European Shares Flat To Higher On China Stimulus Talk

RTTNews | 762 일 전

(RTTNews) - European stocks were flat to slightly higher on Tuesday after Chinese authorities pledged more support measures to boost growth in the world's second-largest economy.

Sentiment was also underpinned by hopes for an end to the United States' aggressive monetary tightening as a two-day meeting of the Federal Reserve gets underway later today.

Meanwhile, German business confidence deteriorated for the third straight month in July, a monthly survey conducted by the ifo institute showed today.

The business climate index fell to 87.3 in July from 88.6 in the previous month. The expected score was 88.0.

The pan European STOXX 600 inched up 0.2 percent to 466.63 after ending flat with a positive bias on Monday.

The German DAX and France's CAC 40 were marginally higher, while the U.K.'s FTSE 100 was up 0.2 percent, led by miners.

Anglo American jumped 4.5 percent, Antofagasta rallied 4.3 percent and Glencore added 2.6 percent as metal prices advanced after China's pledge to step up support for its sputtering economy.

Swiss banking major UBS Group AG rose about 1 percent after it has been fined $400 million by U.S., Swiss and U.K. banking authorities for misconduct by Credit Suisse, which UBS acquired in June 2023.

British consumer goods giant Unilever soared 5 percent after Q2 sales beat estimates. Ashtead Group dropped 1.2 percent after pricing its $750 million offering in the U.S. of 5.950 percent senior notes due 2033.

French software maker Dassault Systemes SE slumped 3.7 percent after posting muted revenue growth in the second quarter.

Spirits group Remy Cointreau rallied 3.6 percent after backing its FY24 view.

Défense electronics and cybersecurity company Thales dropped 1 percent after it agreed to buy U.S. cybersecurity company Imperva in a deal worth $3.6 billion.

Catering group Sodexo fell 2.7 percent after expanding its footprint in Brazil with a strategic partnership.

Bayer Group added 1.7 percent despite the German company cutting its fiscal year 2023 outlook, citing further deterioration in demand for glyphosate-based products.

Swiss Market Ends Moderately Lower

After a weak start and a subsequent long spell in negative territory, the Switzerland market briefly moved slightly above the flat line in late afternoon trades on Monday, but quickly tumbled again to eventually settle on a weak note.

RTTNews | 2 시간 47 분 전

European Markets Close Weak After Cautious Session

European stocks closed on a weak note on Monday after a cautious session as investors awaited key inflation data from major economies in the region, and looked for more details about U.S. - EU trade deal.

RTTNews | 3 시간 8 분 전

Canadian Market Down More Than 0.5% On Profit Taking

After opening slightly down, the Canadian market slipped deeper into the red on Monday, weighed down by losses in healthcare, consumer staples, utilities and materials sectors.

RTTNews | 3 시간 47 분 전

U.S. New Home Sales Pull Back From Upwardly Revised Level In July

New home sales in the U.S. decreased from an upwardly revised level in the month of July, according to a report released by the Commerce Department on Monday. The Commerce Department said new home sales fell by 0.6 percent to an annual rate of 652,000 in July after surging by 4.1 percent to an upwardly revised rate of 656,000 in June.

RTTNews | 5 시간 32 분 전

Bay Street May Open On Weak Note

Canadian shares may open on a weak note Monday morning, tracking lower metal prices and European stocks. However, energy stocks may find support on higher oil prices, and help limit market's downside.

RTTNews | 8 시간 13 분 전

Dollar Extends Losses Amidst Powell's Dovish Surprise

A markedly dovish tone in Fed Chair Jerome Powell's speech at the Jackson Hole symposium on Friday weakened the Dollar, resulting in further losses for the currency during the week ended August 22.

RTTNews | 8 시간 58 분 전

German Ifo Business Confidence Strongest Since 2024

German business sentiment hit the highest level in more than two years in August on expectations that the fiscal stimulus would help to kickstart the economic recovery. The business climate index rose to 89.0 in August from 88.6 in the previous month. This was the highest score since April 2024 and also came in above economists' forecast of 88.6. The German economy's recovery remains weak.

RTTNews | 9 시간 1 분 전

CAC 40 Down Nearly 0.6% In Cautious Trade

French stocks remain in negative territory on Monday, with investors mostly making cautious moves, looking for some more clarity on U.S. - EU trade deal, and awaiting crucial inflation data from the region.

RTTNews | 9 시간 35 분 전

EURUSD	1.16238	GBPUSD	1.34574	AUDUSD	0.64839
USDJPY	147.71	USDCAD	1.38564	USDCHF	0.80586