European Stocks Close Lower On Growth Worries

RTTNews | 977日前

(RTTNews) - European stocks closed sharply lower on Thursday, weighed down by weak U.S. economic data and hawkish comments from Fed officials.

Investors continued to focus on the ongoing World Economic Forum in Davos, Switzerland.

The pan European Stoxx 600 fell 1.55%. The U.K.'s FTSE 100 ended 1.07% down, Germany's DAX dropped 1.72% and France's CAC 40 drifted down 1.86%, while Switzerland's SMI lost 0.95%.

Among other markets in Europe, Austria, Belgium, Czech Republic, Denmark, Finland, Greece, Iceland, Ireland, Netherlands, Norway, Poland, Portugal, Russia, Spain and Sweden all ended weak, while Turkiye bucked the trend and closed higher.

In the UK market, Ocado Group plunged more than 7% and Persimmon dropped about 5.5%. Hargreaves Lansdown, Antofagasta, Berkeley Group Holdings, Taylor Wimpey, Ashtead Group, Scottish Mortgage, Airtel Africa, Kingfisher, ABRDN and Barratt Developments lost 3 to 4.5%.

Rolls-Royce Holdings, Melrose Industries, Johnson Matthey, Rentokil Initial, Barclays, Fresnillo and BP also ended sharply lower.

Entain, Severn Trent, Beazley, United Utilities, Hiscox, British American Tobacco, Imperial Brands, Flutter Entertainment and Pearson gained 1 to 2.5%.

In the German market, Continental tumbled more than 5%. Zalando, Vonovia, Infineon Technologies, Adidas, Deutsche Post, Covestro, Siemens, Mercedes-Benz Group, SAP and Siemens Energy lost 2 to 4%.

In Paris, Schneider Electric, STMicroElectronics, ArcelorMittal, Eurofins Scientific, Alstom, LVMH, Capgemini, Hermes International, Saint Gobain, Essilor, Kering and Stellantis shed 2.5 to 4%.

Thales climbed more than 2%. Pernod Ricard surged nearly 2%. Danone ended modestly higher.

In economic news, the European Central Bank is set to continue its interest rate hikes for some time ahead, the minutes of the latest policy session in December revealed.

Many policymakers had sought a jumbo raise of 75 basis points due to the prospect of inflation staying high for too long, but eventually agreed on a smaller half basis point lift in a bid to have more room for higher rates in the future.

Speaking at the World Economic Forum in Davos, Switzerland, ECB President Christine Lagarde said the central bank was determined to continue with interest rate hikes to bring inflation to target.

"Inflation, by all accounts, is way too high," the ECB chief said.

"There is determination at the ECB to bring inflation back in a timely manner and we should stay the course with high interest rates until we have been in restrictive territory for long enough to bring it down," Lagarde said.

UK house prices declined sharply towards the end of the year amid rising interest rates and fears of a recession, data from the Royal Institution of Chartered Surveyors, or RICS, revealed Thursday.

Switzerland's producer and import prices increased 3.2% year-on-year in December, data from the Federal Statistical Office showed.

The producer price index climbed 2.6% annually in December, and import prices grew 4.4%. Compared to the previous month, producer and import prices declined 0.7% in December.

In 2022, the producer and import prices advanced 5.6% from 2.7% in 2021.

Singapore Stock Market Overdue For Support On Tuesday

The Singapore stock market has finished lower in seven straight sessions, slumping more than 55 points or 1.3 percent along the way. The Straits Times Index now sits just beneath the 4,300-point plateau although it may find traction on Tuesday. The global forecast for the Asian markets continued to be mildly positive on optimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference. The STI finished slightly lower again on Monday following losses from the financial shares and mixed performances from the property stocks and industrial issues. For the day, the index dipped 5.34 points or 0.12 percent to finish at 4,297.37 after trading between 4,291.99 and 4,315.70. Among the actives, CapitaLand Integrated Commercial Trust shed 0.44 percent, while CapitaLand Investment tumbled 1.11 percent, City Developments jumped 1.19 percent, Comfort DelGro sank 0.67 percent, DBS Group lost 0.34 percent, DFI Retail Group and Venture Corporation both rallied 1.58 percent, Genting Singapore advanced 0.66 percent, Hongkong Land plunged 3.42 percent, Keppel Ltd improved 0.57 percent, Oversea-Chinese Banking Corporation was down 0.12 percent, Seatrium Limited tanked 1.68 percent, SembCorp Industries fell 0.33 percent, Singapore Technologies Engineering increased 0.47 percent, SingTel stumbled 1.59 percent, Thai Beverage climbed 1.09 percent, United Overseas Bank eased 0.06 percent, UOL Group slipped 0.13 percent, Yangzijiang Financial surged 1.67 percent, Yangzijiang Shipbuilding dropped 0.91 percent and Mapletree Pan Asia Commercial Trust, Mapletree Industrial Trust, Mapletree Logistics Trust, CapitaLand Ascendas REIT, Keppel DC REIT, Wilmar International, SATS and Frasers Logistics & Commercial Trust were unchanged. The lead from Wall Street is mildly positive as the major averages opened in the red on Monday but quickly bounced higher and continued to trend that way throughout the session, ending near daily highs.

RTTNews | 11分前

South Korea Producer Prices Slip 0.1% In August

Producer prices in South Korea were down a seasonally adjusted 0.1 percent on month in August, the Bank of Korea said on Tuesday - after rising 0.4 percent in July.

RTTNews | 21分前

Australia Manufacturing PMI Slips To 51.6 - S&P Global

The manufacturing sector in Australia continued to expand in September, albeit at a slower pace, the latest survey from S&P Global revealed on Tuesday with a manufacturing PMI score of 51.6.

RTTNews | 26分前

Malaysia Stock Market May See Additional Support On Tuesday

The Malaysia stock market on Monday ended the two-day slide in which it had fallen almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau and it may add to its winnings on Tuesday. The global forecast for the Asian markets continued to be mildly positive on optimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference. The KLCI finished slightly higher on Monday following gains from the financial shares, losses from the telecoms and a mixed picture from the plantation stocks. For the day, the index rose 5.11 points or 0.32 percent to finish at 1,603.34 after trading between 1,596.46 and 1,604.31. Among the actives, 99 Speed Mart Retail sank 0.76 percent, while AMMB Holdings jumped 1.26 percent, Axiata plunged 2.95 percent, Celcomdigi slumped 1.06 percent, CIMB Group strengthened 1.11 percent, Gamuda surged 3.08 percent, IHH Healthcare and Maybank both added 0.41 percent, IOI Corporation eased 0.26 percent, Kuala Lumpur Kepong lost 0.50 percent, Maxis was down 0.27 percent, MISC dropped 0.93 percent, MRDIY soared 1.91 percent, Nestle Malaysia spiked 1.88 percent, Petronas Chemicals increased 0.45 percent, Petronas Dagangan plummeted 3.04 percent, Petronas Gas retreated 1.08 percent, PPB Group slipped 0.39 percent, Press Metal shed 0.53 percent, Public Bank improved 0.71 percent, QL Resources tanked 2.05 percent, RHB Bank collected 0.61 percent, Sime Darby stumbled 2.33 percent, SD Guthrie advanced 0.95 percent, Sunway rallied 1.86 percent, Telekom Malaysia fell 0.42 percent, Tenaga Nasional rose 0.30 percent, YTL Corporation gained 0.37 percent and YTL Power climbed 0.96 percent. The lead from Wall Street is mildly positive as the major averages opened in the red on Monday but quickly bounced higher and continued to trend that way throughout the session, ending near daily highs.

RTTNews | 41分前

KOSPI May Extend Its Gains On Tuesday

The South Korea stock market has alternated between positive and negative finishes through the last four trading days since the end of the 11-day winning streak in which it had surged more than 300 points or 9.6 percent. Now at a fresh record closing high, the KOSPI sits just beneath the 3,470-point plateau and it may tick higher again on Tuesday. The global forecast for the Asian markets continued to be mildly positive on optimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference. The KOSPI finished modestly higher on Monday following gains from the automobile producers and mixed performances from the financial shares, chemicals and technology stocks. For the day, the index added 23.41 points or 0.68 percent to finish at 3,468.65 after trading between 3,458.87 and 3,482.25. Volume was 280.84 million shares worth 11.84 trillion won. There were 545 decliners and 332 gainers. Among the actives, Shinhan Financial fell 0.43 percent, while KB Financial collected 0.34 percent, Hana Financial dipped 0.33 percent, Samsung Electronics surged 4.77 percent, Samsung SDI rallied 2.82 percent, LG Electronics improved 0.76 percent, SK Hynix shed 0.57 percent, Naver sank 0.85 percent, LG Chem jumped 1.69 percent, Lotte Chemical lost 0.76 percent, SK Innovation perked 0.19 percent, POSCO Holdings dropped 0.88 percent, SK Telecom slumped 0.72 percent, KEPCO advanced 0.98 percent, Hyundai Mobis strengthened 1.46 percent, Hyundai Motor accelerated 1.87 percent and Kia Motors rose 0.30 percent.

RTTNews | 1時11分前

U.S. Dollar Declines Amid Rate Cut Hopes

The U.S. dollar weakened against its major counterparts in the New York session on Monday, amid growing expectations of future rate cuts from the Federal Reserve.

RTTNews | 1時39分前

Singapore Inflation Data Due On Tuesday

Singapore will on Tuesday release August numbers for consumer prices, highlighting a modest day for Asia-Pacific economic activity. In July, overall inflation was down 0.5 percent on month and up 0.6 percent on year, while core CPI rose an annual 0.5 percent,

RTTNews | 2時11分前

Swiss Market Settles Marginally Up

The Switzerland market ended marginally up on Monday, despite struggling a bit early on in the session, and then for a few minutes in the final hour.

RTTNews | 6時19分前

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