European Shares Edge Higher As Draghi Speaks

RTTNews | 1125 dni temu
European Shares Edge Higher As Draghi Speaks

(RTTNews) - European stocks were seeing modest gains on Wednesday as worries about gas supplies eased and U.S. streaming giant Netflix posted better than expected results for the June quarter.

Italian Prime Minister Mario Draghi said in a speech to the Senate that he was willing to put together a new coalition.

The European Central Bank is seen raising interest rates for the first time in 11 years at Thursday's meeting of the governing council. In economic releases, Germany's producer price inflation eased unexpectedly in June from a record high in May, while U.K. consumer inflation hit a new 40-year high in June on rising motor fuel and food prices, separate reports showed.

The pan European Stoxx 600 was up 0.3 percent at 424.74 after rallying 1.4 percent in the previous session.

The German DAX, Franc's CAC 40 index and the U.K.'s FTSE 100 rose between 0.2 percent and 0.3 percent.

Commodity-related stocks climbed as recession worries ebbed. Miners Anglo American and Glencore rallied 1-2 percent, while oil & gas firm BP Plc advanced 1.7 percent and Shell added 1 percent.

Advertising firm WPP jumped 2.4 percent after U.S. rival Omnicom Group reported second-quarter earnings that beat analysts' forecasts.

Postal service and courier company Royal Mail tumbled 4.7 percent after its fiscal first-quarter group revenue fell 11.5 percent year-on-year.

Morses Club shares plunged 43 percent after the subprime lender said it was looking at a potential program to settle customer redress claims.

Uniper shares jumped 19 percent. The company is nearing a bailout deal that may see the German government inject billions of euros and take a direct stake in the energy giant, the Bloomberg said, citing people familiar with the matter.

ASML Holding N.V. shares were moving lower after the Dutch semiconductor equipment maker trimmed its revenue growth forecast for fiscal 2022.

read more
TSX Down Marginally In Lackluster Trade

TSX Down Marginally In Lackluster Trade

Canadian stocks are turning in a lackluster performance on Monday as investors closely focusing on the meeting between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskyy at the White House.
RTTNews | 2g 46 minut temu
Swiss Market Settles Flat

Swiss Market Settles Flat

After a flat start, the Switzerland market turned weak Monday morning and then spent the rest of the day's trading session in negative territory as investors remained reluctant to pick up stocks as they looked ahead to a meeting between U.S. President Donald Trump and several European leaders to discuss the situation in Ukraine.
RTTNews | 3g 12 minut temu
European Markets Close On Mixed Note After Cautious Session

European Markets Close On Mixed Note After Cautious Session

European stocks turned in a mixed performance on Monday as investors largely stayed cautious, looking ahead to the meeting between U.S. President Donald Trump and several European leaders, including Ukrainian President Volodymyr Zelenskyy after the Trump-Putin Summit failed to result in any breakthrough to end the war in Ukraine.
RTTNews | 3g 30 minut temu
Dollar Extends Losses As Markets Cling On To Fed Cut Hopes

Dollar Extends Losses As Markets Cling On To Fed Cut Hopes

The Dollar extended losses during the week ended August 15 amidst strong Fed rate cut expectations, benign consumer price growth, easing geopolitical concerns as well as fading concerns about trade tariff uncertainty.
RTTNews | 6g 13 minut temu
U.S. Homebuilder Confidence Edges Slightly Lower In August

U.S. Homebuilder Confidence Edges Slightly Lower In August

The National Association of Home Builders released a report on Monday showing a modest deterioration by U.S. homebuilder confidence in the month of August. The report said the NAHB/Wells Fargo Housing Market Index edged down to 32 in August after inching up to 33 in July. Economists had expected the index to come in unchanged.
RTTNews | 6g 24 minut temu
Indian Rupee Rises To 2-week High On GST Reforms Push

Indian Rupee Rises To 2-week High On GST Reforms Push

The Indian rupee strengthened against the U.S. dollar in the European session on Monday, after Prime Minister Narendra Modi unveiled plans of the biggest tax overhaul since 2017 over the weekend, boosting stocks across sectors like auto, financial, real estate, consumer and cement.
RTTNews | 8g 10 minut temu
Canadian Market May Open Slightly Weak

Canadian Market May Open Slightly Weak

Lower Canadian and U.S. futures and weak European markets point to a slightly negative start on Bay Street Monday morning. Firm commodity prices might help limit market's downside. The focus will be on the meeting between U.S. President Donald Trump and several European leaders, including Ukrainian President Volodymyr Zelenskiy later in the day.
RTTNews | 8g 45 minut temu
FTSE 100 Slips After Positive Start, Down Marginally

FTSE 100 Slips After Positive Start, Down Marginally

After a modest upmove in early trades, the U.K. market retreated on Monday with investors turning cautious, focusing on the upcoming meeting between U.S. President Donald Trump and several European leaders, after the Trump-Putin summit failed to result in any breakthrough to end the war in Ukraine.
RTTNews | 9g 25 minut temu