European Shares Extend Gains As Growth, Rate Hike Worries Ease

RTTNews | vor 959 Tagen

(RTTNews) - European stocks rose on Friday to hover near a nine-month high, as investors cheered signs of slowing U.S. inflation and better-than-expected trade data from China.

Closer home, the German economy likely stagnated in the fourth quarter of last year with GDP rising 1.9 percent over the full-year 2022, official data showed.

Separate data showed the British economy unexpectedly grew in November.

GDP grew 0.1 percent in the month as food and drink businesses benefited from the FIFA World Cup.

The pan-European STOXX 600 climbed 0.6 percent to 452.72, after having risen 0.6 percent to its highest level since April 2022 on Thursday.

The German DAX inched up 0.2 percent, while France's CAC 40 index and the U.K.'s FTSE 100 were up around 0.6 percent each.

Swiss building materials firm Holcim Group was little changed after saying its Swiss team GO CIRCULAR is ready to set sail in The Ocean Race for its first round-the-world regatta.

Healthcare stocks traded higher, with Roche Holding and Novo Nordisk gaining 1-2 percent.

Italy's Enel rose about 1 percent. The CEO of the Italian power utility was quoted as saying that the company could secure up to 5 billion euros ($5.4 billion) of EU investment funding.

Online gambling company Kindred Group plunged 17 percent after a profit warning. Miners extended recent gains, with Antofagasta and Glencore rising about 2 percent each on optimism around China's reopening.

U.K. banks Standard Chartered and HSBC Holdings rallied 1-2 percent. Rational AG, a German manufacturer and retailer of combi steamers and ovens, jumped 2.6 percent. The company reported that its preliminary sales revenues for fiscal 2022 increased 31 percent year-on-year.

United Internet rallied 3.5 percent. Reuters reported that the company's web hosting subsidiary Ionos wants to begin the process for an initial public offering (IPO) this month.

Canadian Market Up In Positive Territory; BRP Rises Sharply On Strong Earnings

Despite weak GDP data, the Canadian market is up firmly in positive territory Friday afternoon with stocks from materials and healthcare sectors contributing significantly to the gains.

RTTNews | vor 1Std 50 Minuten

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.

RTTNews | vor 2Std 27 Minuten

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.

RTTNews | vor 2Std 55 Minuten

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.

RTTNews | vor 5Std 40 Minuten

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.

RTTNews | vor 5Std 59 Minuten

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

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.

RTTNews | vor 6Std 42 Minuten

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1

RTTNews | vor 7Std 12 Minuten

U.S. PCE Price Index Increased In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday.

RTTNews | vor 7Std 24 Minuten

EURUSD	1.16988	GBPUSD	1.35132	AUDUSD	0.65443
USDJPY	146.967	USDCAD	1.37355	USDCHF	0.79999