European Shares Decline As Treasury Yields Climb

RTTNews | 997 dias atrás

(RTTNews) - European shares fell sharply on Friday after two Federal Reserve officials said interest rates may need to move to a higher level than anticipated.

More hawkish rate repricing has driven up U.S. Treasury rates and dented demand for riskier assets.

In economic releases, investors ignored data showing that Germany's producer price inflation eased for the fourth straight month in January to reach its lowest level in nearly one-and-a-half years amid a continued slowdown in energy prices.

The producer price index climbed 17.8 percent year-over-year in January, which was slower than the 21.2 percent surge in December. Economists had forecast the price growth to ease to 16.4 percent.

Elsewhere, U.K. shop sales volumes unexpectedly rose by 0.5 percent in January, after falling in December, official figures showed.

The pan-European STOXX 600 was down 0.9 percent at 461.07 after gaining 0.2 percent on Thursday.

The German DAX fell over 1 percent, France's CAC 40 index gave up 0.9 percent and the U.K.'s FTSE 100 was down 0.3 percent.

Swiss specialty chemical firm Sika AG rallied 3 percent after its fiscal 2022 net profit grew 11 percent from last year.

Global reinsurance giant Swiss Re declined 1.4 percent after reporting a dip in net income for the full year 2022.

Sartorius AG, a German biopharmaceutical firm, fell nearly 2 percent after order intake dropped 6.1 percent in fiscal 2022 from last year.

Mercedes-Benz Group gained 2.5 percent. The carmaker delivered strong full-year results and said it intends to repurchase up to 4 billion euros of shares over the next two years.

Allianz SE lost 3.2 percent after fourth-quarter profits fell at its nonlife and asset-management operations.

Air France-KLM shares jumped more than 9 percent in Paris after the airline reported robust bookings for 2023 and forecast higher margins.

Kingspan Group shares soared 6.3 percent in London. The Irish building materials firm reported higher revenue and profit last year despite "bumpy" economic conditions. Medical products maker Smith+Nephew fell about 1 percent after naming Rupert Soames as its new chairman designate.

Warehouse specialist SEGRO advanced 1.5 percent after delivering a strong operational result for 2022.

Lender NatWest fell more than 8 percent despite reporting a strong rise in annual profits.

Australian Market Slips To Losses In Mid-market

The Australian stock market is slipping in to the red in mid-market trading on Tuesday after early gains, reversing some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well below the 8,850 level, with weakness in financial and technology stocks partially offset by gains in mining and energy stocks.

RTTNews | 1h 38min atrás

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from Wall Street overnight, as traders react to further progress made towards ending the US government shutdown, with the US Senate commencing a series of votes on a package to reopen the government and end the longest shutdown on record. Asian markets closed mostly higher on Monday.

RTTNews | 1h 57min atrás

Sensex, Nifty Seen Opening Higher On Trade Deal Hopes

Indian shares look set to open on a positive note Tuesday after U.S. President Donald Trump indicated he would reduce the tariff rate on Indian goods "at some point," and that the U.S. was "pretty close" to a trade deal with New Delhi that's good for everybody.

RTTNews | 2h 29min atrás

Thai Shares Expected To Open To The Upside On Tuesday

The Thai stock market has moved higher in two of three trading days since the end of the five-day losing streak in which it had dropped more than 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,305-point plateau and it's called higher again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead.

RTTNews | 3h 1min atrás

Rebound Tipped For Indonesia Stock Market

The Indonesia stock market on Monday snapped the three-day winning streak in which it had gained almost 160 points or 1.2 percent. The Jakarta Composite Index now sits just above the 8,390-point plateau although it's expected to see renewed support on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The JCI finished slightly lower on Monday as losses from the financials and telecoms were mitigated by support from the resource stocks and a mixed picture from the cement companies. For the day, the index eased 3.35 points or 0.04 percent to finish at the daily low of 8,391.24 after peaking at 8,478.15. Among the actives, Bank CIMB Niaga shed 0.57 percent, while Bank Mandiri fell 0.42 percent, Bank Danamon Indonesia collected 0.40 percent, Bank Negara Indonesia tumbled 1.78 percent, Bank Central Asia skidded 1.15 percent, Bank Rakyat Indonesia slumped 1.26 percent, Indosat Ooredoo Hutchison plunged 3.72 percent, Indocement improved 0.78 percent, Semen Indonesia plummeted 4.17 percent, Indofood Sukses Makmur slipped 0.35 percent, United Tractors rallied 1.36 percent, Energi Mega Persada surged 4.60 percent, Astra Agro Lestari dropped 0.96 percent, Aneka Tambang rose 0.34 percent, Vale Indonesia eased 0.22 percent, Timah soared 6.85 percent, Bumi Resources spiked 6.38 percent and Astra International was unchanged. The lead from Wall Street is solid as the major averages opened higher on Monday and largely spent most of the sessions firmly in positive territory.

RTTNews | 3h 31min atrás

Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Tuesday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 51,350 level, with gains in index heavyweights, financial and technology and stocks.

RTTNews | 3h 44min atrás

Higher Open Predicted For Hong Kong Stock Market

The Hong Kong stock market has moved higher in two of three trading days since the end of the two-day slide in which it had dropped more than 220 points or 0.8 percent. The Hang Seng Index now rests just beneath the 26,650-point plateau and it's expected to open to the upside again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead.

RTTNews | 3h 46min atrás

Additional Support Likely For China Stock Market

The China stock market bounced higher again on Monday, one session after halting the two-day winning streak in which it had advanced more than 45 points or 1.1 percent. The Shanghai Composite Index now sits just beneath the 4,020-point plateau The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The SCI finished modestly higher on Monday following gains from the financial shares, property stocks and resource companies. For the day, the index gained 21.04 points or 0.53 percent to finish at 4,018.60 after trading between 3,990.84 and 4,018.70. The Shenzhen Composite Index added 10.15 points or 0.40 percent to end at 2,529.44. Among the actives, Industrial and Commercial Bank of China advanced 0.87 percent, while Bank of China rose 0.35 percent, Agricultural Bank of China rallied 2.12 percent, China Merchants Bank added 0.49 percent, Bank of Communications collected 0.82 percent, China Life Insurance jumped 1.95 percent, Jiangxi Copper improved 0.95 percent, Aluminum Corp of China (Chalco) soared 3.26 percent, Yankuang Energy vaulted 1.88 percent, PetroChina strengthened 1.65 percent, China Petroleum and Chemical (Sinopec) fell 0.27 percent, Huaneng Power perked 0.24 percent, China Shenhua Energy gained 0.94 percent, Gemdale spiked 2.33 percent, Poly Developments increased 1.25 percent and China Vanke climbed 1.29 percent.

RTTNews | 4h 1min atrás

EURUSD	1.15573	GBPUSD	1.3169	AUDUSD	0.65304
USDJPY	154.255	USDCAD	1.40339	USDCHF	0.80499