European stocks fell for the fourth straight session at the start of trading today, with investors awaiting economic data from the euro zone, as well as jobs data in the United States, for indications on the path of US interest rate cuts. The pan-European STOXX 600 index fell 0.1 percent, while the mining sector lost 0.8 percent after prices of most industrial metals fell amid expectations of weak demand following recent weak economic data globally, including China. However, property stocks were the biggest gainers, up 0.5 percent. German industrial orders rose 2.9 percent in July from the previous month on a seasonally adjusted basis, while Associated British Foods fell 3.5 percent to a five-month low. Lanxess gained 3.4 percent after Morgan Stanley upgraded the chemicals company. Source: Oman News Agency
Related Articles
Foreign Minister Engages in High-Level Talks at UNGA Session
New york: On the sidelines of the 80th session of the United Nations General Assembly being held in New York, Foreign Minister Sayyid Badr bin Hamad Al Busaidi today held meetings with some of his counterparts from Arab and friendly countries.
Accor…
RAAD: ENEMY’S TRUTH AND FAILURES HAVE BEEN EXPOSED
At a ceremony for martyr Mustafa Hassan Yassin, Hezbollah’s MP Mohammad Raad addressed the gathering, including political figures, religious scholars, and families of martyrs. Raad criticized Israel’s claims of progressing to a third phase in Gaza, la…
Army Commander broaches latest developments with UN Special Coordinator
Lebanese Army Commander, General Joseph Aoun, on Monday received UN Special Coordinator for Lebanon, Jeanine Hennis-Plasschaert, at his office in Yarzeh.
Discussions between both sides reportedly covered the general situation in Lebanon and the broad…