European Shares Flat To Higher As Energy Stocks Rally On Middle East Tensions

RTTNews | 16 dagar sedan
European Shares Flat To Higher As Energy Stocks Rally On Middle East Tensions

(RTTNews) - European stocks were flat to slightly higher on Wednesday, with energy stocks leading the surge as oil extended an overnight rally on concerns that Middle East tensions could escalate and potentially disrupt crude output from the region.

In economic news, Eurozone's unemployment rate came in unchanged at 6.4 percent in August, matching expectations.

The pan European STOXX 600 was up 0.2 percent at 521.68 after falling 0.4 percent on Tuesday.

The German DAX was marginally lower while France's CAC 40 rose 0.4 percent and the U.K.'s FTSE 100 edged up 0.1 percent.

Energy giant BP Plc and peer Shell both jumped around 2.5 percent in London.

TotalEnergies rallied 3.2 percent in Paris. The company has announced the final investment decision for the GranMorgu development located on offshore Block 58 in the Republic of Suriname with total investment of around $10.5 billion.

JD Sports slumped 5 percent despite the British sportswear retail chain reporting record sales in the 26 weeks to August and reaffirming its FY25 guidance.

Wizz Air Holdings plummeted 6 percent after the airline reported a drop in load factors over the course of September.

Telia fell about 1 percent. The Swedish telecommunications operator has announced the appointment of Alexandra Furst as its Chief Technology and Information Officer (CTIO).

Skanska AB rose about half a percent. The construction company has secured a supplemental award with an existing client to build additional data halls at a data center in Georgia, USA.

GEA Group shares climbed 2.8 percent. The German technology supplier for food processing and a wide range of other industries on its capital markets day said it achieved its mid-term financial goals of Mission 26 growth strategy ahead of 2 years.

read more
European Shares Mixed As Investors Look To UK Budget

European Shares Mixed As Investors Look To UK Budget

European shares were mixed on Friday, a day after the European Central Bank (ECB) cut its deposit rate by 25 basis points to 3.25 percent, citing sluggish economic growth and easing inflation.
RTTNews | 4h 46minuter sedan
Pound Surges As U.K. Retail Sales Rise Unexpectedly

Pound Surges As U.K. Retail Sales Rise Unexpectedly

The British pound strengthened against other major currencies in the European session on Friday, after data showed that U.K. retail sales logged an unexpected growth in September on higher sales of technology products.
RTTNews | 4h 55minuter sedan
FTSE 100 Slips Into Red On Budget Fears

FTSE 100 Slips Into Red On Budget Fears

U.K. stocks were moving lower on Friday and the pound euro (GBP/EUR) exchange rate held near a two-and-a-half year high after data showed U.K. retail sales logged an unexpected growth in September on higher sales of technology products.
RTTNews | 4h 59minuter sedan
Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Friday.
RTTNews | 5h 8minuter sedan
DAX Edges Higher In Cautious Trade

DAX Edges Higher In Cautious Trade

German stocks traded slightly higher on Friday, a day after the European Central Bank (ECB) cut its deposit rate by 25 basis points to 3.25 percent, citing sluggish economic growth and easing inflation.
RTTNews | 5h 23minuter sedan
Australian Dollar Rises After China GDP Data

Australian Dollar Rises After China GDP Data

The Australian dollar strengthened against other major currencies in the Asian session on Friday, after China's economy grew at the slowest pace in more than a year in the third quarter.
RTTNews | 6h 21minuter sedan