European Stocks Fail To Hold Early Gains, Closed On Mixed Note

RTTNews | vor 953 Tagen

(RTTNews) - European stocks started off on a firm note on Monday, but after several key indices rose to multi-month and multi-year highs, pared gains and ended mixed as investors turned cautious and looked ahead to more earnings and economic data from the U.S. for more clarity on the state of the world's largest economy.

Dovish comments from Bank of Japan's Governor and the People's Bank of China, and optimism about Chinese economy lifted sentiment early on in the session.

The Chinese economy is expected to have grown 4% in the first quarter versus 2.9% earlier. Industrial production in March is seen rising to 4% from 2.4% in the previous period.

The pan European Stoxx 600 edged down 0.01%. The U.K.'s FTSE 100 ended 0.1% up, Germany's DAX ended lower by 0.11%, and France's CAC 40 ended with a loss of 0.28% after scaling a new peak. Switzerland's SMI drifted down 0.27%.

Among other markets in Europe, Belgium, Denmark, Greece, Ireland, Norway, Poland, Portugal, Russia and Spain ended higher.

Czech Republic, Iceland, Netherlands and Turkiye closed weak, while Austria, Finland Sweden ended flat.

In the UK market, IAG, RS Group, Weir Group, Ashtead Group and Ocado Group gained 2 to 3%.

Smurfit Kappa Group, Airtel Africa, Rio Tinto, Flutter Entertainment, Tesco, Informa, Mondi, IHG, Anglo American Plc, Taylor Wimpey, Reckitt Benckiser, BT Group, Auto Trader Group and Smith DS gained 1 to 2%.

ABRDN, Barclays, Prudential, M&G, Beazley, Melrose Industries, Fresnillo, Natwest Group and HSBC Holdings ended lower by 1 to 2.3%.

In the German market, MTU Aero Engines rallied 2.5%. Daimler, HeidelbergCement, Continental, Covestro and Henkel gained 1 to 1.6%.

Commerzbank ended more than 3% down. Munich RE, Hannover Rueck, Puma and Deutsche Bank lost 2 to 2.6%. Adidas, Fresenius Medical Care, Mercedes-Benz, Porsche and Allianz also ended notably lower.

In Paris, Publicis Groupe, Safran and WorldLine climbed 2 to 2.5%. Airbus, Bouygues, Pernod Ricard, Danone, Orange, ArcelorMittal and Carrefour gained 1 to 1.5%.

Renault ended nearly 4% down. The company, which reported a 9% surge in sales in the first quarter, announced that it is reviewing its pricing policies of electric cars worldwide after Tesla cut prices to boost demand.

Capgemini lost more than 3%. LVMH, Essilor, Societe Generale, BNP Paribas and Hermes International lost 1.7 to 2.1%. Kering, AXA, Credit Agricole and Stellantis also ended notably lower.

U.S. Business Inventories Unexpectedly Unchanged In August

Business inventories in the U.S. unexpectedly came in flat in the month of August, according to a report released by the Commerce Department on Tuesday. The Commerce Department said business inventories were virtually unchanged in August following a downwardly revised 0.1 percent uptick in July.

RTTNews | vor 1Std 34 Minuten

U.S. Consumer Confidence Deteriorates Much More Than Expected In November

A report released by the Conference Board on Tuesday showed a substantial deterioration by U.S. consumer confidence in the month of November. The Conference Board said is consumer confidence index tumbled to 88.7 in November from an upwardly revised 95.5 in October. Economists had expected the consumer confidence index to dip to 93.3 from the 94.6 originally reported for the previous month.

RTTNews | vor 1Std 46 Minuten

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The National Association of Realtors released a report on Tuesday showing an unexpected jump by pending home sales in the U.S. in the month of October. October said its pending home sales index shot up by 1.9 percent to 76.3 in October after inching up by 0.1 percent to an upwardly revised 74.9 in September. Economists had expected pending home sales to decrease by 0.4 percent.

RTTNews | vor 2Std 4 Minuten

U.S. Producer Price Growth Matches Estimates In September

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RTTNews | vor 2Std 8 Minuten

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RTTNews | vor 2Std 24 Minuten

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RTTNews | vor 3Std 38 Minuten

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RTTNews | vor 3Std 41 Minuten

Bay Street May Open On Mixed Note

Canadian shares are likely to open on a mixed note Tuesday morning with investors tracking the trend in the commodities market, and awaiting fresh economic data from the U.S. Some profit taking is likely at a few counters in technology and materials sectors after recent strong upmove.

RTTNews | vor 4Std 32 Minuten

EURUSD	1.15695	GBPUSD	1.31837	AUDUSD	0.64509
USDJPY	156.073	USDCAD	1.41048	USDCHF	0.80747