30 minutes ago
Stock markets on the move: Royal Unibrew, L’Oréal up, Ipsos down
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L’Oréal share price.
At the bottom of the index, market research firm Ipsos fell 6.7% on its own first-quarter results. Revenue was higher overall, but fell 3.2% regionally in America, the business’s second-largest market.
-Jenni Reid
An hour ago
UK retail sales stagnate in March
People buying vegetables from a fruit and veg stall at the Stroud Farmers Market on March 30, 2024 in Stroud, United Kingdom.
Mike Kemp | In pictures | Getty Images
Growth in UK retail sales stopped in March, according to figures released on Friday by the Office for National Statistics.
Sales volumes remained stable month-on-month, following growth of 0.1% in February. Volumes at food stores fell by 0.7% while non-store retail sales, which include online stores, stalls and markets, fell by 1.5%.
Alex Kerr, deputy economist at Capital Economics, said that although the monthly figures were worse than expected, sales volumes still rose 1.9% quarter-on-quarter in the first three months of the year, ” thus ending the retail recession.” “
“As inflation falls, we still believe rising real household incomes will support retail activity throughout 2024,” Kerr added.
-Jenni Reid
3 hours ago
European stocks open lower
European stock markets opened in the red on Friday, with the Stoxx 600 index down 0.8% at 8:30 a.m. in London.
Major stock markets were lower, with Germany’s DAX down 1.1%, France’s CAC 40 down 0.86% and Britain’s FTSE 100 down 0.6%.
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Stoxx 600 index.
8 hours ago
Safe haven assets surge after unconfirmed reports of explosions in Iran; gold hits new record
Safe haven assets rose following reports of unconfirmed explosions in Iran, with the Fars news agency reportedly saying explosions were heard near the airport in the central city of Isfahan, but the reason was unknown.
Spot gold prices hit a new all-time high of 2,411.09 an ounce, while the yen strengthened 0.45 percent to 153.93 against the US dollar.
Bitcoin prices fell 1.44% to $60,186, according to Coin Metrics data.
-Lim Hui Jie
8 hours ago
Oil prices up 3% after reports of explosions in Iran
Oil prices jumped more than 3% after unconfirmed reports of explosions near the Iranian city of Isfahan.
Iran’s Fars news agency reported that explosions were heard near Isfahan airport, but stressed that the reason was unknown.
Global benchmark Brent crude traded 2.86% higher at $89.60 a barrel, while the U.S. West Texas Intermediate index rose 2.83% to $85.05 the barrel.
—Lee Ying Shan
11 hours ago
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11 hours ago
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20 hours ago
ECB likely to cut interest rates in June, says policymaker
The European Central Bank should cut interest rates in June to avoid falling behind the inflation curve, according to its decision-maker François Villeroy de Galhau.
“The question is the next Governing Council which will take place at the beginning of June (…) and barring any major surprises, we should lower rates because we are now sufficiently confident and increasingly confident about the disinflationary trajectory of the zone euro”, declared the governor of the Bank of France, Villeroy. CNBC’s Karen Tso said Thursday.
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—Sam Meredith