European Shares Finish Mixed On Thursday

RTTNews | 650 hari yang lalu
European Shares Finish Mixed On Thursday

(RTTNews) - The major European markets closed on opposite sides of the unchanged line on Thursday as France and the UK hugged the line throughout the session and finished under water, while Germany was well in the green throughout.

The markets opened mostly higher amid hopes that the Federal Reserve is nearing the end of its tightening cycle. In addition, China reported downbeat PMI data, adding pressure on policymakers to roll out more stimulus measures.

The DAX in Germany added 55.15 points or 0.35 percent to finish at 15,947.08, while the FTSE in London sank 34.54 points or 0.46 percent to close at 7,439.13 and the CAC 40 in France shed 47.70 points or 0.65 percent to end at 7,316.70.

In Germany, Vonovia surged 5.14 percent, while Zalando soared 3.61 percent, Deutsche Bak dropped 1.35 percent, Siemans Energy rallied 1.04 percent, Deutsche Telekom advanced 0.99 percent, Daimler Truck added 0.68 percent, Heidelberg Materials sank 0.40 percent, Volkswagen lost 0.34 percent, Deutsche Borse fell 0.24 percent and Deutsche Post eased 0.03 percent.

In London, Prudential plunged 3.36 percent, while Rolls-Royce accelerated 2.54 percent, Compass Group tumbled 1.39 percent, Centrica climbed 1.17 percent, Haleon slumped 0.95 percent, St. James Place advanced 0.73 percent, M&G added 0.61 percent, Experian sank 0.58 percent, Tesca gained 0.57 percent, Entain lost 0.56 percent, Rentokil fell 0.20 percent, British American Tobacco eased 0.15 percent and Vodafone was down 0.10 percent.

In France, Pernod Ricard plummeted 6.74 percent, while Atos spiked 5.55 percent, Veolia Environment jumped 1.66 percent, Vivendi rallied 1.01 percent, Schneider Electric sank 0.80 percent, Societe Generale dropped 0.59 percent, Sanofi lost 0.56 percent, Credit Agricole fell 0.39 percent, BNP Paribas slid 0.28 percent and Danone was down 0.24 percent.

In economic news, Eurozone inflation ceased to slow in August on energy prices but underlying inflation eased due to the slowdown in goods and services price growth, data from Eurostat showed on Thursday. The unemployment rate in the currency bloc held steady at a record low in July, suggesting that wage growth will remain strong.

Germany's retail sales declined more than expected in July on falling food turnover, data from Destatis revealed on Thursday. Retail sales fell 2.2 percent on a yearly basis in July compared to economists' forecast of 1.0 percent decrease. On a monthly basis, retail sales slid 0.8 percent in July, shy of expectations for a 0.3 percent gain.

France's inflation accelerated in August, driven by energy prices, after slowing for three straight months, data showed on Thursday. Consumer price inflation rose to a three-month high of 4.8 percent in August from 4.3 percent in July, the statistical office INSEE reported. The rate was also above economists' forecast of 4.6 percent.

read more
U.S. Consumer Prices Inch Up 0.1% In May, Slightly Less Than Expected

U.S. Consumer Prices Inch Up 0.1% In May, Slightly Less Than Expected

A closely watched report released by the Labor Department on Wednesday showed a slight increase by consumer prices in the U.S. in the month of May. The Labor Department said its consumer price index inched up by 0.1 percent in May after rising by 0.2 percent in April. Economists had expected another 0.2 percent increase.
RTTNews | 1j 7min yang lalu
Bay Street Seen Opening On Mixed Note

Bay Street Seen Opening On Mixed Note

It's likely to be a mixed start for Canadian shares on Wednesday with investors reacting to the crucial U.S. consumer price inflation data, and the developments on the trade front where U.S. and Chinese official reached a framework to implement the Geneva consensus following two days of discussions in London.
RTTNews | 1j 55min yang lalu
CAC 40 Drifts Lower In Cautious Trade

CAC 40 Drifts Lower In Cautious Trade

The French market is down in negative territory Wednesday afternoon, with stocks moving in a narrow range as investors await further details on U.S.-China trade talks, and the crucial inflation data from the U.S. later in the day.
RTTNews | 3j 4min yang lalu
Euro Rises Amid Risk-on Mood

Euro Rises Amid Risk-on Mood

The euro strengthened against other major currencies in the European session on Wednesday amid increased risk-on mood, as investors monitored the latest updates from Sino-U.S. talks and awaited crucial U.S. inflation data for direction. After two days of discussions in London, U.S. and Chinese officials have agreed on a limited framework to put their trade truce back on track.
RTTNews | 4j 10min yang lalu
Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the European session on Wednesday.
RTTNews | 4j 19min yang lalu
Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Indian shares eked out modest gains on Wednesday as markets assessed the outcome of high-level U.S.-China talks and awaited key U.S. inflation readings for additional clues on the Federal Reserve's rate trajectory.
RTTNews | 4j 21min yang lalu