European Shares Inch Higher In Cautious Trade

RTTNews | 990 일 전
European Shares Inch Higher In Cautious Trade

(RTTNews) - European stocks rose on Monday after China unveiled a sweeping rescue package to salvage its real estate market.

The upside, however, remained limited after a top Federal Reserve official warned against bets of the U.S. central bank turning too dovish.

The U.S. Federal Reserve may consider slowing the pace of rate increases at its next meeting but that should not be seen as a "softening" of its battle against inflation, Federal Reserve Gov. Christopher Waller said on Sunday.

The pan European STOXX 600 edged up 0.2 percent to 432.97 after finishing marginally higher on Friday.

The German DAX gained 0.3 percent, while France's CAC 40 index and the U.K.'s FTSE 100 both added around 0.4 percent.

The British pound eased ahead of the U.K. Chancellor's Autumn Statement on Thursday where he is expected to set out tax rises and spending cuts.

Swiss pharmaceutical company Roche tumbled 3.9 percent after its much-awaited drug for Alzheimer's disease failed two long-awaited trials.

Rheinmetall AG, a German automotive and arms maker, jumped 2.9 percent.

The company announced its agreement with Spain's MaxamCorp. Holding S.L. to acquire Expal Systems S.A, a Madrid-based ammunition maker.

Orange, a French telecom major, rose 1 percent. The company said that its cyber-security arm, Orange Cyberdefense, has acquired SCRT and Telsys, two Swiss sister firms with expertise in cyber-security and related services for an undisclosed amount.

Miners Antofagasta and Glencore rose 1-2 percent as London copper prices hovered near a five-month high on China demand hopes.

John Wood Group, an engineering and consulting firm, plunged 5 percent after saying it has reached a settlement agreement with Enterprise Products Operating LLC on legacy lawsuit.

Indivior gained nearly 1 percent after it inked a deal to acquire Opiant for $20 per share or around $145 million in cash.

Informa, a publishing, business intelligence, and exhibitions company, jumped 5.2 percent after raising its full-year earnings guidance.

read more
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
RTTNews | 14 분 전
European Economic News Preview: German Inflation, Unemployment Data Due

European Economic News Preview: German Inflation, Unemployment Data Due

Flash inflation and unemployment from Germany are due on Thursday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis releases Germany's ILO unemployment data and import price figures. Import prices are forecast to fall 1.6 percent on a yearly basis in June, following a 1.1 percent drop in May.
RTTNews | 2 시간 15 분 전
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, reversing some of the gains in the previous three sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,750 level, with weakness cross most sectors led by mining and energy stocks.
RTTNews | 3 시간 39 분 전
Asian Markets Mostly Lower On Tariff Worries

Asian Markets Mostly Lower On Tariff Worries

Asian stock markets are trading mostly lower on Thursday, following the mixed cues from Wall Street overnight, as traders remain cautious ahead of the final deadline of August 1 set by the US President Donald Trump for reaching trade deals with its trading partner countries. Trump hinted at higher tariffs on certain countries after the deadline. Asian markets closed mixed on Wednesday.
RTTNews | 4 시간 4 분 전
Sensex, Nifty Set For Weak Start On Tariff Concerns

Sensex, Nifty Set For Weak Start On Tariff Concerns

Indian shares may open on a sluggish note Thursday after the United States slapped a 25 percent tariff on India, effective August 1, and threatened further penalty on Russian oil and BRICS.
RTTNews | 4 시간 31 분 전
Thai Stock Market May Run Out Of Steam On Thursday

Thai Stock Market May Run Out Of Steam On Thursday

The Thai stock market has finished higher in three straight sessions, collecting more than 30 points or 2.5 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,245-point plateau although it may spin its wheels on Thursday.
RTTNews | 5 시간 4 분 전