European Shares Flat To Higher As Earnings Pour In

RTTNews | 1 hari yang lalu

(RTTNews) - European stocks were flat to slightly higher on Thursday as investors digested a slew of earnings and reacted to a flurry of trade and tariff-related announcements from U.S. President Donald Trump on the eve of his Friday deadline.

In economic releases, preliminary data showed inflation remained unchanged month-on-month in two important German states in July.

The number of people out of work in Germany increased by 2,000 in July, significantly below analyst expectations, labor office figures revealed.

The pan European STOXX 600 edged up by 0.2 percent to 551.47 after ending flat with a negative bias on Wednesday.

The German DAX rose 0.4 percent, France's CAC 40 was marginally higher and the U.K.'s FTSE 100 gained 0.3 percent.

French utilities company Veolia Environnement declined 1.7 percent after reporting a decline in first-half revenue.

Ipsen, a specialty care biopharmaceutical company, lost 4 percent despite delivering strong first-half results and upgrading its full-year guidance.

Hotel group Accor plunged 12 percent as revenue per available room (RevPAR), a key industry metric, came in below forecasts in the second quarter.

Airline Lufthansa was marginally higher and peer Air France-KLM surged 4.3 percent after reporting higher second-quarter profits.

Reinsurer SCOR slumped 4 percent despite reporting strong Q2 results.

Construction, media and telecoms group Bouygues declined 3.4 percent as it reported weak organic growth for the first half of the year.

Lender Societe Generale surged 6.2 percent after raising its full-year profitability target.

Drug maker Sanofi gave up nearly 3 percent on reporting lower-than-expected profit for the second quarter.

German defense electronics maker Hensoldt rallied 3.5 percent as it reported solid revenue growth and a record order backlog in its H1 2025 results.

Swiss cement giant Holcim rose 1.1 percent as second-quarter profit came in above expectations.

ArcelorMittal, the world's second-largest steelmaker, shed 3.6 percent after cutting its forecast for steel demand outside of China.

France's Safran surged 4 percent and U.K.'s Rolls-Royce Holdings soared 9 percent after raising their profit outlooks.

British American Tobacco gained more than 1 percent as first-half profit beat estimates.

Energy major Shell advanced 1.5 percent as second-quarter profit beat expectations and the company said it would buy back $3.5 billion of shares over the coming three months.

U.S. Dollar Falls As Weak Jobs Data Lifts Rate Cut Hopes

The U.S. dollar weakened against its major counterparts in the New York session on Friday, as weaker-than-expected jobs data for July strengthened expectations of a Fed rate cut in September.

RTTNews | 2j 58min yang lalu

European Stocks Close Sharply Lower As Trump's Tariff Move Hurts Sentiment

European stocks tumbled on Friday, recording one of their worst sessions in several months, as sweeping fresh tariffs announced by U.S. President Donald Trump raised fears of a global economic slowdown, prompting investors to press selling across the board.

RTTNews | 6j 18min yang lalu

Canadian Market Remains Firmly Down In Negative Territory On Tariff Worries

The Canadian market got off to a weak start Friday morning and slipped deeper into the red subsequently, as U.S. President Donald Trump's sweeping tariff announcement rendered the mood bearish.

RTTNews | 7j 49min yang lalu

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 | 9j 2min yang lalu

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 | 9j 6min yang lalu

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 | 9j 8min yang lalu

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 | 9j 55min yang lalu

U.S. Job Growth Misses Estimates In July, Previous Months' Numbers Revised Sharply Lower

Job growth in the U.S. fell well short of economist estimates in the month of July, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment rose by 73,000 jobs in July, while economists had expected employment to jump by 110,000 jobs.

RTTNews | 10j 3min yang lalu

EURUSD	1.15956	GBPUSD	1.32834	AUDUSD	0.64735
USDJPY	147.381	USDCAD	1.37779	USDCHF	0.8035

Advertisement

European Shares Flat To Higher As Earnings Pour In