European Shares Mostly Higher Ahead Of Lagarde's Speech

RTTNews | 672 days ago

(RTTNews) - European stocks were mostly higher on Tuesday as bond yields eased and investors looked ahead to earnings reports from tech giants, including Microsoft Corp., Alphabet Inc. and Amazon.com, later this week for direction.

The euro traded lower after a survey showed Eurozone business activity took a surprise turn for the worse this month.

The HCOB's flash euro zone Composite Purchasing Managers' Index (PMI), compiled by S&P Global, dropped to 46.5 from September's 47.2 - hitting its lowest since November 2020.

German consumer confidence weakened for a third consecutive month in November and contraction persisted in the U.K.'s private sector for a third consecutive month, while the U.K.'s jobless rate was unchanged in the three months to August, separate reports showed.

European Central Bank (ECB) president Christine Lagarde is due to speak later today ahead of the ECB's policy meeting on Thursday.

The pan European STOXX 600 was marginally higher at 433.36 after closing 0.1 percent lower on Monday.

The German DAX edged up 0.1 percent and France's CAC 40 added 0.3 percent while the U.K.'s FTSE 100 was down 0.1 percent.

Italian lender UniCredit was slightly lower despite beating Q3 profit estimates.

Swiss computer parts maker Logitech International soared 10 percent after lifting its full-year guidance.

Miners advanced, with Anglo American, Antofagasta and Glencore all rising around 1 percent as base metal prices rose on a weaker dollar.

Barclays slumped 6.3 percent after the British lender warned of margin pressure and hinted at major cost cutting later this year.

Peers Lloyds Banking Group and NatWest fell around 2 percent each.

Distribution services giant Bunzl tumbled 4.5 percent after revenue for the third quarter fell 4.8 percent at constant exchange rates.

Birkin bag maker Hermes rose over 2 percent in Paris after third-quarter sales beat expectations.

Puma shares jumped nearly 4 percent after the German sportswear brand stood by its full-year profit outlook.

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 | 39 minutes ago

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 | 1h 9min ago

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 | 1h 24min ago

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 | 1h 39min ago

Australia Construction Work Data Due On Wednesday

Australia will on Wednesday see Q2 numbers for construction work done, highlighting a light day for Asia-Pacific economic activity.

RTTNews | 2h 39min ago

U.S. Dollar Falls Against Majors

The U.S. dollar dropped against its major counterparts in the New York session on Tuesday.

RTTNews | 3h 52min ago

TSX Modestly Higher As Financials, Mining Stocks Move Up

Despite concerns about global trade, and political uncertainty in Europe, the Canadian market is modestly higher Tuesday afternoon, supported by gains in materials, industrials and financials sectors.

RTTNews | 6h 14min ago

Swiss Market Settles Weak

After opening with a big negative gap Tuesday morning, the Swiss market gradually recovered some lost ground, and even managed a brief spell in positive territory midway through the session, but failed to sustain momentum and finally ended the day's session in the red.

RTTNews | 6h 31min ago

EURUSD	1.16372	GBPUSD	1.34747	AUDUSD	0.64941
USDJPY	147.49	USDCAD	1.38321	USDCHF	0.80391