European Shares Retreat As Recession Worries Mount

RTTNews | Před 1108 dny

(RTTNews) - European stocks tumbled on Monday, with fears of aggressive monetary tightening and concerns over Europe's energy crisis keeping investors nervous.

Russia will halt natural gas supplies to Europe for three days at the end of the month, state energy giant Gazprom said on Friday, deepening the energy crunch that's threatening to plunge the region into a recession.

Bundesbank President Joachim Nagel told German newspaper Rheinischen Post that inflation in Germany could hit a 70-year high of 10 percent this fall as Russian natural-gas supplies slow.

A recession appears likely next winter but the European Central Bank should continue increasing rates to tame inflation, he added.

Elsewhere, Richmond Fed President Thomas Barkin said on Friday that the "urge" among central bankers was towards faster, front-loaded rate increases.

Investors await minutes of the ECB's last policy meeting and Federal Reserve Chair Jerome Powell's key speech at the Fed's annual economic symposium this week for additional clues on the economic and rate outlook.

The pan European Stoxx 600 was down 1.1 percent at 432.47 after declining 0.8 percent on Friday.

The German DAX lost 1.8 percent, France's CAC 40 index shed 1.6 percent and the U.K.'s FTSE 100 was down half a percent.

Miners Anglo American and Antofagasta lost 1-2 percent on concerns about China's growth prospects.

Cinema chain Cineworld Group rallied 2.3 percent after confirming that it is considering a voluntary Chapter 11 filing in the United States.

Wizz Air Holdings, a Hungarian ultra-low-cost carrier, plunged 6.5 percent on news its chief financial officer Jourik Hooghe will be stepping down to pursue another opportunity.

German healthcare group Fresenius SE surged 6 percent on news that Chief Executive Officer Stephan Sturm will leave the company next month, and will be succeeded by Michael Sen, currently the CEO of subsidiary Fresenius Kabi.

Shares of its dialysis unit Fresenius Medical Care rose over 1 percent.

Consumer Staples, Materials Stocks Rise As TSX Hits New Record High

The Canadian market is up in positive territory a little past noon on Wednesday, thanks to strong gains in consumer staples, materials and technology sectors. Energy and healthcare stocks are weak, while shares from rest of the sectors are turning in a mixed performance.

RTTNews | Před 16 minutami

U.S. Job Openings Fall To Ten-Month Low In July

Job openings in the U.S. fell to their lowest level in ten months in July, according to a report released by the Labor Department on Wednesday. The Labor Department said job openings dipped to 7.181 million in July after tumbling to a downwardly revised 7.357 million in June.

RTTNews | Před 1 h 29 min

U.S. Factory Orders Slump Roughly In Line With Estimates In July

A report released by the Commerce Department on Wednesday showed an extended slump by new orders for U.S. manufactured goods in the month of July. The Commerce Department said factory orders fell by 1.3 percent in July after plunging by 4.8 percent in June. Economists had expected factory orders to decrease by 1.4 percent.

RTTNews | Před 2 h 35 min

Eurozone Private Sector Growth At 1-Year High

The euro area private sector expanded at the fastest pace in a year in August but the overall pace was sluggish as the service sector held back growth, final survey data from S&P Global showed on Wednesday. The HCOB composite output index rose to 51.0 in August from 50.9 in July. The score was slightly below the initial estimate of 51.1.

RTTNews | Před 3 h 51 min

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a somewhat mixed note on Wednesday, tracking commodity prices. With some crucial economic data, including jobs data from Canada and the U.S. due later in the week, the mood is likely to remain cautious.

RTTNews | Před 4 h 11 min

FTSE Up Nearly 0.6%; Miners Among Top Gainers

The U.K. market remains well placed in positive territory in early afternoon trades on Wednesday, coming back strongly after posting a notable loss in the previous session. Mining stocks are among the prominent gainers.

RTTNews | Před 4 h 59 min

CAC 40 Up Nearly 1%; Schneider Electric Rises Over 3.5%

French stocks are up firmly in positive territory on Wednesday, recovering strongly after suffering a setback in the previous session amid concerns over debt sustainability in major economies across Europe and Asia, and political uncertainty in France.

RTTNews | Před 5 h 37 min

Sensex, Nifty End Higher After Choppy Trade

Indian shares closed higher on Wednesday despite weak cues from global markets as investors grappled with rising bond yields and renewed trade uncertainty.

RTTNews | Před 6 h 27 min

EURUSD	1.16741	GBPUSD	1.345	AUDUSD	0.65522
USDJPY	147.945	USDCAD	1.37891	USDCHF	0.80332