European Shares Edge Up In Choppy Trade

RTTNews | 644 dias atrás
European Shares Edge Up In Choppy Trade

(RTTNews) - European stocks were seeing modest gains on Thursday after declining for six straight sessions.

Buying support emerged at lower levels after data showed Chinese exports and imports shrank less than expected in August.

Closer home, Eurostat reported that Eurozone GDP grew by 0.1 percent in the second quarter of 2023 compared to the previous quarter.

Elsewhere, German industrial output posted a monthly fall of 0.8 percent in July, while U.K. house prices took another tumble in August, falling by 4.6 percent compared to the same month last year, the Halifax said.

The pan-European STOXX 600 was up 0.2 percent at 455.27 after dropping 0.6 percent to reach its lowest level in over a week on Wednesday.

The German DAX gained 0.3 percent, France's CAC 40 added 0.6 percent and the U.K.'s FTSE 100 was up 0.3 percent.

In corporate news, Swiss food giant Nestle rose half a percent after it agreed to acquire Brazilian chocolate brand Kopenhagen.

Miners Anglo American, Antofagasta and Glencore dropped 1-2 percent on China demand concerns.

Direct Line Insurance Group shares jumped 17 percent after the motor and home insurer posted a first-half operating loss but forecast improved earnings in 2024.

Smurfit Kappa declined 2.4 percent. The packaging giant said it is in discussions to merge with U.S. rival WestRock.

Deutsche Telekom was little changed after its subsidiary T-Mobile US announced a second tranche of its shareholder return program of up to 19 billion U.S. dollars for the period from the fourth quarter of 2023 to the end of 2024.

Conglomerate ThyssenKrupp gave up 1.2 percent on news that Chief Financial Officer Klaus Keysberg will step down from his role next year.

SAP gained 1 percent after the business software maker said it has bought software management company LeanIX from investors to boost its business transformation portfolio.

read more
Australian Market Doubles Early Losses In Mid-market

Australian Market Doubles Early Losses In Mid-market

The Australian stock market is doubling its early loses in mid-market moves on Friday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,550 level, with weakness is technology stocks partially offset by gains in gold miners and energy stocks.
RTTNews | 1h 40min atrás
Asian Markets A Sea Of Red

Asian Markets A Sea Of Red

Asian stock markets are a sea of red on Friday, despite the broadly positive cues from Wall Street overnight, amid heightening geopolitical tensions in the Middle East region after Israel launched a preemptive strike against Iran in a major escalation of the regional conflict. US officials confirmed that the U.S. had no involvement or role in the operation. Asian markets ended mixed on Thursday.
RTTNews | 1h 58min atrás
Thai Stock Market May Erase Thursday's Losses

Thai Stock Market May Erase Thursday's Losses

The Thai stock market on Thursday ended the two-day winning streak in which it had risen more than 6 points or 0.6 percent. The Stock Exchange of Thailand now rests just beneath the 1,130-point plateau and it's expected to open higher on Friday.
RTTNews | 3h 5min atrás
Indonesia Shares May Move Higher On Friday

Indonesia Shares May Move Higher On Friday

The Indonesia stock market has moved lower in back-to-back sessions, slipping more than 25 points or 0.4 percent in that span. The Jakarta Composite Index now rests just above the 7,200-point plateau although it may find support on Friday.
RTTNews | 3h 35min atrás
Japanese Market Sharply Lower

Japanese Market Sharply Lower

Extending the losses in the previous session, the Japanese market is sharply lower on Friday, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling below the 37,600 level, with weakness across most sectors led by index heavyweights, exporters and technology stocks.
RTTNews | 3h 36min atrás
Little Movement Seen For Hong Kong Stock Market

Little Movement Seen For Hong Kong Stock Market

The Hong Kong stock market has alternated between positive and negative finishes through the last five trading days since the end of the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,030-point plateau and it's likely to remain rangebound on Friday.
RTTNews | 3h 50min atrás