European Stocks Close Higher As Trade Tensions Ease

RTTNews | Před 59 dny

(RTTNews) - European stocks closed higher on Friday as trade tensions eased after United States struck a deal with China to expedite rate earth shipments.

The deal marks a significant step towards resolving the ongoing trade war between the world's two largest economies.

Beijing said Washington would lift "restrictive measures" while Beijing would "review and approve" items under export controls.

Easing concers about Middle East tensions contributed as well to markets' positive move.

The pan European Stoxx 600 climbed 0.89%. The U.K.'s FTSE 100 gained 0.6%, Germany's DAX closed 0.79% up and France's CAC 40 jumped 1.4%. Switzerland's SMI ended 0.84% up.

Among other markets in Europe, Austria, Belgium, Czech Republic, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Russia, Spain, Sweden and Turkiye closed higher.

Poland edged up marginally, while Greece and Iceland ended weak.

In the UK market, JD Sports Fashion climbed more than 7.5%. Ashtead Group ended 5.55% up. Melrose Industries, Standard Chartered, IMI, Barclays, Rolls-Royce Holdings, Taylor Wimpey, Experian, IAG, Informa, Natwest Group and Rentokil Initial gained 1 to 3.6%.

Endeavour Mining and Fresnillo both ended lower by more than 4%. Babcock International, BAE Systems and Coca-Cola Europacific Partners ended down 1 to 1.7%.

In the German market, Porsche rallied more than 7.6%. Daimler Truck Holding climbed 6.1% and BMW gained about 5.3%. Mercedes-Benz, Continental, Volkswagen, Adidas, Heidelberg Materials, Siemens, Deutsche Post and Puma gained 3 to 5%.

Siemens Energy, Bayer, SAP, BASF, Vonovia, Deutsche Bank and Sartorius also closed with strong gains, while Rheinmetall ended down 4.4%.

In the French market, Schneider Electric moved up 6.5%. Kering gained about 5.6%, while Stellantis and Legrand gained 4.7% and 4.3%, respectively.

Saint Gobain, Societe Generale, Renault, LVMH, Capgemini, Publicis Groupe, Michelin, BNP Paribas, Teleperformance and Dassault Systemes also ended with impressive gains.

Thales and Accor closed lower by 1.5% and 1.4%, respectively.

In economic news, France's inflation accelerated more than expected in June largely due to higher services costs but the overall rate remained below the 2% target, preliminary estimate from the statistical office INSEE showed.

Consumer prices increased 0.9% year-on-year in June, faster than the 0.7% rise in May. The rate was forecast to remain unchanged at 0.7%.

EU harmonized inflation stood at 0.8%, while it was expected to rise moderately to 0.7% from 0.6% in May. Final data is due on July 11.

In a separate communiqué, the INSEE said producer prices rose for the first time in 18 months in May. Producer prices rose 0.2% in May from a year ago, following a 0.7% fall in April.

Another data showed that consumer spending growth softened in May as the rebound in energy consumption was partially offset by the decline in food and engineered goods consumption.

Eurozone economic sentiment deteriorated unexpectedly in June, survey data from the European Commission showed.

The economic confidence index fell to 94.0 in June from 94.8 in May. The score was forecast to rise to 95.1.

The industrial confidence index posted -12.0 in June, down from -10.4 a month ago. The reading was seen at -9.9.

Likewise, the consumer confidence indicator dropped to -15.3, in line with the flash estimate, from -15.1 in May.

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Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | Před 1 h 17 min

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | Před 1 h 44 min

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | Před 1 h 47 min

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | Před 2 h 2 min

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | Před 2 h 5 min

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.

RTTNews | Před 2 h 17 min

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 24,275-point plateau although it's expected to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. For the day, the index surged 512.91 points or 2.16 points to finish at 24,277.38 after trading between 24,108.75 and 24,362.02. Among the actives, Mega Financial and United Microelectronics Corporation both eased 0.12 percent, while Fubon Financial jumped 1.93 percent, E Sun Financial and Formosa Plastics both sank 0.74 percent, Taiwan Semiconductor Manufacturing Company accelerated 3.08 percent, Hon Hai Precision rallied 2.47 percent, Largan Precision added 0.42 percent, MediaTek soared 3.30 percent, Novatek Microelectronics climbed 1.18 percent, Nan Ya Plastics surged 3.53 percent, Asia Cement gained 0.40 percent and Cathay Financial, CTBC Financial and Catcher Technology were unchanged.

RTTNews | Před 2 h 47 min

EURUSD	1.16282	GBPUSD	1.3454	AUDUSD	0.64747
USDJPY	147.647	USDCAD	1.38565	USDCHF	0.80537