European Shares Edge Higher As Investors Look To ECB Meeting

RTTNews | 6 days ago
European Shares Edge Higher As Investors Look To ECB Meeting

(RTTNews) - European shares inched higher on Wednesday as investors braced for a 25-basis point rate cut from the European Central Bank when it meets on Thursday.

In economic releases, data showed Eurozone's services sector contracted modestly in May, with the final PMI Services reading falling to 49.7 from April's 50.1. The U.K. services PMI was finalized at 50.9, up from April's 27-month low of 49.0.

The pan European STOXX 600 was up half a percent at 551.26 after finishing marginally lower on Tuesday.

The German DAX jumped 0.9 percent as the cabinet approved a tax relief package designed to stimulate the nation's slow-moving economy and support companies.

France's CAC 40 added 0.7 percent and the U.K.'s FTSE 100 was marginally higher ahead of a deadline for U.S. trading partners to make their "best offers".

Airbus shares were up 3.5 percent after Bloomberg News reported that China is considering placing an order for hundreds of Airbus SE aircraft as soon as next month.

Royal Philips rose about 1 percent as the health technology company unveiled plans to repurchase up to 6 million shares to meet certain obligations arising from long-term incentive plans.

Discount retailer B&M European Value Retail slumped 7 percent after posting a mixed bag of results for the past year.

Property management firm Hammerson fell 2.3 percent after an announcement that its Chief Executive Officer, Rita-Rose Gagne, plans to retire in 2026.

WH Smith rallied 3.2 percent. The company maintained its full-year outlook after reporting continued strong performance in its global travel retail business for the 13-week period ending May 31,2025.

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Sensex, Nifty Marginally Higher In Lackluster Trade

Sensex, Nifty Marginally Higher In Lackluster Trade

Indian shares were marginally higher on Wednesday after top U.S. and Chinese officials agreed on a "framework" to move forward on trade, following two days of high-level talks in London.
RTTNews | 3h 23min ago
Australian Market Trims Early Gains In Mid-market

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RTTNews | 4h 25min ago
Asian Markets Track Wall Street Higher

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RTTNews | 4h 49min ago
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Indian shares are seen opening little changed on Wednesday despite top U.S. and Chinese officials agreeing on a "framework" to move forward on trade, following two days of high-level talks in London.
RTTNews | 5h 18min ago
Thai Bourse May Extend Tuesday's Gains

Thai Bourse May Extend Tuesday's Gains

The Thai stock market on Tuesday ended the two-day slide in which it had slipped more than 5 points or 0.4 percent. The Stock Exchange of Thailand now rests just beneath the 1,140-point plateau and it may tick higher again on Wednesday.
RTTNews | 5h 49min ago
Japanese Market Modestly Higher

Japanese Market Modestly Higher

The Japanese stock market is trading modestly higher on Wednesday, extending the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 38,300 level, with gains across most sectors led by index heavyweights and technology stocks. Financial stocks are a weak spot.
RTTNews | 6h 15min ago
Indonesia Shares May Open To The Upside

Indonesia Shares May Open To The Upside

The Indonesia stock market has moved higher in three straight sessions, gathering almost 190 points or 2.7 percent along the way. The Jakarta Composite Index now rests just above the 7,230-point plateau and it's looking at a firm lead again for Wednesday's trade.
RTTNews | 6h 19min ago