European Shares Gain Before ECB Verdict

RTTNews | Před 8 h 34 min

(RTTNews) - European stocks traded higher on Thursday as investors digested a slew of earnings and awaited the European Central Bank's interest-rate decision.

The central bank is widely expected to lower its key interest rates by 25 basis points later in the day, responding to falling inflation and worsening economic conditions.

Commentary from ECB's President Christine Lagarde may influence markets as the day progresses.

The pan European STOXX 600 rose half a percent to 522.31 after falling 0.2 percent on Wednesday.

The German DAX climbed 0.7 percent, France's CAC 40 climbed 1.1 percent and the U.K.'s FTSE 100 was up 0.3 percent.

In corporate news, Swiss lift-and escalator maker Schindler climbed 3.3 percent after reporting a 0.9 percent fall in its third-quarter sales.

Nescafe coffee maker Nestle gained 2.1 percent despite cutting its full-year sales outlook.

Finnish telecom equipment supplier Nokia slumped 4.4 percent after quarterly sales missed estimates.

Lender Nordea surged 6.2 percent after raising its full-year outlook and announcing a new share buyback program.

Miners traded mixed, with Antofagasta falling over 2 percent in London after another much-anticipated policy briefing by China's housing ministry failed to impress investors.

Smiths Group and Persimmon both lost around 2 percent on going ex-dividend.

Mondi plunged 6.6 percent after the packing company posted a sequential fall in Q3 profit.

Entain soared 5.2 percent after the gambling group exceeded Q3 expectations and raised its 2024 net gaming revenue outlook.

Pest control services group Rentokil Initial soared nearly 9 percent after holding on to its full-year guidance.

Schneider Electric rallied 2.4 percent in Paris after it agreed to acquire a controlling stake in Motivair Corporation, a firm specializing in advanced liquid cooling for high-performance computing.

Advertising group Publicis Groupe gained 2 percent after revising its global forecast for 2024 upwards for a second time.

Getlink jumped 2.5 percent after the Channel tunnel operator posted better-than-expected Q3 revenue.

Spirits maker Pernod Ricard rose 1.7 percent. After a disappointing start to its financial year, the company said it expects to be back on the growth track by next summer.

Sartorius AG shares jumped 12.5 percent. The German pharmaceutical and laboratory equipment supplier confirmed its full-year outlook after reporting sold results for the third quarter.

Merck KGaA soared 5.2 percent after reaffirming its annual guidance for earnings per share.

Walmart Offers Thanksgiving Meal For Below $7/Person Through Dec. 25

Walmart Inc. officially launched its holiday meal, offering customers a Thanksgiving meal for less than $7 per person. The offer, which comes earlier than last year, and at an even lower price, is available from October 14 through December 25. Walmart said its inflation-free Thanksgiving meal would benefit customers, who want to begin saving earlier and throughout the holiday season.

RTTNews | Před 4 h 18 min

ECB Cuts Interest Rates By 25 Bps As Lagarde Airs Concern On Eurozone Growth

The European Central Bank cut key interest rates by 25 basis points, as expected on Thursday, as policymakers assessed that the disinflation process is on track, and but they are increasingly concerned over the health of the euro area economy following some soft data released since the September policy session.

RTTNews | Před 4 h 39 min

U.S. Retail Sales Climb 0.4% In September, Slightly More Than Expected

A report released by the Commerce Department on Thursday showed retail sales in the U.S. increased by slightly more than expected in the month of September. The Commerce Department said retail sales rose by 0.4 percent in September after inching up by 0.1 percent in August. Economists had expected retail sales to rise by 0.3 percent.

RTTNews | Před 4 h 41 min

U.S. Jobless Claims Unexpectedly Pull Back Off Highest Level In Over A Year

First-time claims for U.S. unemployment benefits saw an unexpected pullback in the week ended October 12th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 241,000, a decrease of 19,000 from the previous week's revised level of 260,000.

RTTNews | Před 4 h 47 min

U.S. Industrial Production Dips Slightly More Than Expected In September

A report released by the Federal Reserve on Thursday showed industrial production in the U.S. fell by slightly more than expected in the month of September.

RTTNews | Před 4 h 59 min

Nestle Stock Up On 9M Organic Sales Growth; Cuts FY24 View

Nestle SA on Thursday trimmed its fiscal 2024 outlook for earnings and organic sales growth after reporting weak sales in the first nine months of the year. However, organic growth was 2 percent in the period, with positive real internal growth. The Swiss food and beverage major also announced changes to its organization, effective as of January 1, along with certain key changes...

RTTNews | Před 5 h 44 min

U.S. Weekly Jobless Claims Unexpectedly Decrease To 241,000

First-time claims for U.S. unemployment benefits saw an unexpected pullback in the week ended October 12th, according to a report released by the Labor Department on Thursday.

RTTNews | Před 5 h 45 min

Bay Street Likely To Open On Positive Note

The Canadian market is likely to open higher on Thursday, tracking positive European markets and slightly higher commodity prices. Investors will also be reacting to the European Central Bank's decision to lower interest rates.

RTTNews | Před 5 h 46 min

EURUSD	1.08196	GBPUSD	1.30021	AUDUSD	0.66881
USDJPY	149.921	USDCAD	1.37785	USDCHF	0.86468