European Shares Slip Ahead Of Inflation And Unemployment Data

RTTNews | 882 ngày trước

(RTTNews) - European shares were a tad lower on Thursday and Euro zone government bond yields hit fresh multi-year highs, as investors awaited key Eurozone inflation and unemployment data due later in the day for directional cues.

ECB's Joachim Nagel said Wednesday that the central bank might need large interest-rate increases beyond March to combat high inflation.

Elsewhere, Bank of England Governor Andrew Bailey said in his speech at Brunswick Group's Cost of Living Conference in London that rates could rise further if inflationary pressures become embedded.

The pan European STOXX 600 was down 0.1 percent at 457.18 after declining 0.7 percent on Wednesday.

The German DAX, France's CAC 40 and the U.K.'s FTSE 100 were down between 0.3 percent and 0.4 percent.

Swiss specialty chemicals firm Clariant was down 3 percent after it forecast annual sales to slightly decline in 2023.

British lender HSBC fell 4.3 percent on going ex-dividend.

Flutter Entertainment shares tumbled 4 percent. The gambling and betting group reported FY22 core profit at the lower end of its guidance range.

Vesuvius, an engineering company, jumped nearly 6 percent after reporting a rise in earnings for 2022, amidst an increase in revenue.

Buildings giant CRH soared 11 percent after reporting a jump in 2022 profit and unveiling share buyback plans.

Public transport company National Express rallied 11 percent after reporting improved financial and operating performance for FY22.

Technip Energies shares rallied 6.2 percent in Paris. The engineering firm, focused on energy industry, posted a rise in earnings for 2022 on lower revenue.

Resource-management firm Veolia Environnement declined 1.3 percent despite reporting a rise in FY22 net income and revenue, helped by its merger with Suez.

Kion Group AG rose over 1 percent. The German manufacturer of materials handling equipment said it expects an increase in revenue and a significant improvement in both adjusted EBIT and return on capital employed in fiscal 2023.

Swiss Market Ends Moderately Lower

Despite a decent spell in positive territory till about an hour before noon, the Switzerland market turned weak and kept drifting lower as the session progressed on Thursday to eventually settle with a moderate loss.

RTTNews | 1h 15phút trước

European Stocks Close Mostly Weak As Investors React To Earnings

European markets closed mostly lower on Thursday as investors reacted to a slew of earnings announcements and digested the latest batch of economic data from the region, and also followed the developments on the trade front.

RTTNews | 1h 45phút trước

U.S. Consumer Price Growth Matches Estimates In June

A closely watched report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent in June after inching up by an upwardly revised 0.2 percent in May.

RTTNews | 4h 33phút trước

German Unemployment Rises In July

Germany's unemployment increased less than expected in July but the overall number of people out of work remained close to the 3 million mark due to the prolonged period of economic slowdown, official data revealed on Thursday. The number of unemployed rose by less-than-expected 2,000 from June, the Federal Employment Agency said. For July, economists had forecast an increase of 15,000.

RTTNews | 5h 16phút trước

U.S. Jobless Claims Inch Up Less Than Expected To 218,000

First-time claims for U.S. unemployment benefits edged slightly higher in the week ended July 26th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims crept up to 218,000, an increase of 1,000 from the previous week's unrevised level of 217,000. Economists had expected jobless claims to rise to 224,000.

RTTNews | 5h 24phút trước