European Shares Decline As Treasury Yields Climb

RTTNews | il y a 997

(RTTNews) - European shares fell sharply on Friday after two Federal Reserve officials said interest rates may need to move to a higher level than anticipated.

More hawkish rate repricing has driven up U.S. Treasury rates and dented demand for riskier assets.

In economic releases, investors ignored data showing that Germany's producer price inflation eased for the fourth straight month in January to reach its lowest level in nearly one-and-a-half years amid a continued slowdown in energy prices.

The producer price index climbed 17.8 percent year-over-year in January, which was slower than the 21.2 percent surge in December. Economists had forecast the price growth to ease to 16.4 percent.

Elsewhere, U.K. shop sales volumes unexpectedly rose by 0.5 percent in January, after falling in December, official figures showed.

The pan-European STOXX 600 was down 0.9 percent at 461.07 after gaining 0.2 percent on Thursday.

The German DAX fell over 1 percent, France's CAC 40 index gave up 0.9 percent and the U.K.'s FTSE 100 was down 0.3 percent.

Swiss specialty chemical firm Sika AG rallied 3 percent after its fiscal 2022 net profit grew 11 percent from last year.

Global reinsurance giant Swiss Re declined 1.4 percent after reporting a dip in net income for the full year 2022.

Sartorius AG, a German biopharmaceutical firm, fell nearly 2 percent after order intake dropped 6.1 percent in fiscal 2022 from last year.

Mercedes-Benz Group gained 2.5 percent. The carmaker delivered strong full-year results and said it intends to repurchase up to 4 billion euros of shares over the next two years.

Allianz SE lost 3.2 percent after fourth-quarter profits fell at its nonlife and asset-management operations.

Air France-KLM shares jumped more than 9 percent in Paris after the airline reported robust bookings for 2023 and forecast higher margins.

Kingspan Group shares soared 6.3 percent in London. The Irish building materials firm reported higher revenue and profit last year despite "bumpy" economic conditions. Medical products maker Smith+Nephew fell about 1 percent after naming Rupert Soames as its new chairman designate.

Warehouse specialist SEGRO advanced 1.5 percent after delivering a strong operational result for 2022.

Lender NatWest fell more than 8 percent despite reporting a strong rise in annual profits.

Japan Shares May Extend Monday's Gains

The Japan stock market has moved higher in two of three trading days since the end of the two-day slide in which it had plunged nearly 2,200 points or 4.2 percent. The Nikkei 225 now rests just above the 50,900-point plateau and it may add to its winnings on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The Nikkei finished sharply higher on Monday following gains from the financial shares and technology stocks, while the automobile producers were mixed. For the day, the index jumped 635.39 points or 1.26 percent to finish at 50,911.76 after trading between 50,392.44 and 50,969.50. Among the actives, Nissan Motor accelerated 2.11 percent, while Mazda Motor stumbled 2.06 percent, Toyota Motor rose 0.42 percent, Honda Motor plunged 4.67 percent, Softbank Group spiked 2.56 percent, Mitsubishi UFJ Financial and Mizuho Financial both collected 0.67 percent, Sumitomo Mitsui Financial added 0.65 percent, Mitsubishi Electric gathered 0.33 percent, Sony Group improved 0.59 percent, Panasonic Holdings perked 0.15 percent and Hitachi rallied 2.15 percent. The lead from Wall Street is solid as the major averages opened higher on Monday and largely spent most of the sessions firmly in positive territory.

RTTNews | il y a 1h 9min

KOSPI May Break Through 4,100-Point Barrier

The South Korea stock market has tracked higher in two of three trading days since the end of the two-day slide in which it had plummeted almost 220 points or 5 percent. The KOSPI sits just beneath the 4,075-point plateau and it's tipped to open in the green again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The KOSPI finished sharply higher on Monday with gains across the board, especially among the financial shares, technology stocks and industrials. For the day, the index surged 119.48 points or 3.02 percent to finish at 4,073.24 after trading between 3,984.24 and 4,092.91. Volume was 334 million shares worth 16.5 trillion won. There were 804 gainers and 98 decliners. Among the actives, Shinhan Financial collected 1.81 percent, while KB Financial spiked 4.28 percent, Hana Financial vaulted 4.57 percent, Samsung Electronics jumped 2.76 percent, Samsung SDI strengthened 2.94 percent, LG Electronics climbed 1.47 percent, SK Hynix rallied 4.48 percent, LG Chem expanded 3.93 percent, Lotte Chemical skyrocketed 7.12 percent, SK Innovation accelerated 3.97 percent, POSCO Holdings improved 1.51 percent, SK Telecom added 0.94 percent, KEPCO soared 4.88 percent, Hyundai Mobis gained 3.62 percent, Hyundai Motor increased 2.46 percent, Kia Motors surged 3.27 percent and Naver was unchanged.

RTTNews | il y a 1h 24min

Japan Current Account Data Due On Tuesday

Japan will on Tuesday release September figures for current account, highlighting a modest day for Asia-Pacific economic activity. The current account surplus is seen at 2.26 trillion yen, down from 246.35 trillion yen in the previous month.

RTTNews | il y a 1h 54min

Swiss Market Settles On Buoyant Note

The Switzerland market turned in a fine performance on Monday, in line with markets across the globe, amid hopes the U.S. government shutdown will end soon.

RTTNews | il y a 5h 38min

European Markets Close On Strong Note On Hopes Of End To US Government Shutdown

European stocks closed on a strong note on Monday and most of the major markets rebounded from multi-week lows posted in the previous session, as rising prospects of an end to the government shutdown in the U.S., helped underpin sentiment.

RTTNews | il y a 6h 4min

Technology, Materials Stocks Climb Higher; TSX Up Over 1%

After with a strong positive gap and moving further up north, the Canadian market remains high up in positive territory around noon on Monday with stocks from materials and technology sectors scoring impressive gains. The mood in the market is quite bullish amid prospects of an end to the US government shutdown.

RTTNews | il y a 7h 5min

Bay Street Looks Set To Open On Firm Note

Canadian stocks are likely to open on a firm note on Monday, riding on higher commodity prices and prospects of an end to the government shutdown in the U.S.

RTTNews | il y a 10h 45min

Dollar Declines Amidst Uncertain Fed Policy Outlook

The U.S. Dollar slipped during the week ended November 7 amidst uncertainty surrounding the Fed's monetary policy outlook.

RTTNews | il y a 11h 29min

EURUSD	1.15577	GBPUSD	1.31746	AUDUSD	0.65344
USDJPY	154.102	USDCAD	1.40207	USDCHF	0.80504