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European Shares Mostly Higher In Cautious Trade; Miners Underperform

RTTNews | 903 days ago

(RTTNews) - European stocks were broadly higher on Monday as investors awaited a testimony by Fed Chair Jerome Powell and the U.S. jobs report this week for further clarity on the rate outlook.

Meanwhile, data showed earlier in the day that a measure of German construction PMI reached a 11-month high in February.

Separate data showed, U.K. construction activity jumped to a 9-month high in February.

The Eurozone Sentix Investor Confidence index worsened to -11.1 in March from -8.0 in February.

The pan-European STOXX 600 was up 0.2 percent at 465.30 after gaining 0.9 percent on Friday.

The German DAX rose 0.4 percent and France's CAC 40 index climbed 0.6 percent while the U.K.'s FTSE 100 was down 0.2 percent, dragged down by miners after top consumer China set a modest annual growth target for 2023.

Anglo American, Antofagasta and Glencore fell 2-3 percent as most base metals prices declined.

British marine services provider James Fisher & Sons slumped 4.6 percent after selling its nuclear business for a nominal consideration.

Clarkson, a provider of shipping services, jumped 5.5 percent after reporting a rise in preliminary earnings for 2022.

ENI SpA, an Italian energy company, gained 1 percent after signing a MoU with Abu Dhabi National Oil Company to further strengthen their future joint efforts in emissions reduction and cooperation in clean energy and sustainability.

Telecom Italia shares rose over 3 percent after Italian state investor CDP and Australian fund Macquarie submitted a joint bid for the fixed network of the company.

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 | 39 minutes ago

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 | 1h 6min ago

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 | 1h 9min ago

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 | 1h 24min ago

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | 1h 26min ago

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.

RTTNews | 1h 39min ago

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 24,275-point plateau although it's expected to open to the downside 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. For the day, the index surged 512.91 points or 2.16 points to finish at 24,277.38 after trading between 24,108.75 and 24,362.02. Among the actives, Mega Financial and United Microelectronics Corporation both eased 0.12 percent, while Fubon Financial jumped 1.93 percent, E Sun Financial and Formosa Plastics both sank 0.74 percent, Taiwan Semiconductor Manufacturing Company accelerated 3.08 percent, Hon Hai Precision rallied 2.47 percent, Largan Precision added 0.42 percent, MediaTek soared 3.30 percent, Novatek Microelectronics climbed 1.18 percent, Nan Ya Plastics surged 3.53 percent, Asia Cement gained 0.40 percent and Cathay Financial, CTBC Financial and Catcher Technology were unchanged.

RTTNews | 2h 9min ago

Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains 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 | 2h 39min ago

EURUSD	1.16382	GBPUSD	1.34682	AUDUSD	0.64813
USDJPY	147.502	USDCAD	1.38495	USDCHF	0.8046