European Shares Mixed Ahead Of BoE Rate Decision

RTTNews | 193日前

(RTTNews) - European stocks traded mixed on Thursday as uncertainty over Fed rate cuts deepened, and Israel forces pushed ahead with attacks on Rafah.

Traders also awaited the outcome of a Bank of England (BoE) policy meeting later in the day for further direction.

The central bank is set to hold its policy rate flat for a sixth meeting in a row, with focus likely to be on the MPC vote split, inflation outlook and Governor Andrew Bailey's comments.

The pan European STOXX 600 was marginally lower at 515.35 after rising 0.3 percent on Wednesday.

The German DAX edged up 0.3 percent, while France's CAC 40 slipped 0.1 percent and the U.K.'s FTSE 100 was little changed.

In corporate news, Spanish bank Sabadell jumped 3 percent after rival BBVA presented a 12.23 billion euro ($13.11 billion) hostile takeover offer directly to its shareholders. BBVA shares plunged 6 percent.

Italian payments group Nexi surged 6 percent after delivering better-than-expected first-quarter results and launching a share buyback program.

Oil & gas stocks traded higher as crude prices extended overnight gains on positive trade data from China. BP Plc climbed 0.8 percent and Shell added half a percent.

Oil services company John Wood Group added about 1 percent after confirming its FY24 and FY25 guidance.

ITV rallied 1.8 percent despite the broadcaster reporting a fall in first-quarter revenues.

BAE Systems rose 0.7 percent. The arms, security and aerospace company backed its FY24 outlook after delivering a strong performance so far this year.

China-related luxury goods makers traded lower in Paris despite Chinese imports surging past estimates and exports rising in line with expectations in April.

LVMH, Kering and Hermes all were down around 1 percent.

Dollar Slips Against Major Counterparts

The U.S. dollar drifted lower on Monday as bond yields fell, and the Euro gained in strength after European Central Bank Governing Council member Nagel said central banks may have to raise rates in the event of inflationary pressures rise.

RTTNews | 5時20分前

Canadian Market Modestly Higher, Looks Headed For Positive Close

The Canadian market is up in positive territory Monday afternoon with energy and materials shares recording strong gains thanks to higher commodity prices. The mood remains a bit cautious amid concerns about geopolitical tensions, and uncertainty about the Federal Reserve's monetary policy moves.

RTTNews | 7時36分前

Swiss Market Ends Marginally Up

The Switzerland market closed marginally up on Monday after spending much of the day's session in negative territory. It was a lackluster session with investors looking for directional cues and refraining from making significant moves.

RTTNews | 8時31分前

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Monday as the mood remained cautious right through the day's session amid concerns over potential impacts of U.S. President-elect Donald Trump's global economic policies, and persisting worries about the tensions in the Middle East, and the Russia - Ukraine war.

RTTNews | 9時15分前

U.S. Homebuilder Confidence Improves Much More Than Expected In November

Homebuilder confidence in the U.S. has improved by much more than anticipated in the month of November, according to a report released by the National Association of Home Builders on Monday. The report said the NAHB/Wells Fargo Housing Market Index climbed to 46 in November after rising to 43 in October. Economists had expected the index to inch up to 44.

RTTNews | 12時13分前

Spirit Airlines Files For Chapter 11 Bankruptcy Protection; Stock Drops

Spirit Airlines, Inc., amid struggles with mounting losses and debt, has filed for chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Southern District of New York. The restructuring is expected to reduce Spirit's debt and provide increased financial flexibility. In an open letter to all Spirit Guests, the company called the process a proactive step to position it...

RTTNews | 13時12分前

Bay Street Likely To Open On Positive Note

Canadian shares may open higher on Monday as energy and materials sectors are likely to attract buyers thanks to firm crude oil and metal prices. With Canadian inflation data due this week, and the Federal Reserve's upcoming policy moves remaining a bit uncertain, the mood is likely to remain somewhat cautious.

RTTNews | 14時18分前

CPI Uptick, Fed Hints Boost Dollar Again

The U.S. dollar rallied against major currencies during the week ended November 15 amidst an expected uptick in consumer price inflation in the U.S. as well as hints from Jerome Powell that the Fed was in no hurry to cut rates.

RTTNews | 14時20分前

EURUSD	1.05977	GBPUSD	1.26769	AUDUSD	0.65044
USDJPY	154.613	USDCAD	1.40167	USDCHF	0.88317