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
Tested EN...
Asian stock markets weakened for the second consecutive day, indicating that the initial rally that had been "speedy" at the start of the year is starting to lose steam. At the same time, US governmen...
US stocks were mixed on Wednesday as investors weighed uneven economic data against expectations for eventual Federal Reserve easing, with the S&P 500 easing 0.2% and the Dow Jones sliding 0.8% fr...
European stocks were in mixed territory on Wednesday morning, as regional market jitters grow over U.S. President Donald Trump's threat to annex Greenland. The pan-European Stoxx 600 was little chang...
Asian stock markets weakened slightly on Wednesday after posting their best start to the year in history. The decline was driven by a decline in Japanese stocks amid escalating tensions with China. Th...
Oil prices stabilized on Thursday (February 12th), as the market reassigned a risk premium to US-Iran tensions despite US inventory data showing swelling domestic supplies. This movement confirms one thing: geopolitical headlines are still more...
Gold prices weakened slightly on Thursday (February 12th), as more solid US employment data reduced market confidence in an imminent Federal Reserve interest rate cut. The strong employment data prompted market participants to shift expectations of...
The Hang Seng Index reversed its downward trend in Hong Kong on Thursday (February 12th), weakening by around 0.9% to around 27,000 after a strong session earlier. This decline halted the momentum of the short term rally, as investors began to...