European Shares Mostly Higher In Cautious Trade

RTTNews | 997 dni temu

(RTTNews) - European stocks rose on Monday, even as a cautious undertone prevailed ahead of mid-term elections in the United States and the latest U.S. consumer inflation report due this week.

China reopening hopes faded after the country reiterated its commitment to maintaining strict COVID-related curbs.

The pan European STOXX 600 rose half a percent to 419.11 despite weak trade data from China.

The German DAX climbed 0.9 percent and France's CAC 40 index added 0.3 percent, while the U.K.'s FTSE 100 was little changed with a negative bias.

Swedish Match gained about 1 percent after Philip Morris International said it was going ahead with its $16 billion plan to buy the Swedish firm.

Ryanair Holdings jumped 3.5 percent after the budget carrier raised its expectations for full-year passenger traffic.

PayPoint slumped 4.7 percent in London after it agreed to buy gifting and engagement firm Appreciate Group for 83 million pounds ($94.4 million) in shares and cash.

GSK fell 2.6 percent. The drug maker said a late-stage study of its blood cancer drug Blenrep failed to meet its main goal.

Q. beyond shares surged 4.2 percent. After posting a consolidated net loss of 2.8 million euros for the third quarter, the cloud and ICT provider said it expects a strong fourth quarter.

Alongside growth in the organic business, revenues will also benefit for the first time from the majority stake recently acquired in productive-data, the company said.

In economic releases, German industrial production grew 0.6 percent month-on-month in September, reversing a revised 1.2 percent fall in August, Destatits reported.

This was also faster than economists' forecast of +0.2 percent. On a yearly basis, industrial output grew 2.6 percent.

U.K. house prices were down 0.4 percent in October from September, when prices slid 0.1 percent, data published by the Llyods Bank subsidiary Halifax showed. This was the second consecutive fall and the sharpest since February 2021. The rate came in line with expectations.

Swiss Market Ends Moderately Lower

Despite a decent spell in positive territory till about an hour before noon, the Switzerland market turned weak and kept drifting lower as the session progressed on Thursday to eventually settle with a moderate loss.

RTTNews | 1g 15 minut temu

European Stocks Close Mostly Weak As Investors React To Earnings

European markets closed mostly lower on Thursday as investors reacted to a slew of earnings announcements and digested the latest batch of economic data from the region, and also followed the developments on the trade front.

RTTNews | 1g 45 minut temu

U.S. Consumer Price Growth Matches Estimates In June

A closely watched report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent in June after inching up by an upwardly revised 0.2 percent in May.

RTTNews | 4g 33 minut temu

German Unemployment Rises In July

Germany's unemployment increased less than expected in July but the overall number of people out of work remained close to the 3 million mark due to the prolonged period of economic slowdown, official data revealed on Thursday. The number of unemployed rose by less-than-expected 2,000 from June, the Federal Employment Agency said. For July, economists had forecast an increase of 15,000.

RTTNews | 5g 16 minut temu

U.S. Jobless Claims Inch Up Less Than Expected To 218,000

First-time claims for U.S. unemployment benefits edged slightly higher in the week ended July 26th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims crept up to 218,000, an increase of 1,000 from the previous week's unrevised level of 217,000. Economists had expected jobless claims to rise to 224,000.

RTTNews | 5g 24 minut temu