European Shares Extend Gains On Trade Deal Optimism

RTTNews | vor 51 Tagen

(RTTNews) - European stocks rose for a fourth consecutive session on Thursday as optimism prevailed about a potential trade deal between the U.S. and the European Union. EU trade chief Maros Sefcovic said there was good progress on a framework trade agreement and a deal may even be possible within days.

Meanwhile, German inflation eased to the lowest in eight months in June, as initially estimated, due to continued decline in energy prices and slowdown in food inflation, final data from Destatis showed today.

Consumer price inflation slowed to 2.0 percent in June, in line with flash estimate, from 2.1 percent in May. A similar lower rate was last reported in October 2024.

The pan-European STOXX Europe 600 rose half a percent to 552.88 after climbing 0.8 percent on Wednesday.

The German DAX edged up by 0.1 percent, France's CAC 40 climbed 0.6 percent and the U.K.'s FTSE 100 rallied 1.1 percent.

In corporate news, Nordex SE rallied 2.5 percent after the wind turbine manufacturer announced strong order intake of 2.3 GW in the second quarter of 2025.

DCC, a sales, marketing, and support services provider, rose over 1 percent after delivering Q1 operating profit growth in line with expectations.

Jupiter Fund Management jumped 12 percent after it agreed to acquire CCLA, a U.K. asset manager covering non-profit organizations.

PageGroup climbed 2.4 percent as the recruiter forecast annual profit in line with market view.

Global advertising and communications company WPP advanced 3.3 percent after appointing Microsoft's Cindy Rose as its new CEO.

ASM International and ASML Holding both rose around 1 percent after TSMC, the chipmaker for Nvidia and Apple, reported strong Q2 sales.

Barry Callebaut AG shares slumped 13 percent. The chocolate maker cut its sales volume guidance for a second time within three months due to persistent cocoa bean price volatility.

U.S. Dollar Falls Against Most Majors

The U.S. dollar weakened against its most major counterparts in the New York session on Friday.

RTTNews | vor 17Std 14 Minuten

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.

RTTNews | vor 18Std 34 Minuten

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 20Std 47 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 21Std 23 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 21Std 52 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 1 Tagen

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 1 Tagen

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 1 Tagen

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