European Stocks Close Lower On Growth Worries

RTTNews | 649日前
European Stocks Close Lower On Growth Worries

(RTTNews) - European stocks closed weak on Thursday, extending recent losses, as worries about China's economic woes, interest rate and inflation concerns continued to weigh on sentiment.

The pan European Stoxx 600 fell 0.9%. The U.K.'s FTSE 100 ended 0.63% down, Germany's DAX declined 0.71% and France's CAC 40 dropped 0.94%, while Switzerland's SMI tumbled 0.98%.

Among other markets in Europe, Austria, Belgium, Denmark, Finland, Iceland, Netherlands, Norway, Poland, Portugal, Spain and Sweden closed weak.

Czech Republic, Greece, Ireland, Russia and Turkiye ended higher.

In the UK market, BAE Systems ended 4.6% down after the defense firm said it had agreed to buy Ball Corp's aerospace business for about $5.55 billion in cash.

Ocado Group, Entain, ABRDN, Melrose Industries and Berkeley Group Holdings lost 3.2 to 5.6%.

Persimmon, Hiscox, Schrodders, IMI, 3i Group, Halma, Scottish Mortgage, IAG and Experian ended lower by 1.8 to 3%.

Rio Tinto climbed 1.7%. Glencore, Smith & Nephew, Lloyds Banking Group, Centrica and Admiral Group gained 0.7 to 1%.

In the German market, SAP, Infineon and Deutsche Boerse lost 2 to 2.5%. Siemens, Symrise, Daimler Truck Holding, Vonovia, Fresenius, Mercedes-Benz and RWE ended lower by 1 to 1.7%.

Munich RE, E.ON, Covestro, Commerzbank, Bayer and Deutsche Bank gained 0.4 to 1.3%.

In Paris, WorldLine, Dassault Systemes, Hermes International, Schneider Electric, LVMH and Legrand lost 2 to 3.5%.

STMicroElectronics, Capgemini, Edenred, Pernod Ricard, Saint Gobain and Kering also ended notably lower.

Sanofi, Carrefour, TotalEnergies, Societe Generale and BNP Paribas closed higher.

Dutch payments processor Adyen NV tanked 39% after first-half earnings missed expectations.

Danish hearing aid manufacturer GN Store Nord plunged nearly 10% after it warned of challenging market conditions.

In economic news, the eurozone trade surplus grew markedly at the end of the second quarter as imports fell faster than exports, Eurostat reported today.

The trade surplus rose to a seasonally adjusted EUR 12.5 billion in June from EUR 0.2 billion in May. Exports posted a monthly decline of 0.5%, while imports decreased by 5.6% in May.

On a yearly basis, exports of goods climbed 0.3%. At the same time, imports plunged 17.7%. Consequently, the trade balance swung to a surplus of EUR 23.0 billion from a deficit of EUR 27.1 billion. The expected surplus was EUR 18.3 billion.

read more
Taiwan Shares Due For Support On Wednesday

Taiwan Shares Due For Support On Wednesday

The Taiwan stock market has finished lower in four straight sessions, dropping more than 460 points or 2.2 percent in that span. The Taiwan Stock Exchange now sits just above the 21,330-point plateau, although it's likely to see bargain hunting on Wednesday.
RTTNews | 15分前
Singapore Bourse May Reclaim 3,900-Point Level

Singapore Bourse May Reclaim 3,900-Point Level

The Singapore 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 risen just 6 points or 0.15 percent. The Straits Times Index now sits just shy of the 3,900-point plateau and it's expected to open higher again on Wednesday.
RTTNews | 45分前
Malaysia Stock Market Tipped To Open In The Green

Malaysia Stock Market Tipped To Open In The Green

The Malaysia stock market has moved lower in back-to-back sessions, slipping almost 10 points or 0.7 percent in that span. The Kuala Lumpur Composite Index now sits just above the 1,525-point plateau although it's due for support on Wednesday.
RTTNews | 1時15分前
Win Streak May Continue For Japan Stock Market

Win Streak May Continue For Japan Stock Market

The Japan stock market has tracked higher in three straight sessions, accelerating almost 750 points or 2 percent along the way. The Nikkei 225 now sits just shy of the 27,725-point plateau and it may add to its winnings again on Wednesday.
RTTNews | 1時30分前
KOSPI Expected To Erase Tuesday's Losses

KOSPI Expected To Erase Tuesday's Losses

The South Korea stock market headed south again on Tuesday, one day after ending the two-day slide in which it had given up almost 35 points or 1.4 percent. The KOSPI now rests just above the 2,635-point plateau although it's expected to rebound again on Wednesday.
RTTNews | 1時45分前
New Zealand Rate Decision On Tap For Wednesday

New Zealand Rate Decision On Tap For Wednesday

The Reserve Bank of New Zealand will wrap up its monetary policy meeting on Wednesday and the announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBNZ is widely expected to trim its Official Cash Rate by 25 basis points, to 3.25 percent from 3.50 percent.
RTTNews | 2時45分前
European Stocks Close Broadly Higher On Strong Data, Easing Trade Tensions

European Stocks Close Broadly Higher On Strong Data, Easing Trade Tensions

European stocks closed on a positive note on Tuesday, continuing to benefit from U.S. President Donald Trump's decision to amid slightly easing concerns about a potential trade war following U.S. President Donald Trump's decision decision to wait till July 9th to implement the 50% tariffs he had threatened to impose on imports from the European Union.
RTTNews | 7時50分前