European Shares Extend Gains As Investors Look For Bargains

RTTNews | Pred 1136 dňami

(RTTNews) - European stocks were sharply higher on Tuesday as investors waited for U.S. markets to resume trading after a holiday the previous day.

U.S. stock futures pointed to a sharply higher open later in the day, helping underpin sentiment ahead of Fed Chair Jerome Powell's testimony before Congress over two days.

The pan-European Stoxx 600 rallied 1.1 percent to 411.48 after rising 1 percent in the previous session.

The German DAX climbed 1.2 percent, France's CAC 40 index jumped 1.8 percent and the U.K.'s FTSE 100 was up 0.7 percent.

Dublin-headquartered building materials group Kingspan rallied 3 percent after saying it expects to report record trading profits for the first half of 2022.

Italian defense company Leonardo soared 5.5 percent after it agreed to merge its U.S. unit with Israel's RADA Electronic Industries.

BP Plc advanced 1.3 percent and Shell added 1.4 percent in London as WTI crude futures rose more than 2 percent amid tight supplies of crude and fuel products.

Online supermarket Ocado slumped 4.4 percent after raising £575m in a share placing to fund its expansion.

Packaging group DS Smith added 1.2 percent after it reported strong growth in profits and sales for the year to the end of April.

French industrial gas company Air Liquide jumped 3.3 percent. The company has signed its largest power purchase deal with Swedish utility Vattenfall.

Airbus shares rose over 1 percent after British airline EasyJet said it has exercised options to purchase 56 fuel-efficient single-aisle A320neo aircraft from the European aerospace giant.

Nordex AG, a wind turbine maker, plunged 5 percent after its first-quarter consolidated net loss stood at 150.5 million euros, wider than prior year's loss of 54.7 million euros.

Mercedes-Benz Group AG gained 2.1 percent after it appointed Paul Gao to the newly created position of Chief Strategy Officer, effective July 1, 2022.

Swiss Market Ends Moderately Lower

Despite a decent spell in positive territory till about an hour before noon, the Switzerland market turned weak and kept drifting lower as the session progressed on Thursday to eventually settle with a moderate loss.

RTTNews | Pred 29 minútami

European Stocks Close Mostly Weak As Investors React To Earnings

European markets closed mostly lower on Thursday as investors reacted to a slew of earnings announcements and digested the latest batch of economic data from the region, and also followed the developments on the trade front.

RTTNews | Pred 59 minútami

U.S. Consumer Price Growth Matches Estimates In June

A closely watched report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent in June after inching up by an upwardly revised 0.2 percent in May.

RTTNews | Pred 3 h 48 min

German Unemployment Rises In July

Germany's unemployment increased less than expected in July but the overall number of people out of work remained close to the 3 million mark due to the prolonged period of economic slowdown, official data revealed on Thursday. The number of unemployed rose by less-than-expected 2,000 from June, the Federal Employment Agency said. For July, economists had forecast an increase of 15,000.

RTTNews | Pred 4 h 30 min

U.S. Jobless Claims Inch Up Less Than Expected To 218,000

First-time claims for U.S. unemployment benefits edged slightly higher in the week ended July 26th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims crept up to 218,000, an increase of 1,000 from the previous week's unrevised level of 217,000. Economists had expected jobless claims to rise to 224,000.

RTTNews | Pred 4 h 38 min