European Shares Rally On Hints Of Tariff Relief

RTTNews | Před 75 dny

(RTTNews) - European stocks rallied on Wednesday as German leaders agreed to loosen the country's so-called debt brake and China ramped up stimulus to guard its economy from changes 'unseen in a century.'

Investors were also reacting to comments from U.S. Commerce Secretary Howard Lutnick that President Donald Trump will "probably" announce a deal to reduce tariffs on Canada and Mexico.

The pan European STOXX 600 was up 1.3 percent at 558.09 after tumbling 2.1 percent and logging its worst day since August 2024 on Tuesday.

The German DAX surged 2.9 percent, France's CAC 40 gained 1.9 percent and the U.K.'s FTSE 100 was up 0.6 percent.

Construction firms and arms makers jumped in Germany as CDU leader Friedrich Merz unveiled plans for a €500 billion special fund to bolster the nation's infrastructure and defense spending.

Heidelberg Materials soared 10.6 percent, Hochtief surged 13.6 percent and Rheinmetall rallied nearly 4 percent.

Online sports betting and gaming company Flutter Entertainment advanced 1.7 percent as Q4 earnings beat estimates.

French reinsurer SCOR SE declined 2 percent as it posted a P&C combined ratio of 83.1 percent for Q4 2024, a deterioration of 7.5 points from the fourth quarter of 2023.

Schaeffler AG lost 2 percent. The German machine and car parts maker gave a gloomy outlook for 2025.

Adidas declined 2.7 percent. The sportswear firm said it expects slightly slower sales growth of up to 10 percent this year after a strong 2024.

Chemicals giant Bayer rallied 4 percent as it raised the prospect of a return to earnings growth next year.

Beazley surged 3.3 percent after the British insurer reported record profit before tax of $1.423 billion for full year 2024.

Balfour Beatty slumped 5.2 percent. The international infrastructure group announced that Leo Quinn will step down from the Board later this year.

South Korea Shares Likely To Remain Rangebound

The South Korea stock market has moved lower in two of three trading days since the end of the three-day winning streak in which it had advanced more than 60 points or 2.4 percent. The KOSPI now sits just above the 2,600-point plateau and it's expected to hold steady in that neighborhood again on Tuesday.

RTTNews | Před 14 minutami

Australia Rate Decision Due On Tuesday

The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBA is widely expected to trim its benchmark lending rate to 3.85 percent from the current 4.10 percent.

RTTNews | Před 1 h 14 min

Euro Retreats Against Majors

The euro retreated against its major counterparts in the New York session on Monday.

RTTNews | Před 3 h 20 min

Swiss Market Turns Positive In Closing Minutes, Ends Slightly Up

The Switzerland market closed marginally up on Monday thanks to a few stocks finding some good support in the closing hour of the session. The sentiment was weak for much of the day's session as Moody's downgraded the United States' sovereign credit rating.

RTTNews | Před 5 h 52 min

European Stocks Rise In Late Afternoon Trades, Close On Mixed Note

After languishing in negative territory for much of the day's trading session, European stocks closed mixed on Monday with several markets seeing some brisk buying at several key counters past mid afternoon.

RTTNews | Před 6 h 21 min

Ryanair FY25 Profit Down, But Stock Climbs On Revenue And Traffic Growth, Positive Outlook

Shares of Ryanair Holdings Plc. were gaining around 6 percent in the early morning trading on the Nasdaq after the Irish low-cost airline reported Monday higher revenues and traffic in fiscal 2025, despite delivery delays from aerospace major Boeing Co. The company marked as the first airline in European Union to carry 200 million guests in one year. Meanwhile, Ryanair recorded weak annual profit.

RTTNews | Před 8 h 43 min

U.S. Leading Economic Index Slumps More Than Expected In April

The Conference Board released a report on Monday showing its reading on leading U.S. economic indicators slumped by more than expected in the month of April. The report said the leading economic index tumbled by 1.0 percent in April after sliding by a downwardly revised 0.8 percent in March.

RTTNews | Před 9 h 3 min

Eurozone Growth Outlook Downgraded; Disinflation To Proceed More Swiftly: EU

Eurozone economic growth outlook was downgraded substantially for 2025 due to the impact of higher trade tariffs and elevated uncertainty and disinflation would proceed more swiftly than anticipated with headline inflation set to hit the 2 percent target by the middle of this year, the European Commission said Monday.

RTTNews | Před 10 h 11 min

EURUSD	1.1233	GBPUSD	1.33556	AUDUSD	0.64549
USDJPY	144.971	USDCAD	1.3959	USDCHF	0.83512

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European Shares Rally On Hints Of Tariff Relief