European Shares Gain Ahead Of Fed Decision

RTTNews | 807 दिनों पहले

(RTTNews) - European stocks traded higher on Wednesday, with Fed pause hopes and encouraging data from Germany and the U.K. helping underpin sentiment.

Signs of moderating U.S. inflation reinforced bets the Federal Reserve would skip a rate hike later in the day.

Eurozone industrial output rose more than expected in April, helping ease concerns surrounding the economic outlook.

Industrial production rose 1.0 percent in April compared with the previous month after an upwardly revised 3.8 percent fall in March, Eurostat reported.

Elsewhere, data showed retailers and the film industry helped Britain's economy inch higher in April as expected.

GDP grew by 0.2 percent month-on-month in April, the Office for National Statistics said, coming in line with analyst estimates.

The pan-European STOXX 600 rose half a percent to 465.34 after rising 0.6 percent on Tuesday.

The German DAX gained half a percent, France's CAC 40 climbed 0.7 percent and the U.K.'s FTSE 100 was up 0.3 percent.

German footwear conglomerate Puma rose about 1 percent. The company announced a reorganization to improve alignment across key business categories.

Machinery manufacturer Heidelberger Druckmaschinen slumped 4.7 percent after issuing a cautious outlook for the new financial year.

Construction equipment manufacturer Wacker Neuson jumped 6.3 percent after saying it aims to grow revenue by 78 percent by 2030 and increase profitability.

Ladbrokes-owner Entain plunged 11 percent on news it would buy Poland-based sports betting operator STS Holdings for 750 million pounds ($946 million).

Self-storage company Safestore Holdings fell more than 2 percent after its pre-tax profit declined 64 percent in the first half of fiscal 2023 despite higher revenue.

Oil & gas giant Shell gained half a percent after it announced plans to ramp up dividend and share buybacks.

Spanish drug maker Grifols soared 6.5 percent after it announced plans to divest shares in Shanghai RAAS for estimated proceeds of $1.5 billion.

Computer accessories maker Logitech plummeted over 9 percent on news its CEO and President Bracken Darrell is leaving for another job.

Canadian Market Up In Positive Territory; BRP Rises Sharply On Strong Earnings

Despite weak GDP data, the Canadian market is up firmly in positive territory Friday afternoon with stocks from materials and healthcare sectors contributing significantly to the gains.

RTTNews | 2घंटे 14 मिनट पहले

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.

RTTNews | 2घंटे 50 मिनट पहले

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.

RTTNews | 3घंटे 18 मिनट पहले

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.

RTTNews | 6घंटे 3 मिनट पहले

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.

RTTNews | 6घंटे 22 मिनट पहले

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.

RTTNews | 7घंटे 5 मिनट पहले

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1

RTTNews | 7घंटे 35 मिनट पहले

U.S. PCE Price Index Increased In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday.

RTTNews | 7घंटे 47 मिनट पहले

EURUSD	1.16961	GBPUSD	1.35125	AUDUSD	0.65439
USDJPY	146.974	USDCAD	1.37406	USDCHF	0.8002