European Shares Little Changed As Investors Await Lagarde Remarks

RTTNews | 545 일 전

(RTTNews) - European stocks were little changed on Friday as investors reacted to hawkish comments from a Federal Reserve official and a slew of mixed regional data.

The euro remained slightly above the 1.08 level in a narrow range after data showed the German economy contracted as estimated in Q4 on weaker investment.

Gross domestic product slid 0.3 percent sequentially after stagnating in the third quarter, according to revised data from Destatis.

The headline German IFO business climate index improved to 85.5 in February from the January print of 85.2.

Elsewhere, survey data from GfK showed that U.K. consumer confidence dropped in February on weak economic conditions.

The consumer sentiment index fell to -21 in February from -19 in January. The score was seen at -18.

The pan European STOXX 600 was marginally higher at 495.48 after climbing 0.8 percent on Thursday to surpass its previous record close on Jan. 5, 2022.

The German DAX traded with a negative bias, while France's CAC 40 and the U.K.'s FTSE 100 both were marginally higher ahead of remarks from European Central Bank policymakers, including President Christine Lagarde.

Swiss engineering company ABB fell about 2 percent after it named Morten Wierod as its new CEO.

Standard Chartered jumped 6.5 percent in London. The lender announced a $1 billion share buyback after posting quarterly earnings that beat estimates.

Aerospace and defense group Chemring dropped 1.2 percent after keeping expectations for fiscal 2024 performance unchanged.

German insurer Allianz fell more than 3 percent after its fourth quarter profit came in slightly below expectations.

Airline Lufthansa tumbled 4.2 percent after news on board reshuffle.

Deutsche Telekom fell over 2 percent as it reported a loss of 1.035 billion euros or 0.21 euros per share for the fourth quarter.

Japanese Market Slightly Higher

The Japanese market is slightly higher on Friday, snapping a three-session losing streak, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving above the 42,650 level, with gains across all sectors led by automakers and financial stocks as domestic inflation data beat expectations.

RTTNews | 34 분 전

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday, recouping some of the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 9,000 mark, with weakness in technology and financial stocks partially offset by gains in mining and energy stocks.

RTTNews | 57 분 전

U.S. Dollar Climbs Against Majors

The U.S. dollar strengthened against its major counterparts in the New York session on Thursday.

RTTNews | 5 시간 7 분 전

TSX Hovers Near Record High; Materials, Energy Stocks Shine Again

Materials and energy stocks are among the prominent gainers in the Canadian market, which is up in positive territory in mid afternoon trades on Thursday.

RTTNews | 8 시간 43 분 전

Swiss Market Ends Weak

The Switzerland market ended modestly lower on Thursday after languishing in negative territory right through the day's trading session, as the mood remained cautious with investors looking ahead to speeches from central bank chiefs at Federal Reserve's Jackson Hole Symposium.

RTTNews | 9 시간 5 분 전

European Stocks Close On Mixed Note Again

European stocks turned in another mixed performance as investors stayed a bit cautious on Thursday, looking ahead to Federal Reserve's symposium at Jackson Hole, Wyoming, and largely shrugging off trade concerns. Investors also digested the latest batch of regional economic data, including flash estimates of manufacturing and services sector activity in the major economies.

RTTNews | 9 시간 21 분 전

Eurozone Consumer Confidence Weakens More Than Expected In August

Euro area consumer sentiment deteriorated more than expected in August to a four-month low, after a strong improvement in the previous month, preliminary results of the monthly survey by the European Commission revealed on Thursday.

RTTNews | 10 시간 9 분 전

U.S. Leading Economic Index Edges Down In Line With Estimates In July

A reading on leading U.S. economic indicators edged slightly lower in the month of July, according to a report released by the Conference Board on Thursday. The Conference Board said leading economic index slipped by 0.1 percent in July after falling by 0.3 percent in June. The modest decrease matched economist estimates.

RTTNews | 12 시간 4 분 전

EURUSD	1.16113	GBPUSD	1.34144	AUDUSD	0.64291
USDJPY	148.517	USDCAD	1.39085	USDCHF	0.80906