European Markets Finish Higher On Tuesday

RTTNews | 1087日前
European Markets Finish Higher On Tuesday

(RTTNews) - The major European stock markets finished modestly higher on Tuesday, extending gains from the previous session as they continue their recovery from last week's heavy selling.

The markets got a boost from the strong start from the U.S. bourses, which opened sharply higher following Monday's market holiday and helped to underpin sentiment ahead of Federal Reserve Chair Jerome Powell's testimony before Congress later this week.

For the day, Germany's DAX added 26.80 points or 0.20 percent to finish at 13,292.40, while London's FTSE gained 30.24 points or 0.42 percent to close at 7,152.05 and the CAC 40 in France climbed 44.57 points or 0.75 percent to end at 5,964.66.

In Germany, Fresnius Medical plummeted 9.03 percent, Bayer tumbled 2.05 percent, Volkswagen jumped 1.86 percent, Covestro climbed 1.52 percent, Infineon Technologies advanced 1.27 percent, Deutsche Post improved 1.06 percent, Deutsche Telekom dropped 0.93 percent, Deutsche Bank collected 0.48 percent, Heidelberg Cement gained 0.45 percent and Deutsche Borse was unchanged.

In London, Antofagasta spiked 2.98 percent, Associated British Foods tumbled 2.22 percent, Shell jumped 1.92 percent, Scottish Mortgage Investment Trust strengthened 1.50 percent, St. James Place climbed 1.25 percent, Rightmove gained 1.24 percent, Centrica sank 0.94 percent, Tesco slumped 0.83 percent, Rolls-Royce lost 0.73 percent, BAE Systems gathered 0.53 percent and British American Tobacco fell 0.51 percent.

In France, Atos plunged 5.13 percent, Compagnie de Saint-Gobain soared 2.48 percent, BNP Paribas accelerated 2.09 percent, Credit Agricole improved 2.06 percent, Carrefour dropped 1.80 percent, Sanofi sank 1.23 percent, Societe Generale collected 1.04 percent, Danone fell 0.60 percent and Vivendi eased 0.14 percent.

In economic news, the euro area current account deficit increased notably in April, largely due to the shortfalls in primary and secondary income, the European Central Bank said on Tuesday. The current account deficit widened to a seasonally adjusted EUR 6 billion from EUR 2 billion in March.

Also, the UK manufacturing output growth is set to ease further in the coming three months and domestic price growth expectations eased to a nine-month low, the Industrial Trends Survey results from the Confederation of British Industry showed on Tuesday. The manufacturing output balance fell to +25 percent in three months to June from +30 percent in May. A net balance of 20 percent forecast production to rise in the three months ahead.

read more
European Shares Set For Gap-down Open

European Shares Set For Gap-down Open

European shares are seen opening sharply lower on Friday as trade uncertainties and escalating geopolitical tensions sparked flight to safety.
RTTNews | 1時20分前
European Economic News Preview: Eurozone Industrial Output, Trade Data Due

European Economic News Preview: Eurozone Industrial Output, Trade Data Due

Industrial production and foreign trade from the euro area and final inflation figures from Germany and France are the top economic news due on Friday. At 2.00 am ET, Destatis is scheduled to issue Germany's final consumer and harmonized prices and wholesale prices for May. The flash estimate showed that consumer price inflation remained unchanged at 2.1 percent.
RTTNews | 2時7分前
Australian Market Doubles Early Losses In Mid-market

Australian Market Doubles Early Losses In Mid-market

The Australian stock market is doubling its early loses in mid-market moves on Friday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,550 level, with weakness is technology stocks partially offset by gains in gold miners and energy stocks.
RTTNews | 3時41分前