European Stocks Pare Early Gains, Turning In Mixed Performance

RTTNews | 689 gün önce

(RTTNews) - After a firm start, European stocks are turning in a mixed performance on Monday as the mood has turned somewhat cautious with investors awaiting more earnings and economic updates from the U.S. for more clarity about the state of the world's largest economy.

Dovish comments from Bank of Japan's Governor and the People's Bank of China, and optimism about Chinese economy lifted sentiment early on in the session, but some of the major markets have retreated after scaling fresh multi-month and multi-year highs.

The Chinese economy is expected to have grown 4% in the first quarter versus 2.9% earlier. Industrial production in March is seen rising to 4% from 2.4% in the previous period.

The U.K.'s FTSE 100, which climbed to 7,916.67, is up 18.20 points or 0.23% at 7,890.11. France's CAC 40, which hit a fresh high at 7,552.00, has dropped to 7,512.91, down 6.70 points or about 0.1% from the previous close. Germany's DAX is down 10.95 points or 0.07% at 15,796.55, well off an early high of 15,903.25.

The pan European Stoxx 600 is roughly flat at 467.14, easing from an early high of 468.95.

In the UK market, Royal Mail is up 5%. EasyJet is climbing 4% and IAG is up by 2.3%.

Just Eat Takeaway.com, BP, Coca-Cola, RightMove, DS Smith, Compass Group, Rio Tinto, Smurfit Kappa Group, Tesco, BT Group, Informa and Vodafone are gaining 1.3 to 2%.

Melrose Industries is declining 2.5%. Barclays, Prudential, Schrodders, HSBC Holdings and Natwest Group are also down with notable losses.

In the German market, RWE, MTU Aero Engines, Merck, Brenntag, Sartorius and Henkel are gaining 1 to 1.6%.

CommerzBank, Deutsche Bank, Munich RE, Hannover Rueck, Fresenius Medical Care, Adidas, Mercedes-Benz, BMW and Siemens Energy are down 1 to 2%.

In Paris, WorldLine is gaining about 3.4%. Publicis Groupe, Safran, Teleperformance, Endie and TotalEnergies are up 1 to 1.5%.

Renault is down 1.4%. The company, which reported a 9% surge in sales in the first quarter, announced that it is reviewing its pricing policies of electric cars worldwide after Tesla cut prices to boost demand.

Capgemini, Societe Generale, LVMH, Essilor, BNP Paribas and AXA are down 1 to 4%.

ECB Lowers Rates, EZ Growth Outlook Amid Rising Uncertainty; Signals Pause Ahead

The European Central Bank cut its key interest rates for the fifth policy session in a row and also lowered the growth forecast for the euro area mainly due to prospects of weak exports and investment in the backdrop of high trade uncertainty amid the tariffs war, and signaled a pause in the easing cycle as policy is now deemed less restrictive.

RTTNews | 6s 19 dakika önce

U.S. Wholesale Inventories Climb Slightly More Than Expected In January

A report released by the Commerce Department on Thursday showed wholesale inventories in the U.S. increased by slightly more than expected in the month of January. The Commerce Department said wholesale inventories climbed by 0.8 percent in January after falling by a revised 0.4 percent in February.

RTTNews | 6s 50 dakika önce

U.S. Labor Productivity Jumps More Than Previously Estimated In Q4

Labor productivity in the U.S. grew by more than previously estimated in the fourth quarter of 2024, according to a report released by the Labor Department on Thursday. The report said labor productivity shot up by 1.5 percent in the fourth quarter compared to the previously reported 1.2 percent jump. Economists had expected the increase in labor productivity to be unrevised.

RTTNews | 7s 18 dakika önce

U.S. Jobless Claims Dip More Than Expected To 221,000

With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits fell by more than expected in the week ended March 1st. The report said initial jobless claims dipped to 221,000, a decrease of 21,000 from the previous week's unrevised level of 242,000

RTTNews | 7s 22 dakika önce

U.S. Trade Deficit Soars To Record High In January

Reflecting a spike by the value of imports, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened by more than expected in the month of January. The Commerce Department said the trade deficit surged to a record high of $131.4 billion in January from a revised $98.1 billion in December.

RTTNews | 7s 32 dakika önce