European Shares Decline As Italy's Draghi Resigns

RTTNews | 1057 days ago
European Shares Decline As Italy's Draghi Resigns

(RTTNews) - European stocks fell on Thursday and Italian bonds sold off sharply after Italian Prime Minister Mario Draghi offered his resignation to the president, in a move that will raise the prospect of snap elections as soon as early October.

Meanwhile, Russia resumed natural gas supplies to Germany, helping to ease worries about fallout on the economy.

The euro wilted as investors braced for the interest-rate decision from the European Central bank.

The central bank is set to raise interest rates for the first time in 11 years and provide guidance on the proposed anti-fragmentation tool.

The pan European Stoxx 600 slipped 0.2 percent to 421.63 after closing 0.2 percent lower on Wednesday.

The German DAX fell 0.7 percent, France's CAC 40 eased 0.1 percent and the U.K.'s FTSE 100 was down 0.4 percent.

Swedish home appliance manufacturer Electrolux plunged nearly 8 percent after its second-quarter profit missed expectations.

Finnish telecom equipment maker Nokia surged 6.5 percent after reporting better-than-expected earnings for the second quarter and backing its FY22 outlook.

British online trading platform IG Group soared 4 percent on share buyback news.

Online grocer Ocado slumped 4 percent after reporting a wider loss in its first-half.

Drinks maker Britvic gained 1 percent after reporting a jump in revenues across its markets.

Marks & Spencer lost 1.8 percent. The retailer said its finance and strategy chief Eoin Tonge would leave the company to take up a role at Associated British Foods.

Getlink shares rose 1 percent in Paris. The railway company reported first-half consolidated net result of 52 million euros, compared to last year's restated loss of 124 million euros.

Sartorius Stedim Biotech jumped 6 percent. The company confirmed its FY22 outlook after reporting a 77 percent surge in first-half profit.

Thales dropped 1.8 percent. The defense and technology group announced that its aerospace unit will take a €70 million hit in 2022 due to loss of Russian business.

SAP tumbled 4 percent after the German business software company lowered its 2022 profit outlook.

Sartorius soared 6 percent. The pharmaceutical and laboratory equipment supplier confirmed its 2022 outlook after reporting encouraging first-half results.

read more
Little Movement Seen For Hong Kong Stock Market

Little Movement Seen For Hong Kong Stock Market

The Hong Kong stock market has alternated between positive and negative finishes through the last five trading days since the end of the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,030-point plateau and it's likely to remain rangebound on Friday.
RTTNews | 12 minutes ago
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday after opening in the green, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,600 level, with weakness is technology stocks partially offset by gains in gold miners and energy stocks.
RTTNews | 22 minutes ago
China Stock Market May Add To Its Winnings On Friday

China Stock Market May Add To Its Winnings On Friday

The China stock market has moved higher in back-to-back sessions, collecting more than 15 points or 0.4 percent in that span. The Shanghai Composite Index now sits just above the 3,400-point plateau and it's expected to see continued strength on Friday.
RTTNews | 27 minutes ago
Taiwan Shares May Bounce Higher Again On Friday

Taiwan Shares May Bounce Higher Again On Friday

The Taiwan stock market on Thursday ended the three-day winning streak in which it had rallied more than 810 points or 3.6 percent. The Taiwan Stock Exchange now sits just beneath the 22,290-point plateau and it may see renewed support on Friday.
RTTNews | 57 minutes ago
Singapore Bourse May Extend Thursday's Gains

Singapore Bourse May Extend Thursday's Gains

The Singapore stock market on Thursday ended the two-day slide in which it had fallen more than 15 points or 0.4 percent. The Straits Times Index now sits just above the 3,920-point plateau and it's tipped to open to the upside again on Friday.
RTTNews | 1h 27min ago
Malaysia Stock Market May See Additional Support

Malaysia Stock Market May See Additional Support

The Malaysia stock market has ticked higher in consecutive trading days, gathering almost 10 points or 0.6 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,525-point plateau and it may add to its winnings again on Friday.
RTTNews | 1h 57min ago
Win Streak May Continue For South Korea Stock Market

Win Streak May Continue For South Korea Stock Market

The South Korea stock market has finished higher in seven straight sessions, collecting more than 225 points or 8.2 percent along the way. The KOSPI now rests just above the 2,920-point plateau and it's tipped to open in the green again on Friday.
RTTNews | 2h 27min ago
New Zealand Manufacturing PMI Data Due On Friday

New Zealand Manufacturing PMI Data Due On Friday

New Zealand will on Friday release May results for the manufacturing PMI from BusinessNZ, highlighting a light day for Asia-Pacific economic activity. In April, the PMI score was 53.9.
RTTNews | 3h 22min ago