European Shares Mixed Ahead Of BoE Rate Decision

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European Shares Mixed Ahead Of BoE Rate Decision

(RTTNews) - European stocks were mixed on Thursday ahead of the Bank of England's rate decision due later in the session, with the central bank widely expected to keep interest rates on hold due to tariff uncertainties and the British government's impending tax hike for employers.

Earlier in the day, the Swiss National Bank cut its policy interest rate by 25 basis points, while its Swedish counterpart left rates unchanged.

The pan European STOXX 600 was up 0.2 percent at 556.22, extending its four-day winning streak as the Federal Reserve signaled two possible interest rate cuts by the end of this year.

The German DAX dropped half a percent and France's CAC 40 slipped 0.3 percent while the U.K.'s FTSE 100 was up 0.1 percent.

German engine manufacturer Deutz fell 2.4 percent after 2024 adjusted earnings almost halved.

Stratec SE declined 2 percent after postponing its annual report release.

RWE lost 4 percent. The utility said it would cut investments by more than a fifth until the end of the decade.

Prudential gained more than 1 percent after it announced a health insurance joint venture with India-based HCL Group.

French caterer Sodexo slumped 14 percent after lowering its full-year revenue and profit margin guidance.

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Australia Inflation Accelerates To 1-Year High

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Australia's consumer price inflation accelerated more than expected to a one-year high in July, indicating a more gradual approach to monetary policy easing. The CPI indicator advanced 2.8 percent year-on-year in July, following June's 1.9 percent rise, the Australian Bureau of Statistics reported. This was the strongest since July 2024.
RTTNews | il y a 1h 34min
European Economic News Preview: German GfK Consumer Confidence Due

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Consumer sentiment survey data from Germany is the top economic news due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the market research group GfK publishes Germany's monthly consumer confidence survey results. The consumer sentiment indicator is forecast to fall to -22 in September from -21.5 in August.
RTTNews | il y a 2h 9min
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending it early gains in mid-market moves on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks.
RTTNews | il y a 2h 58min
Asian Markets Mixed In Cautious Trades

Asian Markets Mixed In Cautious Trades

Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious and seem reluctant to make significant moves ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation, which could impact the outlook for interest rates.
RTTNews | il y a 3h 2min
Mild Upside Seen For Thai Stock Market

Mild Upside Seen For Thai Stock Market

The Thai stock market on Tuesday ended the two-day winnings streak in which it had picked up almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it figures to move back to the upside again on Wednesday.
RTTNews | il y a 4h 28min
Japanese Market Slightly Lower

Japanese Market Slightly Lower

The Japanese stock market is slightly lower in choppy trading on Wednesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is staying below the 42,400 level, with a mixed performance across all sectors.
RTTNews | il y a 4h 47min
Indonesia Shares May Reverse Tuesday's Losses

Indonesia Shares May Reverse Tuesday's Losses

The Indonesia stock market headed south again on Tuesday, one day after snapping the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,900-point plateau although it's looking to bounce higher again on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.
RTTNews | il y a 4h 58min