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European Shares Gain Ahead Of Consumer Confidence Data

RTTNews | 914 दिनों पहले

European Shares Gain Ahead Of Consumer Confidence Data

(RTTNews) - European stocks opened on a strong note Monday, after having suffered their worst weekly performance this year last week on concerns the Federal Reserve will keep raising rates to tame inflation.

The economic calendar remains light today, with a report on euro area consumer confidence for February awaited later in the day.

The pan-European STOXX 600 rose about 1 percent to 462.06 after falling 1 percent on Friday.

The German DAX and France's CAC 40 index both rallied around 1.3 percent, while the U.K.'s FTSE 100 was up 0.9 percent.

British outsourcing specialist Bunzl rallied 2.6 percent after reporting a jump in pre-tax profits.

Auto and aircraft parts supplier Senior Plc added 1.2 percent after it returned an annual adjusted profit from a loss in the year-ago period.

Primark owner Associated British Foods gained 1.3 percent after delivering strong first-half performance and lifting its FY23 earnings view.

Airbus gained 1.4 percent in Paris. The plane maker, in its latest study of future demand, stated that airlines based in the Pacific region will need delivery of 920 new aircraft over the next 20 years.

Thales Group shares were up around 1 percent. The maker of electrical systems and devices announced that it is continuing its recruitment initiative in 2023 with a plan to hire over 12, 000 staff around the globe.

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Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.

RTTNews | 10 मिनटों पहले

FTSE 100 Weak Again, Looks Headed For Weekly Loss

FTSE 100 Weak Again, Looks Headed For Weekly Loss

U.K. stocks are trading lower on Friday, losing ground for a fourth straight session, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.

RTTNews | 42 मिनटों पहले

Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.

RTTNews | 49 मिनटों पहले

French Stocks Mostly Subdued In Cautious Trade

French Stocks Mostly Subdued In Cautious Trade

The French market is down in negative territory on Friday with investors digesting a slew of economic data, and look ahead to key consumer inflation report from the U.S.

RTTNews | 1घंटे 1 मिनट पहले

French Inflation Cools; Economy Expands As Estimated

French Inflation Cools; Economy Expands As Estimated

France's consumer price inflation softened in August on weaker growth in transport costs and the economy logged a faster growth as estimated in the second quarter, official data revealed Friday. Consumer price inflation weakened marginally to 0.9 percent in August from 1.0 percent in July, provisional data from the statistical office INSEE showed.

RTTNews | 1घंटे 26 मिनट पहले

Sensex, Nifty Extend Losses On Trade Worries

Sensex, Nifty Extend Losses On Trade Worries

Indian shares ended lower on Friday to extend recent declines due to concerns over steep U.S. tariffs imposed on Indian goods.

RTTNews | 1घंटे 27 मिनट पहले

DAX Down Nearly 0.5% As Investors Focus On Economic Data

DAX Down Nearly 0.5% As Investors Focus On Economic Data

German stocks are down in negative territory in cautious trade on Friday as investors digest the nation's import prices and retail sales data and await U.S. inflation data due later in the day,

RTTNews | 1घंटे 35 मिनट पहले

European Shares Drift Lower Ahead Of US Inflation Reading

European Shares Drift Lower Ahead Of US Inflation Reading

European stocks traded lower on Friday as investors waited for key U.S. inflation data due later in the day that could provide additional clues on a potential Federal Reserve rate cut in September.

RTTNews | 2घंटे 55 मिनट पहले

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