European Shares Decline As Growth Concerns Weigh

RTTNews | 859天前
European Shares Decline As Growth Concerns Weigh

(RTTNews) - European stocks fell on the last trading day of the year as doubts over official Chinese COVID numbers and new regulations for travelers from China curbed investor optimism surrounding China's reopening.

The escalation in the Russia-Ukraine conflict and lingering worries over aggressive central bank tightening also weighed on sentiment.

The pan European STOXX Europe 600 was down half a percent at 428.03 and was on track to cap the worst annual performance since 2018.

The German DAX and France's CAC 40 index both slipped around 0.8 percent while the U.K.'s FTSE 100 was down 0.2 percent.

Luxury firms such as LVMH, Kering, Hermes International and Richemont all fell around 1 percent on concerns that surging COVID-19 cases in China would weigh on global growth.

In economic releases, U.K. house price inflation slowed markedly at the end of the year as the rising interest rates and high inflation started to dampen the affordability of home buyers, data from the mortgage lender Nationwide showed earlier today.

House prices were 2.8 percent higher than in December 2021. This was slower than November's 4.4 percent increase, but faster than economists' forecast of 2.3 percent.

On a monthly basis, house prices dropped at a slower pace of 0.1 percent after a 1.4 percent decrease in November.

read more
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian market is trading slightly lower on Thursday, giving up some of the slight gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well below the 8,200 level, with weakness in iron ore miners and financial stocks partially offset by gains in gold miners and technology stocks.
RTTNews | 13分鐘前
Fed Leaves Interest Rates Unchanged, Warns Of Higher Unemployment, Inflation.

Fed Leaves Interest Rates Unchanged, Warns Of Higher Unemployment, Inflation.

The Federal Reserve on Wednesday announced its widely expected decision to leave interest rates unchanged, highlighting increased uncertainty about the economic outlook. The Fed said it decided to leave the target for the federal funds rate at 4.25 to 4.50 percent for the third straight meeting.
RTTNews | 6小時52分鐘前
Swiss Market Ends Nearly 1% Down

Swiss Market Ends Nearly 1% Down

Swiss stocks opened on a weak note on Wednesday and languished in negative territory right through the day's session as investors stayed cautious ahead of the Federal Reserve and the Bank of England's monetary policy announcements, due later in the day, and on Thursday, respectively.
RTTNews | 7小時49分鐘前
Major European Markets Close On Weak Note After Cautious Session

Major European Markets Close On Weak Note After Cautious Session

The major European markets closed weak on Wednesday as investors reacted to earnings announcements, and awaited the monetary policy announcement from the Federal Reserve later in the day. The Bank of England's policy announcement is due on Thursday. Upbeat economic data from Germany, and optimism surrounding upcoming U.S.-China trade talks helped limit markets' downside.
RTTNews | 8小時4分鐘前
Canadian Stocks Up Firmly In Positive Territory

Canadian Stocks Up Firmly In Positive Territory

The Canadian market is up firmly in positive territory a little past noon on Wednesday, lifted by gains in utilities, technology, consumer and financials sectors. The market undertone is positive amid slightly easing tensions about tariffs ahead of U.S.-China meeting this week, and expectations that the Federal Reserve will hold interest rates unchanged.
RTTNews | 8小時49分鐘前
German Factory Orders Rebound Ahead Of U.S. Tariffs

German Factory Orders Rebound Ahead Of U.S. Tariffs

Germany's factory orders grew more than expected in March as U.S. manufacturers front-loaded their orders to avoid higher tariffs, official data revealed Wednesday. Factory orders advanced 3.6 percent month-on-month in March after remaining flat in February, Destatis reported. Orders are forecast to grow 1.4 percent.
RTTNews | 11小時36分鐘前
Bay Street Likely To Open Higher

Bay Street Likely To Open Higher

Canadian shares may open higher on Wednesday amid renewed hopes the U.S. and China will agree on a positive trade deal. The focus is also on the Federal Reserve's monetary policy announcement later in the day.
RTTNews | 12小時43分鐘前