European Shares Extend Losses On Growth Worries

RTTNews | 67日前

(RTTNews) - European shares traded lower on Friday, extending steep losses from the previous session after U.S. President Donald Trump announced significantly harsher-than-expected tariffs.

Investors were also reacting to mixed economic readings from Germany and France.

German factory orders stagnated unexpectedly in February even though U.S. importers brought forward imports to beat the impending tariffs, Destaits reported today.

New orders in the manufacturing sector remained unchanged in February, reversing a 5.5 percent drop in January. Orders were forecast to grow 3.4 percent.

Elsewhere, French industrial production grew 0.7 percent month-on-month in February, in contrast to the 0.5 percent decrease in January, figures from the statistical office INSEE showed. Economists had forecast output to grow 0.5 percent.

Likewise, manufacturing output advanced 1.4 percent after a 0.5 percent drop in the previous month.

The pan European STOXX 600 was down nearly 2 percent at 512.84 after tumbling 2.6 percent on Thursday, the biggest daily loss in eight months.

The German DAX fell 1.9 percent, France's CAC 40 shed 1.5 percent and the U.K.'s FTSE 100 declined 1.6 percent.

Miners Anglo American, Antofagasta and Glencore plunged 5-6 percent as copper prices plummeted in London.

BP Plc shares fell 2.8 percent and Shell was down nearly 3 percent as oil prices fell nearly 2 percent today and remained on track for the worst week in months on concerns about a possible recession in the U.S. and other developed countries.

JPMorgan has raised the probability of a global recession this year to 60 percent, from a previous 40 percent.

AstraZeneca declined 1.3 percent, ASM International tumbled 3.5 percent and Infineon Technologies slumped 4.5 percent as U.S. President Trump said tariffs on pharmaceutical and semiconductor imports will be announced soon.

Sodexo SA plunged 4.2 percent after reporting a 3.5 percent rise in half-year revenue.

Gerresheimer plummeted 14 percent after reports said KKR has abandoned a private equity consortium discussing a takeover of the German speciality packaging company.

Japan Producer Price Data Due On Wednesday

Japan will on Tuesday release May figures for producer prices, highlighting a light day for Asia-Pacific economic activity. In April, producer prices were up 0.2 percent on month and 4.0 percent on year.

RTTNews | 10分前

Gold Dips As US-China Trade Talks Continue

Gold prices dipped on Tuesday, ahead of US inflation report and ongoing US-China official talks, which is now the focus of investors from all over the world. Front Month Comex Gold for June delivery lost $11.20 (or 0.34%) to $3320.90 per troy ounce on Tuesday. Front Month Comex Silver for June delivery lost $14.60 cents (or 0.40%) to $36.542 today. The much-anticipated high-level trade talks between the world's two largest economies, U.S. and China, began on Monday in London and continued for the second day today. On the economic data front, the US Labor Department will release Consumer Price Index (CPI) data on Wednesday, which may help to determine the Federal Reserve's monetary policy before the Fed's June 17-18 meeting. Meanwhile, the World Bank, in its biannual Global Economic Prospects, has cut the global growth forecast to 2.3% from 2.7% for the current year citing "trade barriers" as a reason behind the global slowdown.

RTTNews | 1時56分前

Crude Oil Prices Fade As US-China Talks Progress

Crude oil prices were down on Tuesday amidst uncertainty over trade talks between China and the United States continued, although the outcome remains uncertain. WTI oil closed down by $0.31 to settle at $64.98 per barrel. August Brent crude was last seen down by $0.03 to $67.01. To ease the standstill created by the reciprocal tariffs imposed by U.S. President Donald Trump and China, high-level officials from both nations convened at London on Monday to discuss steps to soften the conflict. As the talks went on for the second day today, Trump told reporters at the White House that the talks were "going well" and that he was "only getting good reports." While U.S. Treasury Secretary Scott Bessent described Monday's talks as "good meeting," the Commerce Secretary Howard Lutnick called them as "fruitful." On the geopolitical front, however, Russia showed no sign of relenting on its war with Ukraine and continued its attacks. Limiting the downside, the U.S. Energy Information Administration has reported today that US crude oil production is likely to decline over the next 18 months - while the approach of the summer driving season is also good news.

RTTNews | 2時2分前

Canadian Dollar Appreciates Amid Risk Appetite

The Canadian dollar climbed against its major counterparts in the New York session on Tuesday, as investors monitored trade talks between the U.S. and China that continued for a second day.

RTTNews | 2時43分前

Swiss Market Ends Marginally Down

Save for a very brief while at the start, the Switzerland market stayed weak on Tuesday as investors refrained from making significant moves, choosing to wait for directional clues. Investors awaited the outcome of the high-level trade discussions between U.S. and Chinese officials in London.

RTTNews | 4時8分前

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Tuesday with investors mostly making cautious moves as they awaited the outcome of the ongoing Sino-U.S. trade talks in London. German stocks are drifting lower on Tuesday as investors await the outcome of high-level U.S. - China trade talks in London.

RTTNews | 4時24分前

TSX Up Marginally; Energy Stocks Rise

After a flat start and a subsequent climb up north, the Canadian market retreated Tuesday morning, and at a little past noon, was up marginally, led by gains in energy, consumer and communications sectors. Investors are cautiously optimistic about some positive progress in U.S.-China trade relations.

RTTNews | 5時31分前

U.S. Stocks Mostly Subdued In Lackluster Trade

U.S. stocks are turning in a mixed performance in lackluster trade on Tuesday as traders await the outcome of the ongoing trade talks between China and the U.S. in London. Trade negotiations between the world's two largest economies commenced on Monday, and no big breakthrough seems to have been arrived as yet.

RTTNews | 6時7分前

EURUSD	1.14281	GBPUSD	1.35016	AUDUSD	0.65241
USDJPY	144.851	USDCAD	1.36713	USDCHF	0.82233

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European Shares Extend Losses On Growth Worries