European Shares Struggle For Direction After Recent Gains

RTTNews | 1028 hari yang lalu

(RTTNews) - European stocks were little changed in cautious trade Wednesday after five consecutive sessions of gains.

As recession worries mount, investors awaited more U.S. economic data and earnings this week for directional cues.

In economic releases, data showed consumer prices in the country rose at the slowest pace in three months in December, largely driven by the easing of motor fuel inflation.

Consumer price inflation slowed to 10.5 percent in December, as expected, from 10.7 percent in November.

On a monthly basis, consumer prices gained 0.4 percent, the same pace of growth as seen in November, and in line with expectations.

The pan European STOXX 600 was marginally higher at 456.69 after gaining 0.4 percent on Tuesday.

The U.K.'s FTSE 100 and France's CAC 40 both edged up around 0.1 percent, while the German DAX was marginally lower.

Automakers traded mostly higher after industry data showed European passenger car registrations climbed for the fifth month in a row in December, but at a slower pace than in November.

New car sales in the European Union rose 12.8 percent year-on-year following a 16.3 percent growth in November.

Continental AG tumbled 3 percent. The German car parts manufacturer cut its adjusted free cash flow expectations for 2022, citing further customer payment delays.

Dutch semiconductor supplier ASM International NV soared 8.2 percent after its fourth-quarter revenue came in ahead of its guidance.

Just Eat Takeaway.com NV, Europe's largest meals delivery company, jumped more than 14 percent as it reported better-than-anticipated second-half income and outlined upbeat 2023 guidance.

Swiss luxury goods group Richemont AG rose over 2 percent after reporting higher quarterly sales, driven by growth across all regions with the exception of Asia Pacific.

British education group Pearson gained about 1 percent after posting 2022 results ahead of expectations.

Luxury brand Burberry added 1.3 percent after reiterating its medium-term outlook.

Sensex, Nifty Modestly Lower In Cautious Trade

Indian shares were a tad lower on Tuesday despite firm cues from global markets and comments from U.S. President Donald Trump that the U.S. was "pretty close" to a trade deal with New Delhi that's good for everybody.

RTTNews | 2j 1min yang lalu

Australian Market Slips To Losses In Mid-market

The Australian stock market is slipping in to the red in mid-market trading on Tuesday after early gains, reversing some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well below the 8,850 level, with weakness in financial and technology stocks partially offset by gains in mining and energy stocks.

RTTNews | 3j 4min yang lalu

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from Wall Street overnight, as traders react to further progress made towards ending the US government shutdown, with the US Senate commencing a series of votes on a package to reopen the government and end the longest shutdown on record. Asian markets closed mostly higher on Monday.

RTTNews | 3j 23min yang lalu

Sensex, Nifty Seen Opening Higher On Trade Deal Hopes

Indian shares look set to open on a positive note Tuesday after U.S. President Donald Trump indicated he would reduce the tariff rate on Indian goods "at some point," and that the U.S. was "pretty close" to a trade deal with New Delhi that's good for everybody.

RTTNews | 3j 56min yang lalu

Thai Shares Expected To Open To The Upside On Tuesday

The Thai stock market has moved higher in two of three trading days since the end of the five-day losing streak in which it had dropped more than 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,305-point plateau and it's called higher again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead.

RTTNews | 4j 27min yang lalu

Rebound Tipped For Indonesia Stock Market

The Indonesia stock market on Monday snapped the three-day winning streak in which it had gained almost 160 points or 1.2 percent. The Jakarta Composite Index now sits just above the 8,390-point plateau although it's expected to see renewed support on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The JCI finished slightly lower on Monday as losses from the financials and telecoms were mitigated by support from the resource stocks and a mixed picture from the cement companies. For the day, the index eased 3.35 points or 0.04 percent to finish at the daily low of 8,391.24 after peaking at 8,478.15. Among the actives, Bank CIMB Niaga shed 0.57 percent, while Bank Mandiri fell 0.42 percent, Bank Danamon Indonesia collected 0.40 percent, Bank Negara Indonesia tumbled 1.78 percent, Bank Central Asia skidded 1.15 percent, Bank Rakyat Indonesia slumped 1.26 percent, Indosat Ooredoo Hutchison plunged 3.72 percent, Indocement improved 0.78 percent, Semen Indonesia plummeted 4.17 percent, Indofood Sukses Makmur slipped 0.35 percent, United Tractors rallied 1.36 percent, Energi Mega Persada surged 4.60 percent, Astra Agro Lestari dropped 0.96 percent, Aneka Tambang rose 0.34 percent, Vale Indonesia eased 0.22 percent, Timah soared 6.85 percent, Bumi Resources spiked 6.38 percent and Astra International was unchanged. The lead from Wall Street is solid as the major averages opened higher on Monday and largely spent most of the sessions firmly in positive territory.

RTTNews | 4j 57min yang lalu

Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Tuesday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 51,350 level, with gains in index heavyweights, financial and technology and stocks.

RTTNews | 5j 10min yang lalu

Higher Open Predicted For Hong Kong Stock Market

The Hong Kong stock market has moved higher in two of three trading days since the end of the two-day slide in which it had dropped more than 220 points or 0.8 percent. The Hang Seng Index now rests just beneath the 26,650-point plateau and it's expected to open to the upside again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead.

RTTNews | 5j 12min yang lalu

EURUSD	1.15649	GBPUSD	1.31713	AUDUSD	0.65214
USDJPY	154.166	USDCAD	1.40332	USDCHF	0.80399