European Shares Drift Lower In Cautious Trade

RTTNews | 948 dni temu

(RTTNews) - European stocks declined on Monday as caution set in ahead of a busy week of U.S. tech earnings and a slew of central bank meetings.

Official data showed earlier today that the German economy unexpectedly fell in the fourth quarter, creating uncertainty going into 2023.

GDP decreased 0.2 percent quarter on quarter in adjusted terms, the federal statistics office said.

The European Commission is set to issue euro area economic sentiment survey results later in the day. The economic confidence index is seen at 97.0, up from 95.8 in December.

The pan European STOXX 600 dropped half a percent to 453.10 after gaining 0.3 percent on Friday.

The German DAX and France's CAC 40 index both eased around 0.4 percent, while the U.K.'s FTSE 100 was down 0.2 percent.

Philips surged 5.8 percent. The Dutch health technology company said it would scrap another 6000 jobs worldwide after fresh losses caused by a massive recall of faulty sleep respirators.

Amsterdam-listed Prosus NV slumped 5.5 percent after announcing job cuts.

Renault Group shares declined nearly 3 percent. The automaker has agreed with Japanese automotive firm Nissan Motor for a new collaboration to boost their ties.

British IT services company Computacenter jumped 9 percent after an announcement that it sees 2022 results slightly ahead of guidance.

888 Holdings plunged 21 percent. The betting and gaming company announced the departure of Itai Pazner, its chief executive officer (CEO) and executive director.

The company also said it has suspended VIP activities in some of its .com markets pending the outcome of an internal compliance investigation.

Consumer goods giant Unilever rose about 1 percent after naming a new CEO.

Legal & General Group tumbled 2.2 percent. Its chief executive Nigel Wilson is set to retire after more than a decade in the top job.

Total Energies SE dropped 1.2 percent. The energy firm and its Italian partner Eni S.p.A. have completed the transfer of a 30 percent interest in exploration Blocks 4 and 9 off the coast of Lebanon to QatarEnergy.

DEUTZ AG soared more than 5 percent. The German internal combustion engine maker announced that it has inked two multi-million euros agreements with the commercial vehicle maker Daimler Truck Holdings AG to develop and market medium- and heavy-duty engines.

Japan Household Spending Data Due On Friday

Japan will on Friday release July figures for household spending, highlighting a modest day for Asia-Pacific economic activity. Spending is expected to rise 1.3 percent on month and 2.2 percent on year after sinking 5.2 percent on month and climbing 1.3 percent on year in June.

RTTNews | 26 minut temu

Swiss Franc Falls Against Majors

The Swiss franc dropped against its major counterparts in the New York session on Thursday.

RTTNews | 1g 43 minut temu

Canadian Market Looks Headed For Another Positive Close

The Canadian market is firmly placed in positive territory Thursday afternoon, thanks largely to a fine performance by several technology stocks, and a few frontline stocks from consumer discretionary, real estate, communications and financials sectors.

RTTNews | 4g 18 minut temu

Swiss Market Closes On Buoyant Note

The Switzerland market closed on a strong note on Thursday, in line with most of the markets across Europe, amid rising expectations of a rate cut by the Federal Reserve, and easing concerns about tariffs.

RTTNews | 4g 52 minut temu

European Stocks Close Higher Ahead Of Crucial U.S. Jobs Data

European stocks closed mostly higher on Thursday, with most of the markets in the region gaining for a second straight day amid cooling bond markets. Still, the mood in the markets remained a bit cautious with investors looking ahead to crucial U.S. non-farm payroll data on Friday.

RTTNews | 5g 28 minut temu

U.S. Services Index Climbs To Six-Month High In August

Service sector growth in the U.S. accelerated by more than anticipated in the month of August, according to a report released by the Institute for Supply Management on Thursday. The ISM said its services PMI rose to 52.0 in August from 50.1 in July, with a reading above 50 indicating growth. Economists had expected the index to inch up to 50.5.

RTTNews | 7g 55 minut temu

U.S. Labor Productivity Surges 3.3% In Q2, Much More Than Previously Estimated

A report released by the Labor Department on Thursday showed labor productivity in the U.S. surged by much more than previously estimated in the second quarter of 2025. The Labor Department said labor productivity shot up by 3.3 percent in the second quarter compared to the previously reported 2.4 percent jump. Economists had expected the increase in labor productivity to be unrevised.

RTTNews | 8g 13 minut temu

U.S. Trade Deficit Widens More Than Expected As Imports Spike

With the value of imports spiking, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened more than expected in the month of July. The Commerce Department said the trade deficit shot up to $78.3 billion in July from a revised $59.6 billion in June. Economists had expected the trade deficit to increase to $75.7 billion.

RTTNews | 8g 42 minut temu

EURUSD	1.16506	GBPUSD	1.3433	AUDUSD	0.6518
USDJPY	148.477	USDCAD	1.38189	USDCHF	0.80564