European Shares Retreat With Geopolitical Tensions In Focus

RTTNews | hace 916

(RTTNews) - European stocks declined on Tuesday along with U.S. equity futures amid concerns about U.S. rates staying higher for longer.

The dollar retained its strength as investors awaited minutes of the Fed's latest policy meeting due to be released on Wednesday for additional cues on the rate outlook.

Geopolitical tensions also remained on investors' radar on the eve of U.S. President Joe Biden's trip to Kyiv and Russian President Vladimir Putin's speech on the Ukraine war.

In economic releases, investors ignored survey results from S&P Global showing that the flash PMI for the euro zone reached a nine-month high of 52.3 om February.

The pan-European STOXX 600 was down 0.7 percent at 461.30 after ending flat with a positive bias on Monday.

The German DAX and France's CAC 40 both fell around 0.8 percent, while the U.K.'s FTSE 100 was down 0.2 percent.

InterContinental Hotels fell 1.4 percent in London despite reporting an uptick in 2022 profits and announcing a share buyback.

Self-storage group Safestore declined 1.5 percent after reporting slower trading in its first quarter.

Medical technology firm Smith+Nephew jumped nearly 5 percent despite reporting a drop in annual profit.

Mining giant Antofagasta shed 2.3 percent on posting lower full-year profits and revenue.

Lender HSBC declined 1.6 percent despite posting better-than-expected fourth-quarter results.

French energy company Engie SA soared nearly 5 percent after reporting a jump in 2022 earnings and lifting its dividend payout by 65 percent, thanks to higher natural gas and power prices in the wake of supply disruptions and Western sanctions on Russian gas.

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.

RTTNews | hace 11 minutos

Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

RTTNews | hace 42 minutos

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | hace 1h 22min

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | hace 1h 49min

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | hace 1h 52min

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | hace 2h 7min

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | hace 2h 9min

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.

RTTNews | hace 2h 22min

EURUSD	1.16283	GBPUSD	1.34538	AUDUSD	0.64749
USDJPY	147.693	USDCAD	1.38575	USDCHF	0.80539