistently above the target.

The pan-European STOXX 600 dropped half a percent to 537.61 after falling 0.4 percent to reach a near one-month low on Wednesday.

The German DAX fell half a percent, France's CAC 40 gave up 0.7 percent and the U.K.'s FTSE 100 was down 0.3 percent.

Regional trade volumes were thin amid a federal holiday in the U.S. to mark Juneteenth, a day that marks the emancipation of enslaved Black Americans.

In corporate news, Finland's Stora Enso soared 18 percent after saying it has initiated a strategic review of its Swedish forest assets.

ArcelorMittal fell nearly 2 percent. The steel producer said it has completed its acquisition of Nippon Steel's stake in a Calvert, Alabama, mill complex.

Revolution Beauty shares slumped 17 percent after Frasers Group said that it will not make an offer for the U.K.-based cosmetics retailer.

Recruiter Hays Plc plummeted 12 percent after releasing its pre-close year-end trading update.

Premier Inn owner Whitbread declined 2.6 percent after reporting mixed first-quarter results for fiscal 2026.

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Swiss Shares Extend Losing Streak

Swiss Shares Extend Losing Streak

The Swiss stock market closed under pressure again on Tuesday, stretching its losing streak to three sessions while giving up more than 130 points or 1.1 percent in that span.

RTTNews | 2h 27min atrás

Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further

Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further

Euro area inflation modestly accelerated to a four-month high, and the core figure was steady around the 2 percent target in August as a slight slowing in both food price growth and services inflation was offset by a smaller decline in energy prices, which suggests that the European Central Bank is set to hold interest rates steady in future policy sessions.

RTTNews | 2h 33min atrás

European Markets Finish In The Red On Tuesday

European Markets Finish In The Red On Tuesday

The major European markets finished firmly under water on Tuesday after Eurostat data showed Eurozone inflation rose to 2.1 percent last month, climbing above the European Central Bank's 2 percent target for the first time since April driven by higher prices for food, alcohol and tobacco.

RTTNews | 2h 40min atrás

U.S. Construction Spending Unexpectedly Edges Lower In July

U.S. Construction Spending Unexpectedly Edges Lower In July

A report released by the Commerce Department on Tuesday showed construction spending in the U.S. unexpectedly edged slightly lower in the month of July. The Commerce Department said construction spending slipped by 0.1 percent to an annual rate of $2.139 trillion in July after falling by 0.4 to a revised rate of $2.141 trillion in June.

RTTNews | 4h 41min atrás

Domino's Launches Two New Delectable Bread Bites Flavors

Domino's Launches Two New Delectable Bread Bites Flavors

Domino's Pizza, the largest pizza company in the world, announced the launch of two new Bread Bite flavors: Cinnamon and Garlic, to join Domino's Parmesan Bread Bites, adding to its line of oven-baked mouthwatering options for customers to enjoy.

RTTNews | 4h 53min atrás

U.S. Manufacturing Index Inches Up In Line With Estimates In August

U.S. Manufacturing Index Inches Up In Line With Estimates In August

The Institute for Supply Management released a report on Tuesday showing a slight increase by its reading on U.S. manufacturing activity in the month of August, although the index still indicated the sixth consecutive month of contraction.

RTTNews | 4h 55min atrás

FTSE 100 Slips As Yields Spike, Sterling Plunges

FTSE 100 Slips As Yields Spike, Sterling Plunges

The FTSE 100 benchmark of the London Stock Exchange dropped close to a percent amidst renewed concerns about the fiscal situation in the U.K.

RTTNews | 5h 42min atrás

CAC 40 Slips Amidst Fiscal Concerns

CAC 40 Slips Amidst Fiscal Concerns

A renewed focus on the fiscal situation in France dampened sentiment for the CAC 40 benchmark that tracks the 40 largest French stocks based on the Euronext Paris.

RTTNews | 6h 50min atrás

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