European Shares Edge Higher In Cautious Trade

RTTNews | 157 dias atrás
European Shares Edge Higher In Cautious Trade

(RTTNews) - European stocks traded higher on Tuesday as a survey showed German business morale rose in line with forecasts in March after a successful vote on an historic change to the country's debt borrowing rules.

Regional gains, however, remained capped due to uncertainty over the scope and breadth of U.S. President Donald Trump's trade tariffs.

The pan European STOXX 600 edged up by 0.3 percent to 550.63 after ending 0.1 percent lower on Monday.

The German DAX gained 0.2 percent, France's CAC 40 climbed 0.6 percent and the U.K.'s FTSE 100 was up half a percent.

TAG Immobilien shares tumbled 2.7 percent despite the German property firm ending 2024 on a strong financial footing.

BMW, Mercedes Benz and Volkswagen all rose about 1 percent as industry data showed Tesla's European sales slumped just over 40 percent in February, marking a second straight month dismal sales performance for the company run by Elon Musk.

Fuchs, a lubricant supplier, surged 4.6 percent after naming a new president for its North American operations.

British oil major Shell jumped nearly 2 percent after it announced plans to increase shareholder distributions, prioritize share buybacks and reduce spending.

Home improvement company Kingfisher plummeted more than 12 percent after reporting a fall in its annual profit.

Swiss logistics company Kuehne und Nagel fell 3 percent after issuing EBIT guidance for 2025 that fell short of estimates.

read more
German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | 4 h 49 min atrás
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | 7 h 39 min atrás
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 8 h 8 min atrás
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 11 h 11 min atrás
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 11 h 55 min atrás