European Stocks Close Broadly Lower

RTTNews | Před 825 dny
European Stocks Close Broadly Lower

(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.

read more
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 14 minutami
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 44 minutami
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 59 minutami
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 1 h 14 min
New Zealand Card Retail Sales Data Due On Thursday

New Zealand Card Retail Sales Data Due On Thursday

New Zealand will on Thursday release May figures for electronic card retail sales, highlighting a light day for Asia-Pacific economic activity. In April, sales were flat on month and down 0.3 percent on year.
RTTNews | Před 2 h 14 min
Swiss Market Fails To Hold Early Gains, Settle Modestly Lower

Swiss Market Fails To Hold Early Gains, Settle Modestly Lower

The Switzerland market ended modestly lower on Wednesday despite spending much of the day's trading session in positive territory. Although the market gained some ground in positive territory, reacting to news about U.S. and Chinese officials reaching a framework to implement the Geneva consensus following two days of discussions in London, the mood turned cautious later on in the session.
RTTNews | Před 6 h 9 min
European Stocks Pare Early Gains, Close Mostly Lower

European Stocks Pare Early Gains, Close Mostly Lower

Despite U.S. and Chinese officials announcing an agreement in principle on a framework to ease trade disputes, European stocks failed to hold early gains and closed mostly lower on Wednesday, with the mood turning cautious as the plan is subject to approval by the presidents of the two nations.
RTTNews | Před 6 h 28 min