European Shares Little Changed As Yields Climb On Rate Worries

RTTNews | 563 hari yang lalu
European Shares Little Changed As Yields Climb On Rate Worries

(RTTNews) - European stocks were little changed on Friday as Treasury yields edged up on uncertainty about the rate outlook.

The euro strengthened and regional bond yields edged higher after Bundesbank President Joachim Nagel said the European Central Bank must resist any temptation to cut interest rates early.

Nagel also said he was "skeptical" about the risk of a 'hard landing' for the euro zone economy caused by the monetary policy squeeze.

Elsewhere, Bank of England's chief economist Huw Pill told the Financial Times that it was too early to declare victory in the battle against high inflation.

In economic releases, official data showed the German economy contracted slightly in the third quarter compared with the previous three months.

GDP declined 0.1 percent sequentially, confirming a first estimate, published in late October as the country languishes in a likely recession.

The German lfo business climate index rose to 87.3 in November versus 87.5 expected. GfK's consumer confidence index improved this month, despite the ongoing cost-of-living concerns.

The pan European STOXX 600 was marginally lower at 458.22 but still remained on track for weekly gains.

The German DAX and France's CAC 40 were marginally higher while the U.K.'s FTSE 100 dropped 0.3 percent.

Miners fell, with Anglo American, Antofagasta and Glencore falling around 1 percent.

Barclays edged up slightly after reports that the lender is mulling cutting around 2,000 jobs as part of plans to cut costs by as much as £1 billion ($1.3 billion) over several years.

Telematics and data technology specialist Trakm8 Holdings tumbled 3.2 percent after declaring its half-year results.

Continental AG gained 1.6 percent and Forvia rose about 1 percent after Barclays upgraded shares of the automotive parts makers to "overweight".

China-related LVMH, Hermes and Kering were moving lower after Chinese wealth manager Zhongzhi Enterprise Group told investors it is heavily insolvent with up to $64 billion in liabilities.

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 | 1j 6min yang lalu
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 | 1j 34min yang lalu
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 | 5j 20min yang lalu
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 | 7j 12min yang lalu
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 | 8j 24min yang lalu
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 | 8j 45min yang lalu
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 | 9j 6min yang lalu