2022-11-25 09:36:16

European Shares Mixed As Euro Extends Gains On Hawkish ECB Comments

Logo RTTNews
RTTNews
By Rtt News Staff Writer

European stocks traded mixed on Friday, a day after the minutes of the European Central Bank meeting struck a hawkish tone indicating that rates would need to rise further to curb inflation.

The euro rose for the fourth straight day against the dollar after ECB's Executive Board member Isabel Schnabel said that incoming data so far suggest that the room for slowing down the pace of rate adjustments remains limited.

Investors also fretted about rising COVID-19 cases in China, with the country logging a record high increase in daily infections.

The pan European STOXX 600 was down 0.2 percent at 440.11 after rising half a percent to hit a fresh three-month high on Thursday on signs that the U.S. Federal Reserve could temper its pace of rate hikes.

The German DAX slipped 0.1 percent and France's CAC 40 index was marginally lower while the U.K.'s FTSE 100 inched up 0.2 percent.

Continue read on rttnews.com

Logo RTTNews
EconomyBy Rtt News Staff Writer2022-11-24 09:48:35
European stocks advanced on Thursday as relatively dovish signals from the Federal Reserve helped traders look past concerns over China, with the daily COVID...

Logo Nasdaq
Business / FinanceBy Rtt News2022-11-24 09:48:35
(RTTNews) - European stocks advanced on Thursday as relatively dovish signals from the Federal Reserve helped traders look past concerns over China, with the...

Logo RTTNews
EconomyBy Rtt News Staff Writer2022-11-25 05:33:48
European stocks may open on a cautious note Friday as investors weigh easing rate hike worries against a worsening COVID situation in China. China reported...

Logo Nasdaq
Business / FinanceBy Rtt News2022-11-25 05:33:48
(RTTNews) - European stocks may open on a cautious note Friday as investors weigh easing rate hike worries against a worsening COVID situation in China....

Logo Nasdaq
Business / FinanceBy Rtt News2022-11-24 05:37:31
(RTTNews) - European stocks may open a tad higher on Thursday as investors react to dovish Fed minutes released overnight. Trading activity, however, is...

Logo RTTNews
EconomyBy Rtt News Staff Writer2022-11-24 05:37:31
European stocks may open a tad higher on Thursday as investors react to dovish Fed minutes released overnight. Trading activity, however, is likely to be...

Logo RTTNews
EconomyBy Rtt News Staff Writer2022-11-24 17:53:29
European stocks closed higher on Thursday with several key indices from the region rising to multi-month highs, thanks to positive reaction to the Federal...

Logo Nasdaq
Business / FinanceBy Rtt News2022-11-25 08:41:10
(RTTNews) - Asian stocks slipped on Friday but posted weekly gains on optimism over a less hawkish Fed. A cautious undertone prevailed amid concerns over...

Logo U.S. News & World Report
PoliticsBy Associated Press2022-11-25 07:01:50
By YURI KAGEYAMA, AP Business Writer TOKYO (AP) Asian shares were mixed Friday as worries deepened about the regional economy and Japan reported...

Logo Nasdaq
Business / FinanceBy Rtt News2022-11-25 09:06:38
(RTTNews) - French stocks were marginally lower on Friday as trading resumes on Wall Street later in the day after a holiday the previous day for...

Logo RTTNews
EconomyBy Rtt News Staff Writer2022-11-25 09:06:38
French stocks were marginally lower on Friday as trading resumes on Wall Street later in the day after a holiday the previous day for Thanksgiving. The...

Logo RTTNews
EconomyBy Rtt News Staff Writer2022-11-25 08:41:10
Asian stocks slipped on Friday but posted weekly gains on optimism over a less hawkish Fed. A cautious undertone prevailed amid concerns over record-high...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-24 10:13:00
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide HONG KONG:...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-24 02:35:31
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide SYDNEY : Asian...

Logo RTTNews
EconomyBy Rtt News Staff Writer2022-11-22 09:43:11
European stocks traded mostly higher on Tuesday, with U.K. stocks outperforming as oil and mining stocks rebounded after suffering heavy losses in the...

Logo RTTNews
EconomyBy Rtt News Staff Writer2022-11-25 08:57:26
German stocks were subdued on Friday due to the Thanksgiving holiday in the United States. The U.S. markets will close early as trading resumes later in the...

Logo RTTNews
EconomyBy Rtt News Staff Writer2022-11-24 08:56:01
German stocks eked out modest gains on Thursday after minutes from the Federal Reserve's November meeting signaled a slowdown in future rate hikes. According...

Logo Nasdaq
Business / FinanceBy Rtt News2022-11-24 08:56:01
(RTTNews) - German stocks eked out modest gains on Thursday after minutes from the Federal Reserve's November meeting signaled a slowdown in future rate...

Logo RTTNews
EconomyBy Rtt News Staff Writer2022-11-23 17:31:20
European stocks closed higher on Wednesday, with investors digesting the latest batch of economic data from the region and looking ahead to the minutes of...

Logo RTTNews
EconomyBy Rtt News Staff Writer2022-11-25 03:30:35
Asian stock markets are trading mostly lower on Friday, despite the broadly positive cues from European markets overnight, as traders largely refrained from...