Major European Markets Close Higher

RTTNews | 1051 days ago
Major European Markets Close Higher

(RTTNews) - The major European markets closed higher on Wednesday even as the mood remained cautious after comments from Minneapolis Fed President Neel Kashkari reiterated the U.S. central bank's commitment to bringing inflation under control through tighter monetary policy.

Investors also looked ahead to the speech from Fed Chair Jerome Powell at the central bank's annual economic symposium in Jackson Hole, Wyoming, on Friday, and the minutes of the ECB's last policy meeting.

The pan European Stoxx 600 edged up 0.16%. Germany's DAX advanced 0.2% and France's CAC 40 climbed 0.39%, while the U.K.'s FTSE 100 drifted down 0.22%. Switzerland's SMI gained 0.73%.

Other markets in Europe ended on a mixed note. Austria, Belgium, Denmark, Ireland, Netherlands and Norway ended higher.

Czech Republic, Iceland, Poland, Portugal, Russia, Spain and Turkiye closed weak, while Finland, Greece and Sweden ended flat.

In Germany, Sartorius, Puma, Qiagen, Adidas, Siemens, Siemens Healthineers, Symrise, Deutsche Boerse, RWE and Merck gained 1 to 3%.

HeidelbergCement and E.ON both shed more than 2.5%. Fresenius, Fresenius Medical Care, Daimler and HelloFresh lost 1 to 1.7%.

In Paris, Hermes International, Dassault Systemes, L'Oreal and Essilor gained 1.7 to 2.3%. Faurecia, Pernod Ricard, Schneider Electric and Danone also ended notably higher.

Unibail Rodamco, ArcelorMittal, Orange and Veolia closed weak.

In the UK market, Aveva Group soared nearly 27% In the UK market, Aveva Group soared nearly 27% after French industrial conglomerate Schneider said it is considering buying out minority shareholders in Aveva.

Carnival gained about 4%. Bunzl, Melrose Industries, Scottish Mortgage, Spirax-Sarco Engineering, Coca-Cola, Informa and IAG gained 1.4 to 3%.

Polymetal International, Centrica, Prudential, Land Securities, Sainsbury J, Tesco, Persimmon, Rio Tinto and BT Group ended lower by 2 to 3%.

read more
Yen Retreats Amid US-Japan Trade Uncertainty

Yen Retreats Amid US-Japan Trade Uncertainty

The Japanese yen retreated from early highs against other major currencies in the European session on Friday, amid concerns on US-Japan relations in light of Trump's placement of a 25 percent tariff on Japanese exports this week, which will go into force on August 1.
RTTNews | 17 minutes ago
UK Economy Contracts For Second Straight Month

UK Economy Contracts For Second Straight Month

The UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in meeting her self-imposed borrowing rules. Gross domestic product fell unexpectedly by 0.1 percent in May, following a 0.3 percent drop in April, data from the Office for National Statistics revealed on Friday.
RTTNews | 48 minutes ago
CAC 40 Down More Than 1% As Trade War Concerns Hurt Sentiment

CAC 40 Down More Than 1% As Trade War Concerns Hurt Sentiment

French stocks are notably lower on Friday, weighed down by losses in automobile and luxury sectors. The mood in the market is a bit bearish, in line with other major markets in Europe, amid renewed worries about tariffs.
RTTNews | 55 minutes ago
Walmart Recalls 850K Ozark Trail Water Bottles

Walmart Recalls 850K Ozark Trail Water Bottles

Retain giant Walmart Inc. is recalling about 850,000 Ozark Trail 64 oz Stainless Steel Insulated Water Bottles as the lid can suddenly pop off with force, causing injury, according to the U.S. Consumer Product Safety Commission. The recall includes Water Bottles sold under model number 83-662. These silver stainless-steel bottles feature a black one-piece screw-on lid.
RTTNews | 1h 30min ago
European Shares Decline As Tariff Worries Return To Haunt

European Shares Decline As Tariff Worries Return To Haunt

European stocks fell on Friday after U.S. President Donald Trump announced a 35 percent tariff on Canadian imports, starting Aug. 1, in a dramatic escalation of a trade war with the United States' closest ally over the country's alleged role in fentanyl flows.
RTTNews | 2h 37min ago