European Stocks Close Lower On Thin Volumes After Cautious Session

RTTNews | hace 731
European Stocks Close Lower On Thin Volumes After Cautious Session

(RTTNews) - European stocks closed lower on Monday as worries about inflation and further interest rate hikes offset positive progress in U.S. debt ceiling deal negotiations.

U.S. President Joe Biden and Congressional Republican McCarthy agreed on a debt ceiling deal on Saturday to avert an economically destabilizing default by suspending the $31.4 trillion debt ceiling until 2025.

The bipartisan agreement now has to clear a divided Congress before the United States runs out of money to pay its debts in early June.

With the U.K. stock market and Wall Street, and several markets in Europe closed for a holiday, volumes were rather thin today.

The pan European Stoxx 600 edged down 0.12%. Germany's DAX and France's CAC 40 ended lower by 0.2% and 0.21%, respectively. The Switzerland market was closed for Pentecost.

In the French market, WorldLine drifted down by about 2.5%. STMicroElectronics, Societe Generale, Essilor, Dassault Systemes, L'Oreal, Kering and Renault lost 0.6 to 1.2%.

Unibail Rodamco climbed about 1.2%. Carrefour, AXA, Bouygues and Veolia gained 0.4 to 0.8%.

In the German market, Continental ended more than 2% down. Zalando, Covestro, Puma, Adidas, Vonovia, Porsche and SAP posted moderate losses.

Fresenius Medical Care and Sartorius gained about 1.4% and 1.2%, respectively.

read more
U.S. Economic Shrinks Slightly Less Than Previously Estimated In Q1

U.S. Economic Shrinks Slightly Less Than Previously Estimated In Q1

A report released by the Commerce Department on Thursday showed the U.S. economy shrank by slightly less than previously estimated in the first quarter of 2025. The Commerce Department said real gross domestic product edged down by a revised 0.2 percent in the first quarter compared to the previously reported 0.3 percent dip. Economists had expected the modest decrease to be unrevised.
RTTNews | hace 2h 39min
U.S. Weekly Jobless Claims Climb More Than Expected To 240,000

U.S. Weekly Jobless Claims Climb More Than Expected To 240,000

First-time claims for U.S. unemployment benefits rose by more than expected in the week ended May 24th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 240,000, an increase of 14,000 from the previous week's revised level of 226,000. Economists had expected jobless claims to inch up to 230,000.
RTTNews | hace 2h 41min
Hormel Foods Recalls 256K Pounds Of Canned Beef Stew Product

Hormel Foods Recalls 256K Pounds Of Canned Beef Stew Product

Hormel Foods Corp. is recalling around 256,185 pounds of canned beef stew product that may be contaminated with foreign material, specifically wood, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The Tucker, Georgia-based branded food major's recall involves 20-oz. metal cans containing "Dinty Moore BEEF STEW" with "BEST BY FEB 2028".
RTTNews | hace 3h 16min
UK Vehicle Manufacturing Logs Weakest Start To Year Since 2009: SMMT

UK Vehicle Manufacturing Logs Weakest Start To Year Since 2009: SMMT

UK automotive manufacturing registered its weakest start to a year since 2009, the Society of Motor Manufacturers & Traders, or SMMT, said Thursday. Car and commercial vehicle production decreased 15.8 percent on a yearly basis to 59,203 units in April. Auto production fell to the lowest level for the month since 1952, excluding 2020 when the first Covid lockdown effectively saw manufacturing c
RTTNews | hace 3h 44min
Bay Street Looks Set To Start On Firm Note

Bay Street Looks Set To Start On Firm Note

Canadian shares look headed for a firm start on Thursday, with encouraging earnings by Royal Bank of Canada and Canadian Imperial Bank of Commerce, and a U.S. court ruling against U.S. President Donald Trump's sweeping tariff moves set to lift sentiment.
RTTNews | hace 3h 58min