European Shares Edge Lower After Thursday's Rally

RTTNews | 59日前
European Shares Edge Lower After Thursday's Rally

(RTTNews) - European stocks slipped into the red on Friday after logging their biggest one-day gains since 2022 the previous day as U.S. President Donald Trump decided to delay new tariffs by 90 days.

The euro surged to the highest level against the dollar in over three years after the EU said it would suspend its planned countermeasures to Trump's tariffs for 90 days.

Sterling also jumped as new data showed Britain's economy picked up faster than expected in February.

French President Emmanuel Macron said today that the U.S. tariff suspension offers only a "fragile" pause in tensions — but a vital opportunity for negotiations.

The pan-European STOXX 600 was down 0.6 percent at 484.51 after rallying 3.7 percent on Thursday.

The German DAX dropped 0.7 percent, France's CAC 40 shed half a percent and the U.K.'s FTSE 100 slipped 0.4 percent.

Stellantis NV share slumped 4.2 percent. The auto giant reported that its first-quarter shipments fell 9 percent compared to last year.

BP Plc declined 2.3 percent. The energy group has warned of "weak" gas trading and higher debt in Q1.

In economic releases, the U.K. economy expanded at a faster than expected pace in February with increases in all main sectors, data from the Office for National Statistics revealed.

Real GDP grew 0.5 percent from the previous month following a nil growth in January. GDP was expected to climb 0.1 percent.

On a yearly basis, real GDP advanced 1.4 percent compared to economists' forecast of 0.9 percent.

Meanwhile, U.K. recruiters reported the steepest rise in permanent and temporary labor supply in more than four years in March, while job placements declined notably due to weaker economic confidence and tighter client budgets, according to a report compiled by S&P Global.

read more
Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

Canadian shares may open slightly higher on Monday amid optimism about some positive progress in U.S.-China trade talks. Energy stocks are likely to find some support on higher crude oil prices.. The U.S.-China discussions will aim to resolve some major trade disputes between the two major economies.
RTTNews | 53分前
FTSE 100 Down Marginally At Noon

FTSE 100 Down Marginally At Noon

The U.K. market is down marginally at noon on Monday with investors mostly making cautious moves amid a lack of triggers. The focus is on trade talks between the U.S. and Chinese officials in London. Weak Chinese exports data weighs on sentiment.
RTTNews | 2時5分前
CAC 40 Down Slightly In Lackluster Trade

CAC 40 Down Slightly In Lackluster Trade

French stocks are down slightly in lackluster trade on Monday with investors refraining from making significant moves as they await the high-level trade talks between U.S. and Chinese officials in London later in the day.
RTTNews | 2時26分前
DAX Down Over 0.5% In Cautious Trade

DAX Down Over 0.5% In Cautious Trade

German stocks are down in negative territory on Monday as investors make cautious moves while awaiting crucial talks between U.S. and Chinese officials in London later in the day. The discussions will aim to resolve some major trade disputes between the two major economies. Treasury Secretary Scott Bessent leads the U.S. delegation in the high-level trade talks.
RTTNews | 2時47分前
Church & Dwight Recalls All Lots Of Zicam Nasal, Orajel Teething Swabs

Church & Dwight Recalls All Lots Of Zicam Nasal, Orajel Teething Swabs

Church & Dwight Co., Inc. has called back all lots of Zicam nasal swabs and Orajel baby teething swabs citing potential microbial contamination, according to the U.S. Food and Drug Administration. Cold remedy nasal swabs are a zinc-free, homeopathic cold remedy swab designed to shorten the duration of the common cold
RTTNews | 3時25分前