European Shares Retreat As Recession Worries Mount

RTTNews | 1109天前

(RTTNews) - European stocks tumbled on Monday, with fears of aggressive monetary tightening and concerns over Europe's energy crisis keeping investors nervous.

Russia will halt natural gas supplies to Europe for three days at the end of the month, state energy giant Gazprom said on Friday, deepening the energy crunch that's threatening to plunge the region into a recession.

Bundesbank President Joachim Nagel told German newspaper Rheinischen Post that inflation in Germany could hit a 70-year high of 10 percent this fall as Russian natural-gas supplies slow.

A recession appears likely next winter but the European Central Bank should continue increasing rates to tame inflation, he added.

Elsewhere, Richmond Fed President Thomas Barkin said on Friday that the "urge" among central bankers was towards faster, front-loaded rate increases.

Investors await minutes of the ECB's last policy meeting and Federal Reserve Chair Jerome Powell's key speech at the Fed's annual economic symposium this week for additional clues on the economic and rate outlook.

The pan European Stoxx 600 was down 1.1 percent at 432.47 after declining 0.8 percent on Friday.

The German DAX lost 1.8 percent, France's CAC 40 index shed 1.6 percent and the U.K.'s FTSE 100 was down half a percent.

Miners Anglo American and Antofagasta lost 1-2 percent on concerns about China's growth prospects.

Cinema chain Cineworld Group rallied 2.3 percent after confirming that it is considering a voluntary Chapter 11 filing in the United States.

Wizz Air Holdings, a Hungarian ultra-low-cost carrier, plunged 6.5 percent on news its chief financial officer Jourik Hooghe will be stepping down to pursue another opportunity.

German healthcare group Fresenius SE surged 6 percent on news that Chief Executive Officer Stephan Sturm will leave the company next month, and will be succeeded by Michael Sen, currently the CEO of subsidiary Fresenius Kabi.

Shares of its dialysis unit Fresenius Medical Care rose over 1 percent.

U.S. Trade Deficit Widens More Than Expected As Imports Spike

With the value of imports spiking, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened more than expected in the month of July. The Commerce Department said the trade deficit shot up to $78.3 billion in July from a revised $59.6 billion in June. Economists had expected the trade deficit to increase to $75.7 billion.

RTTNews | 18分鐘前

U.S. Jobless Claims Rise More Than Expected To Two-Month High

A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 30th. The Labor Department said initial jobless claims climbed to 237,000, an increase of 8,000 from the previous week's unrevised level of 229,000.

RTTNews | 23分鐘前

U.S. Private Sector Job Growth Slows More Than Expected In August

A report released by payroll processor ADP on Thursday showed private sector employment in the U.S. increased by less than expected in the month of August. ADP said private sector employment rose by 54,000 jobs in August after jumping by an upwardly revised 106,000 jobs in July. Economists had expected private sector employment to rise by 65,000 jobs.

RTTNews | 40分鐘前

U.S. Labor Productivity Surges Much More Than Previously Estimated In Q2

A report released by the Labor Department showed labor productivity in the U.S. surged by much more than previously estimated in the second quarter of 2025.

RTTNews | 1小時23分鐘前

U.S. Trade Deficit Widens More Than Expected In July

With the value of imports spiking, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened more than expected in the month of July.

RTTNews | 1小時26分鐘前

U.S. Weekly Jobless Claims Rise More Than Expected

RTTNews | 1小時29分鐘前

Bay Street May Open With Negative Bias On Weak Commodity Prices

The Canadian market is likely to open with a negative bias on Friday, tracking weak crude oil and bullion prices. The focus is on the ADP data from the U.S., due this morning, and the Canadian and U.S. jobs reports, due on Friday, for clues about the rate decisions by the central banks of the two nations.

RTTNews | 1小時40分鐘前

U.S. Private Sector Employment Rises Less Than Expected In August

A report released by payroll processor ADP on Thursday showed private sector employment in the U.S. increased by less than expected in the month of August.

RTTNews | 1小時45分鐘前

EURUSD	1.16434	GBPUSD	1.34264	AUDUSD	0.65126
USDJPY	148.524	USDCAD	1.38252	USDCHF	0.80564