European Shares Slide On Inflation, Growth Concerns

RTTNews | 646日前
European Shares Slide On Inflation, Growth Concerns

(RTTNews) - European stocks slipped into the red on Wednesday after data showed inflation rising in some German states.

Spanish inflation also accelerated and a measure of economic confidence in the euro zone fell again in August, raising worries about the inflation and growth outlook. The pan European STOXX 600 was down 0.3 percent at 458.55 after gaining 1 percent on Tuesday.

The German DAX and France's CAC 40 both dropped around half a percent while the U.K.'s FTSE 100 was marginally higher.

In corporate news, Orsted plunged 21 percent after the Danish renewable energy firm warned of impairments of up to 5 billion Danish crowns ($729.78 million) on its U.S. portfolio.

British insurer Prudential rallied 3.5 percent after first-half operating profit rose 6 percent.

Direct Line Insurance Group rose 1.2 percent after the motor and home insurer poached Adam Winslow, a senior executive at rival Aviva, to be its new chief executive.

Hi-tech software firm Instem soared 40 percent after it agreed to a £203m takeover by a U.S. private equity firm.

Delivery Hero shares slumped 6.6 percent after the German online food delivery service reported net and operating losses for the first half.

read more
U.S. Job Growth Slightly Exceeds Estimates In May

U.S. Job Growth Slightly Exceeds Estimates In May

Employment in the U.S. increased by slightly more than expected in the month of May, according to a report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 139,000 jobs in May after jumping by a downwardly revised 147,000 jobs in April.
RTTNews | 23分前
Bay Street May Open Slightly Higher; U.S., Canadian Jobs Data In Focus

Bay Street May Open Slightly Higher; U.S., Canadian Jobs Data In Focus

Higher Canadian and U.S. futures point to a slightly positive start on Bay Street Friday morning. The focus is on the crucial jobs data from Canada as well as the U.S. Lingering concerns about trade tensions may weigh on sentiment and limit market's upside.
RTTNews | 1時45分前
Eurozone GDP Growth Accelerates To 0.6%

Eurozone GDP Growth Accelerates To 0.6%

The euro area economic growth doubled in the first quarter on household spending, investment and exports, official data revealed on Friday. Gross domestic product logged a quarterly growth of 0.6 percent in the first quarter, which was faster than the initial estimate of 0.3 percent, Eurostat said. This followed a 0.3 percent rise in the fourth quarter of 2024.
RTTNews | 3時33分前
India Slashes Policy Rates By Bigger Than Expected 50 Bps; Shifts Stance To Neutral

India Slashes Policy Rates By Bigger Than Expected 50 Bps; Shifts Stance To Neutral

The Reserve Bank of India lowered its interest rates by a sharper-than-expected 50 basis points on Friday, marking the third consecutive reduction as policymakers focused on propelling growth amid the softening inflation, but the central bank shifted its monetary policy stance to neutral signaling a pause ahead. The MPC decided to cut the policy repo rate by 50 basis points to 5.50 percent.
RTTNews | 3時45分前
Sensex, Nifty Rally As RBI Surprises With Jumbo Rate Cut

Sensex, Nifty Rally As RBI Surprises With Jumbo Rate Cut

Indian shares rallied on Friday as the Reserve Bank of India (RBI) surprised the market with a 50 basis points (bps) cut in the benchmark repo rate to 5.5 percent, slashed the cash reserve ratio (CRR) by 100 basis points to 3 percent, and also trimmed its inflation forecast for the year by 30 basis points to 3.7 percent.
RTTNews | 3時48分前
U.K. Stocks Subdued As Investors Look For Directional Clues

U.K. Stocks Subdued As Investors Look For Directional Clues

U.K. stocks are largely subdued Friday morning with investors looking for directional clues and refraining from making significant moves. The focus is on the progress of trade negotiations between U.S. and China, and the upcoming U.S. non-farm payrolls data.
RTTNews | 3時54分前
CAC 40 Down Slightly In Lackluster Trade

CAC 40 Down Slightly In Lackluster Trade

French stocks are down slightly in negative territory Friday morning, as disappointing industrial production data, and trade tensions weigh on sentiment. Investors are also looking ahead to the release of U.S. non-farm payrolls report, due later in the day.
RTTNews | 4時23分前