European Shares Edge Higher As Investors Look Ahead To Fed, ECB Meetings

RTTNews | vor 212 Tagen

(RTTNews) - European stocks traded higher on Tuesday as investors looked ahead to upcoming Fed and ECB meetings.

On a light day on the economic front, data showed a measure of French consumer confidence rose to 92 in January from 89 in the previous month.

The Spanish Economy Ministry said it will raise its gross domestic product growth target for this year above the current 2.4 percent.

The pan European STOXX 600 was up 0.3 percent at 531.23 after ending flat with a negative bias the previous day.

The German DAX edged up by 0.1 percent and the U.K.'s FTSE 100 rose 0.3 percent, while France's CAC 40 slipped 0.1 percent.

German media company Freenet AG rose over 1 percent after appointing Robin John Andes Harries as its new CEO.

Energy technology group Siemens Energy rallied 3 percent after reporting increased sales and earnings figures for the first quarter and raising part of its forecast for the 2024/25 financial year.

Basilea Pharma added 1.3 percent. The commercial-stage biopharmaceutical company announced that the total global in-market sales of its leading antifungal Cresemba increased 20 percent year-on-year to $533 million in the twelve-month period between October 2023 and September 2024.

SAP SE gained half a percent. The business-software group raised its operating profit and sales guidance for the year.

SThree fell 2.5 percent in London after fiscal 2024 profit before income tax declined to 67.64 million pounds from 77.91 million pounds in the prior year.

French engineering and technology consulting group Alten SA jumped 9 percent after 2024 revenue increased by 1.8 percent.

Netcompany Group A/S plunged 17 percent after Q4 revenue came in below expectations.

Canadian Stocks Turning In Mixed Performance; TSX Down Marginally

After a positive start and a subsequent drop early on in the session, the Canadian market remains weak around early afternoon on Thursday, weighed down by losses in consumer staples, industrials and communications sectors.

RTTNews | vor 19 Minuten

U.S. Pending Home Sales Fall More Than Expected In July

A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.

RTTNews | vor 2Std 46 Minuten

Eurozone Economic Confidence Weakens In August

Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.

RTTNews | vor 2Std 56 Minuten

Walgreen Co. Now Operating As Private Standalone Company Under Sycamore Partners

Independent retail pharmacy Walgreen Co. announced Thursday it is now operating as a private standalone company following the closure of the acquisition of Walgreens Boots Alliance, Inc. (WBA) by New York-based private equity firm Sycamore Partners.

RTTNews | vor 3Std 8 Minuten

U.S. Economy Surges More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.

RTTNews | vor 3Std 19 Minuten

U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd. The Labor Department said initial jobless claims dipped to 229,000, a decrease of 5,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to slip to 230,000.

RTTNews | vor 3Std 25 Minuten

Switzerland Logs Weaker Growth, Trims 2026 Outlook

The Swiss economy expanded modestly in the second quarter, as estimated earlier, and higher U.S. tariffs are set to push down growth prospects, the State Secretariat for Economic Affairs said Thursday. Gross domestic product grew 0.1 percent from the first quarter, unchanged from the flash estimate. Growth softened notably from 0.7 percent in the first quarter.

RTTNews | vor 4Std 31 Minuten

U.S. GDP Jumps More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday.

RTTNews | vor 4Std 38 Minuten

EURUSD	1.16955	GBPUSD	1.35287	AUDUSD	0.65364
USDJPY	146.675	USDCAD	1.37452	USDCHF	0.79992