European Shares Tumble On Inflation Concerns

RTTNews | 119 days ago

(RTTNews) - European shares were sharply lower on Friday, with inflation concerns and disappointment over U.S.-China trade talks keeping investors on edge.

After wrapping up his three-day visit to China, U.S. President Donald Trump said he will not be much more patient with Tehran.

Hormuz concerns persist despite Iran's Revolutionary Guards claiming around 30 vessels had crossed the strait since Wednesday evening.

The pan-European STOXX 600 tumbled 1.30 percent to 608.03 after climbing 0.8 percent on Thursday.

The German DAX slumped 1.7 percent, while France's CAC 40 and the U.K.'s FTSE 100 both fell by 1.3 percent.

Banks were broadly lower, with Commerzbank, Deutsche Bank, BNP Paribas and Lloyds Banking Group falling 1-3 percent.

Energy giant BP Plc gained 1.4 percent and Shell added 0.6 percent as Brent crude prices jumped to $107 a barrel amid rising tensions near Strait of Hormuz. In a lengthy Truth Social post, U.S. President Donald Trump suggested he may resume the war against Iran after he returns from his trip to China.

LVMH shares fell 1.3 percent. The French luxury giant said it has signed a definitive agreement to sell the Marc Jacobs brand to WHP Global.

German telecommunications and web content provider Freenet gained nearly 1 percent after posting better-than-expected results for the first quarter of 2026.

Unite Group declined 1.3 percent. The British student accommodation landlord reiterated its adjusted EPS guidance for full year 2026.

Centrica tumbled 3.1 percent. The British Gas owner has agreed to pay 20 million pounds into a redress fund following an investigation into its past prepayment meter installation practices.

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 | 2h 56min 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 4min 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 | 3h 45min 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 | 4h 46min 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 | 4h 55min 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 10min 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 42min 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 | 5h 55min ago

EURUSD	1.15995	GBPUSD	1.35221
USDJPY	153.689	USDCAD	1.38612