European Shares Mostly Lower On US Inflation Concerns

RTTNews | 14 days ago
European Shares Mostly Lower On US Inflation Concerns

(RTTNews) - European stocks were mostly lower on Thursday as lingering geopolitical tension as well as uncertainty surrounding the Federal Reserve's rate outlook overshadowed upbeat earnings results and guidance from Nvidia.

After firmer-than-expected U.S. inflation data kept expectations for a Fed rate hike by year-end live, investors now await Fed Chair Kevin Warsh's Jackson Hole speech for further direction.

The pan-European STOXX 600 dipped 0.4 percent to 653.76 after ending little changed on Wednesday.

The German DAX edged up 0.2 percent after a survey showed German consumer confidence is set to improve in September, driven by income expectations and willingness to save.

The forward-looking GfK consumer sentiment index rose to -26.6 in September from -29.4 in August.

France's CAC 40 and the U.K.'s FTSE 100 both fell around 0.8 percent.

In corporate news, Pernod Ricard shares slumped 5 percent. The French spirits and wine group reported a 3.9 percent drop in annual sales for fiscal 2026, citing weak demand in China and the United States.

Swedish medical technology company Elekta tumbled 5.3 percent after reporting weaker-than-expected first-quarter sales.

Belgian insurer Ageas fell about 1 percent after the combined ratio deteriorated to 95.2 percent in the first half of 2026 from 92.1 percent a year ago due to weather-related claims in Europe.

Halfords Group soared 9.5 percent after the British bicycles and car parts retailer forecast 2027 profit ahead of market expectations.

Betting firm Plus500 gained 1 percent after launching a new $100 million share buyback.

Insurer Prudential declined 2.4 percent after reporting a slowdown in new business profit growth.

read more
Australian Market Extends Early Strong Losses In Mid-market

Australian Market Extends Early Strong Losses In Mid-market

The Australian stock market is extending its early strong losses in mid-market moves on Friday, adding to the losses in the previous three sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,700 level, with weakness in mining and technology stocks partially offset by gains in financial and energy stocks.
RTTNews | 28 minutes ago
Asian Markets Sink Amid Inflationary Risks

Asian Markets Sink Amid Inflationary Risks

Asian markets are mostly lower on Friday, following the negative cues from Wall Street overnight, as crude oil soars past $100 a barrel for the first time since May amid concerns of a prolonged war between the U.S. and Iran. Surging crude oil prices and treasury yields have added to concerns about inflation risks and the outlook for interest rates ahead of the US Fed's monetary policy meeting.
RTTNews | 47 minutes ago
Losing Streak May Continue For Thai Stock Market

Losing Streak May Continue For Thai Stock Market

The Thai stock market has moved lower in back-to-back sessions, sinking more than 5 points or 0.3 percent along the way. The Stock Exchange of Thailand now sits just above the 1,615-point plateau and it's tipped to open under water again on Friday.
RTTNews | 1h 55min ago
Japanese Market Sharply Lower

Japanese Market Sharply Lower

The Japanese market is trading sharply lower on Friday, reversing the gains in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 63,550 level, with weakness in index heavyweights, exporters and technology stocks partially offset by gains in automakers.
RTTNews | 2h 18min ago
Indonesia Stock Market Tipped To Open In The Red

Indonesia Stock Market Tipped To Open In The Red

The Indonesia stock market has finished lower in two straight sessions, surrendering almost 100 points or 1.4 percent in that span. The Jakarta Composite Index now rests just beneath the 6,590-point plateau and it may continued selling pressure on Friday.
RTTNews | 2h 25min ago
No Help Yet For Hong Kong Stock Market

No Help Yet For Hong Kong Stock Market

The Hong Kong stock market has moved lower in three straight sessions, sliding more than 650 points or 2.6 percent along the way. The Hang Seg Index now sits just above the 24,950-point plateau and it's likely to extend its losses on Friday.
RTTNews | 2h 40min ago
Australian Market Sharply Lower

Australian Market Sharply Lower

The Australian stock market is trading sharply lower on Friday, extending the losses in the previous three sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,750 level, with weakness in mining and technology stocks partially offset by gains in financial and energy stocks.
RTTNews | 2h 47min ago