European Shares Surge With Tech Stocks In Focus

RTTNews | il y a 108
European Shares Surge With Tech Stocks In Focus

(RTTNews) - European stocks rose sharply on Monday following the U.S. decision to grant tariff exclusions on smartphones, computers, and other electronics—many of which are imported from China.

The pan-European STOXX 600 jumped 2.1 percent to 497 after finishing marginally lower on Friday.

The German DAX climbed 2.5 percent, France's CAC 40 added 2.1 percent and the U.K.'s FTSE 100 was up 1.9 percent.

Tech stocks surged, with Dassault Systemes, ASM International, Infineon Technologies, ASML Holding and Logitech climbing 3-7 percent.

German steel producer Salzgitter AG tumbled 3.3 percent after it has ended talks with a bidding consortium on a possible takeover.

Vallourec SA soared 5.3 percent. The French manufacturer of tubular solutions said it has entered into negotiations with Aldebaran Capital Partners for the sale of its welding solutions unit Serimax for an enterprise value of 79 million euros.

Emerging markets-focused asset manager Ashmore Group plunged 6 percent after announcing disappointing third-quarter results.

China-related luxury giant LVMH rose over 1 percent ahead of its earnings release later in the day.

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Swiss Market Ends Moderately Lower

Swiss Market Ends Moderately Lower

Despite a decent spell in positive territory till about an hour before noon, the Switzerland market turned weak and kept drifting lower as the session progressed on Thursday to eventually settle with a moderate loss.
RTTNews | il y a 29 minutes
U.S. Consumer Price Growth Matches Estimates In June

U.S. Consumer Price Growth Matches Estimates In June

A closely watched report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent in June after inching up by an upwardly revised 0.2 percent in May.
RTTNews | il y a 3h 48min
German Unemployment Rises In July

German Unemployment Rises In July

Germany's unemployment increased less than expected in July but the overall number of people out of work remained close to the 3 million mark due to the prolonged period of economic slowdown, official data revealed on Thursday. The number of unemployed rose by less-than-expected 2,000 from June, the Federal Employment Agency said. For July, economists had forecast an increase of 15,000.
RTTNews | il y a 4h 30min
U.S. Jobless Claims Inch Up Less Than Expected To 218,000

U.S. Jobless Claims Inch Up Less Than Expected To 218,000

First-time claims for U.S. unemployment benefits edged slightly higher in the week ended July 26th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims crept up to 218,000, an increase of 1,000 from the previous week's unrevised level of 217,000. Economists had expected jobless claims to rise to 224,000.
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Bay Street Looks Headed For Positive Start

Bay Street Looks Headed For Positive Start

Canadian shares look headed for a positive start Thursday morning, with investor sentiment getting a boost thanks to strong results from US tech majors Meta Platforms and Microsoft.
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