European Shares Gain As German Business Confidence Improves

RTTNews | hace 962
European Shares Gain As German Business Confidence Improves

(RTTNews) - European stocks rose notably on Monday after last week's brutal selloff following hawkish signals from the Federal Reserve and the European Central Bank.

Sentiment was underpinned after Chinese policymakers pledged to fine-tune COVID controls and boost the country's ailing property market.

Investors also reacted positively to the latest survey results showing that a measure of German business sentiment increased for a third straight month in December.

The Ifo business-climate index rose to 88.6 from a revised 86.4 in November. This was above economists' forecast of 87.4.

The pan European STOXX 600 jumped 0.6 percent to 427.17 after declining 1.2 percent on Friday.

The German DAX climbed 0.7 percent, France's CAC 40 index added 0.8 percent and the U.K.'s FTSE 100 gained 0.4 percent.

Freenet AG jumped nearly 4 percent after Deutsche Bank raised its rating on the stock.

BP Plc gained more than 3 percent, Shell added 2.9 percent and TotalEnergies surged 3.1 percent, as oil prices jumped around 1 percent on optimism over demand recovery due to China's easing of COVID curbs.

AstraZeneca edged down slightly after announcing mixed results from a lung cancer trial.

James Fisher & Sons rose nearly 2 percent. The provider of marine engineering services has announced the sale of three businesses, in two separate transactions.

read more
China Exports Growth Accelerates; Imports Rise Unexpectedly

China Exports Growth Accelerates; Imports Rise Unexpectedly

China's exports logged a robust growth in July as the sharp decline in shipments to the US was offset by the rise in exports to the EU and other markets, official data revealed Thursday. Exports surged 7.2 percent on a yearly basis, following June's 5.8 percent increase, the customs office reported. Exports were forecast to climb 5.4 percent.
RTTNews | hace 16 minutos
UK House Prices Rise At Fastest Pace In 6 Months

UK House Prices Rise At Fastest Pace In 6 Months

UK house prices grew at the fastest pace in six months in July as the property market started to stabilize following the end of the stamp duty holiday, data from the mortgage lender Halifax showed on Thursday. House prices increased by more-than-expected 0.4 percent in July from June. Prices were expected to grow at a steady pace of 0.1 percent in July. Moreover, this was the fastest growth sinc
RTTNews | hace 56 minutos
German Exports Recover In June

German Exports Recover In June

Germany's exports grew for the first time in three months in June despite falling shipments to the US, data from Destatis revealed Thursday. Exports advanced 0.8 percent on a monthly basis in June, reversing a fall of 1.4 percent in May. Shipments were expected to rise 0.5 percent. Reflecting the impact of higher tariff, exports to the United States dropped 2.1 percent on a monthly basis.
RTTNews | hace 1h 27min
European Economic News Preview: BoE Likely To Cut Rates

European Economic News Preview: BoE Likely To Cut Rates

The Bank of England is widely expected to cut its interest rates for the fifth time in a year to support the economy even as inflation continued to stay stubbornly above the target. Markets anticipate a quarter-point cut, bringing the bank rate to 4.00 percent, which will be the lowest since early 2023.
RTTNews | hace 2h 32min
European Shares Poised For Mixed Open

European Shares Poised For Mixed Open

European stocks are seen opening on a mixed note Thursday after U.S. President Donald Trump announced he will impose a 100 percent tariff on imports of semiconductors and chips, with exemptions for companies relocating production to the U.S.
RTTNews | hace 2h 57min
Sensex, Nifty Open Lower On Tariff Concerns

Sensex, Nifty Open Lower On Tariff Concerns

Indian shares opened a tad lower on Thursday after U.S. President Donald Trump signed an executive order imposing an additional 25 percent tariff on India as a "penalty" in response to its continued purchase of Russian oil.
RTTNews | hace 4h 4min