European Shares Edge Lower After Thursday's Rally

RTTNews | 60 gün önce

(RTTNews) - European stocks slipped into the red on Friday after logging their biggest one-day gains since 2022 the previous day as U.S. President Donald Trump decided to delay new tariffs by 90 days.

The euro surged to the highest level against the dollar in over three years after the EU said it would suspend its planned countermeasures to Trump's tariffs for 90 days.

Sterling also jumped as new data showed Britain's economy picked up faster than expected in February.

French President Emmanuel Macron said today that the U.S. tariff suspension offers only a "fragile" pause in tensions — but a vital opportunity for negotiations.

The pan-European STOXX 600 was down 0.6 percent at 484.51 after rallying 3.7 percent on Thursday.

The German DAX dropped 0.7 percent, France's CAC 40 shed half a percent and the U.K.'s FTSE 100 slipped 0.4 percent.

Stellantis NV share slumped 4.2 percent. The auto giant reported that its first-quarter shipments fell 9 percent compared to last year.

BP Plc declined 2.3 percent. The energy group has warned of "weak" gas trading and higher debt in Q1.

In economic releases, the U.K. economy expanded at a faster than expected pace in February with increases in all main sectors, data from the Office for National Statistics revealed.

Real GDP grew 0.5 percent from the previous month following a nil growth in January. GDP was expected to climb 0.1 percent.

On a yearly basis, real GDP advanced 1.4 percent compared to economists' forecast of 0.9 percent.

Meanwhile, U.K. recruiters reported the steepest rise in permanent and temporary labor supply in more than four years in March, while job placements declined notably due to weaker economic confidence and tighter client budgets, according to a report compiled by S&P Global.

Gold Dips As US-China Trade Talks Continue

Gold prices dipped on Tuesday, ahead of US inflation report and ongoing US-China official talks, which is now the focus of investors from all over the world. Front Month Comex Gold for June delivery lost $11.20 (or 0.34%) to $3320.90 per troy ounce on Tuesday. Front Month Comex Silver for June delivery lost $14.60 cents (or 0.40%) to $36.542 today. The much-anticipated high-level trade talks between the world's two largest economies, U.S. and China, began on Monday in London and continued for the second day today. On the economic data front, the US Labor Department will release Consumer Price Index (CPI) data on Wednesday, which may help to determine the Federal Reserve's monetary policy before the Fed's June 17-18 meeting. Meanwhile, the World Bank, in its biannual Global Economic Prospects, has cut the global growth forecast to 2.3% from 2.7% for the current year citing "trade barriers" as a reason behind the global slowdown.

RTTNews | 20 dakika önce

Crude Oil Prices Fade As US-China Talks Progress

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RTTNews | 26 dakika önce

Canadian Dollar Appreciates Amid Risk Appetite

The Canadian dollar climbed against its major counterparts in the New York session on Tuesday, as investors monitored trade talks between the U.S. and China that continued for a second day.

RTTNews | 1s 6 dakika önce

Swiss Market Ends Marginally Down

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European Stocks Close On Mixed Note

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TSX Up Marginally; Energy Stocks Rise

After a flat start and a subsequent climb up north, the Canadian market retreated Tuesday morning, and at a little past noon, was up marginally, led by gains in energy, consumer and communications sectors. Investors are cautiously optimistic about some positive progress in U.S.-China trade relations.

RTTNews | 3s 55 dakika önce

U.S. Stocks Mostly Subdued In Lackluster Trade

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RTTNews | 4s 31 dakika önce

Eurozone Investor Confidence Strongest In A Year: Sentix

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RTTNews | 7s 25 dakika önce

EURUSD	1.14228	GBPUSD	1.35003	AUDUSD	0.65212
USDJPY	144.882	USDCAD	1.3675	USDCHF	0.82267

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European Shares Edge Lower After Thursday's Rally