European Shares Extend Losses On Growth Worries

RTTNews | 1038 วันที่ผ่านมา

(RTTNews) - European stocks fell sharply on Monday to extend losses from the previous session as hotter-than-expected U.S. inflation data along with news of a "ferocious" COVID-19 outbreak in Beijing's most populous district of Chaoyang sapped investors' appetite for riskier assets.

Weak UK growth data also raised concerns about the economic outlook in the region. U.K. GDP fell unexpectedly by 0.3 percent month-on-month in April, faster than the 0.1 percent drop in March, the Office for National Statistics said. This was the second consecutive contraction. GDP was forecast to grow 0.1 percent.

The pan European Stoxx 600 was down nearly 2 percent at 414.47 after plummeting 2.7 percent on Friday.

The German DAX also fell around 2 percent, France's CAC 40 index plunged 2.2 percent and the U.K.'s FTSE 100 was down 1.6 percent.

Valneva shares nosedived 25 percent after the French drug maker warned over prospects for its COVID-19 vaccine.

German wind turbine maker Nordex AG slumped 6 percent despite winning an order to supply 105 MW turbines for Krivaca, the first wind farm in eastern Serbia.

Likewise, Sanofi declined 1.4 percent despite reporting positive results from a COVID booster.

Ferrexpo lost 13 percent. The commodity trading and mining firm said the Group has recently been notified of further infrastructure damage as a result of a Russian missile strike in southwest Ukraine, which has reduced the Group's ability to use its barging operations that serve European customers.

Energy, Materials Stocks Lift Canadian Market; BoC Holds Rates

Canadian stocks are up in positive territory Wednesday morning, led by gains in energy, communications and materials sectors. Stocks from real estate and utilities sections are also doing well. Renewed worries about trade tensions weigh on sentiment, but higher commodity prices prompt investors to pick up resources stocks. Investors are also digesting the Bank of Canada's interest rate decision.

RTTNews | 1 ชม. 35 นาทีที่ผ่านมา

U.S. Business Inventories Rise In Line With Estimates In February

A report released by the Commerce Department on Wednesday showed business inventories in the U.S. increased in line with economist estimates in the month of February. The Commerce Department said business inventories rose by 0.2 percent in February after climbing by 0.3 percent in January.

RTTNews | 2 ชม. 32 นาทีที่ผ่านมา

U.S. Homebuilder Confidence Unexpectedly Inches Higher In April

The National Association of Home Builders released a report on Wednesday unexpectedly showing a slight improvement by U.S. homebuilder confidence in the month of April. The report said the NAHB/Wells Fargo Housing Market Index inched up to 40 in April after falling to 39 in March. Economists had expected the index to dip to 37.

RTTNews | 2 ชม. 43 นาทีที่ผ่านมา

U.S. Industrial Production Falls 0.3% In March As Utilities Output Plummets

Reflecting a steep drop by utilities output, the Federal Reserve released a report on Wednesday showing U.S. industrial production decreased by slightly more than expected in the month of March. The Fed said industrial production fell by 0.3 percent in March after climbing by an upwardly revised 0.8 percent in February.

RTTNews | 2 ชม. 56 นาทีที่ผ่านมา

Nvidia Sees $5.5 Bln Charge As US Restricts Chip Sales To China; Shares Down

Shares of Nvidia Corp. were losing around 6 percent in early morning trade on Wednesday on the Nasdaq, after the artificial intelligence chipmaker said that it would take $5.5 billion in charges after the U.S. government barred exports of its H20 AI chip to China, a key market.

RTTNews | 3 ชม. 8 นาทีที่ผ่านมา

Bank Of Canada Leaves Interest Rates Unchanged Amid Tariff Uncertainty

Following a series of interest rate cuts over the past several months, the Bank of Canada on Wednesday announced its widely expected decision to leave interest rates unchanged. The Bank of Canada said it decided to maintain its target for the overnight rate at 2.75 percent, with the Bank Rate at 3 percent and the deposit rate at 2.70 percent.

RTTNews | 3 ชม. 14 นาทีที่ผ่านมา

U.S. Industrial Production Falls Slightly More Than Expected In March

Reflecting a steep drop by utilities output, the Federal Reserve released a report on Wednesday showing U.S. industrial production decreased by slightly more than expected in the month of March.

RTTNews | 3 ชม. 38 นาทีที่ผ่านมา

U.S. Retail Sales Surge 1.4% In March As Auto Sales Spike

Retail sales in the U.S. saw a sharp increase in the month of March, according to a report released by the Commerce Department on Wednesday. The Commerce Department said retail sales shot up by 1.4 percent in March after inching up by 0.2 percent in February. Economists had expected retail sales to jump by 1.3 percent.

RTTNews | 3 ชม. 43 นาทีที่ผ่านมา

EURUSD	1.13746	GBPUSD	1.32324	AUDUSD	0.63839
USDJPY	142.543	USDCAD	1.38748	USDCHF	0.81577

Advertisement

European Shares Extend Losses On Growth Worries