European Shares Inch Higher As Investors Look To ECB

RTTNews | 504 days ago

(RTTNews) - European stocks were broadly higher on Monday as Middle East tensions eased, and investors looked ahead to an ECB policy meeting and key U.S. inflation data due later this week for important clues on the interest rate path.

Meanwhile, investors cheered data showing that German industrial production rose more than expected in February, helped by a recovery in the construction and car industry.

Germany's industrial output posted a monthly growth of 2.1 percent, following a revised 1.3 percent rise in January, Destatis reported.

This was much faster than economists' forecast of 0.3 percent expansion. On a yearly basis industrial production plunged 4.9 percent after easing 5.3 percent a month ago.

Elsewhere, separate data revealed that Eurozone investor morale rose for the sixth consecutive month to hit a two-year high in April.

Sentix's index for the euro zone improved to -5.9 points from -10.5 in March. The reading beat forecasts for a score of -8.5 and marked its highest level since February 2022.

The Expectations Index rose from -2.3 in the previous month to 5.0 while the index on the Current Situation rose to -16.3 from -18.5 in March.

The pan European STOXX 600 edged up 0.1 percent to 507.15 after falling 0.8 percent on Friday.

The German DAX and France's CAC 40 both rose about 0.4 percent while the U.K.'s FTSE was little changed amid ongoing concerns over an extended downturn in China's property market.

Mining giant Anglo American rose 1.3 percent, Antofagasta added half a percent and Glencore climbed 1.4 percent as Shanghai copper prices jumped to a record high following supply cuts and positive demand prospects.

Entain rallied 3.4 percent after reports that private equity outfit Apollo was mulling a break-up bid for the troubled sports betting and gaming group.

German automaker BMW gained 1.6 percent, Mercedes Benz climbed 2.6 percent and Volkswagen added 0.6 percent.

Online fashion retailer Zalando jumped nearly 4 percent after brokerage Citigroup raised its rating on the stock.

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.

RTTNews | 22 minutes ago

Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

RTTNews | 53 minutes ago

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 1h 33min ago

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | 2h 1min ago

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2h 3min ago

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2h 18min ago

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | 2h 21min ago

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.

RTTNews | 2h 33min ago

EURUSD	1.16307	GBPUSD	1.34576	AUDUSD	0.6475
USDJPY	147.691	USDCAD	1.38565	USDCHF	0.80532