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European Shares Rally As Trump Gives Tariff Breather To EU

RTTNews | hace 87

European Shares Rally As Trump Gives Tariff Breather To EU

(RTTNews) - European stocks opened on a buoyant note Monday as U.S. President Donald Trump delayed the roll out of 50 percent tariffs on the European Union to July 9 from June 1, following a call from EU Commission President Ursula von der Leyen.

"The EU and US share the world's most consequential and close trade relationship. Europe is ready to advance talks swiftly and decisively. To reach a good deal, we would need the time until July 9," Von der Leyen wrote on X.

The pan European STOXX 600 jumped 0.9 percent to 550.26 after falling 0.9 percent on Friday.

The German DAX climbed 1.6 percent and France's CAC 40 gained 1.2 percent while the U.K. markets were closed for the Spring Bank holiday.

Automakers topped the gainers list as tariff-related pressures eased.

BMW rose 1.3 percent, Mercedes Benz advanced 1.6 percent, Volkswagen added 1.4 percent and Renault rose 0.8 percent.

Luxury stocks such as LVMH, Kering and Richemont were up around 1 percent each.

Skanska AB rose over 1 percent on winning a contract to expand and renovate a correctional facility in Sweden for 1.3 billion kronor.

Austrian utility and environmental services company EVN AG rallied 3.4 percent after reporting solid first-half results and maintaining its full-year forecast.

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FTSE 100 Slips Ahead Of Speeches At Jackson Hole Symposium

FTSE 100 Slips Ahead Of Speeches At Jackson Hole Symposium

U.K. stocks are drifting down a bit on Thursday with investors largely staying cautious, digesting flash survey data on regional manufacturing and services sector activity, and looking ahead to the Jackson Hole Symposium.

RTTNews | hace 30 minutos

CAC 40 Moderately Lower

CAC 40 Moderately Lower

French stocks are exhibiting weakness on Thursday in cautious trade, with investors awaiting speeches from central bank chiefs at the Jackson Hole Symposium, which gets underway later in the day. Investors are also digesting flash survey figures on regional manufacturing and services sector activity in the month of August.

RTTNews | hace 55 minutos

Eurozone Private Sector Expands At Fastest Pace In 15 Months

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Eurozone private sector expanded at the fastest pace in 15 months in August on stronger growth in manufacturing output despite challenges posed by U.S. trade tariffs. The HCOB flash composite output index climbed more-than-expected to 51.1 in August from 50.9 in July, survey results from S&P Global revealed Thursday. The score was seen at 50.7.

RTTNews | hace 59 minutos

DAX Down Marginally

DAX Down Marginally

German stocks are down in negative territory on Thursday with investors making cautious moves while looking ahead to Fed Chair Jerome Powell's speech at the Jackson Hole Symposium for clues about the central bank's likely move on rate cuts this year.

RTTNews | hace 1h 13min

Sensex, Nifty Extend Gains For Sixth Day On GST Optimism

Sensex, Nifty Extend Gains For Sixth Day On GST Optimism

Indian shares extended gains for a sixth day running on Thursday as investors continued to remain optimistic about S&P's rating upgrade for India, improving Sino-India relations and the Centre's plan to rationalize Goods and Services Tax (GST).

RTTNews | hace 1h 28min

Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Thursday.

RTTNews | hace 2h 31min

European Shares Subdued Ahead Of Jackson Hole Summit

European Shares Subdued Ahead Of Jackson Hole Summit

European stocks were little changed on Thursday as investors looked ahead to Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium for hints of possible rate cuts this year.

RTTNews | hace 2h 39min

Indian Rupee Rises To 2-day High On Upbeat India's PMI Data

Indian Rupee Rises To 2-day High On Upbeat India's PMI Data

The Indian rupee strengthened against the U.S. dollar in the European session on Thursday, after India's private sector activity expanded at the fastest pace on record amid sharp growth in new orders.

RTTNews | hace 2h 51min

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