European Shares Tick Higher In Cautious Trade

RTTNews | 10h 19min ago
European Shares Tick Higher In Cautious Trade

(RTTNews) - European stocks were flat to slightly higher on Monday ahead of regional manufacturing PMI prints due later in the day.

The pan European Stoxx 600 was up 0.3 percent at 573.57 after ending half a percent lower on Friday, marking its fourth straight losing session.

The German DAX climbed 0.6 percent, France's CAC 40 edged up by 0.1 percent in choppy trade amid budget talks in Paris, and the U.K.'s FTSE 100 added 0.2 percent.

British oil major BP Plc rose 1.2 percent after it agreed to divest stakes in U.S. shale assets to Sixth Street for $1.5 billion.

Renault rallied 2.5 percent. The French automaker said it would sell a 26.4 percent stake in its Brazilian business, Renault do Brasil, to Chinese automaker Geely Automobile.

Ryanair Holdings fell nearly 2 percent. After reporting a 42 percent increase in first-half profit, the airline has warned of fare pressures and external risks.

read more
European Stocks Close Higher As Investors Asses Economic Data, Recent Earnings

European Stocks Close Higher As Investors Asses Economic Data, Recent Earnings

European markets closed mostly higher on Monday, led by gains in the banking and automobile sectors. Investors assessed U.S.-China trade discussions, recent earnings updates, and digested the latest batch of regional economic data, in addition to awaiting the Bank of England's monetary policy announcement due this week.
RTTNews | 1h 29min ago
U.S. Manufacturing Index Unexpectedly Edges Lower In October

U.S. Manufacturing Index Unexpectedly Edges Lower In October

Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of October, according to a report released by the Institute for Supply Management on Monday. The ISM said its manufacturing PMI slipped to 48.7 in October after edging up to 49.1 in September, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 49.5.
RTTNews | 3h 44min ago
Bay Street Likely To Open On Positive Note

Bay Street Likely To Open On Positive Note

Canadian shares are likely to open higher Monday morning, with firm metal prices expected to trigger buying in the materials sector. The focus will be on the developments on the trade front and corporate earnings announcements.
RTTNews | 5h 45min ago
UK Manufacturing PMI At 1-Year High

UK Manufacturing PMI At 1-Year High

The UK manufacturing activity shrank in October but the pace of contraction was the slowest in a year, the final purchasing managers' survey from S&P Global revealed on Monday. The factory Purchasing Managers' Index rose to a 12-month high of 49.7 in October from 46.2 in September. The flash reading was 49.6.
RTTNews | 6h 18min ago
Eurozone Manufacturing Sector Stagnates In October

Eurozone Manufacturing Sector Stagnates In October

Eurozone manufacturing sector stagnated in October, as initially estimated, following a fractional deterioration in September, the purchasing managers' survey compiled by S&P Global showed on Monday. The final Purchasing Managers' Index posted 50.0 in October, signalling no change in the operating conditions in the manufacturing sector. The score matched the initial estimate and remained above S
RTTNews | 6h 50min ago
FTSE 100 Up Marginally In Cautious Trade

FTSE 100 Up Marginally In Cautious Trade

U.K.'s stock market's FTSE 100 is gaining some ground in positive territory on Monday, with stocks from the banking sector attracting attention ahead of the Bank of England's monetary policy announcement this week.
RTTNews | 7h 8min ago
Fed's Hawkish Guidance Lifts Dollar

Fed's Hawkish Guidance Lifts Dollar

A drastic reduction in Fed rate cut hopes in the aftermath of the hawkish forward guidance by Chair Jerome Powell boosted the U.S. Dollar during the week ended October 31.
RTTNews | 7h 19min ago