European Shares Extend Gains On Trade Deal Optimism

RTTNews | 11h 9min ago
European Shares Extend Gains On Trade Deal Optimism

(RTTNews) - European stocks rose for a fourth consecutive session on Thursday as optimism prevailed about a potential trade deal between the U.S. and the European Union. EU trade chief Maros Sefcovic said there was good progress on a framework trade agreement and a deal may even be possible within days.

Meanwhile, German inflation eased to the lowest in eight months in June, as initially estimated, due to continued decline in energy prices and slowdown in food inflation, final data from Destatis showed today.

Consumer price inflation slowed to 2.0 percent in June, in line with flash estimate, from 2.1 percent in May. A similar lower rate was last reported in October 2024.

The pan-European STOXX Europe 600 rose half a percent to 552.88 after climbing 0.8 percent on Wednesday.

The German DAX edged up by 0.1 percent, France's CAC 40 climbed 0.6 percent and the U.K.'s FTSE 100 rallied 1.1 percent.

In corporate news, Nordex SE rallied 2.5 percent after the wind turbine manufacturer announced strong order intake of 2.3 GW in the second quarter of 2025.

DCC, a sales, marketing, and support services provider, rose over 1 percent after delivering Q1 operating profit growth in line with expectations.

Jupiter Fund Management jumped 12 percent after it agreed to acquire CCLA, a U.K. asset manager covering non-profit organizations.

PageGroup climbed 2.4 percent as the recruiter forecast annual profit in line with market view.

Global advertising and communications company WPP advanced 3.3 percent after appointing Microsoft's Cindy Rose as its new CEO.

ASM International and ASML Holding both rose around 1 percent after TSMC, the chipmaker for Nvidia and Apple, reported strong Q2 sales.

Barry Callebaut AG shares slumped 13 percent. The chocolate maker cut its sales volume guidance for a second time within three months due to persistent cocoa bean price volatility.

read more
Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

Swiss stocks turned in a fine performance on Thursday, in line with most of the markets across Europe, amid optimism about a U.S.-EU trade deal materialising sometime soon.
RTTNews | 2h 24min ago
European Stocks Close Broadly Higher On Trade Deal Hopes

European Stocks Close Broadly Higher On Trade Deal Hopes

European stocks closed on a positive note on Thursday with the undertone remaining firm amid expectations the European Union and the U.S. will strike a trade deal soon. Investors also looked ahead to the earnings season that is set to start next week.
RTTNews | 2h 43min ago
Canadian Market Modestly Higher At Noon

Canadian Market Modestly Higher At Noon

After a flat start and a subsequent drop into negative territory, the Canadian market climbed higher Thursday morning and remained firmly well placed in positive territory at noon. The mood remains somewhat cautious amid concerns about tariffs following U.S. President Donald Trump confirming a 50% levy on copper imports, and hinting at additional tariffs on semiconductors and pharmaceuticals.
RTTNews | 4h 4min ago
U.S. Jobless Claims Unexpectedly Slip To 227,000

U.S. Jobless Claims Unexpectedly Slip To 227,000

First-time claims for U.S. unemployment benefits unexpectedly edged modestly lower in the week ended July 5th, according to a report released by the Labor Department on Thursday.
RTTNews | 6h 21min ago
U.S. Weekly Jobless Claims Unexpectedly Edge Lower

U.S. Weekly Jobless Claims Unexpectedly Edge Lower

First-time claims for U.S. unemployment benefits unexpectedly edged modestly lower in the week ended July 5th, according to a report released by the Labor Department on Thursday.
RTTNews | 7h 34min ago
Bay Street Seen Opening On Mixed Note

Bay Street Seen Opening On Mixed Note

Canadian shares may open on a slightly mixed note on Thursday tracking the trend in the commodity markets, and somewhat firm European stocks. The focus, once again, will be on trade negotiations between the U.S. and several other major nations.
RTTNews | 7h 37min ago
FTSE 100 Rises To Record High As Mining Stocks Rally

FTSE 100 Rises To Record High As Mining Stocks Rally

The UK stock market climbed to a new record high Thursday morning, lifted by strong gains in the mining sector. The undertone in major European markets is quite firm today amid optimism about a potential trade deal between the U.S. and the European Union.
RTTNews | 8h 46min ago
CAC 40 Moderately Higher On Trade Deal Hopes

CAC 40 Moderately Higher On Trade Deal Hopes

French stocks are gaining some ground in positive territory on Thursday amid rising hopes the European Union will strike a trade deal with the U.S. sometime soon.
RTTNews | 9h 20min ago