European Shares Mostly Higher Ahead Of Fed, BoE Rate Decisions

RTTNews | 1028天前

(RTTNews) - European stocks were flat to slightly higher on Wednesday as investors awaited the outcome of key meetings at the Federal Reserve and the Bank of England.

Eurozone bond yields struggled for direction and the dollar dipped as investors awaited the U.S. Fed's monetary policy announcement later in the day.

The U.S. central bank is widely expected to raise interest rates by another 75 basis points, but investors are pinning hopes that the Fed will signal plans to slow the pace of rate hikes at upcoming meetings.

Thursday's Bank of England meeting has become a close call between 50 bps and 75 bps. The pan European STOXX 600 rose 0.3 percent to 416.03 after gaining 0.6 percent on Tuesday.

The German DAX edged up 0.1 percent and France's CAC 40 index added half a percent while the U.K.'s FTSE 100 was little changed.

Danish drug maker Novo Nordisk surged 5 percent after raising its full-year earnings outlook.

Maersk, the world's largest container shipping firm, plunged 5.6 percent after it warned of a slowdown in container demand.

Swiss dental equipment firm Straumann gained 1 percent after raising its 2022 sales outlook.

Sodexo shares fell about 2 percent as the French food services and facilities management company announced its strategic plans to accelerate future revenue growth.

British paper packaging giant Smurfit Kappa tumbled 3.2 percent despite delivering strong performance for the first nine months of 2022.

Next, the clothing and homeware chain, jumped 2.4 percent after maintaining its profit guidance for the year.

Luxury car maker Aston Martin Lagonda slumped 12 percent after its loss for the third quarter more than doubled.

Pharmaceutical and biotechnology firm GSK rose 1.2 percent after lifting its 2022 sales growth outlook.

In economic releases, German exports dropped 0.5 percent month-on-month in September after rising 2.9 percent in August, Destatis reported.

Another report revealed that Germany's jobless rate held steady at seasonally adjusted 3.0 percent in September.

Eurozone manufacturing PMI was finalized at 46.4 in October, down from September's 48.4.

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains in mining and financial stocks.

RTTNews | 11分鐘前

Hong Kong Shares Expected To Open To The Upside

The Hong Kong stock market on Tuesday ended the two-day winning streak in which it had advanced more than 825 points or 3.4 percent. The Hang Seng Index now rests just above the 25,520-point plateau although it may find renewed support on Wednesday.

RTTNews | 20分鐘前

Higher Open Called For China Stock Market

The China stock market on Tuesday halted the four-day winning streak in which it had rallied almost 160 points or 4.4 percent. The Shanghai Composite Index now sits just beneath the 3,870-point plateau although it may move back to the upside again on Wednesday.

RTTNews | 35分鐘前

Win Streak May Continue For Taiwan Stock Market

The Taiwan stock market has tracked higher in back-to-back sessions, gathering almost 540 points or 2.2 percent along the way. The Taiwan Stock Exchange now rests just above the 24,300-point plateau and it may add to its winnings again on Wednesday.

RTTNews | 1小時5分鐘前

Singapore Stock Market Expected To Open In The Green

The Singapore stock market on Tuesday snapped the five-day winning streak in which it had climbed almost 70 points or 1.6 percent. The Straits Times Index now sits just above the 4,240-point plateau although it may move back above water on Wednesday.

RTTNews | 1小時35分鐘前

Malaysia Stock Market Expected To Open To The Upside On Wednesday

The Malaysia stock market on Tuesday wrote a finish to the three-day winning streak in which it had collected almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,580-point plateau although it's likely to rebound on Wednesday.

RTTNews | 2小時5分鐘前

Japan Stock Market May See Renewed Support

The Japan stock market on Tuesday halted the two-day winning streak in which it had advanced almost 200 points or 0.5 percent. The Nikkei 225 now rests just beneath the 42,400-point plateau although it's expected to open in the green on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead. The Nikkei finished sharply lower on Tuesday following losses from the financial shares, technology stocks and automobile producers. For the day, the index slumped 413.42 points or 0.97 percent to finish at 42,394.40 after trading between 42,137.62 and 42,703.27. Among the actives, Nissan Motor plummeted 6.25 percent, while Mazda Motor added 0.40 percent, Toyota Motor retreated 1.41 percent, Honda Motor tumbled 1.71 percent, Softbank Group dropped 0.91 percent, Mitsubishi UFJ Financial sank 0.72 percent, Mizuho Financial shed 0.45 percent, Sumitomo Mitsui Financial skidded 1.01 percent, Mitsubishi Electric tumbled 1.91 percent, Sony Group declined 1.87 percent, Panasonic Holdings slumped 1.11 percent and Hitachi contracted 1.63 percent.

RTTNews | 2小時20分鐘前

Rebound Tipped For South Korea Stock Market

The South Korea stock market on Tuesday ended the three-day winning streak in which it had improved almost 80 points or 2.6 percent. The KOSPI now sits just shy of the 3,180-point plateau although it may reverse those losses on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.

RTTNews | 2小時35分鐘前

EURUSD	1.16341	GBPUSD	1.34743	AUDUSD	0.65036
USDJPY	147.586	USDCAD	1.38303	USDCHF	0.80414