European Shares Decline As Italy's Draghi Resigns

RTTNews | 1055 дней спустя
European Shares Decline As Italy's Draghi Resigns

(RTTNews) - European stocks fell on Thursday and Italian bonds sold off sharply after Italian Prime Minister Mario Draghi offered his resignation to the president, in a move that will raise the prospect of snap elections as soon as early October.

Meanwhile, Russia resumed natural gas supplies to Germany, helping to ease worries about fallout on the economy.

The euro wilted as investors braced for the interest-rate decision from the European Central bank.

The central bank is set to raise interest rates for the first time in 11 years and provide guidance on the proposed anti-fragmentation tool.

The pan European Stoxx 600 slipped 0.2 percent to 421.63 after closing 0.2 percent lower on Wednesday.

The German DAX fell 0.7 percent, France's CAC 40 eased 0.1 percent and the U.K.'s FTSE 100 was down 0.4 percent.

Swedish home appliance manufacturer Electrolux plunged nearly 8 percent after its second-quarter profit missed expectations.

Finnish telecom equipment maker Nokia surged 6.5 percent after reporting better-than-expected earnings for the second quarter and backing its FY22 outlook.

British online trading platform IG Group soared 4 percent on share buyback news.

Online grocer Ocado slumped 4 percent after reporting a wider loss in its first-half.

Drinks maker Britvic gained 1 percent after reporting a jump in revenues across its markets.

Marks & Spencer lost 1.8 percent. The retailer said its finance and strategy chief Eoin Tonge would leave the company to take up a role at Associated British Foods.

Getlink shares rose 1 percent in Paris. The railway company reported first-half consolidated net result of 52 million euros, compared to last year's restated loss of 124 million euros.

Sartorius Stedim Biotech jumped 6 percent. The company confirmed its FY22 outlook after reporting a 77 percent surge in first-half profit.

Thales dropped 1.8 percent. The defense and technology group announced that its aerospace unit will take a €70 million hit in 2022 due to loss of Russian business.

SAP tumbled 4 percent after the German business software company lowered its 2022 profit outlook.

Sartorius soared 6 percent. The pharmaceutical and laboratory equipment supplier confirmed its 2022 outlook after reporting encouraging first-half results.

read more
TSX Up Marginally; Energy Stocks Rise

TSX Up Marginally; Energy Stocks Rise

After a flat start and a subsequent climb up north, the Canadian market retreated Tuesday morning, and at a little past noon, was up marginally, led by gains in energy, consumer and communications sectors. Investors are cautiously optimistic about some positive progress in U.S.-China trade relations.
RTTNews | 54 минут назад
U.S. Stocks Mostly Subdued In Lackluster Trade

U.S. Stocks Mostly Subdued In Lackluster Trade

U.S. stocks are turning in a mixed performance in lackluster trade on Tuesday as traders await the outcome of the ongoing trade talks between China and the U.S. in London. Trade negotiations between the world's two largest economies commenced on Monday, and no big breakthrough seems to have been arrived as yet.
RTTNews | 1ч 30мин назад
Eurozone Investor Confidence Strongest In A Year: Sentix

Eurozone Investor Confidence Strongest In A Year: Sentix

Euro area investor morale rose to the highest level in a year in June, driven by the economic recovery in Germany, survey data from the behavioral research institute Sentix showed Tuesday. The investor sentiment index rose to +0.2 in June from -8.1 in May. This was the highest reading since June 2024 and remained well above economists' forecast of -6.0.
RTTNews | 4ч 25мин назад
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Tuesday morning with investors looking for directional clues as they await the outcome of the U.S.-China trade negotiations.
RTTNews | 5ч 17мин назад
FTSE 100 Advances; Persimmon, Marks & Spencer Among Top Gainers

FTSE 100 Advances; Persimmon, Marks & Spencer Among Top Gainers

Despite data showing an increase in the nation's unemployment rate, U.K. stocks are up in positive territory a little past noon on Tuesday on selective buying amid some optimism over the ongoing U.S.-China trade talks in London.
RTTNews | 5ч 51мин назад
CAC 40 Down Marginally In Cautious Trade

CAC 40 Down Marginally In Cautious Trade

French stocks are largely subdued on Tuesday as investors refrain from making significant moves while awaiting the outcome of the ongoing trade talks between U.S. and Chinese officials in London.
RTTNews | 6ч 36мин назад
Sensex, Nifty End Choppy Session Narrowly Mixed

Sensex, Nifty End Choppy Session Narrowly Mixed

Indian shares fluctuated before ending little changed on Tuesday as investors waited for more details to emerge from the second day of ongoing U.S.-China trade negotiations in London.
RTTNews | 7ч 19мин назад