European Shares Extend Losses On Growth Worries

RTTNews | 68日前
European Shares Extend Losses On Growth Worries

(RTTNews) - European shares traded lower on Friday, extending steep losses from the previous session after U.S. President Donald Trump announced significantly harsher-than-expected tariffs.

Investors were also reacting to mixed economic readings from Germany and France.

German factory orders stagnated unexpectedly in February even though U.S. importers brought forward imports to beat the impending tariffs, Destaits reported today.

New orders in the manufacturing sector remained unchanged in February, reversing a 5.5 percent drop in January. Orders were forecast to grow 3.4 percent.

Elsewhere, French industrial production grew 0.7 percent month-on-month in February, in contrast to the 0.5 percent decrease in January, figures from the statistical office INSEE showed. Economists had forecast output to grow 0.5 percent.

Likewise, manufacturing output advanced 1.4 percent after a 0.5 percent drop in the previous month.

The pan European STOXX 600 was down nearly 2 percent at 512.84 after tumbling 2.6 percent on Thursday, the biggest daily loss in eight months.

The German DAX fell 1.9 percent, France's CAC 40 shed 1.5 percent and the U.K.'s FTSE 100 declined 1.6 percent.

Miners Anglo American, Antofagasta and Glencore plunged 5-6 percent as copper prices plummeted in London.

BP Plc shares fell 2.8 percent and Shell was down nearly 3 percent as oil prices fell nearly 2 percent today and remained on track for the worst week in months on concerns about a possible recession in the U.S. and other developed countries.

JPMorgan has raised the probability of a global recession this year to 60 percent, from a previous 40 percent.

AstraZeneca declined 1.3 percent, ASM International tumbled 3.5 percent and Infineon Technologies slumped 4.5 percent as U.S. President Trump said tariffs on pharmaceutical and semiconductor imports will be announced soon.

Sodexo SA plunged 4.2 percent after reporting a 3.5 percent rise in half-year revenue.

Gerresheimer plummeted 14 percent after reports said KKR has abandoned a private equity consortium discussing a takeover of the German speciality packaging company.

read more
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, snapping a four-session winning streak, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 38,200 level, with weakness across most sectors led by automakers, exporters and technology stocks. Financial stocks are the only bright spot.
RTTNews | 14分前
Indonesia Bourse May Extend Wednesday's Losses

Indonesia Bourse May Extend Wednesday's Losses

The Indonesia stock market on Wednesday ended the three-day winning streak in which it had gained almost 190 points or 2.7 percent. The Jakarta Composite Index now rests just above the 7,220-point plateau and the losses may accelerate on Thursday.
RTTNews | 22分前
Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian market is trading slightly higher on Thursday, extending the gains in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving a tad above the 8,600 level, with gains in gold miners and eergy partially offset by weakness in iron ore miners.
RTTNews | 35分前
Hong Kong Bourse May Hand Back Wednesday's Gains

Hong Kong Bourse May Hand Back Wednesday's Gains

The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,360-point plateau and it's likely to remain rangebound on Thursday.
RTTNews | 37分前
Lower Open Anticipated For Taiwan Stock Market

Lower Open Anticipated For Taiwan Stock Market

The Taiwan stock market has moved higher in three straight sessions, accelerating more than 810 points or 3.6 percent along the way. The Taiwan Stock Exchange now sits just above the 22,470-point plateau although it's expected to open under water on Thursday.
RTTNews | 1時22分前
Continued Consolidation Called For Singapore Shares

Continued Consolidation Called For Singapore Shares

The Singapore stock market has moved lower in two straight sessions, sinking more than 15 points or 0.4 percent along the way. The Straits Times Index now sits just beneath the 3,920-point plateau and it may take further damage on Thursday.
RTTNews | 1時52分前
Renewed Selling Pressure Expected For Malaysia Shares

Renewed Selling Pressure Expected For Malaysia Shares

The Malaysia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had gained almost 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,525-point plateau and it's likely to head south again on Thursday.
RTTNews | 2時22分前
Japan Stock Market May Run Out Of Steam On Thursday

Japan Stock Market May Run Out Of Steam On Thursday

The Japan stock market has finished higher in four straight sessions, climbing more than 860 points or 2.5 percent along the way. The Nikkei 225 now sits just above the 38,420-point plateau although it's due for consolidation on Thursday.
RTTNews | 2時37分前