European Shares Inch Higher On Earnings

RTTNews | Před 200 dny

(RTTNews) - European stocks inched higher on Friday after European Central Bank policymaker Yannis Stournaras said he sees three rate cuts in 2024.

Stournaras reportedly said in an interview that three rate cuts in 2024 is the more likely scenario after considering recent growth and inflation data.

A slew of encouraging earnings updates and signs of improvement in U.K. services growth also helped underpin investor sentiment.

The U.K. service sector expanded at the quickest pace in nearly a year, spurred by a renewed strengthening of order books, final data from S&P Global showed.

The services purchasing managers' index rose to 55.0 in April from 53.1 in March. That was also above the flash score of 54.9.

Investors shrugged off separate data showing that France's industrial production declined unexpectedly in March after rebounding in the previous month.

The pan European STOXX 600 edged up 0.3 percent to 504.83 after closing 0.2 percent lower on Thursday.

The German DAX rose 0.4 percent, France's CAC 40 added 0.6 percent and the U.K.'s FTSE 100 was up 0.4 percent.

In corporate news, Germany's household and personal products business Henkel AG & Co. KGaA jumped 7.4 percent after raising its sales and earnings outlook for 2024.

Daimler Truck Holding slumped 5 percent after reporting a decline in Q1 global sales.

Krones, a packaging and bottling machine maker, declined 1.6 percent despite posting higher Q1 profit and confirming its FY24 outlook.

Credit Agricole, France's second-biggest listed bank, climbed 3.6 percent after posting a forecast-beating 55 percent jump in first-quarter net profit.

Rival Societe Generale soared 4.4 percent as it backed guidance after reporting a smaller-than-expected 22 percent slide in first-quarter net income.

Anglo American jumped more than 3 percent in London after reports that commodities group Glencore was considering a rival bid for the mining giant.

Trainline, which runs a digital platform for buying rail and bus tickets, soared 8 percent after annual earnings rose and the company announced it would start buying back more shares over the course of 12 months.

Publishing company Future rallied 2.7 percent after appointing Sharjeel Suleman as its CFO.

Swiss Market Ends Notably Lower

After spending a few minutes in positive territory in early trades on Tuesday, the Switzerland market retreated and spent the rest of the day's session in the red, as geopolitical tensions, interest rate uncertainty and concerns about the outlook for global economic growth rendered the mood bearish.

RTTNews | Před 6 h 53 min

Canadian Dollar Climbs As Inflation Accelerates

The Canadian dollar strengthened against its major counterparts in the New York session on Tuesday, following the release of hotter-than-expected inflation data for October.

RTTNews | Před 7 h 8 min

European Stocks Close Weak On Geopolitical Concerns, Growth Worries

European stocks closed weak on Tuesday amid an escalation in Russia - Ukraine war and concerns about the outlook for global economic growth rendered the mood bearish. Investors moved away from riskier assets after Russian President Vladimir Putin updated nuclear doctrine.

RTTNews | Před 7 h 17 min

Canadian Market Recovers Well After Early Setback

The Canadian market, which slid in early trades Tuesday morning on hot inflation data, and rising geopolitical concerns following an escalation in Russia - Ukraine war, recovered lost ground subsequently with a few frontline stocks finding some solid support at lower levels.

RTTNews | Před 8 h 5 min

U.S. Housing Starts Tumble 3.1% In October, More Than Expected

New residential construction in the U.S. tumbled by more than expected in the month of October, according to a report released by the Commerce Department on Tuesday. The report said housing starts dove by 3.1 percent to an annual rate of 1.311 million in October after slumping by 1.9 percent to a revised rate of 1.353 million in September.

RTTNews | Před 10 h 40 min

U.S. Housing Starts Tumble More Than Expected In October

New residential construction in the U.S. tumbled by more than expected in the month of October, according to a report released by the Commerce Department on Tuesday.

RTTNews | Před 11 h 38 min

Eurozone Inflation Rises To 2% As Estimated

Eurozone inflation returned to the 2 percent target in October, final data from Eurostat showed on Tuesday. The harmonized index of consumer prices climbed as initially estimated in October after rising 1.7 percent in September. Core inflation that excludes prices of energy, food, alcohol and tobacco, remained unchanged at 2.7 percent in October.

RTTNews | Před 11 h 58 min

Bay Street Seen Opening Lower On Geopolitical Concerns; Canadian Inflation Data In Focus

Canadian shares look headed for a weak start on Tuesday amid rising geopolitical concerns after Russian President Vladimir Putin updated nuclear doctrine.

RTTNews | Před 12 h 22 min

EURUSD	1.05946	GBPUSD	1.26801	AUDUSD	0.65308
USDJPY	154.661	USDCAD	1.39678	USDCHF	0.88254