European Shares Gain Before ECB Verdict

RTTNews | Pred 41 dňami

(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.

U.S. Pending Home Sales Unexpectedly Increase In October

The National Association of Realtors released a report on Wednesday unexpectedly showing a continued increase by U.S. pending home sales in the month of October. NAR said its pending home sales index jumped by 2.0 percent to 77.4 in October after soaring by 7.5 percent to an upwardly revised 75.9 in September. Economists had expected pending home sales to pull back by 1.3 percent.

RTTNews | Pred 5 h 58 min

U.S. Consumer Price Growth Matches Estimates In October

A closely watched report released by the Commerce Department on Wednesday showed consumer prices in the U.S. increased in line with expectations in the month of October. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in October, matching the uptick seen in September as well as economist estimates.

RTTNews | Pred 6 h 1 min

Chicago Business Barometer Unexpectedly Edges Lower In November

A report released by MNI Indicators on Wednesday showed an unexpected decreased by its reading on Chicago-area business activity in the month of November. MNI Indicators said its Chicago business barometer slipped to 40.2 in November from 41.6 in October, with a reading below 50 indicating contraction. Economists had expected the Chicago business barometer to rise to 44.7.

RTTNews | Pred 6 h 18 min

U.S. Economic Growth Unrevised At 2.8% In Third Quarter

The jump by U.S. economic activity in the third quarter was unrevised compared to the previous estimate, according to a report released by the Commerce Department on Wednesday. The Commerce Department said gross domestic product surged by 2.8 percent in the third quarter, unchanged versus the "advance" estimate issued last month.

RTTNews | Pred 6 h 32 min

U.S. Durable Goods Orders Rise 0.2% In October, Less Than Expected

The Commerce Department released a report on Wednesday showing new orders for U.S. manufactured durable goods increased by less than expected in the month of October. The report said durable goods orders crept up by 0.2 in October after falling by a revised 0.4 percent in September. Economists had expected durable goods orders to climb by 0.5 percent.

RTTNews | Pred 6 h 35 min

U.S. Consumer Prices Rise In Line With Estimates In October

A closely watched report released by the Commerce Department on Wednesday showed consumer prices in the U.S. increased in line with estimates in the month of October.

RTTNews | Pred 6 h 37 min

U.S. Weekly Jobless Claims Unexpectedly Edge Lower Once Again

A report released by the Labor Department on Wednesday showed first-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended November 23rd. The Labor Department said initial jobless claims dipped to 213,000, a decrease of 2,000 from the previous week's revised level of 215,000. Economists had expected jobless claims to rise to 217,000.

RTTNews | Pred 7 h 1 min

U.S. Q3 GDP Growth Unrevised At 2.8%

The jump by U.S. economic activity in the third quarter was unrevised compared to the previous estimate, according to a report released by the Commerce Department on Wednesday.

RTTNews | Pred 8 h 15 min

EURUSD	1.0578	GBPUSD	1.26795	AUDUSD	0.6493
USDJPY	150.701	USDCAD	1.40208	USDCHF	0.88048