European shares slipped on Thursday, as gains in mining stocks and fourth-quarter earnings optimism were outweighed by a decline in defensive and technology stocks amid persisting worries around inflation and interest rate hikes. The pan-European STOXX 600 skid 0.3% after positive trading updates and commodity prices helped spark a rebound in shares in its previous session.
* Richemont, Burberry (BBRYF) up on strong Q3 sales. * Euro zone to see hotter inflation through 2022: poll. * STOXX 600 Q4 earnings expected to rise 48.6% By Anisha Sircar and Ambar Warrick. European shares ended higher on Wednesday as positive earnings from the luxury goods sector and strong commodity prices helped investors momentarily look past concerns over rising interest rates.
The head of Japan's main steel industry lobby said on Tuesday the European Union's decision to extend anti-dumping measures on electrical steel from Japan was inappropriate and it would consider taking action.
The Peruvian economy grew by 3.47% year-on-year in November, the lowest rate since March, the government said on Saturday, citing an advance in consumption that was offset by a drop in the country's key mining sector beset by environmental protests.
Nickel prices in Shanghai leapt to a
record high on Wednesday fuelled by declining inventories amid
expectations of strong demand growth from the electric vehicle
sector.
* Jan manufacturers' sentiment index +17 vs Dec +22. * Service sector index +8 in Jan vs +6 in Dec. * Manufacturers' mood seen rising ahead. By Daniel Leussink. Japanese manufacturers turned less positive about their business conditions in January, in a sign the economy faces pressure from the Omicron variant as well as rising energy and raw material costs, the Reuters Tankan poll showed.
Nickel prices held near their
highest in more than two months on Monday boosted by demand from
the electric vehicle battery sector lowering stocks held in
London Metal Exchange (LME) approved ...
Canada's main stock index rose on Wednesday, aided by energy and mining stocks, with investors watching out for the minutes of the Federal Reserve's latest meeting amid growing concerns about a tighter U.S. monetary policy. At 9:34 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 36.11 points, or 0.17%, at 21,272.63, extending gains from the prior session.
* Palladium set for last rally next year on auto sector revival. * Wall Street climbs on positive economic data. By Kavya Guduru. Gold prices gained on Wednesday, aided by a retreat in the dollar and lingering fears over the Omicron coronavirus variant throwing a wrench in global economic recovery. Spot gold was last up 0.5% at $1,797.60 per ounce by 1723 GMT.
* ING to quit French retail banking business. * Sanofi's $1 bln Amunix buyout to add to drugmaker's pipeline. * European chipmakers rise on Micron's quarterly beat. * Bollore soars after $6.4 bln offer for African logistics assets. By Anisha Sircar and Shashank Nayar.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
Line of Credit Log In Required