European Stocks End On Mixed Note After Cautious Session

RTTNews | 979 hari yang lalu

(RTTNews) - European stocks ended on a mixed note on Friday with investors continuing to react to the minutes from the monetary policy meetings of the Federal Reserve and the European Central Bank, in addition to digesting the latest batch of economic data.

Investors also continued to track the reports about the surge in Covid cases in China.

The pan European Stoxx 600 edged down 0.02%. The U.K.'s FTSE 100 gained 0.27%, while Germany's DAX and France's CAC 40 edged up 0.01% and 0.08%, respectively. Switzerland's SMI ended 0.09% up.

Among other markets in Europe, Austria, Belgium, Denmark, Finland, Sweden and Turkiye closed higher.

Czech Republic, Greece, Iceland, Ireland and Russia ended weak, while Netherlands, Norway, Poland, Portugal and Spain settled flat.

In the UK market, Airtel Africa, Smith & Nephew, Imperial Brands, Frasers Group, BAE Systems, SHELL, BP and Admiral Group gained 1 to 1.5%.

Ocado Group, United Utilities, Centrica, Endeavour Mining Plc, RS Group, Auto Trader Group, RightMove, Antofagasta, Harbour Energy, Segro, Tesco and Natwest Group lost 1 to 2%.

In the German market, RWE climbed nearly 2%. Fresenius, HeidelbergCement and MTU Aero Engines gained 1 to 1.3%.

Zalando drifted down more than 3%. Covestro, Adidas, Sartorius, Puma and Symrise ende lower by 1 to 2.3%.

In Paris, TotalEnergies, Safran, ArcelorMittal, Sanofi, Airbus Group, Saint Gobain and Air Liquide gained 0.5 to 1%.

Pernod Ricard and Renault ended lower by about 2.2% and 1.8%, respectively.

In economic releases, official data showed Germany's economy expanded more than initially estimated in the third quarter, despite weaker global growth, delivery bottlenecks and rising inflation.

GDP grew 0.4% sequentially in the third quarter, faster than the 0.1% rise in the second quarter. The rate was revised up from 0.3% estimated on October 28.

Additionally, survey results from the market research group GfK showed that German consumer confidence is set to rise moderately in December.

The forward-looking consumer confidence index rose to -40.2 from -41.9 in November.

Elsewhere, France's consumer confidence improved slightly in November, in line with expectations, survey figures from the statistical office Insee showed.

The consumer confidence index rose to 83.0 in November from 82.0 in the previous month. However, the index was well below its long-term average of 100.

UK car production returned to growth in October underpinned by both domestic and foreign demand, data published by the Society of Motor Manufacturers and Traders showed.

Car production grew 7.4% on a yearly basis in October, reversing a 6% decrease in September.

Demand from domestic market increased 12.5% and that from foreign market climbed 6.3% in October. Still October's overall performance was -48.4% off 2019's total of 134,669 units.

Japanese Market Notably Lower

Reversing the gains in the previous session, the Japanese market is notably lower on Friday, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 40,700 level, with weakness in financial and technology stocks partially offset by gains in exporters and automaker stocks.

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Australian Market Notably Lower

The Australian stock market is trading notably lower on Friday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,700 level, with weakness across most sectors led by energy and technology stocks.

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Pound Slides Against Most Majors

The pound fell against its most major counterparts in the New York session on Thursday.

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Swiss Market Ends Moderately Lower

Despite a decent spell in positive territory till about an hour before noon, the Switzerland market turned weak and kept drifting lower as the session progressed on Thursday to eventually settle with a moderate loss.

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European Stocks Close Mostly Weak As Investors React To Earnings

European markets closed mostly lower on Thursday as investors reacted to a slew of earnings announcements and digested the latest batch of economic data from the region, and also followed the developments on the trade front.

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U.S. Consumer Price Growth Matches Estimates In June

A closely watched report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent in June after inching up by an upwardly revised 0.2 percent in May.

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German Unemployment Rises In July

Germany's unemployment increased less than expected in July but the overall number of people out of work remained close to the 3 million mark due to the prolonged period of economic slowdown, official data revealed on Thursday. The number of unemployed rose by less-than-expected 2,000 from June, the Federal Employment Agency said. For July, economists had forecast an increase of 15,000.

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U.S. Jobless Claims Inch Up Less Than Expected To 218,000

First-time claims for U.S. unemployment benefits edged slightly higher in the week ended July 26th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims crept up to 218,000, an increase of 1,000 from the previous week's unrevised level of 217,000. Economists had expected jobless claims to rise to 224,000.

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EURUSD	1.14133	GBPUSD	1.31961	AUDUSD	0.643
USDJPY	150.793	USDCAD	1.38545	USDCHF	0.8138

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European Stocks End On Mixed Note After Cautious Session