European Shares Hold Steady Ahead Of ECB Minutes

RTTNews | 564 days ago
European Shares Hold Steady Ahead Of ECB Minutes

(RTTNews) - European stocks were seeing modest gains on Thursday after a survey showed the euro area economy continued to contract in November, albeit at a slower pace with improvements seen across all sectors.

Investors await the release of the minutes of the European Central Bank's October meeting for important clues on the rate outlook.

ECB Governing Council member Joachim Nagel indicated at an event in Milan that the European Central Bank might be nearing its terminal rate for interest rate hikes.

The pan European STOXX 600 was up 0.2 percent at 457.92 after closing up 0.3 percent to touch a two-month high in the previous session.

The German DAX was marginally higher, while France's CAC 40 and the U.K.'s FTSE 100 both edged up around 0.2 percent.

Spanish utility Endesa declined 2.7 percent after cutting its profit and dividend outlook.

Stellantis N.V., a Dutch automaker, gained 1 percent after repurchasing 50 million common shares from Dongfeng Motor for about 934 million euros ($1.02 billion).

Ericsson lost about 1 percent. The Swedish ICT solutions provider has raised EUR 500 billion (USD 545.5m) through the issuance of a green bond.

Oil and gas shares advanced, with BP Plc climbing 1.1 percent and Shell adding 0.7 percent, despite oil extending overnight losses on concerns over delayed OPEC+ meeting.

Virgin Money UK fell 1.6 percent after reporting a drop in its annual profit.

Travel company Jet2 tumbled 3 percent after reporting its half-year results.

PZ Cussons rose 1.2 percent. The consumer goods company said its performance continues to be in line with the board's expectations and consistent with its fiscal 2024 outlook.

read more
Canadian Market Up Marginally In Cautious Trade

Canadian Market Up Marginally In Cautious Trade

After a flat start and a subsequent drop to lower levels, the Canadian market emerged into positive territory about an hour past noon on Monday, but remains somewhat subdued with investors seeming reluctant to make significant moves. The mood is cautious as investors await U.S. - China trade talks in London.
RTTNews | 2h 44min ago
European Stocks Close Weak After Cautious Session

European Stocks Close Weak After Cautious Session

European markets settled lower on Monday after a subdued performance as investors awaited the outcome of U.S.-China high-level trade talks in London. Also, a lack of regional economic data and earnings news contributed to the cautious mood in the markets.
RTTNews | 3h 12min ago
FDA, CDC Probe Salmonella Outbreak As Around 1.70 Mln Dozen Brown Eggs Recalled

FDA, CDC Probe Salmonella Outbreak As Around 1.70 Mln Dozen Brown Eggs Recalled

The U.S. Food and Drug Administration and the Centers for Disease Control and Prevention or CDC are investigating a Salmonella Enteritidis outbreak linked to brown eggs that sickened nearly 79 across 7 states. Associated with the ongoing probe, August Egg Co. recalled around 1.70 million dozen brown cage-free and brown certified organic eggs sold through Walmart and other retail locations.
RTTNews | 6h 58min ago
Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

Canadian shares may open slightly higher on Monday amid optimism about some positive progress in U.S.-China trade talks. Energy stocks are likely to find some support on higher crude oil prices.. The U.S.-China discussions will aim to resolve some major trade disputes between the two major economies.
RTTNews | 8h 50min ago
FTSE 100 Down Marginally At Noon

FTSE 100 Down Marginally At Noon

The U.K. market is down marginally at noon on Monday with investors mostly making cautious moves amid a lack of triggers. The focus is on trade talks between the U.S. and Chinese officials in London. Weak Chinese exports data weighs on sentiment.
RTTNews | 10h 2min ago
CAC 40 Down Slightly In Lackluster Trade

CAC 40 Down Slightly In Lackluster Trade

French stocks are down slightly in lackluster trade on Monday with investors refraining from making significant moves as they await the high-level trade talks between U.S. and Chinese officials in London later in the day.
RTTNews | 10h 23min ago
DAX Down Over 0.5% In Cautious Trade

DAX Down Over 0.5% In Cautious Trade

German stocks are down in negative territory on Monday as investors make cautious moves while awaiting crucial talks between U.S. and Chinese officials in London later in the day. The discussions will aim to resolve some major trade disputes between the two major economies. Treasury Secretary Scott Bessent leads the U.S. delegation in the high-level trade talks.
RTTNews | 10h 44min ago