European Shares Rise As Debt Default Worries Ease

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(RTTNews) - European stocks climbed on Thursday as investors cheered signs of progress on the U.S. debt ceiling deal, solid manufacturing data from China and dovish comments from Federal Reserve officials hinting at a pause in interest-rate hikes.

Closer home, Eurozone inflation eased sharply to a 15-month low of 6.1 percent in May largely due to a fall in energy prices, flash data from Eurostat showed.

The euro area manufacturing purchasing managers' index (PMI) was slightly revised upwards to 44.8 in May, while German retail sales rose 0.8 percent month-on-month in April, partially reversing a 2.4 percent decline in the previous month.

The pan European STOXX 600 was up 0.8 percent at 455.33 after declining 1.1 percent on Wednesday.

The German DAX rallied 1.1 percent, France's CAC 40 rose 0.8 percent and the U.K.'s FTSE 100 was up half a percent.

Equipment manufacturer FLSmidth jumped 3 percent after it acquired the American company Morse Rubber.

Lonza rose 1.3 percent after it acquired Synaffix, a Dutch biotech company focused on the development of antibody drug conjugates.

Miners Anglo American and Antofagasta both rallied around 2 percent as concerns about China's economic recovery eased.

British bootmaker Dr Martens plunged 10 percent after a warning that its profit margins will fall this year.

BAE Systems gained about 1 percent. The provider of defense, aerospace, and security solutions announced has entered into an arrangement with Morgan Stanley & Co. International plc to initiate the share repurchase of 500 million pounds worth of shares in the third tranche.

Safran gained 1.3 percent in Paris. The aerospace and defense company said that it has entered into exclusive discussions with Air Liquide SA to buy its aeronautical oxygen and nitrogen activities, excluding the cryogenic activities related to marine applications.

Spirits group Remy Cointreau edged down half a percent after it warned of a continued slowdown of consumption growth in the U.S.

FDA, CDC Probe Salmonella Outbreak As Around 1.70 Mln Dozen Brown Eggs Recalled

The U.S. Food and Drug Administration and the Centers for Disease Control and Prevention or CDC are investigating a Salmonella Enteritidis outbreak linked to brown eggs that sickened nearly 79 across 7 states. Associated with the ongoing probe, August Egg Co. recalled around 1.70 million dozen brown cage-free and brown certified organic eggs sold through Walmart and other retail locations.

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Bay Street May Open Slightly Higher

Canadian shares may open slightly higher on Monday amid optimism about some positive progress in U.S.-China trade talks. Energy stocks are likely to find some support on higher crude oil prices.. The U.S.-China discussions will aim to resolve some major trade disputes between the two major economies.

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FTSE 100 Down Marginally At Noon

The U.K. market is down marginally at noon on Monday with investors mostly making cautious moves amid a lack of triggers. The focus is on trade talks between the U.S. and Chinese officials in London. Weak Chinese exports data weighs on sentiment.

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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.

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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.

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Sensex, Nifty End Modestly Higher; Banks And Financials Surge

Indian shares eked out modest gains 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.

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Church & Dwight Recalls All Lots Of Zicam Nasal, Orajel Teething Swabs

Church & Dwight Co., Inc. has called back all lots of Zicam nasal swabs and Orajel baby teething swabs citing potential microbial contamination, according to the U.S. Food and Drug Administration. Cold remedy nasal swabs are a zinc-free, homeopathic cold remedy swab designed to shorten the duration of the common cold

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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.

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EURUSD	1.14061	GBPUSD	1.35438	AUDUSD	0.65198
USDJPY	144.598	USDCAD	1.36825	USDCHF	0.82155

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European Shares Rise As Debt Default Worries Ease