European Shares Mostly Lower On Worries Over Rates

RTTNews | 657 days ago
European Shares Mostly Lower On Worries Over Rates

(RTTNews) - European stocks fell on Friday and were set for a weekly drop on fears of elevated global interest rates.

U.K. markets were seeing modest gains, and the British pound extended a multi-week decline, a day after the Bank of England held rates steady for the first time since November 2021.

Eurozone government bond yields slipped after a survey showed that the euro zone economy will likely contract in the third quarter.

The flash UK flash composite purchasing managers' index fell to a 32-month low of 46.8 points in September while the latest readings on U.K. retail sales and consumer confidence painted a positive picture of the economy.

The pan European STOXX 600 was down 0.3 percent at 453.14 after falling 1.3 percent on Thursday.

The German DAX dropped 0.3 percent and France's CAC 40 shed 0.7 percent while the U.K.'s FTSE 100 was up 0.4 percent.

AstraZeneca rallied nearly 2 percent in London after announcing it found favorable results in a trail for a common type of breast cancer.

Infant and young children's retailer Mothercare soared 20 percent after saying it expects to complete a refinancing shortly.

Sanofi SA shares fell around 1 percent in Paris. Based on the evolution of foreign currencies, the company said its preliminary estimate of negative currency impact on third quarter sales is approximately between 7.5 percent and 8.5 percent and approximately between 8.5 percent and 9.5 percent on business EPS.

Shares of Tele2 AB and Telenor ASA were seeing modest gains after the telecom companies announced that they have together acquired licenses in the Swedish 900, 2100 and 2600 MHz spectrum auction through their joint network venture N4M for SEK 1.475 billion.

Adevinta soared 23 percent after the Norwegian online marketplace company confirmed it had received a takeover proposal from a consortium led by Permira and Blackstone.

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 | 16 minutes 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 | 34 minutes 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 | 1h 55min 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 | 4h 12min 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 | 5h 25min 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 | 5h 28min 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 | 6h 37min 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 | 7h 12min ago