European Shares Edge Lower On US Debt Concerns

RTTNews | 77 dias atrás
European Shares Edge Lower On US Debt Concerns

(RTTNews) - European stocks traded lower on Monday as investors reacted to Moody's downgrade of U.S. credit rating and mixed economic data from China.

The British pound rallied after the U.K. reached an agreement with the European Union to reset relations.

"There is an agreement ... on the different texts and parallel aspects of the EU-UK Summit," one EU diplomat reportedly said.

The pan European STOXX 600 dropped 0.6 percent to 545.82 after rising 0.4 percent on Friday.

The German DAX slipped 0.3 percent, while France's CAC 40 and the U.K.'s FTSE 100 both were down around 0.6 percent.

Budget carrier Ryanair jumped 4.4 percent after signaling robust demand for travel this summer.

Volkswagen plunged nearly 5 percent after shareholders renewed their criticism of the automaker's corporate governance at the carmaker's virtual annual general meeting on Friday.

Dutch tech investor Prosus fell more than 1 percent as it launched its cash offer to acquire delivery giant Just Eat Takeaway.

Diageo advanced 1.5 percent as the world's leading spirits company unveiled a $500 million savings plan.

read more
BoJ Minutes On Tap For Tuesday

BoJ Minutes On Tap For Tuesday

The Bank of Japan will on Tuesday release the minutes from its June 16-17 monetary policy meeting, highlighting a modest day for Asia-Pacific economic activity.
RTTNews | 45 minutos atrás
Swiss Market Ends Marginally Down

Swiss Market Ends Marginally Down

After an early sharp drop, the Switzerland market recovered some lost ground Monday morning, but stayed in negative territory right through the day's trading session, as investors largely stayed cautious, waiting for directional clues.
RTTNews | 4 h 31 min atrás
U.S. Factory Orders Pull Back Sharply In June

U.S. Factory Orders Pull Back Sharply In June

After reporting a substantial increase by new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Monday showing factory orders pulled back sharply in the month of June. The Commerce Department said factory orders dove by 4.8 percent in June after soaring by an upwardly revised 8.3 percent in May.
RTTNews | 8 h 26 min atrás
Weak Jobs Data Limits Dollar's Rebound

Weak Jobs Data Limits Dollar's Rebound

A smaller-than expected addition to non-farm payrolls curtailed the dollar's rally fueled by a hawkish Fed stance, higher-than-expected PCE-inflation readings, as well as anxiety ahead of the U.S.-China trade talks and the looming trade tariff deadline.
RTTNews | 8 h 28 min atrás
Eurozone Investor Sentiment Weakens Unexpectedly

Eurozone Investor Sentiment Weakens Unexpectedly

Euro area investor confidence deteriorated unexpectedly in August as the newly reached trade deal with the U.S. deepened concerns about the current economic situation as well as the outlook, data from the behavioral research institute Sentix showed on Monday. The Sentix investor sentiment index fell steeply to -3.7 in August from 4.5 in July. The measure was expected to climb to 6.2.
RTTNews | 9 h 47 min atrás
Bay Street Seen Opening On Cautious Note

Bay Street Seen Opening On Cautious Note

Canadian stocks may open on a mixed note on Monday with investors likely to stay cautious ahead of implementation of levies imposed by U.S. President Donald Trump, and a slew of earnings announcements due this week. Weak oil prices may weigh a bit.
RTTNews | 9 h 54 min atrás