European Shares Decline As Growth Worries Mount

RTTNews | 665 일 전
European Shares Decline As Growth Worries Mount

(RTTNews) - European stocks fell on Thursday to touch three-week lows after Eurozone's Services PMI was finalized at a six-month low of 50.9 in July.

U.K. services growth cooled to a six-month low in July and German exports data disappointed, adding to concerns around slowing growth.

Investors also awaited the Bank of England monetary policy decision as well as earnings from Apple and Amazon later in the day.

The Bank of England's rate decision is likely to be a close call between a 25 basis-point and a 50 basis-point hike. The announcement is due at 7.00 am ET.

The central bank will also release its quarterly monetary policy report along with the policy decision.

The dollar hit a four-month high against major peers as signs of resilience in the U.S. labor market revived Fed rate hike bets.

The pan European STOXX 600 dropped 1 percent to 456.29 after losing 1.4 percent on Wednesday.

The German DAX shed 0.9 percent, France's CAC 40 fell more than 1 percent and the U.K.'s FTSE 100 was down 1.3 percent.

Miners led losses, with Anglo American, Antofagasta and Glencore all falling around 2 percent.

Energy giants BP Plc and Shell both were down around 1 percent as oil price fell further from more than three-month highs despite data showing a historic drop in U.S. crude inventories.

Rolls-Royce shares rose about 1 percent after the aero-engineer reported a jump in first-half profit, led by a large improvement in its civil aerospace margin.

Adecco, a global leader in HR solutions, jumped 6.4 percent after second quarter revenues slightly beat forecasts.

Societe Generale shares rallied 2.3 percent after the French lender returned to profit in the second quarter of this year and announced the launch of the 2022 share buyback program, for around 440 million euros.

Axa dropped 1.3 percent. The insurer reported that its first-half net income edged down to 3.833 billion euros from last year's 3.852 billion euros.

Infineon plunged 7.8 percent after the German chipmaker disclosed a 10 percent decline in its quarterly adjusted, or "segment," result compared to the previous quarter.

BMW lost 2.3 percent after the automaker warned of inflation and supply chain issues. Sportswear manufacturer Adidas edged up more than 1 percent after lifting its sales outlook.

read more
CAC 40 Moderately Higher Amid Easing Trade Tensions

CAC 40 Moderately Higher Amid Easing Trade Tensions

Amid easing trade war concerns following a U.S. court ruling against the sweeping tariffs announced by President Donald Trump, French stocks are moving higher on Thursday, recovering well after previous session's weakness.
RTTNews | 17 분 전
DAX Modestly Higher As Trade Tensions Ease After U.S. Court Ruling

DAX Modestly Higher As Trade Tensions Ease After U.S. Court Ruling

German stocks are up in positive territory on Thursday amid easing trade tensions following a U.S. Federal Court ruling that President Donald Trump had overstepped his authority by imposing across-the-board duties on imports from U.S. trade partners.
RTTNews | 35 분 전
Sensex, Nifty End Lackluster Session Modestly Higher

Sensex, Nifty End Lackluster Session Modestly Higher

Indian shares ended higher on Thursday, recovering from losses earlier in the session due to concerns over liquidity drain amid a wave of block deals initiated by promoters or private equity funds in recent sessions.
RTTNews | 46 분 전
NVIDIA Stock Gains On Q1 Results; Sees $8 Bln China Impact

NVIDIA Stock Gains On Q1 Results; Sees $8 Bln China Impact

Shares of Nvidia Corp. gained around 5 percent in the extended trading on Wednesday and is currently up around 6 percent in the pre-market activity on the Nasdaq, after the artificial intelligence chipmaker reported significantly higher earnings in its first quarter, despite an expected $4.5 billion charge associated with H20 AI chip export barring to China. Revenues were 69 percent higher...
RTTNews | 1 시간 18 분 전
Yen Falls As U.S. Court Blocks Trump's Tariffs

Yen Falls As U.S. Court Blocks Trump's Tariffs

The Japanese yen weakened against other major currencies in the Asian session on Thursday, after a U.S. federal court blocked U.S. President Donald Trump's attempt to impose sweeping reciprocal tariffs against its global trading partners under emergency powers, saying he exceeded his authority.
RTTNews | 4 시간 37 분 전
European Shares Set To Open On Buoyant Note

European Shares Set To Open On Buoyant Note

European stocks may open on a buoyant note Thursday as chip giant Nvidia reported better-than-expected earnings and revenue, and a U.S. federal court blocked President Donald Trump's attempt to impose sweeping tariffs under emergency powers, dealing a blow to a key part of his economic agenda.
RTTNews | 5 시간 19 분 전