European Shares Edge Lower Before Year-end

RTTNews | Před 243 dny

(RTTNews) - European stocks were moving lower in cautious trade on Monday after all three major U.S. averages sold off Friday, thwarting the seasonal Santa Claus rally on concerns about rising bond yields.

Traders also braced for the New Year holiday, with several regional markets set to close early on Tuesday.

Over the weekend, European Central Bank Governing Council member Robert Holzmann told Austrian newspaper Kurier that the ECB may delay its next interest rate cut due to a recent increase in inflation.

In Italy, the Senate on Saturday passed the government's deficit-cutting 2025 budget that is focussed on tax cuts and debt control measures.

Elsewhere in France, the country's new finance minister said in a newspaper interview that the delayed 2025 budget bill will target a deficit of slightly above 5 percent in order to protect growth.

The pan European STOXX 600 was down 0.3 percent at 505.60 but was still on course for a 6 percent annual gain.

The German DAX, France's CAC 40 and the U.K.'s FTSE 100 were down between 0.1 percent and 0.3 percent.

Italy's Eni rose half a percent after the energy major said it started production of phase two at its Baleine oil field, offshore Ivory Coast.

Novartis AG was little changed after announcing positive results from Phase III STEER study evaluating intrathecal onasemnogene abeparvovec.

Siemens Healthineers fell more than 1 percent after Siemens AG's Chief Financial Officer Ralf Thomas told the Handelsblatt newspaper that the company is reviewing its majority stake in medical technology subsidiary.

BayWa jumped 13 percent after the renewables firm announced plans to reduce its employees to 1500 by the end of 2027 from 4250 now as part of a restructuring.

China-related LVMH, Hermes International and Kering all were moving lower ahead of Chinese manufacturing PMI data due on Tuesday.

Shares of aerospace company Rolls-Royce Holding fell about 1 percent in London.

South Korea's transport ministry said it was "reviewing plans to conduct a special inspection on (Boeing) B737-800 aircraft" after a flight from Bangkok to Muan International Airport in South Korea crash landed, killing 179 of 181 people on board.

U.S. Dollar Falls Against Most Majors

The U.S. dollar weakened against its most major counterparts in the New York session on Friday.

RTTNews | Před 6 h 56 min

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.

RTTNews | Před 8 h 15 min

Canadian Market Up In Positive Territory; BRP Rises Sharply On Strong Earnings

Despite weak GDP data, the Canadian market is up firmly in positive territory Friday afternoon with stocks from materials and healthcare sectors contributing significantly to the gains.

RTTNews | Před 10 h 29 min

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.

RTTNews | Před 11 h 5 min

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.

RTTNews | Před 11 h 34 min

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.

RTTNews | Před 14 h 18 min

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.

RTTNews | Před 14 h 37 min

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.

RTTNews | Před 15 h 20 min

EURUSD	1.1684	GBPUSD	1.34987	AUDUSD	0.6538
USDJPY	147.04	USDCAD	1.3741	USDCHF	0.80047