European Shares Gain Ahead Of UK Budget

RTTNews | 645 дней спустя

(RTTNews) - European stocks advanced on Wednesday despite the latest FOMC minutes offering no indication of possible rate cuts.

Hamas and Israel have agreed to a Qatar-mediated pause in fighting, helping ease Middle East tensions.

The deal includes the release of 150 Palestinian prisoners held in Israeli jails in exchange for 50 people held captive by Hamas in Gaza since the armed group that rules the enclave stormed southern Israel on October 7.

On a light day on the economic front, investors looked ahead to U.K. finance minister's budget update for direction.

Chancellor of the Exchequer Jeremy Hunt will deliver the 2023 Autumn Statement later today, outlining the government's fiscal plan for the year ahead. The announcement is due at around 7.30 am ET.

The pan European STOXX 600 was up half a percent at 458.26 after ending marginally lower on Tuesday.

The German DAX gained half a percent, France's CAC 40 climbed 0.6 percent and the U.K.'s FTSE 100 was up 0.1 percent.

British software firm Sage jumped 10 percent after reporting strong revenue growth in its full-year results and launching a share buyback.

Home improvement retailer Kingfisher slumped 7 percent after cutting its profit outlook for the second time in three months.

Retail company Casino Group fell about 1 percent after it warned of likely 2023 losses for its core French business.

Germany's Fresenius Medical Care added 1.6 percent after raising its annual earnings outlook.

Also, the world's leading provider of products and services for individuals with renal diseases has resolved a legal dispute with the U.S. government.

Thyssenkrupp jumped 7 percent. After reporting fiscal 2023 net loss of 2.0 billion euros, the industrial engineering and steel company said it sees profit and higher sales in RY24.

U.S. Pending Home Sales Fall More Than Expected In July

A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.

RTTNews | 1ч 40мин назад

Eurozone Economic Confidence Weakens In August

Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.

RTTNews | 1ч 50мин назад

Walgreen Co. Now Operating As Private Standalone Company Under Sycamore Partners

Independent retail pharmacy Walgreen Co. announced Thursday it is now operating as a private standalone company following the closure of the acquisition of Walgreens Boots Alliance, Inc. (WBA) by New York-based private equity firm Sycamore Partners.

RTTNews | 2ч 2мин назад

U.S. Economy Surges More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.

RTTNews | 2ч 13мин назад

U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd. The Labor Department said initial jobless claims dipped to 229,000, a decrease of 5,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to slip to 230,000.

RTTNews | 2ч 19мин назад

Switzerland Logs Weaker Growth, Trims 2026 Outlook

The Swiss economy expanded modestly in the second quarter, as estimated earlier, and higher U.S. tariffs are set to push down growth prospects, the State Secretariat for Economic Affairs said Thursday. Gross domestic product grew 0.1 percent from the first quarter, unchanged from the flash estimate. Growth softened notably from 0.7 percent in the first quarter.

RTTNews | 3ч 25мин назад

U.S. GDP Jumps More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday.

RTTNews | 3ч 32мин назад

U.S. Weekly Jobless Claims Edge Down To 229,000

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd.

RTTNews | 3ч 37мин назад

EURUSD	1.16785	GBPUSD	1.35202	AUDUSD	0.65323
USDJPY	146.929	USDCAD	1.3751	USDCHF	0.80119