Mixed Data Keep European Shares On Edge

RTTNews | 546日前

(RTTNews) - European stocks struggled for direction on Tuesday as a slew of data painted a mixed picture of regional economies.

Survey results from market research group GfK showed consumer confidence in Germany is set to improve slightly in March.

The forward-looking consumer sentiment index rose to -29.0 in March from -29.6 in February - matching economists' expectations.

Monthly survey results from the statistical office INSEE showed France's consumer confidence unexpectedly weakened in February.

The consumer sentiment index fell to 89 from 91 in the previous month. The score was forecast to improve to 92.

Elsewhere, data from the British Retail Consortium showed U.K. shop price inflation weakened to a near two-year low in February.

The shop price index posted an annual increase of 2.5 percent on a yearly basis in February, slower than the 2.9 percent rise in January. This was the lowest since March 2022.

The pan European STOXX 600 was marginally lower at 495.39 as U.S. and Eurozone inflation data loomed.

The German DAX rose 0.4 percent, while France's CAC 40 and the U.K.'s FTSE 100 were marginally higher.

Shares of SEB plunged 5 percent after Peugeot Invest successfully sold a stake in the household equipment manufacturer.

A softer dollar lifted mining stocks, with Anglo American climbing 2.7 percent.

Asset manager Abrdn soared almost 5 percent after narrowing its full-year losses and announcing plans to cut around 500 jobs as part of a cost reduction program.

Medical device giant Smith & Nephew rallied 2.5 percent after posting improved financial results for Q4 and full year 2023.

French retailer Casino jumped 53 percent after a French court gave the green light for its restructuring plan.

Capgemini shares edged up slightly. The technology company has inked a over 100 million euros deal with TenneT, a European transmission system operator, to design, build, and implement a cloud platform to boost the functioning of TenneT.

Construction-to-telecoms conglomerate Bouygues rallied more than 6 percent after posting annual core profit above its guidance.

Germany's Schaeffler AG gained 1.3 percent after announcing plans to build a new facility for e-mobility solutions in the U.S.

PUMA traded slightly higher, giving up early gains. The sportswear firm expects a soft first half of 2024, but nevertheless stuck to the annual targets it gave in January.

Sensex, Nifty Deep In The Red On Tariff Worries

Indian shares opened on a sluggish note on Tuesday after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.

RTTNews | 32分前

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.

RTTNews | 1時45分前

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.

RTTNews | 2時6分前

Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

RTTNews | 2時37分前

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 3時17分前

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | 3時45分前

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 3時47分前

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 4時2分前

EURUSD	1.163	GBPUSD	1.3455	AUDUSD	0.6479
USDJPY	147.854	USDCAD	1.38545	USDCHF	0.80581