European Shares Extend Gains As Investors Look To ECB Meeting

RTTNews | vor 1057 Tagen
European Shares Extend Gains As Investors Look To ECB Meeting

(RTTNews) - European stocks edged higher on Monday ahead of this week's ECB meeting and the expected resumption of an important gas pipeline that is currently closed for maintenance.

The euro held at one-week high after several Fed officials said they didn't favor a 100-bps rate hike.

At its July 21 meeting, the European Central bank is likely to hike its policy rates by 25 basis points and signal a 50-basis point increase for September.

Elsewhere, Italian Prime Minister Mario Draghi will address parliament on Wednesday after his resignation was rejected by the country's president.

The pan European Stoxx 600 jumped 1.45 percent to 419.79 after climbing 1.8 percent on Friday.

The German DAX, France's CAC 40 and the U.K.'s FTSE 100 were up between 1.3 percent and 1.4 percent.

Euromoney Institutional Investor jumped 9.4 percent after it agreed to be bought by a private equity consortium led by France's Astorg Asset Management for £1.6bn.

GSK slumped 19 percent after the drug maker spun of its consumer health business in the biggest listing in Europe for more than a decade.

Finland's Nordea Bank rallied 3.5 percent after its second-quarter profit beat estimates.

Food delivery company Deliveroo added 1.5 percent despite cutting its annual sales forecast.

Public relations and advertising giant WPP rose 1.2 percent after buying ecommerce agency Corebiz for an undisclosed amount.

read more
FDA, CDC Probe Salmonella Outbreak As Around 1.70 Mln Dozen Brown Eggs Recalled

FDA, CDC Probe Salmonella Outbreak As Around 1.70 Mln Dozen Brown Eggs Recalled

The U.S. Food and Drug Administration and the Centers for Disease Control and Prevention or CDC are investigating a Salmonella Enteritidis outbreak linked to brown eggs that sickened nearly 79 across 7 states. Associated with the ongoing probe, August Egg Co. recalled around 1.70 million dozen brown cage-free and brown certified organic eggs sold through Walmart and other retail locations.
RTTNews | vor 3Std 20 Minuten
Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

Canadian shares may open slightly higher on Monday amid optimism about some positive progress in U.S.-China trade talks. Energy stocks are likely to find some support on higher crude oil prices.. The U.S.-China discussions will aim to resolve some major trade disputes between the two major economies.
RTTNews | vor 5Std 13 Minuten
FTSE 100 Down Marginally At Noon

FTSE 100 Down Marginally At Noon

The U.K. market is down marginally at noon on Monday with investors mostly making cautious moves amid a lack of triggers. The focus is on trade talks between the U.S. and Chinese officials in London. Weak Chinese exports data weighs on sentiment.
RTTNews | vor 6Std 24 Minuten
CAC 40 Down Slightly In Lackluster Trade

CAC 40 Down Slightly In Lackluster Trade

French stocks are down slightly in lackluster trade on Monday with investors refraining from making significant moves as they await the high-level trade talks between U.S. and Chinese officials in London later in the day.
RTTNews | vor 6Std 45 Minuten
DAX Down Over 0.5% In Cautious Trade

DAX Down Over 0.5% In Cautious Trade

German stocks are down in negative territory on Monday as investors make cautious moves while awaiting crucial talks between U.S. and Chinese officials in London later in the day. The discussions will aim to resolve some major trade disputes between the two major economies. Treasury Secretary Scott Bessent leads the U.S. delegation in the high-level trade talks.
RTTNews | vor 7Std 6 Minuten
Church & Dwight Recalls All Lots Of Zicam Nasal, Orajel Teething Swabs

Church & Dwight Recalls All Lots Of Zicam Nasal, Orajel Teething Swabs

Church & Dwight Co., Inc. has called back all lots of Zicam nasal swabs and Orajel baby teething swabs citing potential microbial contamination, according to the U.S. Food and Drug Administration. Cold remedy nasal swabs are a zinc-free, homeopathic cold remedy swab designed to shorten the duration of the common cold
RTTNews | vor 7Std 44 Minuten