European Shares Edge Higher With Focus On Upcoming Powell Speech

RTTNews | vor 734 Tagen

(RTTNews) - European stocks traded higher on Friday after the release of some encouraging regional data.

Destatis reported that the German economy stabilized in spring after slight declines in the previous two quarters.

Gross domestic product posted nil growth in the second quarter after a 0.1 percent fall in the first quarter and a 0.4 percent decline in the fourth quarter of 2022.

With the latest flat growth, the biggest euro area economy ended a short period of recession.

Elsewhere, a survey revealed Britons are now less downbeat about the outlook for their personal finances.

The GfK consumer sentiment indicator rose to -25 in August from a three-month low of -30 in July, marking its biggest rise since April.

The pan European STOXX 600 was up 0.3 percent at 452.74 after declining 0.4 percent on Thursday.

The German DAX edged up 0.2 percent, France's CAC 40 added half a percent and the U.K.'s FTSE 100 gained 0.3 percent.

The euro fell to its lowest level since mid-June on expectations that the European Central Bank could soon pause rate hikes to support weakening growth.

Euro zone bond yields edged up after longer-dated U.S. Treasury yields soared to a 16-year high.

Higher metal prices helped lift miners, with Anglo American and Antofagasta climbing 1-2 percent.

Oil & gas giant BP Plc rose over 1 percent and Shell added 0.8 percent as crude prices advanced ahead of Fed Chair Jerome Powell's upcoming speech in Jackson Hole.

CMC Markets, a provider of online retail and institutional platform technology, plunged more than 10 percent after the company said that it sees lower net revenue trends for the fiscal 2024, on continued subdued market conditions.

Swedish telecom gear maker Ericsson was marginally lower after an announcement that it has renewed a multi-year global patent cross-licensing deal with Chinese electronic company, Huawei Technologies Co., Ltd.

European Shares Seen Higher At Open

European stocks are seen opening broadly higher on Thursday even as Nvidia's disappointing sales forecast raised concerns about the AI spending boom.

RTTNews | vor 40 Minuten

Sensex Nifty Decline On Tariff Worries

Indian shares opened on a sluggish note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect, impacting trade worth billions of dollars and risking Washington-New Delhi ties.

RTTNews | vor 1Std 32 Minuten

European Economic News Preview: Eurozone Economic Sentiment Data Due

Economic confidence and monetary aggregates from the euro area and flash GDP from Switzerland are the top economic news due on Thursday. At 3.00 am ET, the State Secretariat for Economic Affairs is slated to release Swiss GDP data for the second quarter. The economy is expected to grow 0.1 percent sequentially after rising 0.5 percent in the first quarter.

RTTNews | vor 1Std 33 Minuten

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.

RTTNews | vor 2Std 59 Minuten

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.

RTTNews | vor 3Std 14 Minuten

Sensex, Nifty Set To Open Lower As New U.S. Tariffs Take Effect

Indian shares may open on a weak note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect on Wednesday.

RTTNews | vor 3Std 45 Minuten

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.

RTTNews | vor 3Std 57 Minuten

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.

RTTNews | vor 4Std 5 Minuten

EURUSD	1.16441	GBPUSD	1.35087	AUDUSD	0.65138
USDJPY	147.106	USDCAD	1.37782	USDCHF	0.80158