European Stocks Rise On Bargain Hunting, Optimism Over Nvidia Results

RTTNews | 658 दिनों पहले
European Stocks Rise On Bargain Hunting, Optimism Over Nvidia Results

(RTTNews) - European stocks are up firmly in positive territory on Tuesday amid expectations of a good earnings update from U.S. technology major Nvidia, and preliminary reports on manufacturing activity in the month of August.

A drop in bond yields is contributing as well to the positive mood in the stock markets. Several stocks have moved higher on bargain hunting after recent sharp losses.

Investors are also looking ahead to the upcoming Jackson Hole Symposium in Wyoming, where central bankers are meeting on Thursday. Federal Reserve Chairman Jerome Powell is scheduled to speak on Friday.

The pan European Stoxx 600 is up 1.15%. The U.K.'s FTSE 100 is gaiing 0.63%, Germany's DAX is up 1.05% and France's CAC 40 is advancing 1.2%, while Switzerland's SMI is up 0.8%.

In the UK market, Anglo American Plc, Rio Tinto, JD Sports Fashion and Antofagasta are gaining 2 to 2.6%.

CRH, Fresnillo, Kingfisher, Glencore, Centrica, Land Securities, Royal Mail, Segro, Tayler Wimpey, Flutter Entertainment and M&G are advancing 1.2 to 1.8%. Vodafone, Barratt Developments and Smurfit Kappa Group are also notably higher.

In Paris, STMicroElectronics is up nearly 3%. Eurofins Scientific, ArcelorMittal, Essilor, Dassault Systemes, Renault, Veolia, Capgemini, Credit Agricole, Legrand and Alstom are rising 1.7 to 2.8%.

BNP Paribas, Societe Generale, Michelin, Carrefour, Kering, Bouygues, Air Liquide, Stellantis and Airbus are also up with strong gains.

In the German market, Infineon is rising nearly 3.5%. Vonovia is up 3.25%, while SAP, Puma and Siemens Energy are gaining 2.2 to 2.5%.

Adidas, Qiagen, Sartorius, HeidelbergCement, Symrise, BMW, Siemens, Allianz and Deutsche Bank are up 1 to 2%.

In economic news, data from the European Central Bank showed the eurozone recorded a current account surplus of EURO 36.8 billion in June, as against a revised EURO 4.4 billion deficit in the same month last year.

Data released by the Office for National Statistics showed public sector net borrowing in the UK was £3.5 billion in July 2023, up from £0.1 billion in the same month last year.

Public sector net borrowing excluding banks in the UK was £4.3 billion in July 2023, up from £0.9 billion in the same month last year and below market forecasts of £5.0 billion, the data showed.

read more
U.S. Stocks Mostly Subdued In Lackluster Trade

U.S. Stocks Mostly Subdued In Lackluster Trade

U.S. stocks are turning in a mixed performance in lackluster trade on Tuesday as traders await the outcome of the ongoing trade talks between China and the U.S. in London. Trade negotiations between the world's two largest economies commenced on Monday, and no big breakthrough seems to have been arrived as yet.
RTTNews | 50 मिनटों पहले
Eurozone Investor Confidence Strongest In A Year: Sentix

Eurozone Investor Confidence Strongest In A Year: Sentix

Euro area investor morale rose to the highest level in a year in June, driven by the economic recovery in Germany, survey data from the behavioral research institute Sentix showed Tuesday. The investor sentiment index rose to +0.2 in June from -8.1 in May. This was the highest reading since June 2024 and remained well above economists' forecast of -6.0.
RTTNews | 3घंटे 45 मिनट पहले
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Tuesday morning with investors looking for directional clues as they await the outcome of the U.S.-China trade negotiations.
RTTNews | 4घंटे 37 मिनट पहले
FTSE 100 Advances; Persimmon, Marks & Spencer Among Top Gainers

FTSE 100 Advances; Persimmon, Marks & Spencer Among Top Gainers

Despite data showing an increase in the nation's unemployment rate, U.K. stocks are up in positive territory a little past noon on Tuesday on selective buying amid some optimism over the ongoing U.S.-China trade talks in London.
RTTNews | 5घंटे 11 मिनट पहले
CAC 40 Down Marginally In Cautious Trade

CAC 40 Down Marginally In Cautious Trade

French stocks are largely subdued on Tuesday as investors refrain from making significant moves while awaiting the outcome of the ongoing trade talks between U.S. and Chinese officials in London.
RTTNews | 5घंटे 56 मिनट पहले
DAX Drifts Lower As Investors Await Outcome Of Sino-US Trade Talks

DAX Drifts Lower As Investors Await Outcome Of Sino-US Trade Talks

German stocks are drifting lower on Tuesday as investors await the outcome of high-level U.S. - China trade talks in London. The negotiations, which commenced on Monday, have not yielded any positive news so far.
RTTNews | 6घंटे 18 मिनट पहले
Sensex, Nifty End Choppy Session Narrowly Mixed

Sensex, Nifty End Choppy Session Narrowly Mixed

Indian shares fluctuated before ending little changed on Tuesday as investors waited for more details to emerge from the second day of ongoing U.S.-China trade negotiations in London.
RTTNews | 6घंटे 39 मिनट पहले
Yen Recovers Amid BoJ Rate Hike Speculation

Yen Recovers Amid BoJ Rate Hike Speculation

The Japanese yen recovered from early lows against other major currencies in the European session on Tuesday, as traders speculate that the Bank of Japan (BoJ) will hike interest rates this year.
RTTNews | 7घंटे 1 मिनट पहले