European Shares Subdued Ahead Of ECB, BOE Rate Decisions

RTTNews | 134 days ago

(RTTNews) - European stocks were subdued near three-week lows on Thursday as investors watched the latest developments in the Middle East and awaited policy updates from the European Central Bank and the Bank of England.

Alphabet, Amazon, Meta Platforms and Microsoft all beat earnings expectations, but there was some concern over Meta's AI spending spree.

In economic news, German retail sales figures for March and French GDP data for the first quarter disappointed investors.

Eurozone inflation accelerated to 3.0 percent year-on-year in April, up from 2.6 percent in the prior month and matching estimates.

Brent crude futures for June delivery hovered near $122 a barrel following reports that the U.S Central Command has prepared plans for a "short and powerful" wave of strikes on Iran.

The pan-European STOXX 600 dropped 0.2 percent to 601.64 after falling 0.6 percent in the previous session.

The German DAX dipped 0.3 percent and France's CAC 40 tumbled 1.3 percent while the U.K.'s FTSE 100 was up 0.7 percent, driven by gains in energy stocks such as BP Plc and Shell.

German sportswear provider Puma rallied 2.8 percent after replacing its chief financial officer.

Online takeaway food company Delivery Hero jumped 6 percent after posting higher first-quarter growth in its gross merchandize value.

Glencore shares rose nearly 2 percent. The commodity trader maintained its 2026 production outlook after reporting first-quarter production broadly in line with expectations.

Consumer goods major Unilever added 1.3 percent after launching a €1.5 billion share buyback.

Lender Standard Chartered advanced 1.6 percent after posting record first-quarter earnings.

Homebuilder Persimmon climbed 2.1 percent after keeping its 2026 delivery and profit targets steady.

Rolls-Royce Holdings surged 6 percent. The engineering company said it was confident on meeting annual forecasts despite the disruption caused by the Middle East conflict.

Netherlands-headquartered consulting and engineering firm Arcadis soared 11.5 percent after Q1 results beat forecasts.

Airline conglomerate Air France-KLM gained 1 percent in Paris after narrowing its Q1 loss.

Lender Credit Agricole plunged 6.4 percent after Q1 earnings came in below estimates. Peers BNP Paribas tumbled 5.2 percent and Societe Generale declined 6.5 percent after announcing their quarterly results.

Technip Energies slumped 8.6 percent. The engineering group slashed its full-year outlook, citing disruption from the Middle East war.

U.S. Dollar Ticks Higher Amid Inflation Data Release, Expectations Of Reopening Of Strait Of Hormuz

The U.S. Dollar value inched higher as investors weighed today's inflation data that pushed the odds for a rate hike in the U.S. higher against reports of an upcoming meeting between the Gulf Cooperation Council nations and Iran to hasten the reopening of the Strait of Hormuz.

RTTNews | 1h 1min ago

TSX Climbs On Tech Rally, Looks Set To End 6-day Losing Streak

The S&P/TSX Composite Index rose 0.36% Friday to 35,634.50 as technology stocks surged 3.5%, contributing significantly to gains. Oil prices fell following International Energy Agency's downward global oil demand forecast revision.

RTTNews | 3h 18min ago

Swiss Market Ends Modestly Higher

The Switzerland stock market closed modestly higher on Friday, in line with markets across Europe, as a sharp drop in oil prices helped lift sentiment.

RTTNews | 3h 51min ago

European Markets Rise As Oil Prices Fall On IEA Demand Cut

European markets gained ground Friday after the International Energy Agency cut its global oil demand forecast, sending Brent crude futures down 3.5% to $103.50. The IEA now projects world oil demand will drop 2.5 million barrels per day this year versus its prior estimate of 1.6 million bpd.

RTTNews | 4h 14min ago

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 | 7h 35min 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 | 7h 44min 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 | 8h 24min 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 | 9h 26min ago

EURUSD	1.1598	GBPUSD	1.3518
USDJPY	153.62	USDCAD	1.387