European Shares Mixed In Lackluster Trade

RTTNews | vor 958 Tagen

(RTTNews) - European shares traded mixed on Tuesday, as investors digested a slew of earnings updates and looked ahead to the policy meetings by the European Central Bank and Federal Reserve for directional cues.

As the initial euphoria over the election of Rishi Sunak as the U.K. Prime Minister fades, investors now await Finance Minister Jeremy Hunt's budget on October 31 to see how he plans to plug a £40bn black hole in Britain's public finances exacerbated by Truss's disastrous package of unfunded tax cuts.

In economic releases, German business confidence dropped slightly in October, survey results from ifo Institute showed earlier today. The business confidence index fell less-than-expected to 84.3 in October from 84.4 in the previous month. The score was seen at 83.3.

The pan-European STOXX 600 index was up 0.2 percent at 402.43 after closing 1.4 percent higher at its highest level in nearly a week the previous day.

The German DAX and the U.K.'s FTSE 100 both dropped around half a percent, while France's CAC 40 index was up 0.3 percent.

Swiss banking giant UBS Group AG surged 4.7 percent after beating profit expectations in its third quarter.

Sika AG gained 1 percent. The U.K.'s Competition and Markets Authority announced that it was considering a solution to address concerns relating to the merger of Sika AG and MBCC Group.

Alfa Laval plummeted 9.5 percent after the Swedish engineering group missed quarterly earnings forecasts.

HSBC Holdings plunged 7 percent after the bank reported higher-than-expected charges for possible loan losses in its third-quarter results.

IT infrastructure services provider Softcat fell about 1 percent despite reporting a rise in full-year profit and revenue.

Online beauty products seller THG soared 12.2 percent after backing its full-year outlook.

Remy Cointreau shares slumped 6.5 percent in Paris after the spirits firm said that sales and profit growth in the second half would be slower than the first half.

Air Liquide jumped nearly 4 percent. After delivering significantly higher revenue in the third quarter, the industrial gases company said it is confident in its ability to further increase its operating margin and to deliver recurring net profit growth, at constant exchange rates.

SAP climbed 3.6 percent after the German business software maker said it would miss deadline to exit Russia before the end of the year.

Chemicals maker Covestro lost 4.3 percent after cutting its 2022 earnings guidance for the third time this year.

Sensex, Nifty Seen Higher At Open As Sino-US Talks Continue

Indian shares look set to open on a positive note Tuesday as top officials from the U.S. and China continue their trade talks for a second day today to resolve their differences and ease tensions over rare-earth minerals and technology shipments.

RTTNews | vor 34 Minuten

Thai Bourse May Extend Losing Streak

The Thai stock market has ticked lower in back-to-back sessions, slipping more than 5 points or 0.4 percent along the way. The Stock Exchange of Thailand now rests just above the 1,135-point plateau and it may take further damage 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.

RTTNews | vor 1Std 5 Minuten

Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Tuesday, extending the gains in the previous two sessions, following the mixed cues from Wall Street overnight, with the Nikkei 225 moving up to near the 38,300 level, with gains across most sectors led by index heavyweights and technology stocks. Financial stocks were the only weak spot.

RTTNews | vor 1Std 27 Minuten

Lower Open Anticipated For Indonesia Stock Market

Ahead of the long holiday weekend for Eid-al-Adha, the Indonesia stock market had moved higher in back-to-back sessions, gathering almost 70 points or 1 percent along the way. The Jakarta Composite Index now rests just above the 7,110-point plateau although it's likely to open under pressure 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 JCI finished modestly higher on Thursday following gains from the financials and mixed performances from the resource and cement companies. For the day, the index added 44.39 points or 0.63 percent to finish at 7,113.42 after trading between 7,083.89 and 7,136.64. Among the actives, Bank CIMB Niaga sank 0.87 percent, while Bank Mandiri climbed 1.00 percent, Bank Negara Indonesia spiked 2.79 percent, Bank Central Asia shed 0.56 percent, Bank Rakyat Indonesia collected 0.49 percent, Indosat Ooredoo Hutchison added 0.48 percent, Indocement advanced 0.98 percent, Semen Indonesia tumbled 1.79 percent, Indofood Sukses Makmur dropped 0.91 percent, United Tractors perked 0.12 percent, Energi Mega Persada plunged 4.24 percent, Astra Agro Lestari retreated 1.26 percent, Aneka Tambang tanked 2.82 percent, Vale Indonesia plummeted 4.13 percent, Timah rallied 2.07 percent, Bumi Resources soared 2.50 percent and Astra International and Bank Danamon Indonesia were unchanged.

RTTNews | vor 1Std 35 Minuten

Hong Kong Shares Tipped To Open In The Red On Tuesday

The Hong Kong stock market bounced higher again on Monday, one session after ending the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,180-point plateau although it may hand back those 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.

RTTNews | vor 1Std 50 Minuten

Australian Market Notably Higher

The Australian stock market is trading notably higher on Tuesday, reversing some of the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,550 level, with gains across most sectors led by technology and energy stocks. Gold miners were the only weak spot.

RTTNews | vor 1Std 55 Minuten

China Stock Market Due For Consolidation On Tuesday

The China stock market has finished higher in five straight sessions, advancing more than 50 points or 1.5 percent along the way. The Shanghai Composite Index now sits just beneath the 3,400-point plateau although it's expected to open to the downside 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.

RTTNews | vor 2Std 5 Minuten

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market found renewed support on Monday, one session after ending the three-day winning streak in which it had jumped almost 680 points or 3.2 percent. The Taiwan Stock Exchange now sits just above the 21,790-point plateau although it may head south 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 TSE finished modestly higher on Monday following gains from the financial shares, technology stocks and plastics companies. For the day, the index gained 129.63 points or 0.60 percent to finish at 21,790.29 after trading between 21,717.52 and 21,866.27. Among the actives, Cathay Financial and CTBC Financial both collected 0.16 percent, while Mega Financial slid 0.25 percent, First Financial gained 0.55 percent, E Sun Financial improved 0.65 percent, Taiwan Semiconductor Manufacturing Company rallied 1.01 percent, United Microelectronics Corporation strengthened 1.44 percent, Hon Hai Precision climbed 0.98 percent, Largan Precision advanced 0.86 percent, Catcher Technology fell 0.24 percent, MediaTek increased 0.39 percent, Delta Electronics added 0.38 percent, Novatek Microelectronics dipped 0.20 percent, Nan Ya Plastics perked 0.17 percent, Asia Cement rose 0.24 percent and Formosa Plastics and Fubon Financial were unchanged.

RTTNews | vor 2Std 35 Minuten

EURUSD	1.13974	GBPUSD	1.35358	AUDUSD	0.65187
USDJPY	144.94	USDCAD	1.37057	USDCHF	0.82303

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European Shares Mixed In Lackluster Trade