European Shares May Drift Lower As Big Tech Earnings Disappoint

RTTNews | Pred 833 dňami

(RTTNews) - European markets may open lower on Friday, with technology stocks likely to come under selling pressure, after Apple, Amazon and Google-parent Alphabet all reported earnings that disappointed Wall Street.

Apple reported its worst holiday performance in four years, Amazon reported its least profitable holiday quarter since 2014 and Alphabet posted fourth-quarter revenue that fell below analysts' estimates.

Asian stocks traded mixed, with Chinese and Hong Kong markets falling sharply as investors awaited U.S. jobs and service sector activity data later in the day for any clues into the health of the world's largest economy.

Economists expect U.S. employment to increase by 185,000 jobs in January after an increase of 223,000 jobs in December. The jobless rate is expected to inch up to 3.6 percent from 3.5 percent.

The dollar rose broadly on easing global inflationary pressures while gold steadied after a steep sell-off in the previous session. Oil edged lower amid the dollar's recovery and uncertainty about the outlook for energy demand.

U.S. markets ended broadly higher overnight, as lower Treasury yields on the back of dovish comments from Fed Chair Powell and upbeat earnings from Facebook parent Meta Platforms boosted tech stocks.

In economic releases, a surprise decline in weekly jobless claims, increased productivity in the fourth quarter and higher unit labor costs raised cautious optimism that the economy could skirt a recession.

The tech-heavy Nasdaq composite soared 3.3 percent to reach a near five-month closing high and the S&P 500 jumped 1.5 percent while the Dow edged down 0.1 percent.

European stocks advanced on Thursday amid hopes that the global rate hiking cycle would end soon.

The pan European STOXX 600 jumped 1.4 percent as the ECB's comments didn't provide any new hawkish surprises and the Bank of England softened its stance on future tightening.

The German DAX rallied 2.2 percent, France's CAC 40 index gained 1.3 percent and the U.K.'s FTSE 100 added 0.8 percent.

European Stocks Close Week On Positive Note

European stocks closed higher on Friday thanks to easing trade tensions following the announcement of the U.S.-China deal earlier in the week, and reports that the EU bloc's talks with the U.S. for a reduction in tariffs are making positive progress.

RTTNews | Pred 21 minútami

Canadian Market Recovers After Weak Start; TSX Up Marginally

Canadian stocks are turning in a mixed performance a little past noon on Friday after recovering from an early setback. Investors appear to be making cautious moves after eight straight days of gains that saw the market climb to a new record high on Thursday.

RTTNews | Pred 1 h 8 min

U.S. Consumer Sentiment Unexpectedly Continues To Deteriorate In May

Consumer sentiment in the U.S. has unexpectedly continued to deteriorate in the month of May, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index dipped to 50.8 in May after slumping to 52.2 in April. Economists had expected the index to inch up to 53.4.

RTTNews | Pred 3 h 15 min

U.S. Import, Export Prices Unexpectedly Inch Higher In April

The Labor Department released a report on Friday unexpectedly showing modest increases by both U.S. import and export prices in the month of April. The report said import prices crept up by 0.1 percent in April after falling by a downwardly revised 0.4 percent in March.

RTTNews | Pred 3 h 18 min

U.S. Housing Starts Rebound Less Than Expected In April, Building Permits Pull Back Sharply

While the Commerce Department released a report on Friday showing a rebound by new residential construction in the U.S. in the month of April, the report also showed a substantial pullback by building permits during the month.

RTTNews | Pred 3 h 21 min

Eurozone Trade Surplus Surges On Exports To US

The euro area trade surplus grew strongly in March as exports to the U.S increased sharply ahead of the expected increase in trade tariffs. The trade balance showed a surplus of EUR 36.8 billion compared to a EUR 22.8 billion surplus in the same period last year, Eurostat reported Friday.

RTTNews | Pred 4 h 7 min

Richemont Shares Gain On Higher FY25 Results, Dividend Hike

Shares of Richemont SA were gaining around 6 percent in the Swiss trading after the Cartier owner reported higher net profit and sales in its fiscal 2025 on strong Jewellery performance. Meanwhile, earnings from continuing operations was lower than last year amid weak China results. Further, the luxury goods firm declared higher dividend.

RTTNews | Pred 4 h 14 min

U.S. Import, Export Prices Unexpectedly Inch Up 0.1% In April

The Labor Department released a report on Friday unexpectedly showing modest increases by U.S. import and export prices in the month of April.

RTTNews | Pred 4 h 54 min

EURUSD	1.11431	GBPUSD	1.32707	AUDUSD	0.63996
USDJPY	145.95	USDCAD	1.39877	USDCHF	0.83916

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European Shares May Drift Lower As Big Tech Earnings Disappoint