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%.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 7th of January, covering the latest developments you need to k...
Iran has executed a man accused of spying for Israel’s Mossad intelligence service, the country’s judiciary reported on Wednesday, 7 January, amid...
South Korean President Lee Jae Myung said on Wednesday (7 January), that significant progress has been made in restoring trust with China. He also rei...
A magnitude 6.7 earthquake has struck off the southern Philippines, with no immediate reports of damage or injuries, the U.S. Geological Survey (USGS)...
Protests continued into another day in Iran, with crowds returning to the streets despite mounting pressure from the authorities. By scale and spread,...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 7th of January, covering the latest developments you need to know.
Iran has executed a man accused of spying for Israel’s Mossad intelligence service, the country’s judiciary reported on Wednesday, 7 January, amid an intensifying campaign against alleged foreign agents.
South Korean President Lee Jae Myung said on Wednesday (7 January), that significant progress has been made in restoring trust with China. He also reiterated that relations with Japan are equally important for Seoul’s diplomacy amid shifting regional dynamics.
Protests continued into another day in Iran, with crowds returning to the streets despite mounting pressure from the authorities. By scale and spread, the unrest has entered its most significant phase so far.
Germany’s foreign intelligence service secretly monitored the telephone communications of former U.S. President Barack Obama for several years, including calls made aboard Air Force One, according to an investigation by the German newspaper Die Zeit.
Israeli media report that Israeli Prime Minister Benjamin Netanyahu chaired a lengthy security meeting that reportedly focused on the country’s regional threats, including Gaza, Lebanon, and Iran.
At the end of last year, U.S. President Donald Trump was reported to have raised the Azerbaijan–Armenia peace agenda during a conversation with Israel’s prime minister, warning that if peace were not achieved, Washington could raise tariffs on both countries by 100 percent.
President Ilham Aliyev said 2025 has politically closed the Armenia-Azerbaijan conflict, as a Trump-era reset in U.S. ties, new transport corridors and a push into AI, renewables and defence production reshape Azerbaijan’s priorities.
Dmitry Medvedev has warned that Ukrainian President Volodymyr Zelenskyy could face the same fate as Venezuelan leader Nicolás Maduro, following what he described as a U.S. ‘abduction’ of the Venezuelan president.
The U.S. dollar has strengthened against major peers on Tuesday, while the euro fell following slower-than-expected inflation in Europe. Market movements were relatively subdued as investors focused on upcoming U.S. economic data.
Wall Street closed higher on Tuesday, boosted by optimism over artificial intelligence (AI) and a strong rally in Moderna shares, with the Dow Jones Industrial Average approaching a record high.
India’s largest oil refiner, Indian Oil Corporation (IOC), has taken a significant step towards diversifying its crude oil supply by purchasing Colombian crude, from state oil company Ecopetrol, for the first time.
China has given the nod for car makers to sell Level 3 self-driving vehicles from as early as next year after it approved two electric sedans from Changan Auto and BAIC Motors.
Warner Bros Discovery’s board rejected Paramount Skydance’s $108.4 billion hostile bid on Wednesday (17 December), citing insufficient financing guarantees.
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