[BENGALURU] European shares ended higher on Thursday as strong earnings from British American Tobacco and a multibillion dollar merger in the financial sector helped dispel early gloom after the US Federal Reserve played down prospects for several rate cuts.
London Stock Exchange Group rose 6.5 per cent to a record high after it formally announced its US$27 billion merger with financial information firm Refinitiv, lifting Europe's financial services index 2.3 per cent and making it the top gainer. Barclays climbed 1.2 per cent after it raised its interim dividend. Asia-focused Standard Chartered was up 3.3 per cent following strong first-half profits and France's SocGen gained 5.8 per cent after it hit its solvency target a year early.
The dent to sentiment from the Fed hurt commodities markets, with a fall in iron ore, copper and oil prices pulling down shares of mining and energy majors.
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Europe: Earnings, trade optimism help shares ahead of Federal Reserve decision[BENGALURU] A slew of positive corporate earnings and optimistic signs from US-China trade talks propped up European shares on Wednesday as investors braced for what would be the US Federal Reserve's first interest rate cut in more than a decade. Read more at The Business Times.
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Europe: Earnings, trade optimism help shares ahead of Federal Reserve decision[BENGALURU] A slew of positive corporate earnings and optimistic signs from US-China trade talks propped up European shares on Wednesday as investors braced for what would be the US Federal Reserve's first interest rate cut in more than a decade. Read more at The Business Times.
مصدر: BusinessTimes - 🏆 15. / 51 اقرأ أكثر »
US: Stocks retreat as markets await Federal Reserve decision[NEW YORK] Wall Street stocks finished lower on Tuesday as the Federal Reserve opened a monetary policy meeting amid strong consumer data and more White House pressure to cut rates. Read more at The Business Times.
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US: Stocks end lower after Federal Reserve cuts interest rates, Dow -1.2%[NEW YORK] Wall Street stocks finished decisively lower on Wednesday after the Federal Reserve cut interest rates but offered mixed signs on what the move meant for future monetary policy. Read more at The Business Times.
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