European Shares Mixed With Powell Speech In Focus

RTTNews | 567天前

(RTTNews) - European stocks were mixed on Thursday following hawkish comments from Fed and ECB officials.

Fed Vice Chair Philip Jefferson on Wednesday said that high uncertainty could warrant an aggressive, rather than a gradual, policy response.

Fed Chair Jerome Powell didn't comment on monetary policy or the economic outlook in prepared remarks at a conference on Wednesday. He will appear again on a panel discussing monetary policy challenges later today.

European Central Bank Vice President Luis de Guindos told Slovenia's Finance newspaper in an interview published today that any talk of lowering borrowing costs in the coming months is clearly premature.

The pan European STOXX 600 was up 0.2 percent at 444.85 after gaining 0.3 percent on Wednesday.

The German DAX was marginally lower, and France's CAC 40 slipped 0.1 percent, while France's CAC 40 rose 0.3 percent.

Steelmaker ArcelorMittal fell 1.4 percent after reporting lower Q3 profit and sales. Drug maker AstraZeneca jumped over 3 percent in London after reporting better-than-expected Q3 results and raising its profit outlook.

Flutter Entertainment plunged 12 percent. The online betting firm said it has finalized its plans to list in the U.S. and delist from Euronext Dublin, the Irish Stock Exchange.

Wizz Air Holdings slumped 7.4 percent after the budget carrier narrowed its annual profit forecast.

Housebuilder Taylor Wimpey rose nearly 2 percent after backing its 2023 view. France's Schneider Electric soared 5.5 percent after its long-term outlook announcement.

Planemaker Airbus fell 1.9 percent, a day after posting higher underlying third-quarter profit and reaffirming financial and delivery targets for 2023.

German consumer goods company Henkel rallied 3.5 percent after raising its guidance for the year.

Deutsche Telekom added about 1 percent. The telecommunications operator announced its third revision to its earnings outlook for 2023, following a strong Q3 performance.

Life sciences and chemical group Merck KGaA surged 4.3 percent after reporting better-than-expected profit.

U.S. Economic Shrinks Slightly Less Than Previously Estimated In Q1

A report released by the Commerce Department on Thursday showed the U.S. economy shrank by slightly less than previously estimated in the first quarter of 2025. The Commerce Department said real gross domestic product edged down by a revised 0.2 percent in the first quarter compared to the previously reported 0.3 percent dip. Economists had expected the modest decrease to be unrevised.

RTTNews | 3小时41分钟前

U.S. Weekly Jobless Claims Climb More Than Expected To 240,000

First-time claims for U.S. unemployment benefits rose by more than expected in the week ended May 24th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 240,000, an increase of 14,000 from the previous week's revised level of 226,000. Economists had expected jobless claims to inch up to 230,000.

RTTNews | 3小时43分钟前

Hormel Foods Recalls 256K Pounds Of Canned Beef Stew Product

Hormel Foods Corp. is recalling around 256,185 pounds of canned beef stew product that may be contaminated with foreign material, specifically wood, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The Tucker, Georgia-based branded food major's recall involves 20-oz. metal cans containing "Dinty Moore BEEF STEW" with "BEST BY FEB 2028".

RTTNews | 4小时18分钟前

UK Vehicle Manufacturing Logs Weakest Start To Year Since 2009: SMMT

UK automotive manufacturing registered its weakest start to a year since 2009, the Society of Motor Manufacturers & Traders, or SMMT, said Thursday. Car and commercial vehicle production decreased 15.8 percent on a yearly basis to 59,203 units in April. Auto production fell to the lowest level for the month since 1952, excluding 2020 when the first Covid lockdown effectively saw manufacturing c

RTTNews | 4小时45分钟前

Bay Street Looks Set To Start On Firm Note

Canadian shares look headed for a firm start on Thursday, with encouraging earnings by Royal Bank of Canada and Canadian Imperial Bank of Commerce, and a U.S. court ruling against U.S. President Donald Trump's sweeping tariff moves set to lift sentiment.

RTTNews | 5小时0分钟前