European Shares Inch Higher On Trade Deal Hopes

RTTNews | 49 dias atrás

(RTTNews) - European stocks inched higher on Thursday, haling a four-day losing streak on optimism over a potential trade deal between the United States and the European Union.

The bloc is readying a package of tariffs to be levied on 72 billion euros' ($84bn) worth of goods against the U.S, if negotiations failed.

In economic releases, data showed the U.K. unemployment rate rose unexpectedly to 4.7 percent in the three months to May, while it was forecast to remain unchanged at 4.6 percent.

Pay growth slipped from 5.3 percent to 5 percent, spurring hopes the Bank of England will cut interest rates next month.

The pan European STOXX 600 was up 0.6 percent at 545.28 after falling 0.6 percent on Wednesday following disappointing earnings updates from the likes of ASML Holdings and Renault.

The German DAX climbed 0.8 percent, France's CAC 40 added 0.9 percent and the U.K.'s FTSE 100 was up 0.4 percent.

In corporate news, low-cost airline EasyJet slumped 6.6 percent after strike action by French air traffic controllers and higher fuel prices dented its quarterly performance.

Advertising firm Publicis Groupe fell nearly 2 percent despite posting strong Q2 results and upgrading its annual growth guidance.

Swatch Group rallied 2.3 percent. After reporting falling sales and profits, the watchmaker indicated that the slump in demand for luxury timepieces in China is bottoming out.

ABB shares surged 6.5 percent. The industrial-technology company reported record order intake and profit margins in the second quarter of 2025.

Rivals Siemens and Schneider Electric jumped 2.8 percent and 4.9 percent, respectively.

Online supermarket and technology group Ocado soared 13 percent after reporting better-than-expected first-half results.

U.S. Services Index Climbs To Six-Month High In August

Service sector growth in the U.S. accelerated by more than anticipated in the month of August, according to a report released by the Institute for Supply Management on Thursday. The ISM said its services PMI rose to 52.0 in August from 50.1 in July, with a reading above 50 indicating growth. Economists had expected the index to inch up to 50.5.

RTTNews | 41 minutos atrás

U.S. Labor Productivity Surges 3.3% In Q2, Much More Than Previously Estimated

A report released by the Labor Department on Thursday showed labor productivity in the U.S. surged by much more than previously estimated in the second quarter of 2025. The Labor Department said labor productivity shot up by 3.3 percent in the second quarter compared to the previously reported 2.4 percent jump. Economists had expected the increase in labor productivity to be unrevised.

RTTNews | 59 minutos atrás

U.S. Trade Deficit Widens More Than Expected As Imports Spike

With the value of imports spiking, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened more than expected in the month of July. The Commerce Department said the trade deficit shot up to $78.3 billion in July from a revised $59.6 billion in June. Economists had expected the trade deficit to increase to $75.7 billion.

RTTNews | 1 h 29 min atrás

U.S. Jobless Claims Rise More Than Expected To Two-Month High

A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 30th. The Labor Department said initial jobless claims climbed to 237,000, an increase of 8,000 from the previous week's unrevised level of 229,000.

RTTNews | 1 h 33 min atrás

U.S. Private Sector Job Growth Slows More Than Expected In August

A report released by payroll processor ADP on Thursday showed private sector employment in the U.S. increased by less than expected in the month of August. ADP said private sector employment rose by 54,000 jobs in August after jumping by an upwardly revised 106,000 jobs in July. Economists had expected private sector employment to rise by 65,000 jobs.

RTTNews | 1 h 50 min atrás

U.S. Labor Productivity Surges Much More Than Previously Estimated In Q2

EURUSD	1.1636	GBPUSD	1.3429	AUDUSD	0.65049
USDJPY	148.763	USDCAD	1.38443	USDCHF	0.8067

European Shares Inch Higher On Trade Deal Hopes

U.S. Services Index Climbs To Six-Month High In August

U.S. Labor Productivity Surges 3.3% In Q2, Much More Than Previously Estimated

U.S. Trade Deficit Widens More Than Expected As Imports Spike

U.S. Jobless Claims Rise More Than Expected To Two-Month High

U.S. Private Sector Job Growth Slows More Than Expected In August

U.S. Labor Productivity Surges Much More Than Previously Estimated In Q2

U.S. Trade Deficit Widens More Than Expected In July

U.S. Weekly Jobless Claims Rise More Than Expected