European Shares Decline On Growth Worries

RTTNews | il y a 858

(RTTNews) - European stocks fell on Wednesday after data showed Chinese exports and imports lost momentum in August, adding to headwinds for the world's second-largest economy.

Closer home, German industrial production fell 0.3 percent on a monthly basis, reversing a 0.8 percent rise in June, Destatis reported. Output was forecast to decline 0.5 percent.

Year-on-year, industrial production logged a decline of 1.1 percent after easing 0.1 percent in June.

Eurozone Q2 GDP came in at 0.80 percent, higher than a 0.6 percent rise in the second estimate.

All eyes now turn to the European Central Bank (ECB) meeting due Thursday given talk of a faster pace of tightening.

Euro zone bond yields rose today amid increased bets on a 75-basis point rate hike from the ECB to tame record-high inflation.

The pan European Stoxx 600 was down 0.6 percent at 412.10 after gaining 0.2 percent on Tuesday.

The German DAX and France's CAC 40 both slipped half a percent, while the U.K.'s FTSE 100 was down 0.8 percent ahead of parliamentary testimony from the Bank of England governor.

Miners Anglo American, Antofagasta and Glencore dropped 1-2 percent on concerns over demand outlook.

Oil & gas firm BP Plc and Shell both fell around 1 percent as oil prices hit seven-month lows on demand worries.

James Fisher, a provider of marine engineering services, plunged 5.7 percent after posting a fall in interim profit.

Housebuilder Barratt Developments declined 1 percent despite posting record annual results.

SGL Carbon SE shares soared 12 percent. The maker of carbon-based products has raised its outlook for the fiscal 2022, citing continued good business development, especially in the Carbon Fibers Business Unit.

Gerresheimer AG fell 2.6 percent after it joined hands with Stevanato Group to develop a high-end Ready-To-Use solution platform with an initial focus on vials, based on Stevanato Group's EZ-fill technology.

Energy giant Uniper plunged 5 percent after warning natural gas prices could jump even higher.

Siemens Energy lost 4.6 percent after Gazprom said Russia's biggest natural gas pipeline to Europe will not resume pumping until the company repairs faulty equipment.

Siemens Energy said Tuesday that it did not comprehend Gazprom's presentation of the situation.

Repsol declined 1.3 percent. The Spanish energy and petrochemicals firm has agreed to sell 25 percent of its upstream business for $4.8 billion to EIG Global Energy Partners, an institutional investor in the energy sector.

TSX Ends Notably Lower As Stocks Drop On Interest Rate Concerns

The Canadian market closed notably lower on Friday, hurt by rising bond yields, and fading optimism about interest rate cuts by the Federal Reserve after data showed stronger-than-expected growth in U.S. non-farm payroll employment. Canadian employment data too came in stronger than expected, reducing prospects of any significant monetary easing by the Bank of Canada.

RTTNews | il y a 1

Dollar Climbs Higher After Buoyant Jobs Data

The U.S. dollar firmed against its major counterparts on Friday amid fading hopes of further reductions in interest rates after data from the Labor Department showed stronger-than-expected growth in non-farm payroll employment in the month of December.

RTTNews | il y a 1

U.S. Stocks Close Sharply Lower As Strong Jobs Data Raises Interest Rate Concerns

U.S. stocks tumbled on Friday due to heavy selling across the board as buoyant non-farm payroll data raised concerns that the Federal Reserve will likely hold interest rates at current levels or slow down the pace of reductions. Rising bond yields hurt as well.

RTTNews | il y a 1

Swiss Market Ends Notably Lower

The Switzerland market settled notably lower on Friday, in line with markets across Europe, as upbeat U.S. jobs data raised concerns that the Federal Reserve will likely hold interest rates unchanged from current levels, or go slow on interest rate cuts this year. Data showing an increase in Swiss unemployment weighed as well.

RTTNews | il y a 1

U.S. Dollar Firms As Strong Jobs Data Dampens Rate Cut Hopes

The U.S. dollar climbed against its most major counterparts in the New York session on Friday, as stronger-than-expected jobs data for December strengthened expectations that the Federal Reserve will hold rates steady for sometime.

RTTNews | il y a 1

European Stocks Close Lower As Strong U.S. Jobs Data Fuels Interest Rate Concerns

European stocks closed lower on Friday after stronger-than-expected U.S. jobs data raised concerns that the Federal Reserve will hold interest rates at current levels for longer. Higher Euro zone bond yields, and potential tariff hikes by the U.S. weighed as well on investor sentiment.

RTTNews | il y a 1

Canadian Stocks Tumble As Upbeat Jobs Data Raises Interest Rate Concerns

Canadian stocks are down sharply on Friday with stronger-than-expected U.S. jobs data raising concerns that the Federal Reserve will likely hold interest rates unchanged from current levels for sometime. Also, a buoyant Canadian employment reports has dimmed the prospects for further easing by the Canadian central bank for now.

RTTNews | il y a 1

U.S. Consumer Sentiment Edges Lower In January As Inflation Expectations Surge

Consumer sentiment in the U.S. has unexpectedly seen a modest deterioration in the month of January, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index edged down to 73.2 in January from 74.0 in December. Economists had expected the index to inch up to 74.5.

RTTNews | il y a 1

EURUSD	1.02441	GBPUSD	1.22097	AUDUSD	0.61461
USDJPY	157.737	USDCAD	1.44282	USDCHF	0.91664