European Shares Mixed Ahead Of Walmart Earnings

RTTNews | 643 dagar sedan

(RTTNews) - European stocks traded mixed on Thursday as U.S. Treasury yields rebounded after hitting two-month lows overnight on signs of slowing inflation in the world's largest economy.

Investors also awaited earnings from retail giant Walmart before the U.S. opening bell after other retail companies cited pressure on discretionary spending this earnings season.

The pan European STOXX 600 was down 0.1 percent at 453.91 after rising 0.4 percent on Wednesday.

The German DAX rose half a percent, while France's CAC 40 slipped 0.2 percent and the U.K.'s FTSE 100 was down 0.4 percent.

Swedish games developer Embracer Group jumped 13 percent after delivering better-than-expected quarterly earnings and confirming its annual forecast.

City Pub Group shares soared 33 percent in London after the company agreed to be acquired by Young & Co.'s Brewery, Plc (YNGA.L), a British managed operator of premium pubs and bedrooms.

Oil & gas stocks fell, with BP Plc and Shell falling 1-2 percent as Brent crude futures fell below $81 a barrel on signs of higher U.S. supply.

Luxury fashion brand Burberry plummeted 8.2 percent after a warning that it might not meet its full-year revenue growth target for fiscal 2024.

Halma, a life-saving technology company, jumped more than 5 percent after posting record first-half results.

Insurer Aviva rose more than 1 percent after confirming full-year targets.

Publicis Groupe fell 1.6 percent. The French advertising and public relations firm said it named Loris Nold, current CEO of its EMEA operations as global Chief Financial Officer from February 2024.

Vallourec advanced 5.2 percent. The manufacturer of premium tubular solutions lifted its FY23 EBITDA outlook after reporting slightly higher net income in the third quarter.

China-related LVMH and Kering fell over 1 percent each after data showed that China home prices fell the most in eight years in October due to weak demand.

Hellofresh shares plunged more than 20 percent. The German meal kit delivery company lowered its adjusted earnings expectations for the year and narrowed its revenue growth outlook.

Industrial conglomerate Siemens jumped 6 percent after posting fourth-quarter profit ahead of expectations.

Fed Minutes Reveal Details Behind Split Interest Rate Decision

The minutes of the Federal Reserve's latest monetary policy meeting revealed most officials still see the upside risk to inflation as the bigger threat to the economic outlook, although a couple were more worried about the downside risk to employment.

RTTNews | 1h 58minuter sedan

TSX Modestly Higher As Materials, Energy Stocks Gain

The Canadian market is modestly higher Wednesday afternoon, lifted by strong gains in materials and energy sectors. The mood remains a bit cautious ahead of the Federal Bank's symposium in Jackson Hole, Wyoming, where several central bank chiefs including Fed Chair Jerome Powell are set to make speeches.

RTTNews | 2h 13minuter sedan

Swiss Market Ends On Firm Note

After a weak start and a subsequent drop to lower levels, the Switzerland market recovered and stayed subdued till around mid morning on Wednesday, but kept edging higher as the day progressed to eventually ended the session on a firm note. Optimism about a potential peace deal between Russia and Ukraine supported the market.

RTTNews | 2h 40minuter sedan

European Stocks Closed On Mixed Note

European stocks turned in a mixed performance on Wednesday after another cautious session, as investors looked ahead to the Federal Reserve's Jackson Hole Symposium that gets underway on Thursday, and continued to focus on the developments on the trade and geopolitical front.

RTTNews | 2h 55minuter sedan

Target Q2 Down, Yet Beats Street, Backs FY25 View, Names Michael Fiddelke CEO; Shares Hit

Shares of Target Corp. were losing around 11 percent in the pre-market activity on the NYSE, after the retail major reported Wednesday lower profit and comparable sales in its second quarter. However, earnings per share and top line beat market estimates, and the firm maintained its fiscal 2025 outlook. Separately, Target announced the appointment of Michael Fiddelke, chief operating officer,

RTTNews | 7h 26minuter sedan

Indonesia Unexpectedly Cuts Interest Rate

Indonesia's central bank eased its monetary policy unexpectedly on Wednesday in order to bolster economic growth amid inflation remaining well within the target range. The Bank Indonesia board, led by Governor Perry Warjiyo, decided to cut the BI rate by 25 basis points to 5.0 percent.

RTTNews | 7h 52minuter sedan

Bay Street Likely To Open On Subdued Note

Canadian shares look headed for a somewhat subdued start on Wednesday as investors, looking for further progress in geopolitical and trade talks, are likely to remain largely cautious with their moves. Energy and gold stocks may attract buyers thanks to higher oil and bullion prices.

RTTNews | 8h 13minuter sedan

FTSE 100 Recovers From Early Weakness, Up Nearly 0.3%

After opening slightly down and drifting further lower subsequently, the U.K. market has regained lost ground and is up in positive territory around noon on Wednesday.

RTTNews | 9h 21minuter sedan

EURUSD	1.16489	GBPUSD	1.34519	AUDUSD	0.64311
USDJPY	147.438	USDCAD	1.38793	USDCHF	0.80417