Major European Markets Close On Firm Note

RTTNews | 821 ngày trước
Major European Markets Close On Firm Note

(RTTNews) - The major European markets closed higher on Thursday, as data showing a drop in eurozone inflation lifted investor sentiment and helped trim early losses.

Data showed eurozone inflation eased slightly to 8.5% in February, the slowest since May 2022, and down from 8.6% in the previous month.

Meanwhile, core inflation that excludes energy, food, alcohol and tobacco, accelerated to 5.6% from 5.3%. Core inflation was expected to remain unchanged at 5.3%.

Meanwhile, ECB President Christine Lagarde said that rates will have to rise higher and stay higher for some time to combat inflation.

The pan European Stoxx 600 climbed 0.51%. The U.K.'s FTSE 100 gained 0.37%, Germany's DAX advanced 0.15%, and France's CAC surged 0.69%, while Switzerland's SMI gained nearly 1%.

Among other markets in Europe, Austria, Denmark, Ireland, Netherlands, Norway and Portugal ended higher.

Belgium, Czech Republic, Finland, Greece, Iceland, Poland, Russia and Turkiye closed weak. Spain and Sweden ended flat.

In the UK market, CRH soared more than 8% after reporting a jump in 2022 profit and unveiling share buyback plans.

Croda International gained about 2.25%, while BP, Coca-Cola, BAE Systems, Diageo and Shell gained 1.5 to 2%.

Beazley dropped more than 5%. Haleon, Schrodders, Persimmon, HSBC Holdings and Barratt Developments lost 3 to 4%. Prudential, IAG, Hargreaves Lansdown, Barclays, Fresnillo and Lloyds Banking Group also ended notably lower.

In Paris, Eurofins Scientific surged more than 5.5%. Pernod Ricard, TotalEnergies, Kering, L'Oreal, LVMH, ArcelorMittal, Engie and Hermes International gained 1 to 2.2%.

STMicroElectronics ended more than 3% down. Unibail Rodamco drifted down by about 1%. Credit Agricole, Michelin and Societe Generale posted moderate losses.

In the German market, E.ON, Adidas, Beiersdorf, Merck and Symrise gained 1 to 1.6%.

Covestro tumbled nearly 6%. Deutsche Bank, Zalando, Commerzbank, Infineon Technologies, Siemens Energy and Fresenius lost 0.6 to 1.4%.

read more
TSX Settles Lower As Trade Tensions Resurface

TSX Settles Lower As Trade Tensions Resurface

Despite hitting record highs earlier in the week, the Canadian market ended weak for a second straight day as trade tensions weighed on sentiment, prompting investors to tread cautiously on Friday.
RTTNews | 1 ngày trước
Crude Oil Prices Slip On Friday

Crude Oil Prices Slip On Friday

Crude suffered a weekly loss of more than 1 percent due to uncertainty over U.S. President Donald Trump's tariffs and their likely impact on global growth and fuel demand.
RTTNews | 1 ngày trước
Pound Drops As Trade Tensions Renew

Pound Drops As Trade Tensions Renew

The pound fell against its major counterparts in the New York session on Friday, as trade tensions escalated after the U.S. President accused China of violating trade agreement reached earlier this month.
RTTNews | 1 ngày trước
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

Save for a few minutes at the start when it stayed a bit weak, the Switzerland market remained positive on Friday, and despite coming off the day's high hit around noon, ended the session modestly higher.
RTTNews | 1 ngày trước
Major European Markets Close Slightly Higher

Major European Markets Close Slightly Higher

Despite uncertainty surrounding Trump administration's tariff plans, The major European markets mostly closed higher on Friday. Trade tensions escalated after the U.S. President accused China of violating trade agreement reached earlier this month, but investors picked up stocks amid expectations of an interest rate cut by the European Central Bank.
RTTNews | 1 ngày trước
U.S. Stocks Broadly Lower In Cautious Trade

U.S. Stocks Broadly Lower In Cautious Trade

U.S. stocks are turning in a weak performance on Friday amid renewed concerns over trade tensions, and a batch of mixed economic data. The major averages all are down in negative territory, with the tech-laden Nasdaq underperforming.
RTTNews | 1 ngày trước