European shares nudged up on Thursday after the U.S. Federal Reserve lowered borrowing costs for the first time since December, while shares of SIG plummeted after the Swiss-based company issued a profit warning.
The pan-European STOXX 600 rose 0.5% to 553.49 points, as of 0715 GMT, in broad-based gains.
Late on Wednesday, the U.S. central bank cut interest rates by an expected quarter of a percentage point, its first dovish policy move since December.
However, the Fed also indicated that it will take a measured approach to lowering borrowing costs for the rest of this year, dampening some optimism.
In Denmark, Novo Nordisk rose 2.6% after data showed an experimental Wegovy pill showed a 16.6% weight-loss in a late-stage study, compared to previous trials of injectable versions of the drug.
On the flip side, SIG Group slid 20% and triggered a trading halt after the Swiss packaging group issued a profit warning for 2025 and suspended its cash dividend.
Britain's Next lost 5.5% after the fashion retailer said it expects UK sales growth to slow in the second half of the year, which overshadowed results that showed profit in the first half rose 13.8%.
U.S. President Donald Trump held an “excellent” phone call with Chinese President Xi Jinping on Wednesday, (4 February), to discuss trade, energy,...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 5th of February, covering the latest developments you need to ...
The United States and Argentina have signed a framework agreement to strengthen cooperation on critical minerals on Thursday (4 February), reaffirming...
Israeli tank shelling and airstrikes killed 24 Palestinians including seven children in Gaza on Wednesday (4 February), health officials said, the lat...
An explosion and fire erupted after a fuel-laden freight train derailed at Kochyetovka station in Michurinsk, Russia, on Tuesday (4 February), halting...
U.S. President Donald Trump held an “excellent” phone call with Chinese President Xi Jinping on Wednesday, (4 February), to discuss trade, energy, Taiwan, Iran, and Russia’s war in Ukraine, ahead of Trump’s planned visit to Beijing in April.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 5th of February, covering the latest developments you need to know.
Israeli tank shelling and airstrikes killed 24 Palestinians including seven children in Gaza on Wednesday (4 February), health officials said, the latest violence to undermine the nearly four-month-old ceasefire.
An explosion and fire erupted after a fuel-laden freight train derailed at Kochyetovka station in Michurinsk, Russia, on Tuesday (4 February), halting rail traffic and triggering a major emergency response, authorities said.
Cuba’s Deputy Foreign Minister Carlos Fernández de Cossío has denied that Havana and Washington have entered formal negotiations, countering recent assertions by U.S. President Donald Trump, while saying the island is open to dialogue under certain conditions.
Talks with the U.S. should be pursued to secure national interests as long as "threats and unreasonable expectations" are avoided, President Masoud Pezeshkian posted on X on Tuesday (3 February).
Ukrainian President Volodymyr Zelenskyy accused Russia on Tuesday (3 February) of exploiting a U.S.-backed energy ceasefire to stockpile weapons and launch large-scale drone and missile attacks on Ukraine ahead of peace talks.
Rivers and reservoirs across Spain and Portugal were on the verge of overflowing on Wednesday as a new weather front pounded the Iberian peninsula, compounding damage from last week's Storm Kristin.
Paris prosecutors have summoned X chairman Elon Musk and former chief executive Linda Yaccarino for questioning in April as part of their probe into the X social media network, they said on Tuesday.
Wall Street ended sharply lower on Tuesday as investors worried about artificial intelligence (AI) creating more competition for software makers, keeping them on edge ahead of quarterly reports from Alphabet and Amazon later this week.
U.S. stock markets finished mixed on Wednesday (28 January) as investors reacted calmly after the Federal Reserve left interest rates unchanged, a decision that had been widely expected and largely priced in.
The S&P 500 edged to a record closing high on Tuesday, marking its fifth consecutive day of gains, as strong advances in technology stocks offset a sharp selloff in healthcare shares and a mixed batch of corporate earnings.
Chevron is in talks with Iraq’s oil ministry over potential changes to the commercial framework governing the West Qurna 2 oilfield, one of the world’s largest producing assets, after Baghdad nationalised the field earlier this month following U.S. sanctions imposed on Russia’s Lukoil.
Argentina's economic activity shrunk 0.3% in November compared with the same month last year, marking the first monthly contraction of 2025, data from Argentina's national statistics agency showed on Wednesday.
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