European Shares Gain After UK, Eurozone Inflation Data

RTTNews | 33 hari yang lalu

(RTTNews) - European stocks traded higher on Wednesday after falling sharply the previous day on concerns about escalating geopolitical tensions and uncertainty about the outlook for U.S. rates.

In economic releases, data showed U.K. consumer price inflation rose by less than expected to 3.2 percent in March from 3.4 percent in February, making it likely that the Bank of England will lower its key interest rate later this year.

Final data from Eurostat revealed that inflation in the 20 nations sharing the euro currency slowed across the board last month, raising expectations for an ECB rate cut in June.

Euro zone inflation slowed to 2.4 percent from 2.6 percent in February, matching the preliminary estimate released earlier this month.

The pan European STOXX 600 rose half a percent to 500.77 after falling 1.5 percent in its worst session in nine months on Tuesday.

The German DAX gained half a percent, France's CAC 40 jumped 1.1 percent and the U.K.'s FTSE 100 was up 0.4 percent.

In corporate news, Swedish commercial vehicle major AB Volvo rose 2.4 percent after its Q1 adjusted operating profit beat forecasts.

Dutch semiconductor equipment maker ASML Holding N.V. slumped 4.1 percent after reporting weaker-than-expected new bookings in its first-quarter results.

Likewise, food delivery company Just Eat Takeaway.com lost 5.5 percent after orders slipped in the first quarter.

Mining giants Antofagasta, Glencore, Rio Tinto and Anglo American rallied 2-4 percent after iron ore futures climbed to their highest levels in more than five weeks.

Fast-fashion retailer ASOS climbed 2.5 percent after backing its guidance for the fiscal year and naming a new CFO.

Saga, a specialist in products and services for people over 50, declined 1.7 percent after it posted a loss before tax of 129.0 million pounds for the year ended 31 January 2024.

Gambling group Entain climbed 3 percent after delivering Q1 online gaming revenue ahead of expectation.

Japanese Market Slightly Higher

Adding the gains in the previous session, the Japanese stock market is slightly higher on Tuesday, with the Nikkei 225 moving above the 39,100 level, following the mixed cues from Wall Street overnight, with gains in some Index heavyweights and technology stocks.

RTTNews | 4h 58menit yang lalu

Sensex, Nifty Seen Higher At Open

Indian shares are seen opening flat to higher on Tuesday despite mixed global cues, elevated geopolitical tensions and lingering uncertainty over the timing and pace of Fed rate cuts.

RTTNews | 5h 0menit yang lalu

Thai Stock Market Called Higher On Tuesday

The Thai stock market on Monday ended the two-day winning streak in which it had picked up more than a dozen points or 0.9 percent. The Stock Exchange of Thailand now sits just beneath the 1,380-point plateau although it's expected to open to the upside on Tuesday. The global forecast for the Asian markets is cautiously optimistic, with strength likely from the technology shares. The European markets were up and the U.S. bourses were mixed and the Asian markets are tipped to open to the upside.

RTTNews | 5h 23menit yang lalu

RBA Minutes: Inflation Slowing Less Than Expected

Members of the Reserve Bank of Australia's Monetary Policy Board said that the country's economy was slowing and that inflation was declining less than expected, minutes from the central bank's May 7 meeting revealed on Tuesday.

RTTNews | 5h 33menit yang lalu

Indonesia Shares May Reverse Monday's Losses

The Indonesia stock market on Monday snapped the three-day winning streak in which it had jumped more than 230 points or 3.3 percent. The Jakarta Composite Index now sits just beneath the 7,270-point plateau although it's expected to rebound on Tuesday. The global forecast for the Asian markets is cautiously optimistic, with strength likely from the technology shares. The European markets were up and the U.S. bourses were mixed and the Asian markets are tipped to open to the upside. The JCI finished modestly lower on Monday following losses from the financial shares and mixed performances from the cement and resource companies. For the day, the index sank 50.55 points or 0.69 percent to finish at 7,266.69 after trading between 7,243.01 and 7,374.55. Among the actives, Bank CIMB Niaga sank 0.80 percent, while Bank Mandiri plunged 3.80 percent, Bank Danamon Indonesia fell 0.37 percent, Bank Negara Indonesia plummeted 3.77 percent, Bank Central Asia tanked 2.82 percent, Bank Rakyat Indonesia stumbled 2.03 percent, Indosat Ooredoo Hutchison surrendered 3.48 percent, Indocement rose 0.36 percent, Semen Indonesia slumped 1.72 percent, Indofood Sukses Makmur climbed 1.22 percent, United Tractors accelerated 2.47 percent, Astra International retreated 1.25 percent, Energi Mega Persada soared 2.07 percent, Astra Agro Lestari strengthened 1.64 percent, Aneka Tambang rallied 2.16 percent, Vale Indonesia skyrocketed 7.52 percent, Timah lost 0.51 percent, Bumi Resources spiked 2.17 percent and Perusahaan Perseroan and Jasa Marga were unchanged.

RTTNews | 5h 53menit yang lalu

Australian Market Modestly Lower

The Australian stock market is modestly lower on Tuesday after opening in the green, giving up some of the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 7,900 level, with weakness in iron ore miners and energy stocks are partially offset by gains in technology stocks.

RTTNews | 5h 57menit yang lalu

Higher Open Called For Hong Kong Stock Market

The Hong Kong stock market has moved higher in three straight sessions, climbing almost 560 points or 3 percent along the way. The Hang Seng Index now sits just above the 19,630-point plateau and it may see additional support on Tuesday. The global forecast for the Asian markets is cautiously optimistic, with strength likely from the technology shares. The European markets were up and the U.S. bourses were mixed and the Asian markets are tipped to open to the upside.

RTTNews | 6h 8menit yang lalu

China Bourse May Challenge Resistance At 3,200 Points

The China stock market has tracked higher in three straight sessions, gathering more than 50 points or 1.8 percent in that span. The Shanghai Composite Index now sits just above the 3,170-point plateau and it's tipped to open in the green again on Tuesday. The global forecast for the Asian markets is cautiously optimistic, with strength likely from the technology shares. The European markets were up and the U.S. bourses were mixed and the Asian markets are tipped to open to the upside. The SCI finished modestly higher again on Monday following gains from the resource and energy companies, while the financials were soft and the properties were mixed. For the day, the index added 17.12 points or 0.54 percent to finish at 3,171.15 after trading between 3,155.99 and 3,174.27. The Shenzhen Composite Index gained 8.39 points or 0.47 percent to end at 1,793.98. Among the actives, Industrial and Commercial Bank of China dipped 0.18 percent, while Bank of China shed 0.45 percent, China Construction Bank lost 0.42 percent, China Merchants Bank retreated 1.28 percent, Bank of Communications sank 0.57 percent, China Life Insurance advanced 1.00 percent, Jiangxi Copper skyrocketed 5.87 percent, Aluminum Corp of China (Chalco) surged 4.76 percent, Yankuang Energy soared 3.54 percent, PetroChina rallied 2.92 percent, China Petroleum and Chemical (Sinopec) climbed 1.10 percent, Huaneng Power jumped 1.70 percent, China Shenhua Energy accelerated 2.61 percent, Gemdale spiked 5.25 percent, Poly Developments slumped 1.07 percent and China Vanke was up 2.00 percent.

RTTNews | 6h 23menit yang lalu

EURUSD	1.0853	GBPUSD	1.27044	AUDUSD	0.66551
USDJPY	156.477	USDCAD	1.3638	USDCHF	0.91107