European Shares Edge Higher In Lackluster Trade Ahead Of Powell Testimony

RTTNews | 904 일 전

(RTTNews) - European stocks were flat to slightly higher on Tuesday as investors looked for more clues on the outlook for U.S. interest rate hikes.

The dollar slipped while Eurozone short-dated bond yields hovered around multi-year highs, as Federal Reserve Chair Jerome Powell starts his two-day testimony before Congress later in the day.

In economic releases, official data showed German factory orders grew 1.0 percent in January from December, confounding expectations for a decline of 0.9 percent.

Nonetheless, the pace of growth eased from revised 3.4 percent in December.

Elsewhere, a survey showed British houses prices unexpectedly jumped in February amid improvements in consumer confidence and the mortgage market.

The pan European STOXX 600 edged up 0.2 percent to 465.20 after ending flat with a negative bias on Monday.

The German DAX, France's CAC 40 index and the U.K.'s FTSE 100 were up between 0.1 percent and 0.2 percent.

Danish brewer Carlsberg declined 2 percent. Its CEO Cees 't Hart has decided to retire after eight successful years.

British baker and fast-food chain Greggs fell over 1 percent after warning of inflationary pressures.

John Wood Group jumped more than 16 percent. The engineering firm said it was considering rejecting the latest buyout proposal from private-equity firm Apollo Global Management.

Ashtead Group gained 3 percent after the equipment rental firm forecast annual results ahead of its own estimates.

German automotive supplier Schaeffler slumped 7.3 percent after reporting a decline in FY22 profit, cutting dividend and issuing a cautious outlook for FY23.

Zalando jumped 4.7 percent after the online retailer said it would work on improving margins this year.

Henkel, a chemical and consumer goods firm, fell more than 1 percent as it posted a 13.7 percent drop in adjusted earnings before interest and tax (EBIT) in 2022.

Meal-kit maker HelloFresh lost more than 5 percent after it forecast 2023 core profit below estimates.

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.

RTTNews | 47 분 전

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.

RTTNews | 1 시간 2 분 전

Sensex, Nifty Set To Open Lower As New U.S. Tariffs Take Effect

Indian shares may open on a weak note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect on Wednesday.

RTTNews | 1 시간 33 분 전

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.

RTTNews | 1 시간 44 분 전

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.

RTTNews | 1 시간 53 분 전

Thai Bourse May Halt Losing Streak On Thursday

The Thai stock market has moved lower in back-to-back sessions, slipping almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may stop the bleeding on Thursday.

RTTNews | 2 시간 1 분 전

Australian Market Slightly Lower

The Australian market is slightly lower in choppy trading on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.

RTTNews | 2 시간 9 분 전

Indonesia Shares Tipped To Open In The Green

The Indonesia stock market has moved higher in two of three trading days since the end of 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 7,935-point plateau and it may add to its winnings on Thursday.

RTTNews | 2 시간 31 분 전

EURUSD	1.16412	GBPUSD	1.35079	AUDUSD	0.65121
USDJPY	147.112	USDCAD	1.37794	USDCHF	0.80136