European Shares Inch Higher As Cisco Earnings Beat Estimates

RTTNews | 120 days ago

(RTTNews) - European stocks traded higher on Thursday as U.S.-China talks got underway and official data showed the U.K. economy grew at a faster pace in the first quarter, driven by contribution from all three sectors.

U.K. GDP increased 0.6 percent sequentially, following the fourth quarter's 0.2 percent expansion. GDP grew at a pace of 0.3 percent in March alone, while economists had forecast a contraction of 0.1 percent.

In 2025 as a whole, GDP advanced 1.4 percent compared to 1.0 percent growth in 2024. The pan-European STOXX 600 rose 0.4 percent to 613.93 after gaining 0.8 percent on Wednesday.

The German DAX surged 1.2 percent, France's CAC 40 gained half a percent and the U.K.'s FTSE 100 was up 0.2 percent.

Tech stocks traded higher, with Infineon, ASM International and STMicroelectronics rising 1-3 percent after American technology company Cisco delivered stronger-than-expected quarterly revenue and profit.

Burberry Group shares slumped 5 percent. The British fashion house posted a 2 percent decline in full-year reported revenue despite profitability recovering markedly.

Specialist media group Future Plc soared 7 percent after reporting strong cash generation in the first half and maintaining its full-year guidance.

Mr Kipling owner Premier Foods rallied 2.8 percent after surpassing annual profit expectations and raising dividend.

Land Securities advanced 2.5 percent. The property company forecast further growth in rents after reporting full-year earnings in line with consensus.

Utility giant National Grid added 2.5 percent after posting higher FY26 earnings.

Spanish telecommunications company Telefonica soared 6 percent after narrowing its Q1 loss and confirming FY26 guidance.

U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of September. The University of Michigan said its consumer sentiment index slumped to 47.8 in September after tumbling to 51.7 in August. Economists had expected the index to edge down to 51.0.

RTTNews | 3h 13min ago

CPSC Recalls: 2.3 Mln Candy Bottles, Motorcycles, Dressers, Dual Fuel Ranges, Fire Spray Canisters

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including more than 2.3 million sour crush candy bottles, motorcycles, six-drawer dressers, dual fuel ranges, hair dryer brushes, and fire spray canisters, among others. In most of the recalls, consumers are urged to immediately stop using the recalled product, and contact the respective firm for either a free repair

RTTNews | 3h 21min ago

U.S. Consumer Price Growth Matches Estimates, Core Prices Rise Slightly More Than Expected

A closely watched report released by the Labor Department on Friday showed consumer prices in the U.S. increased in line with economist estimates in the month of August, although core prices rose by slightly more than expected. The Labor Department said its consumer price index climbed by 0.4 percent in August after inching up by 0.1 percent in July.

RTTNews | 4h 1min ago

U.S. Consumer Prices Increase In Line With Estimates In August

A closely watched report released by the Labor Department on Friday showed consumer prices in the U.S. increased in line with economist estimates in the month of August.

RTTNews | 5h 3min ago

IEA Cuts Oil Demand Forecast; Canadian Markets Eye Recovery

Canadian stocks may open with positive bias Friday as oil prices decline following the International Energy Agency's downward revision of global oil demand. Investors seek bargains after six consecutive days of losses. U.S. consumer price data could impact sentiment.

RTTNews | 5h 12min ago

Canadian Dollar Falls As Oil Prices Edge Lower

The Canadian dollar weakened against other major currencies in the European session on Friday, as the crude oil prices traded lower amid escalating U.S.-Iran tensions and concerns over prolonged disruption to global energy supplies.

RTTNews | 5h 27min ago

Kroger Q2 Profit Rises, Backs FY26 Adj. Earnings View, Cuts Sales Growth Forecast; Stock Drops

Supermarket chain Kroger Co. reported Friday higher profit and sales in its second quarter, while Identical Sales growth was slower than the prior year. Further, the firm maintained adjusted earnings outlook for fiscal 2026, but trimmed growth view for identical sales without fuel. In the pre-market activity on the NYSE, the shares were losing around 2.62 percent.

RTTNews | 5h 59min ago

UK Stocks Rise On GDP Growth, Oil Price Decline

UK stocks advanced Friday as July GDP growth of 0.4% beat expectations and oil prices tumbled following downward IEA demand revisions. The FTSE 100 reached 10,674.52, up 0.61% despite ongoing US-Iran concerns.

RTTNews | 6h 12min ago

EURUSD	1.15994	GBPUSD	1.35238
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