European Shares Rally As Fed Cuts Rates, Signals More Easing In 2025

RTTNews | 5 gün önce
European Shares Rally As Fed Cuts Rates, Signals More Easing In 2025

(RTTNews) - European stocks opened on a buoyant note Thursday after the U.S. Federal Reserve cut interest rates for the first time since December and indicated more cuts would follow amid mounting signs of labor market weakness.

Focus now shifts to the monetary policy announcement from the Bank of England (BoE) due later in the day.

The BoE is widely expected to hold its benchmark bank rate at 4.00 percent after a quarter-point reduction in August. The central bank releases monetary policy statement and minutes at 7.00 AM ET.

The pan-European STOXX 600 jumped 0.7 percent to 554.35 after ending marginally lower on Wednesday.

The German DAX rallied 1.2 percent, France's CAC 40 surged 1 percent and the U.K.'s FTSE 100 added 0.3 percent.

Britain's Domino's Pizza fell 1.1 percent after naming a new CFO.

Bytes Technology Group, which operates in IT solutions and services, rallied 2.2 percent after delivering a resilient performance in the first half.

Retailer Next Plc plummeted 5 percent after warning that sales will slow in the second half.

Engineering giant Renishaw surged 7.5 percent after it delivered record full-year revenue and stronger adjusted profit.

read more
TSX Retreats After Sailing Past 30k Mark For First Ever Time

TSX Retreats After Sailing Past 30k Mark For First Ever Time

Canadian benchmark S&P/TSX Composite Index breached the 30k mark for the first ever time, and moved on to a new high Tuesday morning before paring gains and slipping into negative territory, due largely to profit taking.
RTTNews | 51 dakika önce
Swiss Market Ends Marginally Down

Swiss Market Ends Marginally Down

The Switzerland market closed on a weak note on Tuesday after a choppy ride as stocks turned in a mixed performance.
RTTNews | 1s 23 dakika önce
European Stocks Close Broadly Higher

European Stocks Close Broadly Higher

European markets closed mostly higher on Tuesday with investors digesting the latest batch of regional economic data, and picking up stocks amid expectations of more monetary easing by the Federal Reserve.
RTTNews | 1s 44 dakika önce
Powell Warns There's 'No Risk-Free Path' For Interest Rates

Powell Warns There's 'No Risk-Free Path' For Interest Rates

Following last week's decision to cut interest rates for the first time this year, Federal Reserve Chair Jerome Powell delivered remarks before the 2025 Greater Providence Chamber of Commerce Economic Outlook Luncheon in Warwick, Rhode Island, on Tuesday.
RTTNews | 2s 17 dakika önce
Hungary Holds Rates Steady As Inflation Expected To Remain High

Hungary Holds Rates Steady As Inflation Expected To Remain High

The Hungarian central bank left its interest rates unchanged again, on Tuesday, as policymakers assessed that tight monetary conditions were needed amid forecast that inflation is set to remain beyond the tolerance level in the coming months.
RTTNews | 2s 50 dakika önce
Bay Street Likely To Post New Highs

Bay Street Likely To Post New Highs

Canadian shares are likely to open on a firm note Tuesday morning with higher oil and bullion prices set to trigger buying in energy and materials sectors.
RTTNews | 6s 17 dakika önce
Wall Street Likely To Open Flat

Wall Street Likely To Open Flat

Futures point to a somewhat flat start on Wall Street Tuesday morning. Data on manufacturing and services sector activity in the U.S. in the month of August, due after the opening bell, is likely to provide some direction to the market.
RTTNews | 6s 57 dakika önce
Sweden Cuts Policy Rate By 25 Bps

Sweden Cuts Policy Rate By 25 Bps

Sweden's central bank cut its benchmark interest rate by 25 basis points in order to support economic recovery and signalled an end to the easing cycle. The executive board of the Riksbank decided to lower the policy rate by 25 basis points to 1.75 percent. The bank has reduced the rate by 200 basis points since it started policy easing in May 2024.
RTTNews | 7s 3 dakika önce