European Shares Mostly Higher After EU Inflation, Growth Data

RTTNews | 834天前
European Shares Mostly Higher After EU Inflation, Growth Data

(RTTNews) - European stocks were flat to slightly higher on Monday after China's State Council announced further measures to bolster consumption and economic growth.

Closer home, Eurozone returned to growth in the second quarter amid falling inflation, data showed.

GDP in the euro area grew 0.3 percent in the second quarter of 2023 compared to the previous quarter, Eurostat reported.

Separate figures from the statistical office revealed that Eurozone inflation fell in line with expectations to 5.3 percent year-on-year in July, compared with 5.5 percent in June.

The pan European STOXX 600 was marginally higher at 471.05 after declining 0.2 percent on Friday.

The German DAX rose 0.2 percent, France's CAC 40 gained 0.4 percent and the U.K.'s FTSE 100 was little changed.

Brewer Heineken plunged nearly 6 percent after slashing its 2023 earnings guidance. Peers Diageo and Anheuser-Busch Inbev were down about 1 percent each.

Novo Nordisk jumped 2.6 percent after launching its blockbuster weight-loss drug Wegovy in Germany.

British building and roofing products supplier Marshalls slumped 8.4 percent after lowering its annual forecast.

Telecoms giant BT Group fell about 1 percent after appointing Allison Kirkby as its new chief executive.

Auto and aircraft parts supplier Senior Plc tumbled 3.2 percent despite reporting a rise in half-yearly profit.

read more
German Economic Confidence Weakens In November

German Economic Confidence Weakens In November

German economic confidence weakened moderately in November as investors became concerned about the ability of economic policies to address its key issues, a monthly survey conducted by the think tank ZEW showed Tuesday. The economic sentiment index fell unexpectedly to 38.5 in November from 39.3 in the previous month. The reading was forecast to rise to 41.0.
RTTNews | 1小時13分鐘前
Senex, Nifty End Higher On Fed Rate Cut Hopes

Senex, Nifty End Higher On Fed Rate Cut Hopes

Indian shares eked out modest gains on Tuesday, with trade deal hopes and expectations of Federal Reserve interest-rate cuts helping underpin investor sentiment.
RTTNews | 2小時4分鐘前
Asian Shares End On Mixed Note

Asian Shares End On Mixed Note

Asian stocks gave up early gains to end mixed on Tuesday after rising in the previous session as U.S. lawmakers moved toward reopening the federal government.
RTTNews | 3小時48分鐘前
European Economic News Preview: UK Unemployment Data Due

European Economic News Preview: UK Unemployment Data Due

Unemployment from the UK and economic sentiment from Germany are the major economic reports due on Tuesday. At 2.00 am ET, the Office for National Statistics publishes UK labor market statistics. The jobless rate is forecast to rise to 4.9 percent in the three months to September from 4.8 percent in the preceding period.
RTTNews | 5小時41分鐘前
Sensex, Nifty Modestly Lower In Cautious Trade

Sensex, Nifty Modestly Lower In Cautious Trade

Indian shares were a tad lower on Tuesday despite firm cues from global markets and comments from U.S. President Donald Trump that the U.S. was "pretty close" to a trade deal with New Delhi that's good for everybody.
RTTNews | 8小時1分鐘前
Australian Market Slips To Losses In Mid-market

Australian Market Slips To Losses In Mid-market

The Australian stock market is slipping in to the red in mid-market trading on Tuesday after early gains, reversing some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well below the 8,850 level, with weakness in financial and technology stocks partially offset by gains in mining and energy stocks.
RTTNews | 9小時4分鐘前