European Shares Edge Higher As Investors Look To ECB Meeting

RTTNews | 6 hari yang lalu
European Shares Edge Higher As Investors Look To ECB Meeting

(RTTNews) - European shares inched higher on Wednesday as investors braced for a 25-basis point rate cut from the European Central Bank when it meets on Thursday.

In economic releases, data showed Eurozone's services sector contracted modestly in May, with the final PMI Services reading falling to 49.7 from April's 50.1. The U.K. services PMI was finalized at 50.9, up from April's 27-month low of 49.0.

The pan European STOXX 600 was up half a percent at 551.26 after finishing marginally lower on Tuesday.

The German DAX jumped 0.9 percent as the cabinet approved a tax relief package designed to stimulate the nation's slow-moving economy and support companies.

France's CAC 40 added 0.7 percent and the U.K.'s FTSE 100 was marginally higher ahead of a deadline for U.S. trading partners to make their "best offers".

Airbus shares were up 3.5 percent after Bloomberg News reported that China is considering placing an order for hundreds of Airbus SE aircraft as soon as next month.

Royal Philips rose about 1 percent as the health technology company unveiled plans to repurchase up to 6 million shares to meet certain obligations arising from long-term incentive plans.

Discount retailer B&M European Value Retail slumped 7 percent after posting a mixed bag of results for the past year.

Property management firm Hammerson fell 2.3 percent after an announcement that its Chief Executive Officer, Rita-Rose Gagne, plans to retire in 2026.

WH Smith rallied 3.2 percent. The company maintained its full-year outlook after reporting continued strong performance in its global travel retail business for the 13-week period ending May 31,2025.

read more
Commodity Currencies Slide Amid Crude Oil Price Drop

Commodity Currencies Slide Amid Crude Oil Price Drop

The commodity currencies such as the Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Wednesday amid crude oil price drop, as markets awaited the outcome of US-China trade talks, which have yet to be approved by President Donald Trump, with China's poor oil demand and OPEC+ output increases weighing on the market.
RTTNews | 25 minit yang lalu
European Shares Seen Tad Lower At Open

European Shares Seen Tad Lower At Open

European stocks may drift lower on Wednesday as market participants assess the outcome of U.S.-China trade negotiations.
RTTNews | 2j 55min yang lalu
Sensex, Nifty Marginally Higher In Lackluster Trade

Sensex, Nifty Marginally Higher In Lackluster Trade

Indian shares were marginally higher on Wednesday after top U.S. and Chinese officials agreed on a "framework" to move forward on trade, following two days of high-level talks in London.
RTTNews | 4j 6min yang lalu
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian market is trimming its early gains in mid-market moves on Wednesday, but extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 8,600 level to fresh all-time highs, following the positive cues from Wall Street overnight, with gains in iron ore miners, energy and financial stocks partially offset by weakness in gold miners and technology stocks.
RTTNews | 5j 8min yang lalu
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, amid easing trade war tensions after top U.S. and Chinese officials agreed upon a "framework" to move forward on trade, following two days of high-level talks in London. The framework will first need to be approved by leaders in Washington and Beijing.
RTTNews | 5j 32min yang lalu
Sensex, Nifty Set For Muted Start

Sensex, Nifty Set For Muted Start

Indian shares are seen opening little changed on Wednesday despite top U.S. and Chinese officials agreeing on a "framework" to move forward on trade, following two days of high-level talks in London.
RTTNews | 6j 1min yang lalu
Thai Bourse May Extend Tuesday's Gains

Thai Bourse May Extend Tuesday's Gains

The Thai stock market on Tuesday ended the two-day slide in which it had slipped more than 5 points or 0.4 percent. The Stock Exchange of Thailand now rests just beneath the 1,140-point plateau and it may tick higher again on Wednesday.
RTTNews | 6j 32min yang lalu
Japanese Market Modestly Higher

Japanese Market Modestly Higher

The Japanese stock market is trading modestly higher on Wednesday, extending the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 38,300 level, with gains across most sectors led by index heavyweights and technology stocks. Financial stocks are a weak spot.
RTTNews | 6j 58min yang lalu