European Stocks Close Lower On China Unrest, Inflation Concerns

RTTNews | 1011 일 전

(RTTNews) - European stocks closed lower on Monday as worries about growing unrest in China over strict Covid curbs rendered the mood bearish.

Several areas across China witnessed protests, with some demonstrators even calling for the resignation of Xi Jinping, as surging Covid cases prompted authorities to extend local lockdowns.

Worries about inflation hurt as well. Euro zone inflation has not peaked and the risk is that it will turn out even higher than currently expected, European Central Bank President Christine Lagarde said on Monday.

"We do not see the components or the direction that would lead me to believe that we've reached peak inflation and that it's going to decline in short order," Lagarde told the European Parliament.

"Whenever I ask my top-notch economists at the ECB ... about the risk, the answer that I get at the moment is (that) risk is to the upside, without qualifying the upside."

The pan European Stoxx 600 declined 0.65%. The U.K.'s FTSE 100 ended 0.17% down, Germany's DAX shed 1.09% and France's CAC 40 drifted down 0.7%, while Switzerland's SMI edged down 0.05%.

Among other markets in Europe, Austria, Belgium, Czech Republic, Finland, Greece, Iceland, Ireland, Netherlands, Norway, Poland, Portugal, Russia and Sweden ended with sharp to moderate losses.

Denmark and Turkiye closed higher, while Spain ended flat.

In the UK market, Admiral Group, Persimmon, Melrose Industries, Ocado Group, Rolls-Royce Holdings, BT Group and ICP lost 2.4 to 4.4%.

Standard Chartered, Prudential, Barratt Developments, Aviva, Severn Trent, Kingfisher and Fresnillo also declined sharply.

Pershing Square Holdings, Flutter Entertainment, Reckitt Benckiser, Pearson and Unilever gained 1 to 1.5%.

In the French market, Airbus Group ended nearly 6% down over fears it would have to delay the delivery schedules due to supply disruptions.

Saint Gobain, STMicroElectronics and Dassault Systemes lost 2 to 2.2%.

Safran, TotalEngines, ArcelorMittal, Veolia, Unibail Rodamco, Renault and Credit Agricole also ended notably lower.

Teleperformance, Hermes International, L'Oreal, Essilor, Sanofi and Kering closed higher.

In the German market, Brenntag plunged nearly 9% after the company confirmed that it had held preliminary takeover talks with U.S. rival Univar Solutions.

Infineon Technologies, HelloFresh, Puma, Adidas, Deutsche Bank, Sartorius, Munich RE, Daimler, Vonovia, BASF and Covestro lost 1 to 3%.

Swiss Franc Falls Against Majors

The Swiss franc dropped against its major counterparts in the New York session on Thursday.

RTTNews | 1 시간 6 분 전

Canadian Market Looks Headed For Another Positive Close

The Canadian market is firmly placed in positive territory Thursday afternoon, thanks largely to a fine performance by several technology stocks, and a few frontline stocks from consumer discretionary, real estate, communications and financials sectors.

RTTNews | 3 시간 40 분 전

Swiss Market Closes On Buoyant Note

The Switzerland market closed on a strong note on Thursday, in line with most of the markets across Europe, amid rising expectations of a rate cut by the Federal Reserve, and easing concerns about tariffs.

RTTNews | 4 시간 15 분 전

European Stocks Close Higher Ahead Of Crucial U.S. Jobs Data

European stocks closed mostly higher on Thursday, with most of the markets in the region gaining for a second straight day amid cooling bond markets. Still, the mood in the markets remained a bit cautious with investors looking ahead to crucial U.S. non-farm payroll data on Friday.

RTTNews | 4 시간 51 분 전

U.S. Services Index Climbs To Six-Month High In August

Service sector growth in the U.S. accelerated by more than anticipated in the month of August, according to a report released by the Institute for Supply Management on Thursday. The ISM said its services PMI rose to 52.0 in August from 50.1 in July, with a reading above 50 indicating growth. Economists had expected the index to inch up to 50.5.

RTTNews | 7 시간 17 분 전

U.S. Labor Productivity Surges 3.3% In Q2, Much More Than Previously Estimated

A report released by the Labor Department on Thursday showed labor productivity in the U.S. surged by much more than previously estimated in the second quarter of 2025. The Labor Department said labor productivity shot up by 3.3 percent in the second quarter compared to the previously reported 2.4 percent jump. Economists had expected the increase in labor productivity to be unrevised.

RTTNews | 7 시간 36 분 전

U.S. Trade Deficit Widens More Than Expected As Imports Spike

With the value of imports spiking, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened more than expected in the month of July. The Commerce Department said the trade deficit shot up to $78.3 billion in July from a revised $59.6 billion in June. Economists had expected the trade deficit to increase to $75.7 billion.

RTTNews | 8 시간 5 분 전

U.S. Jobless Claims Rise More Than Expected To Two-Month High

A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 30th. The Labor Department said initial jobless claims climbed to 237,000, an increase of 8,000 from the previous week's unrevised level of 229,000.

RTTNews | 8 시간 9 분 전

EURUSD	1.16468	GBPUSD	1.34306	AUDUSD	0.65135
USDJPY	148.391	USDCAD	1.38168	USDCHF	0.80527