European Shares Mixed As Investors React To Weak PMI Reports

RTTNews | vor 925 Tagen

(RTTNews) - European stocks were mostly higher on Monday amid hopes for a Fed pause in policy tightening.

In economic releases, economic activity for the Eurozone dropped further in October into recessionary territory, a survey showed earlier, with the S&P Global Composite PMI falling to 47.1, from 48.1 in September.

The economic activity in the U.K.'s private sector also contracted at an accelerating pace in early October. The S&P Global/CIPS Composite PMI dropped to 47.2 from 49.8 in September.

Italian political developments were also in focus after Giorgia Meloni was sworn in as the country's first woman prime minister on Saturday.

The pan European Stoxx 600 was up half a percent at 398.21 after declining 0.6 percent on Friday.

The German DAX edged up 0.4 percent and France's CAC 40 index added 0.3 percent while the U.K.'s FTSE 100 was down 0.4 percent.

The British pound gained ground as former chancellor Rishi Sunak closed in on becoming the new prime minister after the withdrawal of Boris Johnson from the Tory leadership race on Sunday night.

Banks traded mostly higher, with UBS, Deutsche Bank and Barclays rising 1-2 percent.

Dutch consumer electronics giant Philips Electronics NV tumbled 4 percent as it announced 4,000 job cuts following a massive recall of respiratory machines that slashed around 70 percent off its market value in the past year.

Technology investor Prosus plunged 12 percent, tracking weakness in Hong Kong tech giants.

Helical, a property investment and development company, jumped 3.2 percent in London after saying it had completed four new lettings totaling 19,642 sq. ft.

Pearson, a publishing and education company, soared 6.6 percent. The company said its underlying sales grew 7 percent in both the third quarter as well as in the first nine months of fiscal 2022.

Imerys, which specializes in the production and processing of industrial minerals, surged 4.1 percent after saying it wants to become the leading supplier of lithium in Europe.

Sensex, Nifty Marginally Higher In Cautious Trade

Indian shares were flat to slightly higher on Wednesday after the Indian Armed Forces launched precision missile strikes under 'Operation Sindoor', targeting nine terrorist sites in Pakistan and Pakistan-occupied Kashmir (PoK) in a strong response to the brutal Pahalgam terror attack.

RTTNews | vor 21 Minuten

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market moves on Wednesday, recouping some of the losses in the previous two sessions, with the benchmark S&P/ASX 200 staying well below the 8,200 level, despite the broadly negative cues from Wall Street overnight, with gains across most sectors led by mining and technology stocks.

RTTNews | vor 1Std 23 Minuten

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Wednesday, despite the negative cues from Wall Street overnight, as traders react to China's central bank saying it would cut its key policy rate by 10 basis points and lower the reserve requirement ratio by 50 basis points to boost growth. There is also confirmation that U.S. and Chinese officials are set to start formal trade talks this week.

RTTNews | vor 1Std 37 Minuten

Sensex, Nifty Set To Drift Lower After Strike On Pakistan Terror Bases

Indian shares look set to open lower on Wednesday after the Indian Armed Forces launched precision missile strikes under 'Operation Sindoor', targeting nine terrorist sites in Pakistan and Pakistan-occupied Kashmir (PoK) in a strong response to the brutal Pahalgam terror attack.

RTTNews | vor 2Std 6 Minuten

Japanese Market Slightly Lower

The Japanese stock market is trading slightly lower on Wednesday after opening in the green, snapping a seven-session winning streak, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 36,800 level, with weakness in exporters and automaker stocks partially offset by gains in technology and financial stocks.

RTTNews | vor 3Std 15 Minuten

Australian Market Slightly Higher

Australian shares are trading slightly higher on Wednesday, recouping some of the losses in the previous two sessions, with the benchmark S&P/ASX 200 staying below the 8,200 level, despite the broadly negative cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks nearly offset by weakness in technology stocks.

RTTNews | vor 3Std 37 Minuten

U.S. Dollar Declines Against Majors

The U.S. dollar fell against its major counterparts in the New York session on Tuesday, as investors awaited monetary policy decision from the Federal Reserve due on Wednesday.

RTTNews | vor 8Std 52 Minuten

Canadian Stocks Marginally Down In Cautious Trade

Canadian stocks are turning in a mixed performance on Tuesday with investors largely refraining from making significant moves amid lingering concerns about tariffs and some weak earnings updates.

RTTNews | vor 11Std 10 Minuten

EURUSD	1.1345	GBPUSD	1.3347	AUDUSD	0.64814
USDJPY	143.196	USDCAD	1.37924	USDCHF	0.82535

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European Shares Mixed As Investors React To Weak PMI Reports