European Shares Edge Higher As Investors Look To ECB Meeting

RTTNews | Před 7 dny
European Shares Edge Higher As Investors Look To ECB Meeting

(RTTNews) - European shares inched higher on Wednesday as investors braced for a 25-basis point rate cut from the European Central Bank when it meets on Thursday.

In economic releases, data showed Eurozone's services sector contracted modestly in May, with the final PMI Services reading falling to 49.7 from April's 50.1. The U.K. services PMI was finalized at 50.9, up from April's 27-month low of 49.0.

The pan European STOXX 600 was up half a percent at 551.26 after finishing marginally lower on Tuesday.

The German DAX jumped 0.9 percent as the cabinet approved a tax relief package designed to stimulate the nation's slow-moving economy and support companies.

France's CAC 40 added 0.7 percent and the U.K.'s FTSE 100 was marginally higher ahead of a deadline for U.S. trading partners to make their "best offers".

Airbus shares were up 3.5 percent after Bloomberg News reported that China is considering placing an order for hundreds of Airbus SE aircraft as soon as next month.

Royal Philips rose about 1 percent as the health technology company unveiled plans to repurchase up to 6 million shares to meet certain obligations arising from long-term incentive plans.

Discount retailer B&M European Value Retail slumped 7 percent after posting a mixed bag of results for the past year.

Property management firm Hammerson fell 2.3 percent after an announcement that its Chief Executive Officer, Rita-Rose Gagne, plans to retire in 2026.

WH Smith rallied 3.2 percent. The company maintained its full-year outlook after reporting continued strong performance in its global travel retail business for the 13-week period ending May 31,2025.

read more
Indonesia Bourse May Extend Wednesday's Losses

Indonesia Bourse May Extend Wednesday's Losses

The Indonesia stock market on Wednesday ended the three-day winning streak in which it had gained almost 190 points or 2.7 percent. The Jakarta Composite Index now rests just above the 7,220-point plateau and the losses may accelerate on Thursday.
RTTNews | Před 15 minutami
Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian market is trading slightly higher on Thursday, extending the gains in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving a tad above the 8,600 level, with gains in gold miners and eergy partially offset by weakness in iron ore miners.
RTTNews | Před 27 minutami
Hong Kong Bourse May Hand Back Wednesday's Gains

Hong Kong Bourse May Hand Back Wednesday's Gains

The Hong Kong stock market has alternated between positive and negative finishes through the last four 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 24,360-point plateau and it's likely to remain rangebound on Thursday.
RTTNews | Před 30 minutami
Lower Open Anticipated For Taiwan Stock Market

Lower Open Anticipated For Taiwan Stock Market

The Taiwan stock market has moved higher in three straight sessions, accelerating more than 810 points or 3.6 percent along the way. The Taiwan Stock Exchange now sits just above the 22,470-point plateau although it's expected to open under water on Thursday.
RTTNews | Před 1 h 15 min
Continued Consolidation Called For Singapore Shares

Continued Consolidation Called For Singapore Shares

The Singapore stock market has moved lower in two straight sessions, sinking more than 15 points or 0.4 percent along the way. The Straits Times Index now sits just beneath the 3,920-point plateau and it may take further damage on Thursday.
RTTNews | Před 1 h 45 min
Renewed Selling Pressure Expected For Malaysia Shares

Renewed Selling Pressure Expected For Malaysia Shares

The Malaysia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had gained almost 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,525-point plateau and it's likely to head south again on Thursday.
RTTNews | Před 2 h 15 min
Japan Stock Market May Run Out Of Steam On Thursday

Japan Stock Market May Run Out Of Steam On Thursday

The Japan stock market has finished higher in four straight sessions, climbing more than 860 points or 2.5 percent along the way. The Nikkei 225 now sits just above the 38,420-point plateau although it's due for consolidation on Thursday.
RTTNews | Před 2 h 30 min
South Korea Shares Due For Consolidation

South Korea Shares Due For Consolidation

The South Korea stock market has finished higher in six straight sessions, collecting more than 210 points or 7.7 percent along the way. The KOSPI now rests just above the 2,900-point plateau although investors are likely to lock in gains on Thursday.
RTTNews | Před 2 h 45 min