European Shares Subdued On Inflation Woes

RTTNews | Pred 34 dňami

(RTTNews) - European stocks were slightly lower on Wednesday as investors digested mixed earnings results and braced for the upcoming U.K. autumn budget.

The dollar was on the rise again and U.S. Treasury yields hovered near three-month highs as traders pondered the prospect of a Donald Trump presidency.

It is feared that Trump policies including tariffs and restrictions on undocumented immigration could increase inflation and keep interest rates relatively high for a longer-than-anticipated period.

The pan-European STOXX 600 was down 0.1 percent at 519.68 after falling 0.2 percent on Tuesday.

The German DAX was marginally lower, France's CAC 40 slipped 0.3 percent and the U.K.'s FTSE 100 was down 0.2 percent.

British lender Lloyds rose about 1 percent after Q3 profit beat expectations.

Reckitt Benckiser rallied nearly 3 percent as the consumer goods company reported a smaller than expected fall in third-quarter underlying sales.

Barratt Redrow jumped 3 percent. The homebuilder said it is encouraged by solid trading in recent weeks amid more stable market conditions.

Precious metals miner Fresnillo rose 1.2 percent after a solid third-quarter output performance.

Advertising group WPP gained 3.3 percent as it reported a better-than-expected 0.5 percent rise in like-for-like organic revenue in the third quarter.

L'Oreal tumbled 3.4 percent after the French cosmetics giant reported a rise in third quarter sales that missed expectations due to low consumer confidence in China.

Thales gave up 1.7 percent despite reporting higher sales and orders in the first nine months of the year.

Air Liquide dropped 1.4 percent. The industrial gases supplier delivered third-quarter revenue in line with market expectations.

Ipsen declined 1 percent. The global specialty-care biopharmaceutical company reported strong sales momentum in the first nine months of 2024.

Deutsche Bank fell 3.2 percent after the German lender returned to profit in the third quarter but flagged credit risks.

Atoss Software rose 1.2 percent after reporting higher Q3 profit and lifting its FY24 margin view.

Fed Officials Favor Gradual Interest Rate Cuts, Minutes Show

Federal Reserve officials believe it will be appropriate to "gradually" lower interest rates, according to the minutes of the central bank's latest monetary policy meeting. The minutes said officials feel a gradual approach to lowering rates to a more neutral stance will be appropriate if economic data come in "about as expected."

RTTNews | Pred 6 h 55 min

Japanese Yen Advances Amid Concerns About Trump's Tariff Threats

The Japanese yen strengthened against other major currencies in the New York session on Tuesday, as U.S. President-elect Donald Trump pledged to impose tariffs on all imports from Mexico, Canada and China on his first day in office, raising fears of a renewed trade war.

RTTNews | Pred 7 h 23 min

Swiss Market Ends On Weak Note

After early weakness, the Switzerland market briefly moved above the flat line around mid afternoon on Tuesday, but retreated soon and finally ended the day's session with a moderate loss. The mood was a bit bearish after U.S. President-elect Donald Trump stated on social media that he would impose tariffs on all imports from Mexico, Canada and Chin

RTTNews | Pred 8 h 1 min

European Stocks Close Lower As Trade War Fears Resurface

European stocks closed weak on Tuesday as trade war fears resurfaced after U.S. President-elect Donald Trump pledged to impose tariffs on all imports from Mexico, Canada and China immediately after taking office in January 2025.

RTTNews | Pred 8 h 24 min

U.S. Consumer Confidence Continues To Improve In November

After reporting a significant rebound by U.S. consumer confidence in the previous month, the Conference Board released a report on Tuesday showing consumer confidence continued to improve in November. The Conference Board said its consumer confidence index rose to 111.7 in November after surging to an upwardly revised 109.6 in October.

RTTNews | Pred 10 h 51 min

U.S. New Home Sales Pull Back Much More Than Expected In October

A report released by the Commerce Department on Tuesday showed a substantial pullback by new home sales in the U.S. in the month of October. The Commerce Department said new home sales saw a 17.3 percent nosedive to an annual rate of 610,000 in October after spiking by 7.0 percent to a rate of 738,000 in September. Economists had expected new home sales to decrease to a rate of 730,000.

RTTNews | Pred 10 h 54 min

Intel To Get $7.865 Bln Govt. Grant For US Semiconductor Projects

The U.S. government has offered Intel Corp. up to $7.865 billion in direct funding for its commercial semiconductor manufacturing projects, which is expected to create thousands of jobs. The latest award, together with a 25% investment tax credit which the firm plans to claim, would support the chip maker's plans to invest more than $100 billion in the U.S.

RTTNews | Pred 12 h 3 min

Bay Street Likely To Open Higher On Firm Commodities, But Trade War Fears May Weigh

It's likely to be a positive start for Canadian stocks on Tuesday as higher crude oil and gold prices are likely to trigger some buying in energy and metal sectors. However, fears of a renewed trade war following U.S. President-elect Donald Trump pledging to impose tariffs on all imports from Mexico, Canada and China, may hurt sentiment and limit market's upside.

RTTNews | Pred 13 h 37 min

EURUSD	1.04898	GBPUSD	1.25681	AUDUSD	0.64674
USDJPY	153.024	USDCAD	1.40565	USDCHF	0.88646