European Stocks Pare Early Gains, Turning In Mixed Performance

RTTNews | Před 877 dny

(RTTNews) - After a firm start, European stocks are turning in a mixed performance on Monday as the mood has turned somewhat cautious with investors awaiting more earnings and economic updates from the U.S. for more clarity about the state of the world's largest economy.

Dovish comments from Bank of Japan's Governor and the People's Bank of China, and optimism about Chinese economy lifted sentiment early on in the session, but some of the major markets have retreated after scaling fresh multi-month and multi-year highs.

The Chinese economy is expected to have grown 4% in the first quarter versus 2.9% earlier. Industrial production in March is seen rising to 4% from 2.4% in the previous period.

The U.K.'s FTSE 100, which climbed to 7,916.67, is up 18.20 points or 0.23% at 7,890.11. France's CAC 40, which hit a fresh high at 7,552.00, has dropped to 7,512.91, down 6.70 points or about 0.1% from the previous close. Germany's DAX is down 10.95 points or 0.07% at 15,796.55, well off an early high of 15,903.25.

The pan European Stoxx 600 is roughly flat at 467.14, easing from an early high of 468.95.

In the UK market, Royal Mail is up 5%. EasyJet is climbing 4% and IAG is up by 2.3%.

Just Eat Takeaway.com, BP, Coca-Cola, RightMove, DS Smith, Compass Group, Rio Tinto, Smurfit Kappa Group, Tesco, BT Group, Informa and Vodafone are gaining 1.3 to 2%.

Melrose Industries is declining 2.5%. Barclays, Prudential, Schrodders, HSBC Holdings and Natwest Group are also down with notable losses.

In the German market, RWE, MTU Aero Engines, Merck, Brenntag, Sartorius and Henkel are gaining 1 to 1.6%.

CommerzBank, Deutsche Bank, Munich RE, Hannover Rueck, Fresenius Medical Care, Adidas, Mercedes-Benz, BMW and Siemens Energy are down 1 to 2%.

In Paris, WorldLine is gaining about 3.4%. Publicis Groupe, Safran, Teleperformance, Endie and TotalEnergies are up 1 to 1.5%.

Renault is down 1.4%. The company, which reported a 9% surge in sales in the first quarter, announced that it is reviewing its pricing policies of electric cars worldwide after Tesla cut prices to boost demand.

Capgemini, Societe Generale, LVMH, Essilor, BNP Paribas and AXA are down 1 to 4%.

Swiss Franc Falls Against Majors

The Swiss franc dropped against its major counterparts in the New York session on Wednesday.

RTTNews | Před 1 h 18 min

Swiss Market Ends Moderately Lower

After a brief spell in positive territory early on in the session on Wednesday, the Switzerland market turned a bit easy and moved along the flat line till around mid afternoon before losing ground to eventually close on a negative note.

RTTNews | Před 4 h 7 min

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Wednesday as investors digested data showing a modest drop in U.S. producer prices in the month of August, and continued to assess the developments on the trade front. Some of the major markets started off on a firm note, but failed to sustain at higher levels.

RTTNews | Před 4 h 37 min

U.S. Wholesale Inventories Inch Up 0.1% In July, Slightly Less Than Expected

Wholesale inventories in the U.S. increased slightly less than expected in the month of July, according to a report released by the Commerce Department on Wednesday. The Commerce Department said wholesale inventories crept up by 0.1 percent in July after rising by an upwardly revised 0.2 percent in June.

RTTNews | Před 7 h 50 min

U.S. Producer Prices Unexpectedly Edge Slightly Lower In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by U.S. producer prices in month of August. The Labor Department said its producer price index for final demand edged down by 0.1 percent in August after climbing by a downwardly revised 0.7 percent in July.

RTTNews | Před 8 h 12 min

U.S. Producer Prices Unexpectedly Edge Down 0.1% In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by producer prices in the U.S. in the month of August.

RTTNews | Před 9 h 31 min

Bay Street Seen Opening Higher

Canadian stocks are likely to open higher on Wednesday, tracking firm oil and metal prices. The mood may change a bit cautious at higher levels with investors looking ahead to the crucial U.S. inflation data, due later in the week.

RTTNews | Před 9 h 41 min

Major European Markets In Positive Territory In Cautious Trade

The major European markets are up in positive territory on Wednesday with investors picking up stocks amid continued optimism about a sharp rate cut by the Federal Reserve following recent weak labor market data. Easing concerns on the trade front also contribute to the positive sentiment in the markets.

RTTNews | Před 10 h 14 min

EURUSD	1.17007	GBPUSD	1.35332	AUDUSD	0.66146
USDJPY	147.412	USDCAD	1.38617	USDCHF	0.799