European Stocks Rally In The Final Hour, End Session On Firm Note

RTTNews | 888 dias atrás

(RTTNews) - After struggling for direction till well past noon, European stocks climbed higher in the final hour of the session on Tuesday, with investors reacting positively to comments from ECB council member Klass Knot that the central bank might pause its tightening cycle sometime soon.

Worries about the slow pace of economic growth in China, and data showing a drop in U.S. retail sales and a dip U.S. industrial production in the month of June rendered the mood cautious till around mid afternoon.

Also, investors looked ahead to the release of UK inflation data for the month of June on Wednesday. Consumer Price Inflation in the UK is seen falling to 8.2%, from 8.7% in the previous month.

The pan European Stoxx 600 advanced 0.62%. The U.K.'s FTSE 100 gained 0.64%, Germany's DAX climbed 0.35% and France's CAC 40 ended 0.38% up, while Switzerland's SMI ended higher by 1.16%.

Among other markets in Europe, Austria, Belgium, Czech Republic, Finland, Greece, Iceland, Ireland, Norway, Poland, Portugal, Russia and Sweden ended higher.

Netherlands and Spain edged up marginally. Turkiye closed weak, while Denmark ended flat.

In the German market, Covestro rallied more than 5.5%. Zalando and Vonovia claimed 4.5% and 4.1%, respectively, and BASF gained 3.2%.

Puma, Continental, Bayer, Fresenius Medical Care, Fresenius and Sartorius gained 1.5 to 2.6%. HeidelbergCement advanced about 1.1%.

Siemens Healthineers, Deutsche Telekom, Porsche and Brenntag lost 1 to 2%.

In Paris, Sanofi, Michelin, Capgemini, Publicis Groupe and BNP Paribas gained 1.5 to 2%. Bouygues, TotalEnergies, ArcelorMittal and Safran ended higher by 1 to 1.3%.

Hermes International and L'Oreal both ended lower by about 1.4%.

In the UK market, Ocado Group soared more than 16% early on in the session after first-half results revealed a return to underlying profit. However, the stock pared a substantial portion of its gains and ended just 5% up.

Royal Mail surged nearly 5.5%. Taylor Wimpey, Persimmon, Barratt Developments, Hikma Pharmaceuticals, Johnson Matthey, ICP, Kingfisher and Carnival gained 3 to 5%.

ITV, WPP, Just Eat Takeaway.com, Polymetal International, Melrose Industries, Mondi, J Sainsbury, Barclays Group, St. James's Palace and Lloyds Banking moved up 2 to 3%.

In the Swiss market, Novartis gained nearly 5% after the company raised its full-year earnings guidance and mapped out the planned spin-off of its generic medicines division Sandoz for early in the fourth quarter.

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,700 level, with a mixed performance across most sectors ahead of the release of The Reserve Bank of Australia's minutes of the latest monetary policy meeting.

RTTNews | 1h 6min atrás

Higher Open Called For Taiwan Stock Market

The Taiwan stock market has moved higher in back-to-back sessions, collecting more than 680 points or 2.4 percent along the way. The Taiwan Stock Exchange now sits just beneath the 28,150-point plateau and it figures to open to the upside again on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 1h 26min atrás

Singapore Bourse May Extend Monday's Gains

The Singapore stock market on Monday wrote a finish to the four-day losing streak in which it had slipped more than 20 points or 0.4 percent. The Straits Times Index now sits just above the 4,610-point plateau and it's expected to open to the upside again on Tuesday.

RTTNews | 1h 56min atrás

Malaysia Shares May Open To The Upside Again On Tuesday

The Malaysia stock market has moved higher in three straight sessions, advancing almost 30 points or 1.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,670-point plateau and it's expected to open in the green again on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 2h 26min atrás

Japan Stock Market May Add To Its Winnings On Tuesday

The Japanese stock market has finished higher in two consecutive trading days, soaring more than 1,400 points or 2.7 percent along the way. The Nikkei 225 now sits just above the 50,400-point plateau and it may extend its gains on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead. The Nikkei finished sharply higher on Monday following gains from the financial shares, technology stocks and automobile producers. For the day, the index jumped 895.18 points or 1.81 percent to finish at 50,402.39 after trading between 49,982.20 and 50,590.88. Among the actives, Nissan Motor improved 0.75 percent, while Mazda Motor accelerated 4.34 percent, Toyota Motor advanced 0.91 percent, Honda Motor strengthened 1.61 percent, Softbank Group soared 4.09 percent, Mitsubishi UFJ Financial jumped 1.86 percent, Mizuho Financial vaulted 1.40 percent, Mitsubishi Electric rallied 1.74 percent, Panasonic Holdings spiked 3.47 percent and Hitachi expanded 1.89 percent.

RTTNews | 2h 41min atrás

Additional Support Called For South Korea Shares

The South Korea stock market has moved higher in two straight sessions, advancing more than 110 points or 2.7 percent along the way. The KOSPI now sits just above the 4,100-point plateau and it may add to its winnings on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 2h 56min atrás

RBA Minutes Due On Tuesday

The Reserve Bank of Australia will on Tuesday release the minutes from its Dec. 8 monetary policy meeting, highlighting a light day for Asia-Pacific economic activity.

RTTNews | 3h 26min atrás

Swiss Markets Ends Marginally Down

The Swiss market ended slightly down on Monday after languishing in negative territory righ through the day's trading session, as traders largely stayed on the sidelines ahead of Christmas holidays.

RTTNews | 7h 0min atrás

EURUSD	1.17689	GBPUSD	1.34722	AUDUSD	0.66582
USDJPY	156.628	USDCAD	1.3744	USDCHF	0.79099