European Shares Decline As Growth Worries Mount

RTTNews | 663 วันที่ผ่านมา
European Shares Decline As Growth Worries Mount

(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.

read more
U.S. Dollar Strengthens On Trump's Tariff Delay

U.S. Dollar Strengthens On Trump's Tariff Delay

The U.S. dollar was higher against its major counterparts in the New York session on Tuesday amid easing trade tensions between the U.S. and the European Union.
RTTNews | 46 นาทีที่ผ่านมา
European Stocks Close Broadly Higher On Strong Data, Easing Trade Tensions

European Stocks Close Broadly Higher On Strong Data, Easing Trade Tensions

European stocks closed on a positive note on Tuesday, continuing to benefit from U.S. President Donald Trump's decision to amid slightly easing concerns about a potential trade war following U.S. President Donald Trump's decision decision to wait till July 9th to implement the 50% tariffs he had threatened to impose on imports from the European Union.
RTTNews | 2 ชม. 14 นาทีที่ผ่านมา
U.S. Consumer Confidence Rebounds Much More Than Expected In May

U.S. Consumer Confidence Rebounds Much More Than Expected In May

A report released by the Conference Board on Tuesday showed a substantial improvement by U.S. consumer confidence in the month of May. The Conference Board said its consumer confidence index spiked to 98.0 in May after plunging to a downwardly revised 85.7 in April.
RTTNews | 4 ชม. 56 นาทีที่ผ่านมา
U.S. Durable Goods Orders Plunge 6.3% In April As Aircraft Orders Plummet

U.S. Durable Goods Orders Plunge 6.3% In April As Aircraft Orders Plummet

With orders for transportation equipment pulling back sharply, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of April. The Commerce Department said durable goods orders tumbled by 6.3 percent in April after surging by a downwardly revised 7.6 percent in March.
RTTNews | 5 ชม. 6 นาทีที่ผ่านมา
Bay Street Seen Opening Higher Again

Bay Street Seen Opening Higher Again

Canadian shares are likely to extend recent gains on Tuesday following U.S. President Donald Trump's decision to wait till July 9th to implement the 50% tariffs he had threatened to impose on imports from the European Union.
RTTNews | 6 ชม. 33 นาทีที่ผ่านมา
U.S. Durable Goods Orders Pull Back Sharply In April

U.S. Durable Goods Orders Pull Back Sharply In April

With orders for transportation equipment pulling back sharply, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of April.
RTTNews | 6 ชม. 34 นาทีที่ผ่านมา
Eurozone Economic Sentiment Rises More Than Forecast

Eurozone Economic Sentiment Rises More Than Forecast

Eurozone economic confidence strengthened more than expected in May as manufacturers, consumers and retailers showed signs of recovery, survey data from the European Commission revealed on Tuesday. The Economic Sentiment Indicator climbed to 94.8 from 93.8 in April. The reading was above forecast of 94.0. The rise in the ESI was primarily driven by the improvements in the industry, retail trad
RTTNews | 6 ชม. 52 นาทีที่ผ่านมา