European Stocks Close On Firm Note

RTTNews | 653 일 전

(RTTNews) - European stocks closed on a positive note on Tuesday despite paring most of their gains, as the mood turned a bit cautious past mid afternoon with investors looking for fresh signals.

The uptick came as investors bet on hopes U.S. technology major Nvidia will come out with an encouraging earnings update on Wednesday.

Investors also looked ahead to reports on manufacturing activity in major economies, and awaited the Jackson Hole Symposium in Wyoming where global central bankers are scheduled to meet on Thursday. Federal Reserve Chair Jerome Powell will speak at the symposium on Friday.

The pan European Stoxx 600 climbed 0.68%. The U.K.'s FTSE 100 gained 0.18%, Germany's DAX ended 0.66% up, and France's CAC 40 surged 0.59%, while Switzerland's SMI advanced 0.26%.

Among other markets in Europe, Austria, Belgium, Czech Republic, Denmark, Finland, Greece, Iceland, Netherlands, Portugal, Russia, Spain and Sweden closed higher.

Norway, Poland and Turkiye ended weak.

In the UK market, Fresnillo climbed 5.5%. RS Group surged nearly 4%. Unite Group, Glencore, Antofagasta, Land Securities and Flutter Entertainment gained 2 to 2.5%.

Scottish Mortgage, Endeavour Mining, Anglo American Plc, Centrica, CRH, Kingfisher, Segro, Berkeley Group Holdings and Barratt Developments ended higher by 1.4 to 1.9%.

JD Sports Fashion ended nearly 7% down. Ocado Group drifted down 1.9%. Beazley, Melrose Industries and Sainsbury (J) lost 1 to 1.6%.

In the German market, Vonovia, Infineon, Qiagen, Siemens Energy and SAP gained 2 to 2.8%. Siemens, Symrise, Siemens Healthineers, HeidelbergCement and RWE advanced 1 to 1.5%.

In Paris, ArcelorMittal, Eurofins Scientific, STMicroElectronics and Alstom gained 2.1 to 2.8%.

Edenred, Renault, Capgemini, Dassault Systemes, Veolia, Bouygues, Legrand, Sanofi, Essilor, Credit Agricole and LVMH also closed notably higher.

Shares of game publisher Ubisoft Entertainment soared higher after Microsoft said it would divest several gaming rights to the company as part of a new deal submitted to U.K. regulators for its takeover of Activision Blizzard.

In economic news, data from the European Central Bank showed the eurozone recorded a current account surplus of EURO 36.8 billion in June, as against a revised EURO 4.4 billion deficit in the same month last year.

Data released by the Office for National Statistics showed public sector net borrowing in the UK was £3.5 billion in July 2023, up from £0.1 billion in the same month last year.

Public sector net borrowing excluding banks in the UK was £4.3 billion in July 2023, up from £0.9 billion in the same month last year and below market forecasts of £5.0 billion, the data showed.

Swiss Market Ends Marginally Up

The Switzerland market, which stayed positive till well past noon on Thursday, suffered a mild setback in the penultimate hour of the session, but recovered to end the day's session marginally higher. Investors reacted positively to the European Central Bank's decision to lower interest rate by 25 basis points.

RTTNews | 27 분 전

European Stocks Close Slightly Higher

European stocks closed slightly higher on Thursday with investors digesting the European Central Bank's interest rate decision, and a slew of regional economic data, in addition to assessing the potential impact of Trump Administration's tariff moves on global trade and growth.

RTTNews | 41 분 전

Canadian Market Modestly Higher In Cautious Trade

Canadian stocks are turning in a mixed performance on Thursday with investors largely making cautious moves, looking ahead to the crucial U.S. and Canadian jobs data due on Friday.

RTTNews | 1 시간 23 분 전

U.S. Labor Productivity Slumps 1.5% In Q1, Much More Than Previously Estimated

Revised data released by the Labor Department on Thursday showed U.S. labor productivity tumbled by much more than previously estimated in the first quarter of 2025. The Labor Department said labor productivity slumped by 1.5 percent in the first quarter compared to the previously reported 0.8 percent decline. Economists had expected the decrease by labor productivity to be revised to 0.7 percent.

RTTNews | 3 시간 53 분 전

U.S. Trade Deficit Narrows Substantially In April As Imports Plummet

Largely reflecting a sharp pullback by the value of the imports, the Commerce Department released a report on Thursday showing a substantial decrease in the size of the U.S. trade deficit in the month of April. The Commerce Department said the U.S. trade deficit narrowed to $61.6 billion in April from a revised $138.3 billion in March.

RTTNews | 4 시간 11 분 전

U.S. Jobless Claims Unexpectedly Rise To Nearly Eight-Month High

With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly increased in the week ended May 31st. The report said initial jobless claims climbed to 247,000, an increase of 8,000 from the previous week's revised level of 239,000.

RTTNews | 4 시간 29 분 전

German Manufacturing Orders Rise Unexpectedly

German manufacturing orders increased in April confounding fears that higher tariffs by the US administration would hit the factory sector, official data revealed Thursday. Factory orders rose 0.6 percent month-on-month in April, following a revised 3.4 percent rise in March, Destatis said. This was the second consecutive month of growth. Orders were expected to fall 1.0 percent.

RTTNews | 4 시간 57 분 전

U.S. Labor Productivity Slumps Much More Than Previously Estimated In Q1

Revised data released by the Labor Department on Thursday showed U.S. labor productivity tumbled by much more than previously estimated in the first quarter of 2025.

RTTNews | 5 시간 10 분 전

EURUSD	1.14366	GBPUSD	1.35811	AUDUSD	0.65138
USDJPY	143.755	USDCAD	1.36603	USDCHF	0.82053

Advertisement

European Stocks Close On Firm Note