European Shares Decline As Italy's Draghi Resigns

RTTNews | 1056天前

(RTTNews) - European stocks fell on Thursday and Italian bonds sold off sharply after Italian Prime Minister Mario Draghi offered his resignation to the president, in a move that will raise the prospect of snap elections as soon as early October.

Meanwhile, Russia resumed natural gas supplies to Germany, helping to ease worries about fallout on the economy.

The euro wilted as investors braced for the interest-rate decision from the European Central bank.

The central bank is set to raise interest rates for the first time in 11 years and provide guidance on the proposed anti-fragmentation tool.

The pan European Stoxx 600 slipped 0.2 percent to 421.63 after closing 0.2 percent lower on Wednesday.

The German DAX fell 0.7 percent, France's CAC 40 eased 0.1 percent and the U.K.'s FTSE 100 was down 0.4 percent.

Swedish home appliance manufacturer Electrolux plunged nearly 8 percent after its second-quarter profit missed expectations.

Finnish telecom equipment maker Nokia surged 6.5 percent after reporting better-than-expected earnings for the second quarter and backing its FY22 outlook.

British online trading platform IG Group soared 4 percent on share buyback news.

Online grocer Ocado slumped 4 percent after reporting a wider loss in its first-half.

Drinks maker Britvic gained 1 percent after reporting a jump in revenues across its markets.

Marks & Spencer lost 1.8 percent. The retailer said its finance and strategy chief Eoin Tonge would leave the company to take up a role at Associated British Foods.

Getlink shares rose 1 percent in Paris. The railway company reported first-half consolidated net result of 52 million euros, compared to last year's restated loss of 124 million euros.

Sartorius Stedim Biotech jumped 6 percent. The company confirmed its FY22 outlook after reporting a 77 percent surge in first-half profit.

Thales dropped 1.8 percent. The defense and technology group announced that its aerospace unit will take a €70 million hit in 2022 due to loss of Russian business.

SAP tumbled 4 percent after the German business software company lowered its 2022 profit outlook.

Sartorius soared 6 percent. The pharmaceutical and laboratory equipment supplier confirmed its 2022 outlook after reporting encouraging first-half results.

South Korea Shares Due For Consolidation

The South Korea stock market has finished higher in six straight sessions, collecting more than 210 points or 7.7 percent along the way. The KOSPI now rests just above the 2,900-point plateau although investors are likely to lock in gains on Thursday.

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New Zealand Card Retail Sales Data Due On Thursday

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RTTNews | 1小時15分鐘前

U.S. Dollar Declines After Softer-than-expected Inflation Data

The U.S. dollar dropped against its major counterparts in the New York session on Wednesday, as the consumer price index came in softer than expected in May.

RTTNews | 3小時27分鐘前

Swiss Market Fails To Hold Early Gains, Settle Modestly Lower

The Switzerland market ended modestly lower on Wednesday despite spending much of the day's trading session in positive territory. Although the market gained some ground in positive territory, reacting to news about U.S. and Chinese officials reaching a framework to implement the Geneva consensus following two days of discussions in London, the mood turned cautious later on in the session.

RTTNews | 5小時9分鐘前

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Despite U.S. and Chinese officials announcing an agreement in principle on a framework to ease trade disputes, European stocks failed to hold early gains and closed mostly lower on Wednesday, with the mood turning cautious as the plan is subject to approval by the presidents of the two nations.

RTTNews | 5小時29分鐘前

TSX Hits Fresh Record High; Technology, Consumer Discretionary Stocks Shine

The Canadian market is modestly higher a little past noon on Wednesday, after hitting a fresh record high earlier in the session, amid easing Sino-US trade tensions, somewhat tame U.S. consumer price inflation data, and higher crude oil prices.

RTTNews | 6小時37分鐘前

ECB Indicator Shows Eurozone Wage Growth To Slow Sharply To 3.1% This Year

A measure, based on the collective bargaining agreements in the euro area, suggested that negotiated wage growth is set to ease significantly this year, the European Central Bank said on Wednesday, which adds to expectations of inflation staying near the 2 percent target.

RTTNews | 8小時25分鐘前

U.S. Consumer Prices Inch Up 0.1% In May, Slightly Less Than Expected

A closely watched report released by the Labor Department on Wednesday showed a slight increase by consumer prices in the U.S. in the month of May. The Labor Department said its consumer price index inched up by 0.1 percent in May after rising by 0.2 percent in April. Economists had expected another 0.2 percent increase.

RTTNews | 9小時36分鐘前

EURUSD	1.15072	GBPUSD	1.35648	AUDUSD	0.65067
USDJPY	144.255	USDCAD	1.36659	USDCHF	0.81868

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European Shares Decline As Italy's Draghi Resigns