European Shares Drift Lower Ahead Of Long Weekend

RTTNews | 107日前
European Shares Drift Lower Ahead Of Long Weekend

(RTTNews) - European stocks drifted lower on Thursday as investors fretted about the impact of U.S. President Donald Trump's erratic trade policies on inflation, interest rates and global growth.

Traders also assessed the latest batch of earnings and awaited the ECB rate decision later in the day for directional cues.

The pan European STOXX 600 was down half a percent at 504.53 after falling 0.2 percent on Wednesday.

The German DAX, France's CAC 40 and the U.K.'s FTSE 100 were down between 0.3 percent and 0.6 percent ahead of a four-day-long weekend on account of Good Friday and Easter Monday.

Hexagon AB, a digital reality solutions company, fell nearly 2 percent after it agreed to buy UCRS software assets from CONET Communications GmbH.

Luxury fashion house Hermes International dropped 2 percent despite reporting a 9 percent rise in Q1 revenue.

IT group Atos SE declined 2.6 percent as it reported an organic decline in first-quarter revenue.

Evotec SE jumped 5.3 percent. The biotechnology company gave its 2028 outlook ahead of estimates after revealing higher revenues for fiscal 2024.

ABB rose 1.6 percent as it posted a 22 percent rise in profit in the first quarter of 2025 and announced plans to spin off its robotics division as a separately listed company.

Meat delivery company Deliveroo climbed 2.5 percent after reiterating its full-year guidance.

read more
U.S. Construction Spending Unexpectedly Sees Further Downside In June

U.S. Construction Spending Unexpectedly Sees Further Downside In June

The Commerce Department released a report on Friday unexpectedly showing a continued decrease by U.S. construction spending in the month of June. The report said construction spending fell by 0.4 percent to an annual rate of $2.136 trillion in June after sliding by 0.5 percent to a revised rate of $2.144 trillion in May.
RTTNews | 1日前
U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved marginally less than previously estimated in the month of July. The University of Michigan said its consumer sentiment index for July was downwardly revised to 61.7 from a preliminary reading of 61.8. Economists had expected the index to be upwardly revised to 62.0.
RTTNews | 1日前
U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of July, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI edged down to 48.0 in July after inching up to 49.0 in June with a reading below 50 indicating contraction.
RTTNews | 1日前
Eurozone Inflation Steady At 2% ECB Target

Eurozone Inflation Steady At 2% ECB Target

Euro area consumer price inflation was unchanged at the European Central Bank's 2 percent target in July, easing the pressure for more easing. The harmonized index of consumer prices increased 2.0 percent year-on-year in July, the same rate of increase as seen in June. Inflation was forecast to ease marginally to 1.9 percent.
RTTNews | 1日前