European Stocks Close Broadly Lower

RTTNews | Před 823 dny

(RTTNews) - European stocks closed broadly lower on Thursday amid concerns about interest rates following Fed Chair Jerome Powell reiterating his warning to lawmakers that the central bank may rise rates higher than previously anticipated.

Weaker-than-expected inflation data from China also weighed on sentiment.

Powell acknowledged during the second day of congressional testimony that the Fed was wrong in initially thinking inflation was only the result of "transitory" factors.

Investors also digested the latest batch of economic data from the European region, and some quarterly earnings updates.

The pan European Stoxx 600 drifted down 0.22%. The U.K.'s FTSE 100 dropped 0.63% and France's CAC 40 slid 0.12%, and Germany's DAX edged up 0.01%. Switzerland's SMI ended 0.69% down.

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

Denmark, Greece and Turkiye closed higher, while Netherlands and Portugal ended flat.

In the UK market, Spirax-Sarco Engineering, Smith (DS), Rio Tinto, Entain, Ocado Group and Antofagasta ended lower by 4 to 5%.

Endeavour Mining shed nearly 4%. British Land Co., Barclays, Beazley, ABRDN, Glencore, Weir Group, Anglo American Plc, Johnson Mathey and Segro lost 2 to 3.4%.

Aviva, Informa, BAE Systems, Frasers Group, Rentokil Initial, Sage Group and Centrica gained 1 to 3%.

In Paris, Unibail Rodamco ended nearly 4% down. Renault shed about 3%. BNP Paribas, Stellantis, Societe Generale, Teleperformance, Publicis Groupe, Saint Gobain, Credit Agricole and Michelin lost 1 to 2%.

Thales rallied 2.8% and Eurofins Scientific climbed 2.3%, while Worldline, Schneider Electric, STMicroElectronics, Safran and Danone gained 1 to 1.7%.

In the German market, Vonovia ended lower by about 5%. Zalando and Hannover Rueck both shed about 3%. Volkswagen, Fresenius, BMW, Commerzbank, Porsche, Continental, Symrise, Deutsche Bank and Brenntag lost 1 to 2%.

Adidas surged about 3.5%. Sartorius, Siemens Energy, Siemens Healthineers, Deutsche Boerse and Deutsche Post gained 1.5 to 2%. Infineon Technologies and Siemens both gained about 1%.

On the economic front, France's payroll employment increased in the fourth quarter reflecting the improvement in the private sector job creation, final data from the statistical office INSEE showed earlier today.

Overall payroll employment grew 0.2% or 44,000 in the fourth quarter. This was slower than the 0.3% or 84,100 jobs created in the third quarter.

The UK housing market activity continued the downbeat trend in February amid tighter lending conditions and stretched mortgage affordability, though there were signs of gradual improvement over the coming months, the Royal Institution of Chartered Surveyors reported Thursday. The headline reading for new buyer enquiries advanced to -29% in February from -45% in January.

Malaysia Shares Likely To Remain Rangebound

The Malaysia stock market ticked higher again on Monday, one session after snapping 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 1,520-point plateau and it's expected to remain in that neighborhood again on Tuesday. The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference. The KLCI finished slightly higher on Monday following gains from the plantation stocks and mixed performances from the financials and telecoms. For the day, the index perked 2.62 points or 0.17 percent to finish at 1,519.41 after trading between 1,518.03 and 1,521.64. Among the actives, 99 Speed Mart Retail rose 0.48 percent, while Axiata increased 0.50 percent, Celcomdigi shed 0.52 percent, CIMB Group advanced 0.73 percent, Gamuda stumbled 1.47 percent, Hong Leong Financial eased 0.12 percent, IHH Healthcare added 0.58 percent, IOI Corporation perked 0.27 percent, Maxis slumped 0.83 percent, Maybank dipped 0.21 percent, MISC spiked 1.32 percent, Nestle Malaysia tumbled 1.79 percent, Petronas Chemicals soared 3.08 percent, Petronas Dagangan retreated 1.71 percent, Petronas Gas fell 0.22 percent, PPB Group rallied 1.10 percent, Press Metal climbed 0.81 percent, QL Resources surged 3.66 percent, RHB Bank collected 0.16 percent, Sime Darby sank 0.56 percent, SD Guthrie gathered 0.44 percent, Sunway improved 0.62 percent, Telekom Malaysia dropped 0.61 percent, Tenaga Nasional gained 0.56 percent, YTL Corporation declined 1.46 percent, YTL Power lost 0.28 percent and Kuala Lumpur Kepong, MRDIY and Public Bank were unchanged.

RTTNews | Před 21 minutami

Japan Bourse May Spin Its Wheels On Tuesday

The Japan stock market has finished higher in two straight sessions, climbing more than 530 points or 1.7 percent along the way. The Nikkei 225 now sits just beneath the 38,090-point plateau although it may be stuck in neutral on Tuesday. The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference. The Nikkei finished modestly higher on Monday following gains from the financial shares and technology stocks, while the automobile producers were mixed. For the day, the index advanced 346.96 points or 0.92 percent to finish at 38,088.57 after trading between 38,018.22 and 38,178.01. Among the actives, Nissan Motor retreated 1.28 percent, while Mazda Motor advanced 0.96 percent, Toyota Motor shed 0.45 percent, Honda Motor eased 0.14 percent, Softbank Group soared 4.98 percent, Mitsubishi UFJ Financial and Sumitomo Mitsui Financial both climbed 1.02 percent, Mizuho Financial collected 2.13 percent, Mitsubishi Electric rallied 3.13 percent, Panasonic Holdings tumbled 1.95 percent, Hitachi accelerated 2.29 percent and Sony Group was unchanged. The lead from Wall Street is pedestrian as the major averages opened lower on Monday, moved into the green by midday but faded going into the close to end mixed and little changed.

RTTNews | Před 36 minutami

Rally May Stall For South Korea Stock Market

The South Korea stock market has finished higher in four straight sessions, collecting more than 160 points or 5.8 percent along the way. The KOSPI now rests just above the 2,855-point plateau although investors may lock in gains on Tuesday. The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference. The KOSPI finished sharply higher on Monday following gains from the financial shares, technology stocks and automobile producers. For the day, the index jumped 43.72 points or 1.55 percent to finish at 2,855.77 after trading between 2,841.39 and 2,867.27. Volume was 528.24 million shares worth 13.61 trillion won. There were 700 gainers and 200 decliners. Among the actives, Shinhan Financial collected 2.03 percent, while KB Financial rallied 4.14 percent, Hana Financial soared 5.58 percent, Samsung Electronics climbed 1.18 percent, Samsung SDI stumbled 2.01 percent, LG Electronics added 0.69 percent, SK Hynix jumped 2.00 percent, Naver improved 3.82 percent, Lotte Chemical advanced 0.82 percent, SK Innovation strengthened 1.30 percent, POSCO Holdings rose 0.39 percent, SK Telecom increased 0.95 percent, KEPCO surged 4.09 percent, Hyundai Mobis skyrocketed 10.04 percent, Hyundai Motor accelerated 4.32 percent, Kia Motors spiked 2.36 percent and LG Chem was unchanged.

RTTNews | Před 51 minutami

Australia Business Confidence Data Due On Tuesday

Australia will on Tuesday see May results for the indexes of business confidence and business conditions, highlighting a light day for Asia-Pacific economic activity. In April, their scores were -1 and +2, respectively.

RTTNews | Před 1 h 51 min

Canadian Dollar Higher As US-China Trade Talks Lift Sentiment

The Canadian dollar was higher against its most major counterparts in the New York session on Monday, as investors awaited outcome of trade talks between the US and China that kicked off in London.

RTTNews | Před 2 h 56 min

Canadian Market Up Marginally In Cautious Trade

After a flat start and a subsequent drop to lower levels, the Canadian market emerged into positive territory about an hour past noon on Monday, but remains somewhat subdued with investors seeming reluctant to make significant moves. The mood is cautious as investors await U.S. - China trade talks in London.

RTTNews | Před 5 h 26 min

European Stocks Close Weak After Cautious Session

European markets settled lower on Monday after a subdued performance as investors awaited the outcome of U.S.-China high-level trade talks in London. Also, a lack of regional economic data and earnings news contributed to the cautious mood in the markets.

RTTNews | Před 5 h 54 min

FDA, CDC Probe Salmonella Outbreak As Around 1.70 Mln Dozen Brown Eggs Recalled

The U.S. Food and Drug Administration and the Centers for Disease Control and Prevention or CDC are investigating a Salmonella Enteritidis outbreak linked to brown eggs that sickened nearly 79 across 7 states. Associated with the ongoing probe, August Egg Co. recalled around 1.70 million dozen brown cage-free and brown certified organic eggs sold through Walmart and other retail locations.

RTTNews | Před 9 h 41 min

EURUSD	1.14267	GBPUSD	1.35555	AUDUSD	0.65175
USDJPY	144.566	USDCAD	1.36958	USDCHF	0.82128

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European Stocks Close Broadly Lower