The European stock markets closed lower in Monday trading as The Stoxx Europe 600 lost 0.19%, Germany's DAX was down 0.33%, the FTSE 100 was off 0.14%, France's CAC 40 slid 0.67%, and the Swiss Market Index declined 0.10%.
The seasonally-adjusted HCOB Flash Composite PMI Output Index, which gauges the health of European manufacturing remained unchanged at 50.2 in June from May and registered above the 50 threshold indicating expansion for a sixth straight month. However, the expansion of business activity continues to be marginal.
In the UK, the S&P Global UK Consumer Sentiment Index edged lower in June to 45.0 from 45.2 in May. The index indicated that British households are still experiencing a decline in their financial health.
And in corporate news, HSBC is weighing plans to bring more employees back to offices, a move that could raise its real estate costs by about $200 million annually, Bloomberg reported Monday, citing people familiar with the matter. HSBC did not immediately respond to MT Newswires' request for comment.
Source : MT Newswires
The Nasdaq Composite notched a perfect week of closing highs on Friday as investors took signs of weakening jobs and tame inflation to mean the Federal Reserve will lower interest rates next week. Th...
European stocks closed flat on Friday, after data showed the U.K. economic growth stalled in July. The pan-European Stoxx 600 was flat at 0.09% with no broad consensus movement among sectors and majo...
Wall Street indexes opened subdued on Friday after notching record highs in the previous session, though they remained on track to log gains in a week of economic reports that solidified expectations ...
The STOXX 50 index edged up 0.1% to 5,390 points on Friday, its highest since late August, while the broader STOXX 600 also gained 0.1% to 555 points, as a jump in US jobless claims and a modest rise ...
European stocks closed higher Thursday, as investors reacted to the latest policy decision by the European Central Bank as well as key U.S. inflation data. The DAX index in Germany climbed 0.3%, the ...
EUR/USD remains steady during the North American session on Friday, poised to end the week with modest gains of over 0.18% as traders brace for the next week's monetary policy decision by the Federal Reserve (Fed). At the time of writing, the pair...
U.S. Treasury Secretary Scott Bessent met with BlackRock Inc executive Rick Rieder in New York on Friday, as the Trump administration continued its search for a new chair for the Federal Reserve, a source familiar with the matter said. Bessent has...
Oil prices rose on Friday after a Ukrainian drone attack suspended loadings from the largest port in western Russia, but gains were capped by concerns about U.S. demand. Brent crude futures settled at $66.99 a barrel, up 62 cents, or 0.93%. U.S....
The International Monetary Fund on Thursday said the Federal Reserve has scope to lower interest rates because of the weakening U.S. labor market,...
Annual inflation in the United States (US), as measured by changes in the Consumer Price Index (CPI), rose to 2.9% in August from 2.7% in July, the...
The University of Michigan (UoM) is expected to release the preliminary reading of its monthly Consumer Confidence Index for September on Friday....
The Nasdaq Composite notched a perfect week of closing highs on Friday as investors took signs of weakening jobs and tame inflation to mean the...