European Stocks Close Higher After Cautious Session

RTTNews | 579 dagar sedan
European Stocks Close Higher After Cautious Session

(RTTNews) - European stocks closed higher on Monday with investors continuing to react to quarterly earnings updates, and looking ahead to inflation data from U.S. and Eurozone for further clarity on the outlook for interest rates.

Investors also looking ahead to the China-U.S. summit meeting to be held on the sidelines of the APEC meetings.

European Central Bank's President Luis De Guindos said the labor market is beginning to weaken and the central bank will be in a better position to reassess the inflation outlook in December.

The pan European Stoxx 600 gained 0.75%. The U.K.'s FTSE 100 climbed 0.89%, Germany's DAX jumped 0.73% and France's CAC surged 0.6%, while Switzerland's SMI ended 0.33% up.

Among other markets in Europe, Austria, Belgium, Denmark, Finland, Greece, Netherlands, Norway, Portugal, Russia, Spain and Sweden closed higher.

Iceland, Poland and Turkiye ended weak.

In the UK market, Phoenix Holdings rallied nearly 6% after the insurer lifted its full-year cash generation targets.

Easyjet, Just Eat Takeaway.com, Rolls-Royce Holdings, Melrose Industries, British American Tobacco, Rentokil Initial, Smith & Nephew, Auto Trader Group, Carnival Plc, Legal & General and Aviva gained 2 to 3.5%.

British Land Company shares gained more than 2% after the company posted solid first-half results.

Tullow Oil climbed 6.25% after the company said it has entered into a $400 million five-year notes facility agreement with Glencore Energy U.K. Limited.

Entain drifted down 3.7%. Informa, Experian, Johnson Matthey and Royal Mail ended with sharp to moderate losses.

In Germany, Siemens Energy climbed 5.6%. Fresenius Medical Care and Fresnius gained 3.75% and 3%, respectively.

Commerzbank ended nearly 3% up. Brenntag, Qiagen, Hannover Rueck, Siemnes, Volkswagen, Continental and Deutsche Bank also posted strong gains.

Puma ended nearly 3% down. Sartorius and Zalando closed lower by about 2% and 1.3%, respectively. E.ON and Adidas also ended notably lower.

In the French market, Alstom, Societe Generale, Thales, Stellantis, AXA, Airbus Group, Carrefour, TotalEnergies, Safran, Bouygues and ArcelorMittal gained 1 to 2.2%.

Danish pharmaceutical company Nordist rallied 2.5% after a trial showed its weight-loss drug Wegovy cut the risk of death by 18%. However, the stock failed to hold gains and ended the session just 0.3% up.

In economic news, UK house prices dropped in November reflecting a usual fall during this time of the year as sellers priced properties more competitively to attract buyers in the lead-up to Christmas, property website Rightmove said.

House prices fell 1.7% in November, in contrast to the 0.5% gain in October. Average asking prices totaled GBP 362,143 in November.

Although this year's November fall was the largest in five years, key indicators point to a year that so far has been better than many anticipated, Rightmove said. The year-on-year decline in house prices deepened to 1.3% from 0.8% in October.

read more
Canadian Dollar Higher Amid Rising Oil Prices

Canadian Dollar Higher Amid Rising Oil Prices

The Canadian dollar advanced against its most major counterparts in the New York session on Friday amid a spike in oil prices after Israel launched fresh wave of attacks on Iran.
RTTNews | 17h 13minuter sedan
Swiss Stock Market Heads South On Friday

Swiss Stock Market Heads South On Friday

The Swiss stock market turned lower again on Friday, one day after snapping the two-day slide in which it had given up more than 50 points or 0.4 percent.
RTTNews | 19h 11minuter sedan
U.S. Consumer Sentiment Improves Much More Than Expected In June

U.S. Consumer Sentiment Improves Much More Than Expected In June

Preliminary data released by the University of Michigan on Friday showed a substantial improvement by consumer sentiment in the U.S. in the month of June. The University of Michigan said its consumer sentiment index surged to 60.5 in June after holding at 52.2 in May. Economists had expected the index to rise to 53.5.
RTTNews | 22h 39minuter sedan
CPSC Recalls: 1.2 Mln Anker Power Banks, Hedge Trimmers, High Chairs, Mattresses, Pool Covers

CPSC Recalls: 1.2 Mln Anker Power Banks, Hedge Trimmers, High Chairs, Mattresses, Pool Covers

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including around 1.2 million Anker Power Banks, as well as hedge trimmers, high chairs, mattresses, pool covers and Skywalker Pro Via Ferrata Sets. China- based Anker Innovations Limited has called back about 1.16 million units of power banks citing fire and burn risks, and TTI Outdoor Power Equipment recalled...
RTTNews | 23h 2minuter sedan
FTSE 100 Falls Amidst Israel-Iran Conflict

FTSE 100 Falls Amidst Israel-Iran Conflict

Renewed geopolitical tensions from the Israel-Iran conflict weighed on sentiment for the FTSE 100 benchmark as it shed more than a quarter percent in Friday's trade.
RTTNews | 1 dag sedan
Eurozone Trade Surplus Declines To 3-Month Low

Eurozone Trade Surplus Declines To 3-Month Low

Eurozone trade surplus declined to a three month low in April as demand from the US softened following tariff hikes, official data revealed on Friday. The trade surplus declined to EUR 9.9 billion in April from EUR 37.3 billion in March, Eurostat reported. This was the lowest surplus since January. In the same period last year, the surplus totalled EUR 13.6 billion.
RTTNews | 1 dag sedan
Geopolitical Tensions Drag Down CAC 40

Geopolitical Tensions Drag Down CAC 40

An escalation in geopolitical tensions in the Middle East triggered by the Israel-Iran conflict weighed on market sentiment dragging down the CAC 40. Concerns about the trade dispute between the U.S. also weighed on sentiment.
RTTNews | 1 dag sedan