European Stocks Turning In Mixed Performance In Cautious Trade

RTTNews | 18 days ago

(RTTNews) - European stocks are turning in a mixed performance on Thursday with investors digesting some regional economic news, and awaiting the minutes of the European Central Bank's monetary policy meeting held late last month.

Expectations of interest rate cuts by the Federal Reserve and easing geopolitical concerns amid hopes of a Ukraine peace deal, help keep undertone somewhat steady. Investors are also awaiting the next batch of U.S. economic data for directional clues.

The pan European Stoxx 600 was roughly flat at 574.11. The U.K.'s FTSE 100 drifted down to 25.52 points or 0.26% to 9,666.05 a little before noon. Germany's DAX was up 82.87 points or 0.35% at 23,778.10 a little while ago, while France's CAC 40 was up 5.37 points or 0.07% at 8,101.80.

St. James' Place, Land Securities, Centrica, Persimmon, Natwest Group, Metlen Energy & Metals, Segro, Lloyds Banking Group and Schroders were among the prominent gainers in the U.K. market a little before noon.

Imperial Brands drifted down more than 3%. Anglo American Plc, Rio Tinto, Intercontinental Hotels Group, British American Tobacco, Seveern Trent and Halma lost 1 to 1.7%.

In the German market, Deutsche Boerse climbed more than 4%. Siemens Energy gained about 2.3%, and Infineon moved up 1.8%. Rheinmetall and Siemens Healthineers gained about 1.5% each.

E.ON and Commerzbank lost 2.2% and 2%, respectively. Allianz and Qiagen posted moderate losses.

In the French market, Pernod Ricard gained nearly 2%. Stellantis, Capgemini, BNP Paribas, Legrand, Renault and Michelin were up 0.7 to 1.4%.

Hermes International, Kering, ArcelorMittal, Airbus, Saint Gobain and Safran showed weakness.

Monthly survey data published jointly by NIQ/GfK and the Nuremberg Institute for Market Decisions showed German consumer confidence is set to improve in December as households showed willingness to buy and save but their economic and income expectations deteriorated.

The forward-looking consumer sentiment index improved to -23.2 from -24.1 in the previous month. The indicator was forecast to rise moderately to -23.6.

A report from the European Commission showed the Eurozone Economic Sentiment Indicator inched up to 97.0 in November from 96.8 in October, matching market expectations and marking its highest reading since April 2023.

Australian Market Slips To Modest Losses In Mid-market

The Australian stock market is slipping to modest losses in mid-market trading on Tuesday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,650 level, with weakness in energy and technology stocks as well as a mixed performance in most other sectors.

RTTNews | 1h 52min ago

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, with continued weakness in energy stocks as well as technology stocks on uncertainty remains about AI spending and the possibility of a tech bubble. Traders were also reluctant to make significant moves ahead of the release of some key U.S. economic data in the coming days.

RTTNews | 2h 32min ago

Indian Shares Seen Opening Lower As Investors Await Key US Data

Indian shares are seen opening lower on Tuesday, tracking weak cues from global markets in the run-up to the release of key U.S. economic data that could offer clarity on the economic and rate outlook.

RTTNews | 2h 41min ago

Thai Stock Market May See Profit Taking On Tuesday

The Thai stock market has finished higher in two straight sessions, advancing almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,270-point plateau although it's likely to spin its wheels on Tuesday.

RTTNews | 3h 19min ago

Indonesia Shares May Open Under Water On Tuesday

The Indonesia stock market has alternated between positive and negative finishes through the last nine trading days since the end of the two-day winning streak in which it had picked up almost 110 points or 1.3 percent. The Jakarta Composite Index now sits just beneath the 8,650-point plateau and it's looking at another soft start on Tuesday.

RTTNews | 3h 49min ago

Lower Open Anticipated For Hong Kong Stock Market

The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had tumbled more than 640 points or 2.6 percent. The Hang Seng Index now sits just beneath the 25,630-point plateau and it's expected to open under pressure again on Tuesday.

RTTNews | 4h 4min ago

Japanese Market Notably Lower

The Japanese stock market is trading notably lower on Tuesday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 49,800 level, with weakness across most sectors led by index heavyweights and exporter stocks.

RTTNews | 4h 6min ago

China Stock Market Tipped To Open In The Red On Tuesday

The China stock market headed south again on Monday, one session after ending the three-day losing streak in which it had slipped more than 50 points or 1.3 percent. The Shanghai Composite Index now sits just beneath the 3,870-point plateau and it may extend its losses on Tuesday.

RTTNews | 4h 19min ago

EURUSD	1.17512	GBPUSD	1.33659	AUDUSD	0.66376
USDJPY	154.878	USDCAD	1.3769	USDCHF	0.79595