European Shares Broadly Lower On Growth Concerns

RTTNews | 966 दिनों पहले
European Shares Broadly Lower On Growth Concerns

(RTTNews) - European stocks were broadly lower on Monday after a survey showed business activity in the euro zone declined for a fifth month in November, adding to the likelihood that the euro zone is sliding into a mild recession.

S&P Global's final composite Purchasing Managers' Index (PMI) for the region edged up to 47.8 in November from October's 23-month low of 47.3 and matching a preliminary estimate.

The pan-European STOXX 600 was down 0.2 percent at 442.40, giving up earlier gains.

The German DAX slipped 0.4 percent and France's CAC 40 index eased 0.3 percent while the U.K.'s FTSE 100 was up 0.2 percent.

Nestle fell about 1 percent after the Swiss FMCG company announced that it will restrict its marketing of high sugary products to kids under the age of 16.

Novartis climbed nearly 2 percent. The pharmaceutical company said a prostate treatment that delivers radiation to specifically targeted cancer cells helped patients in a study that will be used for U.S. regulatory approval.

Mining giant Glencore jumped 2.2 percent after entering into a $180 million corruption settlement with DRC.

Vodafone rose half a percent. The telecoms group said that Nick Read is stepping down as chief executive of the group after four years in the top job.

TR Property Investment Trust gained about 1 percent despite the company reporting a loss from operations before tax of 517.6 million pounds for the first half of the year.

National Grid was marginally lower after completing a £4.2bn deal to sell a 60 percent equity interest in its U.K. gas transmission and metering business (NGG) to a consortium.

read more
U.S. Dollar Extends Gain Against Majors

U.S. Dollar Extends Gain Against Majors

The U.S. dollar extended gains against its major counterparts in the New York session on Monday, as investors cheered the US-EU trade deal.
RTTNews | 39 मिनटों पहले
Swiss Stocks Slip On Late Selling; SMI Ends 0.34% Down

Swiss Stocks Slip On Late Selling; SMI Ends 0.34% Down

The Switzerland market closed weak on Monday as a few stocks tumbled on selling pressure in the final hour of the day's session. The market got off to a firm start, in line with markets across Europe, as news about the U.S. and European Union agreed on a trade deal over the weekend. However, the mood turned cautious as the day progressed, and the market eventually closed on a weak note.
RTTNews | 4घंटे 19 मिनट पहले
European Markets Fail To Hold Gains, Settle Weak

European Markets Fail To Hold Gains, Settle Weak

Despite opening on a bright note, European stocks retreated and settled mostly lower on Monday, as initial buoyancy over an EU-US trade deal faded and investors looked ahead to earnings updates, some crucial economic data and policy announcements from the Federal Reserve and the Bank of Japan this week.
RTTNews | 4घंटे 45 मिनट पहले
Canadian Market Modestly Lower; Materials Stocks Decline

Canadian Market Modestly Lower; Materials Stocks Decline

Despite the U.S.-European Union agreeing on a trade deal over the weekend, the mood in the market remains cautious. The market slipped after opening flat Monday morning, and despite staging a recovery subsequently, remains in negative territory, weighed down by losses in materials sector due to weak metal prices.
RTTNews | 5घंटे 58 मिनट पहले
Tesla, Samsung Sign $16.54 Bln Chip Deal; Shares Gain

Tesla, Samsung Sign $16.54 Bln Chip Deal; Shares Gain

EV major Tesla Inc. and South Korean chip maker Samsung Electronics Co. Ltd. have entered into a contract worth around 22.76 trillion Korean Won or $16.54 billion for semiconductor contract manufacturing. Tesla founder and CEO Elon Musk in a post on the social media platform confirmed that Samsung will be making Tesla's next-generation AI6 chip.
RTTNews | 8घंटे 8 मिनट पहले
Bay Street Likely To Open Higher

Bay Street Likely To Open Higher

Canadian shares may open on a positive note Monday morning following the U.S. and European Union agreeing on a trade deal.
RTTNews | 9घंटे 25 मिनट पहले
FTSE 100 Retreats After Positive Start, Down Marginally

FTSE 100 Retreats After Positive Start, Down Marginally

The U.K. market is down slightly a little past noon on Monday, having shed early gains, as investors await a slew of corporate earnings announcements due this week. Reports about the EU and U.S. arriving at a trade deal lifted sentiment in European markets this morning, but most of the major markets are off early highs with the focus shifting to earnings and economic data.
RTTNews | 10घंटे 24 मिनट पहले