European Stocks Close Broadly Higher

RTTNews | 567天前
European Stocks Close Broadly Higher

(RTTNews) - European stocks closed broadly higher on Wednesday with investors digesting the Federal Reserve's minutes, and on slightly easing geopolitical tensions after Hamas and Israel reportedly agreed to a Qatar-mediated pause in fighting.

While the minutes of the latest Federal Reserve meeting failed to provide any indications the central bank plans to cut interest rates in the near future, CME Group's FedWatch Tool still suggests the next move will be a rate cut in mid-2024.

The pan European Stoxx 600 gained 0.3%. Germany's DAX climbed 0.43% and France's CAC 40 advanced 0.43%, while the U.K.'s FTSE 100 ended down 0.17%. Switzerland's SMI ended 0.47% up.

Among other markets in Europe, Belgium, Denmark, Greece, Netherlands, Russia, Spain and Sweden ended higher.

Iceland, Norway and Turkiye closed weak, while Austria, Finland, Poland and Portugal ended flat.

In the UK market, The Sage Group shares soared nearly 13.5% after reporting strong revenue growth in its full-year results and launching a share buyback.

Entain rallied 6%. Johnson Matthey, JD Sports Fashion, Carnival, BT and Royal Mail gained 3 to 5%.

IAG climbed 2.7% and Intermediate Capital gained about 2.2%. Halma, Smurfit Kappa Group, Compass, Flutter Entertainment, IHG, Diageo, Hiscox, Segro, Pennon, Easyjet, CRH and British American Tobacco gained 1 to 2%.

Kingfisher drifted down more than 6% after cutting its profit outlook for the second time in three months.

Rolls-Royce Holdings, BP, Royal Dutch Shell and Glencore lost 2 to 2.5%.

Rentokil Initial, Taylor Wimpey, Natwest Group, St. James's Place, Barclays and AstraZeneca ended lower by 1 to 1.4%.

In the German market, Puma and Symrise both gained more than 3%. Siemens Healthineers, Beiersdorf, Qiagen, Continental, Vonovia, Siemens, Adidas, SAP and Henkel gained 1 to 2%.

Thyssenkrupp surged nearly 7%. After reporting fiscal 2023 net loss of 2.0 billion euros, the industrial engineering and steel company said it sees profit and higher sales in RY24.

Bayer ended down 3.3%. Merck lost about 2.1%, while Covestro and Porsche ended down 1.6% and 1.4%, respectively. Commerzbank and Deutsche Bank posted moderate losses.

In Paris, Capgemini surged 3%. ArcelorMittal, Carrefour, Pernod Ricard, Michelin, LVMH, Hermes International and Unibail Rodamco ended higher by 1 to 2%.

TotalEnergies ended down 1.84%. Sanofi, Credit Agricole and Safran also closed weak.

In economic news, the European Commission said the consumer confidence indicator in the Euro area rose by 0.9 points from the previous month to -16.9 in November, the highest in three months, according to preliminary estimates.

Meanwhile, British finance minister Jeremy Hunt has announced tax cuts for workers, and given businesses permanent investment incentives in an attempt to speed up an economy that appears stuck in a rut.

The minister has also offered hefty rises in welfare payments and the state pension.

"After a global pandemic and energy crisis, we have taken difficult decisions to put our economy back on track," Hunt told parliament today in his Autumn Statement fiscal update.

read more
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Thursday, following the broadly negative cues from Wall Street overnight, after US President Donald Trump said he and Chinese President Xi Jinping "are going to work closely together to open up China to American Trade." However, signs of escalating geopolitical tensions in the Middle East are weighing on market sentiment.
RTTNews | 39分鐘前
Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments

Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments

Indian shares look set to open lower on Thursday as oil prices climbed on signs of rising tensions in the Middle East and U.S. President Donald Trump said he would notify trading partners within the next one to two weeks about the new unilateral tariff rates, with the choice to accept or reject them.
RTTNews | 1小時16分鐘前
Rally May Stall For Thai Stock Market

Rally May Stall For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, collecting more than 6 points or 0.6 percent along the way. The Stock Exchange of Thailand now rests just above the 1,140-point plateau although it may be stuck in neutral on Thursday.
RTTNews | 1小時50分鐘前
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, snapping a four-session winning streak, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 38,200 level, with weakness across most sectors led by automakers, exporters and technology stocks. Financial stocks are the only bright spot.
RTTNews | 2小時12分鐘前
Indonesia Bourse May Extend Wednesday's Losses

Indonesia Bourse May Extend Wednesday's Losses

The Indonesia stock market on Wednesday ended the three-day winning streak in which it had gained almost 190 points or 2.7 percent. The Jakarta Composite Index now rests just above the 7,220-point plateau and the losses may accelerate on Thursday.
RTTNews | 2小時20分鐘前
Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian market is trading slightly higher on Thursday, extending the gains in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving a tad above the 8,600 level, with gains in gold miners and eergy partially offset by weakness in iron ore miners.
RTTNews | 2小時32分鐘前
Hong Kong Bourse May Hand Back Wednesday's Gains

Hong Kong Bourse May Hand Back Wednesday's Gains

The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,360-point plateau and it's likely to remain rangebound on Thursday.
RTTNews | 2小時35分鐘前
Lower Open Anticipated For Taiwan Stock Market

Lower Open Anticipated For Taiwan Stock Market

The Taiwan stock market has moved higher in three straight sessions, accelerating more than 810 points or 3.6 percent along the way. The Taiwan Stock Exchange now sits just above the 22,470-point plateau although it's expected to open under water on Thursday.
RTTNews | 3小時20分鐘前