European Shares Inch Higher In Cautious Trade

RTTNews | 1004 dni temu

(RTTNews) - European stocks rose on Monday after China unveiled a sweeping rescue package to salvage its real estate market.

The upside, however, remained limited after a top Federal Reserve official warned against bets of the U.S. central bank turning too dovish.

The U.S. Federal Reserve may consider slowing the pace of rate increases at its next meeting but that should not be seen as a "softening" of its battle against inflation, Federal Reserve Gov. Christopher Waller said on Sunday.

The pan European STOXX 600 edged up 0.2 percent to 432.97 after finishing marginally higher on Friday.

The German DAX gained 0.3 percent, while France's CAC 40 index and the U.K.'s FTSE 100 both added around 0.4 percent.

The British pound eased ahead of the U.K. Chancellor's Autumn Statement on Thursday where he is expected to set out tax rises and spending cuts.

Swiss pharmaceutical company Roche tumbled 3.9 percent after its much-awaited drug for Alzheimer's disease failed two long-awaited trials.

Rheinmetall AG, a German automotive and arms maker, jumped 2.9 percent.

The company announced its agreement with Spain's MaxamCorp. Holding S.L. to acquire Expal Systems S.A, a Madrid-based ammunition maker.

Orange, a French telecom major, rose 1 percent. The company said that its cyber-security arm, Orange Cyberdefense, has acquired SCRT and Telsys, two Swiss sister firms with expertise in cyber-security and related services for an undisclosed amount.

Miners Antofagasta and Glencore rose 1-2 percent as London copper prices hovered near a five-month high on China demand hopes.

John Wood Group, an engineering and consulting firm, plunged 5 percent after saying it has reached a settlement agreement with Enterprise Products Operating LLC on legacy lawsuit.

Indivior gained nearly 1 percent after it inked a deal to acquire Opiant for $20 per share or around $145 million in cash.

Informa, a publishing, business intelligence, and exhibitions company, jumped 5.2 percent after raising its full-year earnings guidance.

Canadian Market Remains In Negative Territory After Weak Start

The Canadian market, which opened on a weak note Thursday morning, continues to languish in negative territory well past noon, weighed down by losses in technology and industrials sectors.

RTTNews | 2g 0 minut temu

Swiss Market Ends Modestly Higher After Mild Struggle

The Switzerland market recovered after a flat start on Thursday, and after staying positive till well past noon, suffered a setback but regained some strength to eventually end the day's session modestly higher.

RTTNews | 2g 24 minut temu

Major European Markets Close On Positive Note

Amid expectations of a rate cut from the Federal Reserve in September, and hopes the meeting between the Presidents of the U.S. and Russia will help end the war in Ukraine, the major European markets closed on a positive note on Thursday, although the U.K. market underperformed other major markets in the region.

RTTNews | 2g 40 minut temu

U.S. Producer Price Growth Far Exceeds Estimates In July

Producer prices in the U.S. increased by much more than expected in the month of July, the Labor Department revealed in a report released on Thursday. The Labor Department said its producer price index for final demand shot up by 0.9 percent in July after coming in unchanged in June. Economists had expected producer prices to rise by 0.2 percent.

RTTNews | 5g 8 minut temu

U.S. Weekly Jobless Claims Unexpectedly Dip To 224,000

The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 9th. The report said initial jobless claims dipped to 224,000, a decrease of 3,000 from the previous week's revised level of 227,000.

RTTNews | 5g 40 minut temu

UK GDP Rises More Than Expected

The UK economy expanded more than expected in the second quarter but the overall growth softened as US frontloading propelled growth at the start of the year. Gross domestic product expanded 0.3 percent in the second quarter largely driven by growth in the service sector, the Office for National Statistics reported Thursday. Although the rate was stronger than the expected growth of 0.1 pe

RTTNews | 6g 22 minut temu

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Thursday morning, reacting to data showing a bigger than expected increase in U.S. producer price index, and mixed batch of earnings data from Canada. Oil prices are up, while metals are exhibiting weakness.

RTTNews | 6g 53 minut temu

S&P Sees Limited Impact From U.S. Tariffs On Indian Economy, Raises Ratings

S&P Global Ratings upgraded India's sovereign ratings on Thursday citing a buoyant economic growth, enhanced monetary policy conditions and the government's fiscal consolidation commitment, while the higher tariffs from the U.S. administration is estimated to have only limited impact on the economy. India's sovereign credit ratings were raised to 'BBB' from 'BBB-', with a 'stable' outlook.

RTTNews | 6g 56 minut temu

EURUSD	1.16499	GBPUSD	1.3539	AUDUSD	0.64988
USDJPY	147.775	USDCAD	1.3806	USDCHF	0.80724