European Shares Slide Ahead Of BOE Rate Decision

RTTNews | 574日前

(RTTNews) - European stocks fell in cautious trade on Thursday ahead of the release of eurozone inflation data as well as the Bank of England's latest monetary policy decision.

The Bank of England is expected to hold interest rates for the fourth time in a row, with some analysts expecting possible cuts later in the year amid easing cost-of-living pressures.

S&P Global and Hamburg Commercial Bank (HCOB) reported earlier in the day that the euro zone manufacturing PMI improved to a 10-month high of 46.6 in January 2024.

The pan European STOXX 600 was down 0.1 percent at 485.08 after finishing marginally higher in the previous session.

The German DAX dipped 0.3 percent and France's CAC 40 shed 0.7 percent while the U.K.'s FTSE 100 was up 0.4 percent.

In corporate news, Stora Enso slumped over 4 percent after the Finnish pulp and paper manufacturer reported significant declines in its Q4 and annual profits.

Biotech giant Roche tumbled 3.7 percent after forecasting a sluggish recovery in sales and earnings this year.

ING Group plummeted 8.3 percent. The Dutch lender said that total income for 2024 will likely be lower than 2023 due to interest-rate development.

Mining giant Glencore added 1.5 percent despite reporting lower copper, nickel and cobalt production in 2023 and signaling a further decline in output.

Ricardo jumped 3.2 percent after maintaining its guidance for the full year.

Oil giant Shell rallied 2.6 percent after full-year profit beat forecasts.

Telecoms giant BT Group rose 1.2 percent after reporting a surge in profit due to price increases.

Sanofi fell more than 2 percent after posting fourth-quarter earnings below estimates.

Also, the French healthcare firm announced that François-Xavier Roger will take over as Chief Financial Officer and join its Executive Committee starting April 1, 2024.

BNP Paribas plunged 8.6 percent. The lender reported pre-tax income of 1.476 billion euros for the fourth quarter, lower than 2.790 billion euros a year ago.

German sportswear maker Adidas slumped 7.4 percent after operating profit guidance missed consensus estimate.

Deutsche Bank jumped 4.6 after the lender lifted its revenue and payout targets and unveiled plans to cut 3,500 jobs.

U.S. Pending Home Sales Fall More Than Expected In July

A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.

RTTNews | 1時42分前

Eurozone Economic Confidence Weakens In August

Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.

RTTNews | 1時53分前

Walgreen Co. Now Operating As Private Standalone Company Under Sycamore Partners

Independent retail pharmacy Walgreen Co. announced Thursday it is now operating as a private standalone company following the closure of the acquisition of Walgreens Boots Alliance, Inc. (WBA) by New York-based private equity firm Sycamore Partners.

RTTNews | 2時4分前

U.S. Economy Surges More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.

RTTNews | 2時16分前

U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd. The Labor Department said initial jobless claims dipped to 229,000, a decrease of 5,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to slip to 230,000.

RTTNews | 2時22分前

Switzerland Logs Weaker Growth, Trims 2026 Outlook

The Swiss economy expanded modestly in the second quarter, as estimated earlier, and higher U.S. tariffs are set to push down growth prospects, the State Secretariat for Economic Affairs said Thursday. Gross domestic product grew 0.1 percent from the first quarter, unchanged from the flash estimate. Growth softened notably from 0.7 percent in the first quarter.

RTTNews | 3時27分前

U.S. GDP Jumps More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday.

RTTNews | 3時35分前

U.S. Weekly Jobless Claims Edge Down To 229,000

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd.

RTTNews | 3時40分前

EURUSD	1.16768	GBPUSD	1.35176	AUDUSD	0.65316
USDJPY	146.941	USDCAD	1.37517	USDCHF	0.8013