European Stocks Close Lower On Thin Volumes After Cautious Session

RTTNews | 731日前
European Stocks Close Lower On Thin Volumes After Cautious Session

(RTTNews) - European stocks closed lower on Monday as worries about inflation and further interest rate hikes offset positive progress in U.S. debt ceiling deal negotiations.

U.S. President Joe Biden and Congressional Republican McCarthy agreed on a debt ceiling deal on Saturday to avert an economically destabilizing default by suspending the $31.4 trillion debt ceiling until 2025.

The bipartisan agreement now has to clear a divided Congress before the United States runs out of money to pay its debts in early June.

With the U.K. stock market and Wall Street, and several markets in Europe closed for a holiday, volumes were rather thin today.

The pan European Stoxx 600 edged down 0.12%. Germany's DAX and France's CAC 40 ended lower by 0.2% and 0.21%, respectively. The Switzerland market was closed for Pentecost.

In the French market, WorldLine drifted down by about 2.5%. STMicroElectronics, Societe Generale, Essilor, Dassault Systemes, L'Oreal, Kering and Renault lost 0.6 to 1.2%.

Unibail Rodamco climbed about 1.2%. Carrefour, AXA, Bouygues and Veolia gained 0.4 to 0.8%.

In the German market, Continental ended more than 2% down. Zalando, Covestro, Puma, Adidas, Vonovia, Porsche and SAP posted moderate losses.

Fresenius Medical Care and Sartorius gained about 1.4% and 1.2%, respectively.

read more
FTSE 100 Rises 0.7%

FTSE 100 Rises 0.7%

UK stocks are up in positive territory a little past noon on Friday, remaining firm after a steady start. Despite concerns about inflation and uncertainty about tariffs, investors are picking up stocks amid cautious optimism about growth.
RTTNews | 35分前
CAC 40 Modestly Higher In Cautious Trade

CAC 40 Modestly Higher In Cautious Trade

After a slightly weak start, the French market has moved higher on Friday with investors picking up stocks amid hopes the European Central Bank will lower interest rates at its ensuing meeting. The U.S. federal court's ruling against President Donald Trump's sweeping tariff moves on its trading partners had added to uncertainty on the trade front, rendering the mood a bit cautious.
RTTNews | 1時5分前
DAX Up 0.8% On Selective Buying As Markets Await Clarity On Tariffs

DAX Up 0.8% On Selective Buying As Markets Await Clarity On Tariffs

German stocks are gaining notably ground in positive territory on Friday despite data showing a drop in the nation's retail sales in the month of April, and amid uncertainty about Trump administration's tariff moves after U.S. court rulings against the levies proposed by the U.S. President.
RTTNews | 1時35分前
Yen Rises On Strong Tokyo Core Inflation Data

Yen Rises On Strong Tokyo Core Inflation Data

The Japanese yen strengthened against other major currencies in the Asian session on Friday, as Tokyo's core inflation data came in stronger than expected, increasing the chances of the Bank of Japan's (BoJ) 25 basis point rate hike in July.
RTTNews | 2時0分前
European Shares Rise On ECB Rate Cut Hopes

European Shares Rise On ECB Rate Cut Hopes

European stocks traded higher on Friday despite the latest U.S. court rulings on President Trump's "Liberation Day" tariffs adding another layer of uncertainty.
RTTNews | 2時51分前
Asian Shares Decline Amid Tariff Uncertainty

Asian Shares Decline Amid Tariff Uncertainty

Asian stocks ended mostly lower on Friday due to uncertainty surrounding a court battle about U.S. President Donald Trump's tariffs and rising concerns about U.S. economic stability.
RTTNews | 3時17分前
European Economic News Preview: Germany Inflation, Retail Sales Data Due

European Economic News Preview: Germany Inflation, Retail Sales Data Due

Inflation and retail sales from Germany and private sector credit from the euro area are the top economic news due on Friday. At 2.00 am ET, Destatis is scheduled to issue Germany's retail sales figures for April. Sales are forecast to grow 0.3 percent month-on-month, in contrast to the 0.2 percent fall in March.
RTTNews | 5時52分前