European Shares Extend Gains As Investors Look To ECB Meeting

RTTNews | 1058 일 전
European Shares Extend Gains As Investors Look To ECB Meeting

(RTTNews) - European stocks edged higher on Monday ahead of this week's ECB meeting and the expected resumption of an important gas pipeline that is currently closed for maintenance.

The euro held at one-week high after several Fed officials said they didn't favor a 100-bps rate hike.

At its July 21 meeting, the European Central bank is likely to hike its policy rates by 25 basis points and signal a 50-basis point increase for September.

Elsewhere, Italian Prime Minister Mario Draghi will address parliament on Wednesday after his resignation was rejected by the country's president.

The pan European Stoxx 600 jumped 1.45 percent to 419.79 after climbing 1.8 percent on Friday.

The German DAX, France's CAC 40 and the U.K.'s FTSE 100 were up between 1.3 percent and 1.4 percent.

Euromoney Institutional Investor jumped 9.4 percent after it agreed to be bought by a private equity consortium led by France's Astorg Asset Management for £1.6bn.

GSK slumped 19 percent after the drug maker spun of its consumer health business in the biggest listing in Europe for more than a decade.

Finland's Nordea Bank rallied 3.5 percent after its second-quarter profit beat estimates.

Food delivery company Deliveroo added 1.5 percent despite cutting its annual sales forecast.

Public relations and advertising giant WPP rose 1.2 percent after buying ecommerce agency Corebiz for an undisclosed amount.

read more
Yen Recovers Amid BoJ Rate Hike Speculation

Yen Recovers Amid BoJ Rate Hike Speculation

The Japanese yen recovered from early lows against other major currencies in the European session on Tuesday, as traders speculate that the Bank of Japan (BoJ) will hike interest rates this year.
RTTNews | 29 분 전
UK Jobless Rate Rises; Wage Growth Softens

UK Jobless Rate Rises; Wage Growth Softens

The UK unemployment rate rose slightly in the three months to April period and wage growth softened as the rise in social security contribution and the minimum wage started to weigh on the labor market activity. The ILO jobless rate rose to 4.6 percent in the three months to April, as expected, from 4.5 percent in the three months to March, data from the Office for National Statistics revealed T
RTTNews | 54 분 전
Asian Shares Rise As US-China Talks Gather Momentum

Asian Shares Rise As US-China Talks Gather Momentum

Asian stocks advanced on Tuesday ahead of a second day of talks in London between China and the U.S. to resolve tariff disputes and strengthen economic relations. U.S. officials expressed optimism after the first day of negotiations, boosting investor sentiment.
RTTNews | 1 시간 48 분 전
Pound Slides On Weak U.K. Employment Data

Pound Slides On Weak U.K. Employment Data

The British pound weakened against other major currencies in the early European session on Tuesday, after the U.K. unemployment rate rose slightly in the three months to April period.
RTTNews | 2 시간 44 분 전
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the early European session on Tuesday.
RTTNews | 3 시간 5 분 전
Australia NAB Business Conditions Ease; Confidence Improves

Australia NAB Business Conditions Ease; Confidence Improves

Australian business conditions eased in May amid ongoing profitability pressures and soft demand, while business confidence improved from the last month, survey data from NAB showed on Tuesday. A monthly survey conducted by Westpac showed that consumer confidence rose moderately in June, underpinned by interest rate cut and softening inflation.
RTTNews | 4 시간 57 분 전