European Shares Extend Gains On ECB's Dovish Outlook

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(RTTNews) - European stocks hit new record highs on Friday, a day after the European Central Bank delivered a widely expected 25-basis point interest-rate cut and guided for a further reduction in March due to concerns about economic growth.

Meanwhile, investors shrugged off data that showed German retail sales unexpectedly contracted on a monthly basis in December.

Also, there has been a slight increase in the number of unemployed people in Germany, with the unemployment rate rising to 6.0 percent as of December 2024 in comparison to 5.7 percent during the same time in 2023.

Elsewhere, French consumer price increased slightly less than anticipated in January.

The pan European STOXX 600 was up 0.3 percent at 540.27 after climbing 0.9 percent in the previous session.

The German DAX was marginally higher, France's CAC 40 gained 0.2 percent and the U.K.'s FTSE 100 added 0.3 percent.

Swiss pharma giant Novartis AG rallied 3 percent after posting better-than-expected fourth-quarter sales and lifting dividend.

SKF AB fell nearly 1 percent after fourth-quarter organic sales fell by 3.1 percent, reflecting weaker demand.

ATOSS Software SE surged 4 percent. The company proposed higher dividend after reporting a rise in Q4 profit.

Smiths Group shares soared more than 12 percent in London. The engineering firm has announced a number of strategic actions, including a further increase in its share buyback program to enhance returns to shareholders.

Industrial technology group Hexagon jumped 7.4 percent after posting a surprise rise in its Q4 operating profit.

European Economic News Preview: Eurozone Final Composite PMI Data Due

Composite Purchasing Managers' survey results from the euro area and other major euro area economies are due on Tuesday. At 2.45 am ET, France's statistical office INSEE publishes industrial output data for June. Production is forecast to grow 0.8 percent on a monthly basis, in contrast to the 0.5 percent fall in May. At 3.00 am ET, Spain's INE publishes industrial output data for June.

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European Shares Set To Open On Firm Note

European stocks are seen opening higher on Tuesday as investors await the next batch of earnings and any new developments on the trade front.

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Sensex, Nifty Open Lower After Trump's Fresh Tariff Threat

Indian shares opened on a sluggish note Tuesday after U.S. President Donald Trump threatened to "substantially" raise tariffs on goods imported from India, accusing that the country profited from Russia's war in Ukraine by purchasing large quantities of Russian oil and reselling it on the global market.

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Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market trading on Tuesday, adding to the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,750 level, with gains across all sectors led by mining, energy and technology stocks.

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Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, amid optimism the weak monthly US jobs data will lead the US Fed to lower interest rates next month. Traders also picked up stocks at a bargain following the recent downturn in the markets. Asian markets closed mixed on Monday.

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Sensex, Nifty Set To Open Lower As Trump Again Threatens India With Harsh Tariffs

Indian shares may open on a weak note Tuesday after U.S. President Donald Trump threatened to "substantially" raise tariffs on goods imported from India, accusing that the country profited from Russia's war in Ukraine by purchasing large quantities of Russian oil and reselling it on the global market.

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Additional Support Anticipated For Thai Stock Market

The Thai stock market on Monday ended the two-day slide in which it had fallen more than 25 points or 2 percent. The Stock Exchange of Thailand now sits just above the 1,230-point plateau and it's expected to open to the upside again on Tuesday.

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Japanese Market Modestly Higher

The Japanese stock market is trading modestly higher on Tuesday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight, with the Nikkei 225 moving well above the 40,400 level, with small gains across most sectors led by exporters, automakers and financial stocks.

RTTNews | 4घंटे 20 मिनट पहले

EURUSD	1.15478	GBPUSD	1.32747	AUDUSD	0.64584
USDJPY	147.19	USDCAD	1.37913	USDCHF	0.80995

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European Shares Extend Gains On ECB's Dovish Outlook