European Shares Extend Gains As Investors Look To ECB Meeting

RTTNews | hace 1060
European Shares Extend Gains As Investors Look To ECB Meeting

(RTTNews) - European stocks edged higher on Monday ahead of this week's ECB meeting and the expected resumption of an important gas pipeline that is currently closed for maintenance.

The euro held at one-week high after several Fed officials said they didn't favor a 100-bps rate hike.

At its July 21 meeting, the European Central bank is likely to hike its policy rates by 25 basis points and signal a 50-basis point increase for September.

Elsewhere, Italian Prime Minister Mario Draghi will address parliament on Wednesday after his resignation was rejected by the country's president.

The pan European Stoxx 600 jumped 1.45 percent to 419.79 after climbing 1.8 percent on Friday.

The German DAX, France's CAC 40 and the U.K.'s FTSE 100 were up between 1.3 percent and 1.4 percent.

Euromoney Institutional Investor jumped 9.4 percent after it agreed to be bought by a private equity consortium led by France's Astorg Asset Management for £1.6bn.

GSK slumped 19 percent after the drug maker spun of its consumer health business in the biggest listing in Europe for more than a decade.

Finland's Nordea Bank rallied 3.5 percent after its second-quarter profit beat estimates.

Food delivery company Deliveroo added 1.5 percent despite cutting its annual sales forecast.

Public relations and advertising giant WPP rose 1.2 percent after buying ecommerce agency Corebiz for an undisclosed amount.

read more
Thai Stock Market May Erase Thursday's Losses

Thai Stock Market May Erase Thursday's Losses

The Thai stock market on Thursday ended the two-day winning streak in which it had risen more than 6 points or 0.6 percent. The Stock Exchange of Thailand now rests just beneath the 1,130-point plateau and it's expected to open higher on Friday.
RTTNews | hace 31 minutos
Indonesia Shares May Move Higher On Friday

Indonesia Shares May Move Higher On Friday

The Indonesia stock market has moved lower in back-to-back sessions, slipping more than 25 points or 0.4 percent in that span. The Jakarta Composite Index now rests just above the 7,200-point plateau although it may find support on Friday.
RTTNews | hace 1h 1min
Japanese Market Sharply Lower

Japanese Market Sharply Lower

Extending the losses in the previous session, the Japanese market is sharply lower on Friday, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling below the 37,600 level, with weakness across most sectors led by index heavyweights, exporters and technology stocks.
RTTNews | hace 1h 3min
Little Movement Seen For Hong Kong Stock Market

Little Movement Seen For Hong Kong Stock Market

The Hong Kong stock market has alternated between positive and negative finishes through the last five trading days since the end of 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 24,030-point plateau and it's likely to remain rangebound on Friday.
RTTNews | hace 1h 16min
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday after opening in the green, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,600 level, with weakness is technology stocks partially offset by gains in gold miners and energy stocks.
RTTNews | hace 1h 26min
China Stock Market May Add To Its Winnings On Friday

China Stock Market May Add To Its Winnings On Friday

The China stock market has moved higher in back-to-back sessions, collecting more than 15 points or 0.4 percent in that span. The Shanghai Composite Index now sits just above the 3,400-point plateau and it's expected to see continued strength on Friday.
RTTNews | hace 1h 31min
Taiwan Shares May Bounce Higher Again On Friday

Taiwan Shares May Bounce Higher Again On Friday

The Taiwan stock market on Thursday ended the three-day winning streak in which it had rallied more than 810 points or 3.6 percent. The Taiwan Stock Exchange now sits just beneath the 22,290-point plateau and it may see renewed support on Friday.
RTTNews | hace 2h 1min
Singapore Bourse May Extend Thursday's Gains

Singapore Bourse May Extend Thursday's Gains

The Singapore stock market on Thursday ended the two-day slide in which it had fallen more than 15 points or 0.4 percent. The Straits Times Index now sits just above the 3,920-point plateau and it's tipped to open to the upside again on Friday.
RTTNews | hace 2h 31min