European Shares Extend Gains With Focus On Putin-Trump Talks

RTTNews | 5 days ago
European Shares Extend Gains With Focus On Putin-Trump Talks

(RTTNews) - European stocks held near five-month highs on Friday amid hopes the Trump-Putin summit in Alaska might help end the war in Ukraine.

The pan European STOXX 600 edged up by 0.4 percent to 555.81 after rising 0.6 percent on Thursday.

The German DAX added half a percent and France's CAC 40 surged 0.8 percent while the U.K.'s FTSE 100 was down 0.1 percent.

German chipmaker Infineon Technologies rose 1.2 percent after completing the acquisition of Marvell Technology Inc.'s Automotive Ethernet business.

Sea1 Offshore shares plunged 7 percent. The Norwegian operator of high-end offshore support vessels reported disappointing second quarter results, impacted by the sales of nine vessels.

Danish jewelry giant Pandora plummeted 13 percent after the company flagged weakening sales in its key European markets.

Power cable solutions provider NKT soared 7.8 percent after posting record operational earnings in the second quarter and lifting its 2025 outlook.

Semiconductor equipment specialist ASML fell 1.2 percent after -Applied Materials forecast fourth-quarter revenue and profit below estimates.

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European Shares Seen Flat To Higher At Open

European Shares Seen Flat To Higher At Open

European stocks are seen opening flat to slightly higher on Thursday as investors await the latest PMI data from the region and look forward to key speeches from Fed officials when they convene in Jackson Hole, Wyoming, for the Fed's annual economic symposium.
RTTNews | 2h 58min ago
European Economic News Preview: Eurozone Flash PMI Data Due

European Economic News Preview: Eurozone Flash PMI Data Due

Flash Purchasing Managers' survey results from the euro area and the UK are the top economic news due on Thursday. At 2.00 am ET, the Office for National Statistics publishes UK public sector finance data. At 3.15 am ET, S&P Global publishes France flash PMI survey results.
RTTNews | 3h 3min ago
Sensex, Nifty Extend Gains In Cautious Trade

Sensex, Nifty Extend Gains In Cautious Trade

Indian shares traded higher for a sixth consecutive session on Thursday, though overall gains remained limited due to mixed global cues ahead of the Federal Reserve's annual symposium at Jackson Hole, Wyoming, from August 21 to August 23, where Fed Chairman Jerome Powell is due to speak.
RTTNews | 3h 54min ago
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian market is extending early gains in mid-market moves on Thursday, adding to the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 9,000 mark to fresh all-time highs, with gains across most sectors led by mining, financial and energy stocks.
RTTNews | 5h 11min ago
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Thursday, following the mixed cues from Wall Street overnight, after reports indicated the Trump administration is looking into the federal government taking equity stakes in Intel and other chipmakers in return for the federal subsidies. Traders also remain optimistic about the US Fed cutting interest rates is September.
RTTNews | 5h 33min ago
Renewed Selling Pressure Tipped For Thai Stock Market

Renewed Selling Pressure Tipped For Thai Stock Market

The Thai stock market on Wednesday wrote a finish to the four-day losing streak in which it had slumped more than 40 points or 3.5 percent. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may hand back those gains on Thursday.
RTTNews | 6h 36min ago
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, extending the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 42,650 level, with weakness in index heavyweights, automakers and financial stocks.
RTTNews | 6h 45min ago