European Shares Slip As Investors Await Powell Testimony, BoE Rate Decision

RTTNews | hace 801

(RTTNews) - European shares traded lower in cautious trade on Monday, as China stimulus hopes faded and caution crept in ahead of China's June loan prime rate announcement and Fed Chair Jerome Powell's testimonies due this week.

The Bank of England meets on Thursday and the central bank is expected to raise interest rates by a quarter point to a 15-year high of 4.75 percent, marking its 13th straight rate rise.

The pan European STOXX 600 was down 0.6 percent at 463.99 after gaining half a percent on Friday.

The German DAX, France's CAC 40 and the U.K.'s FTSE 100 were down between 0.4 percent and 0.6 percent.

Sartorius plunged more than 15 percent. The Franco-German lab equipment maker slashed its 2023 view, saying it expects sales revenue for the second half of the year to be below expectations due to weak demand.

Coca-Cola HBC AG declined 1 percent on news it would acquire the Finlandia vodka brand from Brown-Forman for $220m.

China-exposed luxury giant LVMH fell 1.4 percent and Hermes International dropped 1.4 percent after Friday's State Council meeting in China ended with no concrete policies to boost the economy.

Likewise, miners Anglo American, Antofagasta and Glencore shed 1-2 percent on worries about demand from the top metal consumer.

MTU Aero Engines AG rallied 3.3 percent after lifting its 2023 earnings forecast.

Surface Transforms, a maker of carbon-ceramic brake discs for automotive and aircraft applications, fell 1.5 percent after it appointed Isabelle Maddock as new Chief Financial Officer, effective September 4.

Egham-headquartered Spectris was little changed after entering an agreement for the $37.6 million purchase of MicroStrain Sensing Systems Business.

Lucky Strike maker British American Tobacco rose half a percent after it revealed significant changes to its management board.

Drug maker AstraZeneca fell about 1 percent after reportedly announcing plans to spin-off its China business.

European Stocks Close Weak

European stocks closed lower on Thursday as the mood remained largely cautious with investors closely following geopolitical news, digesting tech giant Nvidia's earnings, and some crucial economic data from the U.S.

RTTNews | hace 21 minutos

Canadian Stocks Turning In Mixed Performance; TSX Down Marginally

After a positive start and a subsequent drop early on in the session, the Canadian market remains weak around early afternoon on Thursday, weighed down by losses in consumer staples, industrials and communications sectors.

RTTNews | hace 54 minutos

U.S. Pending Home Sales Fall More Than Expected In July

A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.

RTTNews | hace 3h 21min

Eurozone Economic Confidence Weakens In August

Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.

RTTNews | hace 3h 32min

Walgreen Co. Now Operating As Private Standalone Company Under Sycamore Partners

Independent retail pharmacy Walgreen Co. announced Thursday it is now operating as a private standalone company following the closure of the acquisition of Walgreens Boots Alliance, Inc. (WBA) by New York-based private equity firm Sycamore Partners.

RTTNews | hace 3h 43min

U.S. Economy Surges More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.

RTTNews | hace 3h 54min

U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd. The Labor Department said initial jobless claims dipped to 229,000, a decrease of 5,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to slip to 230,000.

RTTNews | hace 4h 0min

Switzerland Logs Weaker Growth, Trims 2026 Outlook

The Swiss economy expanded modestly in the second quarter, as estimated earlier, and higher U.S. tariffs are set to push down growth prospects, the State Secretariat for Economic Affairs said Thursday. Gross domestic product grew 0.1 percent from the first quarter, unchanged from the flash estimate. Growth softened notably from 0.7 percent in the first quarter.

RTTNews | hace 5h 6min

EURUSD	1.16906	GBPUSD	1.35208	AUDUSD	0.65364
USDJPY	146.764	USDCAD	1.3746	USDCHF	0.8004