European Stocks Tumble, End Final Session Of Year On Weak Note

RTTNews | 855 일 전

(RTTNews) - European stocks ended the final session of Year 2022 on a very weak note as fears about a recession, worries about rising rates, surging Covid cases in China, and an escalation in Russia-Ukraine tensions all weighed on sentiment and rendered the mood bearish.

The pan European Stoxx 600 declined 1.27% on Friday. The U.K.'s FTSE 100 dropped 0.81%, Germany's DAX shed 1.05% and France's CAC 40 lost 1.52%, while Switzerland's SMI ended 1.18% down.

The Stoxx 600 fell 12.8% this year, after rising as much as 22.2% in 2021. Germany's DAX dropped more than 12% in 2022 after seeing a 16% jump a year earlier. The CAC 40 lost nearly 10% this year, while the FTSE 100 outperformed its peers and added about 1%.

Among other markets in Europe, Austria, Belgium, Czech Republic, Denmark, Finland, Ireland, Netherlands, Norway, Poland, Portugal, Spain and Sweden ended weak.

Greece, Iceland, Russia and Turkiye closed higher.

In the UK market, Barratt Developments, Persimmon, BT Group, Ocado Group, RightMove, Halma, Auto Trader Group, DCC, Schrodders and Taylor Wimpey lost 2 to 3.1%.

Rentokil Initial, Airtel Africa, Ashtead Group, IAG, Lloyds Banking Group, RS Group, Frasers Group, Weir Group, Croda International and BP ended lower by 1 to 2%.

JD Sports Fashion, Coca-Cola HBC and Fresnillo gained 2.5%, 2.25% and 1.85%, respectively. Rolls-Royce Holdings, Next and Scottish Mortgage also closed higher.

In Paris, Hermes International, Michelin, LVMH, Unibail Rodamco, Eurofins Scientific, Schneider Electric and Essilor lost 2 to 3%.

In the German market, Zalando, HelloFresh, Deutsche Telekom, Continental, Bayer, Vonovia, Symrise, HeidelbergCement, Allianz, SAP, Merck and Deutsche Wohnen ended lower by 1 to 3.3%.

In economic releases, U.K. house price inflation slowed markedly at the end of the year as the rising interest rates and high inflation started to dampen the affordability of home buyers, data from the mortgage lender Nationwide showed earlier today.

House prices were 2.8% higher than in December 2021. This was slower than November's 4.4% increase, but faster than economists' forecast of 2.3%.

On a monthly basis, house prices dropped at a slower pace of 0.1 percent after a 1.4% decrease in November.

Switzerland's economic outlook is set to improve somewhat at the beginning of 2023, results of a key survey by KOF Swiss Economic Institue showed.

The economic barometer rose to a three-month high of 92.2 points in December from 89.5 in September, which was revised from 89.2, the KOF Swiss Economic Institute said. Economists had forecast a score of 90.5.

The KOF barometer, which is a leading indicator for turning points in the Swiss economy, improved for the first time in six months.

U.S. Dollar Recovers After Jobs Data

The U.S. dollar rebounded against its major counterparts in the New York session on Friday, after the release of better-than-expected non farm payrolls report for April.

RTTNews | 16 시간 19 분 전

Swiss Market Ends On Bright Note

The Switzerland market closed on a strong note on Friday, mirroring the trend in markets across Europe and elsewhere, as worries about trade tensions eased after China stated its willingness to hold talks with the U.S.

RTTNews | 18 시간 59 분 전

European Stocks Close On Buoyant Note

European stocks closed higher on Friday, with the major markets in the region posting strong gains, amid easing concerns about U.S-China trade relations, and on upbeat U.S. non-farm payroll data.

RTTNews | 19 시간 20 분 전

Canadian Market Up Firmly In Positive Territory

The Canadian market is up firmly in positive territory a little past noon on Friday, amid easing concerns about U.S.-China trade tensions following China expressing willingness to hold tariff talks with the United States. Data showing a much higher than expected increase in U.S. non-farm payroll growth in the month of April is also aiding sentiment.

RTTNews | 20 시간 17 분 전

U.S. Factory Orders Spike Slightly Less Than Expected In March

The Commerce Department released a report on Friday showing a sharp increase by new orders for U.S. manufactured goods in the month of March. The report said factory orders spiked by 4.3 percent in March after rising by a downwardly revised 0.5 percent in February.

RTTNews | 22 시간 15 분 전

U.S. Employment Jumps By 177,000 Jobs In April, Much More Than Expected

Job growth in the U.S. far exceeded economist estimates in the month of April, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 177,000 jobs in April compared to expectations for an increase of about 130,000 jobs.

RTTNews | 23 시간 9 분 전

Eurozone Inflation Remains Stable At 2.2%

Euro area annual inflation remained stable in April near the European Central Bank's 2 percent target, but the trade tariff uncertainty clouds the outlook. The harmonized index of consumer prices grew 2.2 percent on a yearly basis in April, the same pace of increase as seen in March, flash data from Eurostat showed on Friday. Prices were expected to climb at a slower pace of 2.1 percent.

RTTNews | 23 시간 33 분 전

Eurozone Manufacturing Activity Shrinks At Slower Pace

Euro area factory activity contracted at a slower pace in April as production grew at the fastest pace in more than three years, final data of the purchasing managers' survey by S&P Global showed Friday. The HCOB manufacturing Purchasing Managers' Index rose to a 32-month high of 49.0 in April from 48.6 in March. The score was also above the flash estimate of 48.7.

RTTNews | 23 시간 45 분 전

EURUSD	1.13037	GBPUSD	1.32767	AUDUSD	0.64436
USDJPY	144.966	USDCAD	1.38103	USDCHF	0.8268

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European Stocks Tumble, End Final Session Of Year On Weak Note