European Shares Slip Ahead Of US Inflation Data

RTTNews | 829天前

(RTTNews) - European stocks fell slightly on Wednesday as caution set in ahead of U.S. inflation data later in the day and the Bank of England's interest-rate decision on Thursday.

Also weighing on sentiment, a high stakes meeting between U.S. President Joe Biden and key lawmakers from both parties on Tuesday yielded no breakthrough on the impasse over the U.S. debt ceiling.

Data showed earlier in the day that German consumer inflation fell in April on easing food prices, but core inflation stayed high.

Finalized data showed German annual inflation rate softened from 7.4 percent to 7.2 percent in April, unchanged from the prelim figure. The harmonized index of consumer prices rose by 7.6 percent year-on-year.

The pan European STOXX 600 was down 0.2 percent at 464.36 after declining 0.3 percent on Tuesday.

The German DAX and France's CAC 40 both edged down around 0.3 percent while the U.K.'s FTSE 100 was down 0.2 percent.

Sweden's SBB fell over 3 percent to extend recent declines on debt concerns.

Swedish Orphan Biovitrum plunged 15 percent after the drug maker agreed to acquire U.S.-based CTI BioPharma CTIC.O in a deal valued at $1.7 billion.

Dutch Bank ABN AMRO fell about 1 percent despite reporting higher-than-expected earnings for the first quarter.

British caterer Compass Group rallied 1.8 percent after posting strong first-half results and lifting its full-year guidance.

Melrose Industries jumped 3.6 percent after the company said it was trading "materially ahead" of expectations.

The company also outlined plans to "create further substantial value" for shareholders by repositioning itself as a pureplay aerospace company.

Travel firm TUI tumbled more than 4 percent after it posted narrower quarterly underlying earnings before interest and tax (EBIT) loss of 242 million euros ($266.39 million).

French lender Credit Agricole rallied 5.7 percent after posting a record performance in the first quarter on higher trading revenue.

Train maker Alstom gave up 5.3 percent after delaying its mid-term targets.

Euro Higher Against Majors

The euro appreciated against its major counterparts in the New York session on Friday.

RTTNews | 11小时17分钟前

TSX Down Marginally In Lackluster Trade

Canadian stocks are turning in a mixed performance in somewhat lackluster trade on Friday, with investors focusing on the upcoming US - Russia summit that could help end the war in Ukraine.

RTTNews | 14小时7分钟前

Swiss Market Ends On Firm Note

The Switzerland market ended on a firm note on Friday with stocks from across several sectors gaining ground on sustained buying support. The mood remained positive right through the day's session, amid some expectations about an end to the Ukraine war.

RTTNews | 14小时35分钟前

European Stocks Close Mixed After Cautious Session

European stocks closed on a mixed note on Friday with investors largely staying cautious, awaiting the meeting of the Presidents of the U.S. and Russia, and continuing to assess Trump administration's tariff moves and their impact on global economic growth.

RTTNews | 14小时53分钟前

U.S. Business Inventories Rise In Line With Estimates In June

A report released by the Commerce Department on Friday showed business inventories in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said business inventories rose by 0.2 percent in June after coming in unchanged in May. The uptick matched expectations.

RTTNews | 16小时31分钟前

U.S. Consumer Sentiment Unexpectedly Deteriorates In August

Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of August, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index fell to 58.6 in August from 61.7 in July. Economists had expected the index to inch up to 62.0.

RTTNews | 16小时49分钟前

U.S. Industrial Production Pulls Back Slightly In July

A report released by the Federal Reserve on Friday showed a modest decrease by U.S. industrial production in the month of July. The Fed said industrial production edged down by 0.1 percent in July after climbing by an upwardly revised 0.4 percent in June. Economists had expected industrial production to come in unchanged.

RTTNews | 17小时18分钟前

New York Manufacturing Index Unexpectedly Climbs To Nine-Month High In August

The Federal Reserve Bank of New York released a report on Friday showing regional manufacturing activity unexpectedly grew at a faster rate in the month of August. The New York Fed said its general business conditions index climbed to 11.9 in August from 5.5 in July, with a positive reading indicating growth. Economists had expected the index to fall to 0.5.

RTTNews | 17小时42分钟前

EURUSD	1.1698	GBPUSD	1.3551	AUDUSD	0.6504
USDJPY	147.18	USDCAD	1.38173	USDCHF	0.8063