European Shares Likely To Open On Firm Note Ahead Of US Jobs Report

RTTNews | 1000 दिनों पहले

(RTTNews) - European stocks look set to open a tad higher on Friday after U.S. stocks finished mostly higher overnight following a late burst of buying.

Asian markets traded mixed in cautious trade as investors awaited the release of all-important U.S. jobs data for August later in the day for clues on the size of the Federal Reserve's next interest-rate hike.

Investors also await speeches by ECB Governing Council members as well as U.S. factory orders data for additional clues about inflation and the path ahead for interest rates.

Meanwhile, the voting in the U.K. leadership election officially closes today and the result will be announced on Monday.

The dollar headed for its third weekly gain in a row, gold fell below the key $1,700 level and Treasury yields were mixed after new U.S. data confirmed the Federal Reserve's stance that it can remain aggressive with the tightening of policy.

Oil prices rose more than 2 percent in Asian trade ahead of an OPEC+ meeting on Sept.5 to decide its future output policy.

U.S. stocks reversed course before ending mixed overnight, as data showed manufacturing grew steadily in August and the number of Americans filing for unemployment insurance unexpectedly dropped last week.

The tech-heavy Nasdaq Composite ended 0.3 percent lower following new restrictions on exports of cutting-edge chips from Nvidia to China. The Dow rose half a percent and the S&P 500 edged up 0.3 percent.

European stocks fell sharply on Thursday as investors reacted to new COVID-19 lockdowns in China and disappointing manufacturing data from Asia and the euro area.

The pan-European Stoxx 600 gave up 1.8 percent. The German DAX fell 1.6 percent, France's CAC 40 index shed 1.5 percent and the U.K.'s FTSE 100 lost 1.9 percent.

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 | 2घंटे 35 मिनट पहले

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 | 2घंटे 37 मिनट पहले

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 | 3घंटे 11 मिनट पहले

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 | 3घंटे 39 मिनट पहले

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 | 3घंटे 54 मिनट पहले