European Shares Hold Steady Ahead Of ECB Minutes

RTTNews | 568 dias atrás
European Shares Hold Steady Ahead Of ECB Minutes

(RTTNews) - European stocks were seeing modest gains on Thursday after a survey showed the euro area economy continued to contract in November, albeit at a slower pace with improvements seen across all sectors.

Investors await the release of the minutes of the European Central Bank's October meeting for important clues on the rate outlook.

ECB Governing Council member Joachim Nagel indicated at an event in Milan that the European Central Bank might be nearing its terminal rate for interest rate hikes.

The pan European STOXX 600 was up 0.2 percent at 457.92 after closing up 0.3 percent to touch a two-month high in the previous session.

The German DAX was marginally higher, while France's CAC 40 and the U.K.'s FTSE 100 both edged up around 0.2 percent.

Spanish utility Endesa declined 2.7 percent after cutting its profit and dividend outlook.

Stellantis N.V., a Dutch automaker, gained 1 percent after repurchasing 50 million common shares from Dongfeng Motor for about 934 million euros ($1.02 billion).

Ericsson lost about 1 percent. The Swedish ICT solutions provider has raised EUR 500 billion (USD 545.5m) through the issuance of a green bond.

Oil and gas shares advanced, with BP Plc climbing 1.1 percent and Shell adding 0.7 percent, despite oil extending overnight losses on concerns over delayed OPEC+ meeting.

Virgin Money UK fell 1.6 percent after reporting a drop in its annual profit.

Travel company Jet2 tumbled 3 percent after reporting its half-year results.

PZ Cussons rose 1.2 percent. The consumer goods company said its performance continues to be in line with the board's expectations and consistent with its fiscal 2024 outlook.

read more
Antipodean Currencies Slide Amid Risk-off Mood; Safe-haven CHF, JPY Rises

Antipodean Currencies Slide Amid Risk-off Mood; Safe-haven CHF, JPY Rises

The antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Friday, amid heightening geopolitical tensions in the Middle East region after Israel launched a preemptive strike against Iran in a major escalation of the regional conflict. U.S. officials confirmed that the U.S. had no involvement or role in the operation. Tensions between the U.S. and Iran are also rising over the latter's nuclear developments.
RTTNews | 51 minutos atrás
Yen Rises Against Most Majors

Yen Rises Against Most Majors

The Japanese yen strengthened against most major currencies in the Asian session on Friday.
RTTNews | 2h 2min atrás
European Shares Set For Gap-down Open

European Shares Set For Gap-down Open

European shares are seen opening sharply lower on Friday as trade uncertainties and escalating geopolitical tensions sparked flight to safety.
RTTNews | 2h 41min atrás
European Economic News Preview: Eurozone Industrial Output, Trade Data Due

European Economic News Preview: Eurozone Industrial Output, Trade Data Due

Industrial production and foreign trade from the euro area and final inflation figures from Germany and France are the top economic news due on Friday. At 2.00 am ET, Destatis is scheduled to issue Germany's final consumer and harmonized prices and wholesale prices for May. The flash estimate showed that consumer price inflation remained unchanged at 2.1 percent.
RTTNews | 3h 29min atrás