European Shares Decline As Growth Worries Mount

RTTNews | Pred 676 dňami

(RTTNews) - European stocks fell on Thursday to touch three-week lows after Eurozone's Services PMI was finalized at a six-month low of 50.9 in July.

U.K. services growth cooled to a six-month low in July and German exports data disappointed, adding to concerns around slowing growth.

Investors also awaited the Bank of England monetary policy decision as well as earnings from Apple and Amazon later in the day.

The Bank of England's rate decision is likely to be a close call between a 25 basis-point and a 50 basis-point hike. The announcement is due at 7.00 am ET.

The central bank will also release its quarterly monetary policy report along with the policy decision.

The dollar hit a four-month high against major peers as signs of resilience in the U.S. labor market revived Fed rate hike bets.

The pan European STOXX 600 dropped 1 percent to 456.29 after losing 1.4 percent on Wednesday.

The German DAX shed 0.9 percent, France's CAC 40 fell more than 1 percent and the U.K.'s FTSE 100 was down 1.3 percent.

Miners led losses, with Anglo American, Antofagasta and Glencore all falling around 2 percent.

Energy giants BP Plc and Shell both were down around 1 percent as oil price fell further from more than three-month highs despite data showing a historic drop in U.S. crude inventories.

Rolls-Royce shares rose about 1 percent after the aero-engineer reported a jump in first-half profit, led by a large improvement in its civil aerospace margin.

Adecco, a global leader in HR solutions, jumped 6.4 percent after second quarter revenues slightly beat forecasts.

Societe Generale shares rallied 2.3 percent after the French lender returned to profit in the second quarter of this year and announced the launch of the 2022 share buyback program, for around 440 million euros.

Axa dropped 1.3 percent. The insurer reported that its first-half net income edged down to 3.833 billion euros from last year's 3.852 billion euros.

Infineon plunged 7.8 percent after the German chipmaker disclosed a 10 percent decline in its quarterly adjusted, or "segment," result compared to the previous quarter.

BMW lost 2.3 percent after the automaker warned of inflation and supply chain issues. Sportswear manufacturer Adidas edged up more than 1 percent after lifting its sales outlook.

CAC 40 Down Slightly In Lackluster Trade

French stocks are down slightly in lackluster trade on Monday with investors refraining from making significant moves as they await the high-level trade talks between U.S. and Chinese officials in London later in the day.

RTTNews | Pred 13 minútami

DAX Down Over 0.5% In Cautious Trade

German stocks are down in negative territory on Monday as investors make cautious moves while awaiting crucial talks between U.S. and Chinese officials in London later in the day. The discussions will aim to resolve some major trade disputes between the two major economies. Treasury Secretary Scott Bessent leads the U.S. delegation in the high-level trade talks.

RTTNews | Pred 34 minútami

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RTTNews | Pred 44 minútami

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RTTNews | Pred 1 h 12 min

European Shares Little Changed Before Sino-US Trade Talks

European stocks were subdued on Monday as top officials from the U.S. and China meet in London later in the day to resolve their differences and ease rare-earth mineral tensions.

RTTNews | Pred 1 h 52 min

Asian Shares Mostly Higher On Sino-US Trade Talk Optimism

Asian stocks rose broadly on Monday amid hopes that another round of U.S.-China trade talks that will take place in London later today could help ease trade tensions between the two superpowers.

RTTNews | Pred 2 h 14 min

Yen Rises After Japan GDP Data

The Japanese yen strengthened against other major currencies in the Asian session on Monday, after data showed that an upward revision to Japan's first quarter GDP supporting the interest rate hike expectations.

RTTNews | Pred 3 h 16 min

China Consumer Prices Fall For Fourth Month; Exports Rise

China's consumer prices declined for the fourth consecutive month and the decline in producer prices worsened in May, deepening deflation worries among policymakers as domestic demand remained weak despite taking enormous measures to boost consumption. Another report showed an increase in exports in May despite a sharp decline in shipments to the US due to trade tariff uncertainties.

RTTNews | Pred 3 h 48 min

EURUSD	1.14202	GBPUSD	1.35589	AUDUSD	0.65239
USDJPY	144.162	USDCAD	1.36774	USDCHF	0.8206

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European Shares Decline As Growth Worries Mount