European Shares Gain In Thin Trade As Manufacturing Downturn Eases

RTTNews | Před 884 dny
European Shares Gain In Thin Trade As Manufacturing Downturn Eases

(RTTNews) - European stocks traded higher on Monday after recording their worst annual performance since 2018 last year.

Trading volumes remained thin due to New Year holidays in the United Sates and some countries across Europe, including the U.K. and Switzerland.

Underlying sentiment was boosted after a survey showed the intensity of the eurozone manufacturing sector downturn eased in the final month of 2022.

S&P Global's final manufacturing Purchasing Managers' Index (PMI) rose to 47.8 in December from November's 47.1, matching a preliminary reading.

Investors shrugged off separate data showing that China's manufacturing and services sectors weakened the most since early 2020 in December.

The pan-European STOXX Europe 600 index was up 0.7 percent at 427.91 after a turbulent year marked by heightened geopolitical tensions and aggressive central bank rate hikes.

The German DAX jumped 0.9 percent and France's CAC 40 index added 1.30 percent.

The dollar traded slightly higher against other major currencies at the beginning of the near year, as investors looked for clues from U.S. employment data and minutes from the latest meeting of the Federal Reserve due this week.

In corporate news, Volvo Car shares jumped nearly 4 percent. The Sweden-based automaker said it had taken 100 percent ownership of its autonomous driving (AD) software development subsidiary Zenseact.

Ahold Delhaize rose over 1 percent. The Dutch supermarket company has begun the 1 billion euros share buyback program announced on November 9, 2022 and expects to complete the program before the end of 2023.

read more
Australia Trade Data On Tap For Thursday

Australia Trade Data On Tap For Thursday

Australia will on Thursday release April figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity. In March, imports were down 2.2 percent on month and exports rose 7.6 percent for a trade surplus of A$6.90 billion.
RTTNews | Před 31 minutami
U.S. Dollar Falls Amid Weak Data, Trade Tensions

U.S. Dollar Falls Amid Weak Data, Trade Tensions

The U.S. dollar slipped against its major counterparts in the New York session on Wednesday, following the release of weaker than expected economic data, as well as rising trade tensions.
RTTNews | Před 2 h 53 min
Swiss Market Ends Moderately Higher

Swiss Market Ends Moderately Higher

After a somewhat sluggish start, Swiss stocks gained in strength Wednesday morning and stayed firm right till the end of the session to sign off on a positive note.
RTTNews | Před 5 h 14 min
European Stocks Close Higher On Optimism About U.S. - EU Trade Talks

European Stocks Close Higher On Optimism About U.S. - EU Trade Talks

European stocks closed higher on Wednesday amid slightly easing concerns about a trade war after EU trade chief said talks with the U.S. were advancing in the right direction. Investors also digested regional economic data and some corporate earnings updates, and looked ahead to the European Central Bank's monetary policy announcement on Thursday.
RTTNews | Před 5 h 31 min
Canadian Market Down In Negative Territory After BoC Holds Interest Rate

Canadian Market Down In Negative Territory After BoC Holds Interest Rate

After opening slightly up and advancing a bit, Canadian stocks retreated Wednesday morning, with investors digesting the Bank of Canada's rate decision, and assessing the prospects of trade negotiations with the U.S. in the wake of U.S. President Donald Trump doubling tariffs on steel and aluminum.
RTTNews | Před 6 h 21 min
U.S. Services Index Unexpectedly Indicates Slight Contraction In May

U.S. Services Index Unexpectedly Indicates Slight Contraction In May

Service sector activity in the U.S. unexpectedly saw a slight contraction in the month of May, the Institute for Supply Management revealed in a report released on Wednesday. The ISM said its services PMI fell to 49.9 in May from 51.6 in April, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 52.0.
RTTNews | Před 8 h 13 min
Bank Of Canada Once Again Leaves Interest Rates Unchanged

Bank Of Canada Once Again Leaves Interest Rates Unchanged

The Bank of Canada on Wednesday announced its widely expected decision to leave interest rates unchanged for the second consecutive meeting. The Canadian central bank said it decided to maintain its target for the overnight rate at 2.75 percent, with the Bank Rate at 3 percent and the deposit rate at 2.70 percent.
RTTNews | Před 8 h 36 min
FSIS Announces Recalls Of 22K Pounds Of Beef, Pork Products For Various Reasons

FSIS Announces Recalls Of 22K Pounds Of Beef, Pork Products For Various Reasons

The U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS announced recalls of around 22 thousand pounds of select beef and pork products, citing various reasons including misbranding and undeclared allergens. Springville, Utah-based Springville Meat & Cold Storage Co., Inc. called back around 15,388 pounds of heat-treated shelf-stable ready-to-eat or RTE beef jerky/beef...
RTTNews | Před 9 h 6 min