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European Shares Broadly Lower On Growth Concerns

RTTNews | vor 969 Tagen

European Shares Broadly Lower On Growth Concerns

(RTTNews) - European stocks were broadly lower on Monday after a survey showed business activity in the euro zone declined for a fifth month in November, adding to the likelihood that the euro zone is sliding into a mild recession.

S&P Global's final composite Purchasing Managers' Index (PMI) for the region edged up to 47.8 in November from October's 23-month low of 47.3 and matching a preliminary estimate.

The pan-European STOXX 600 was down 0.2 percent at 442.40, giving up earlier gains.

The German DAX slipped 0.4 percent and France's CAC 40 index eased 0.3 percent while the U.K.'s FTSE 100 was up 0.2 percent.

Nestle fell about 1 percent after the Swiss FMCG company announced that it will restrict its marketing of high sugary products to kids under the age of 16.

Novartis climbed nearly 2 percent. The pharmaceutical company said a prostate treatment that delivers radiation to specifically targeted cancer cells helped patients in a study that will be used for U.S. regulatory approval.

Mining giant Glencore jumped 2.2 percent after entering into a $180 million corruption settlement with DRC.

Vodafone rose half a percent. The telecoms group said that Nick Read is stepping down as chief executive of the group after four years in the top job.

TR Property Investment Trust gained about 1 percent despite the company reporting a loss from operations before tax of 517.6 million pounds for the first half of the year.

National Grid was marginally lower after completing a £4.2bn deal to sell a 60 percent equity interest in its U.K. gas transmission and metering business (NGG) to a consortium.

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European Stocks Close Mostly Weak As Investors React To Earnings

European Stocks Close Mostly Weak As Investors React To Earnings

European markets closed mostly lower on Thursday as investors reacted to a slew of earnings announcements and digested the latest batch of economic data from the region, and also followed the developments on the trade front.

RTTNews | vor 12 Minuten

U.S. Consumer Price Growth Matches Estimates In June

U.S. Consumer Price Growth Matches Estimates In June

A closely watched report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent in June after inching up by an upwardly revised 0.2 percent in May.

RTTNews | vor 3Std 1 Minuten

German Unemployment Rises In July

German Unemployment Rises In July

Germany's unemployment increased less than expected in July but the overall number of people out of work remained close to the 3 million mark due to the prolonged period of economic slowdown, official data revealed on Thursday. The number of unemployed rose by less-than-expected 2,000 from June, the Federal Employment Agency said. For July, economists had forecast an increase of 15,000.

RTTNews | vor 3Std 43 Minuten

U.S. Jobless Claims Inch Up Less Than Expected To 218,000

U.S. Jobless Claims Inch Up Less Than Expected To 218,000

First-time claims for U.S. unemployment benefits edged slightly higher in the week ended July 26th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims crept up to 218,000, an increase of 1,000 from the previous week's unrevised level of 217,000. Economists had expected jobless claims to rise to 224,000.

RTTNews | vor 3Std 51 Minuten

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

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

A closely watched report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of June.

RTTNews | vor 4Std 34 Minuten

Bay Street Looks Headed For Positive Start

Bay Street Looks Headed For Positive Start

Canadian shares look headed for a positive start Thursday morning, with investor sentiment getting a boost thanks to strong results from US tech majors Meta Platforms and Microsoft.

RTTNews | vor 4Std 38 Minuten

U.S. Weekly Jobless Claims Inch Up Less Than Expected

U.S. Weekly Jobless Claims Inch Up Less Than Expected

First-time claims for U.S. unemployment benefits edged slightly higher in the week ended July 26th, according to a report released by the Labor Department on Thursday.

RTTNews | vor 4Std 44 Minuten

FTSE 100 Modestly Higher; Rolls-Royce Holdings, Rentokil Shares Soar

FTSE 100 Modestly Higher; Rolls-Royce Holdings, Rentokil Shares Soar

The UK stock market is up in positive territory Thursday afternoon, riding on some strong earnings and guidance updates from big name companies. Investors are also reacting to the latest developments on the tariff front.

RTTNews | vor 5Std 13 Minuten

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