European Stocks Close On Mixed Note After Cautious Session

RTTNews | 11 ngày trước
European Stocks Close On Mixed Note After Cautious Session

(RTTNews) - European stocks turned in a mixed performance on Monday with investors mostly making cautious moves with their focus on EU - US trade negotiations and corporate news.

According to reports, EU leaders are preparing for a showdown over U.S. tariff threats, pressing the European Commission to prepare countermeasures, including tariffs on U.S. goods, restrictions on digital services, and limits on public procurement access.

The pan European Stoxx 600, the U.K.'s FTSE 100 and Germany's DAX crept up 0.01%, 0.05% and 0.02%, respectively. France's CAC 40 ended down 0.25%. Switzerland's SMI closed down 0.38%.

Among other markets in Europe, Belgium, Finland, Iceland, Ireland, Russia, Spain, Sweden and Turkiye closed higher.

Denmark, Greece, Netherlands, Norway and Poland ended weak, while Czech Republic and Portugal closed flat.

In the UK market, mining stocks gained thanks to firm iron ore prices. Antofagasta, Endeavour Mining, Fresnillo, Anglo American Plc and Glencore gained 3 to 5%. Rio Tinto climbed 2.75%.

Marks & Spencer, Sainsbury (J), SSE, Centrica, Tesco, United Utilities, Phoenix Group Holdings, Severn Trent, Mondi, Natwest Group, Barratt Redrow, Easyjet, Lloyds Banking Group and Land Securities also ended notably higher.

Shares of precision engineering group Hunting Plc. are up more than 3% after the company said it has secured a $31 million order for Black Sea gas project.

BAE Systems, Informa, Diageo, LSE, Haleon, Kingfisher, WPP, Bunzl and Melrose Industries lost 1 to 2%.

In the German market, BASF, Puma, E.ON, Vonovia, RWE, Daimler Truck Holding, Commerzbank, BMW, Deutsche Bank and Infineon gained 1 to 2.3%.

Bayer found some support after announcing that it has secured EU approval for Nubeqa as third indication for metastatic hormone-sensitive prostate cancer.

Fresenius Medical Care, Rheinmetall and Sartorius closed lower by 1.3 to 1.6%. Zalando, Deutsche Boerse and Merck ended moderately lower.

In the French market, ArcelorMittal rallied nearly 4.5%. Vivendi advanced 2.3%, while Unibail Rodamco, STMicroElectronics and Veolia Environment gained 1.1 to 1.5%.

Stellantis tumbed, weighed down by the company's warning that it expects to report a €2.3 billion net loss for the first half of 2025. However, the stock recovered and ended with a gain of about 1.5%.

Publicis Groupe, Teleperformance, Hermes International, Thales, Danone and Capgemini lost 1 to 2%.

read more
U.S. Dollar Falls As Weak Jobs Data Lifts Rate Cut Hopes

U.S. Dollar Falls As Weak Jobs Data Lifts Rate Cut Hopes

The U.S. dollar weakened against its major counterparts in the New York session on Friday, as weaker-than-expected jobs data for July strengthened expectations of a Fed rate cut in September.
RTTNews | 16h 24phút trước
U.S. Construction Spending Unexpectedly Sees Further Downside In June

U.S. Construction Spending Unexpectedly Sees Further Downside In June

The Commerce Department released a report on Friday unexpectedly showing a continued decrease by U.S. construction spending in the month of June. The report said construction spending fell by 0.4 percent to an annual rate of $2.136 trillion in June after sliding by 0.5 percent to a revised rate of $2.144 trillion in May.
RTTNews | 22h 29phút trước
U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved marginally less than previously estimated in the month of July. The University of Michigan said its consumer sentiment index for July was downwardly revised to 61.7 from a preliminary reading of 61.8. Economists had expected the index to be upwardly revised to 62.0.
RTTNews | 22h 33phút trước
U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of July, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI edged down to 48.0 in July after inching up to 49.0 in June with a reading below 50 indicating contraction.
RTTNews | 22h 35phút trước
Eurozone Inflation Steady At 2% ECB Target

Eurozone Inflation Steady At 2% ECB Target

Euro area consumer price inflation was unchanged at the European Central Bank's 2 percent target in July, easing the pressure for more easing. The harmonized index of consumer prices increased 2.0 percent year-on-year in July, the same rate of increase as seen in June. Inflation was forecast to ease marginally to 1.9 percent.
RTTNews | 23h 22phút trước