European Markets Close On Buoyant Note As Trade Tensions Ease

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(RTTNews) - European stocks closed on a strong note on Wednesday as U.S. President Donald Trump toned down his rhetoric on Jerome Powell, and also admitted that the proposed tariffs on China are "very high."

Trump said he would like to see Powell to be a little more active in terms of his idea to lower interest rates, and that he has no intention to fire him.

On the tariff front, the U.S. President said tariffs on China will come down substantially.

Investors also digested a slew of earnings updates from the region, and data on service sector and manufacturing activity in the major economies in the region.

The pan European Stoxx 600 gained 1.53%. The U.K.'s FTSE 100 climbed 1.23%, Germany's DAX advanced 2.36% and France's CAC 40 closed up 2.02%, while Switzerland's SMI settled higher by 1.39%.

Among other markets in Europe, Austria, Belgium, Czech Republic, Denmark, Finland, Greece, Iceland, Ireland, Italy, Netherlands, Norway, Poland, Spain and Sweden ended notably higher.

Portugal edged up marginally, while Russia and Turkiye closed weak.

In the UK market, Croda International surged more than 8%. Antofagasta and Standard Chartered climbed 7% and 6.3%, respectively. HSBC Holdings, Babcock International, Barclays, Polar Capital Technology Trust, IAG, IMI and Glencore gained 4 to 6%.

Reckitt Benckiser closed 5.7% down, hurt by the company missing first-quarter sales estimates. Fresnillo lost more than 5% after reporting about a 9% decline in silver production in Q1.

Endeavour Mining shed about 5.6%. Severn Trent, Vodafone Group, Next, Marks & Spencer, National Grid and BAE Systems were among the other notable losers.

In the German market, SAP soared more than 10% after reporting a 60% year-on-year increase in operating profit. The company reported first-quarter earnings of EUR 1.8 billion, compared to EUR 0.82 billion a year ago. Revenue for the first quarter was EUR 9.013 billion, compared to EUR 8.041 billion in the year-ago quarter.

Sartorius, Deutsche Bank, Adidas, MTU Aero Engines, Commerzbank, Infineon, Siemens, Mercedes-Benz and Puma gained 3 to 5%.

Adidas, Bayer, Volkswagen, Deutsche Post, BMW, Brenntag, Continental, Siemens Energy, Siemens Healthineers, Porsche, Deutsche Telekom, Heidelberg Materials, Qiagen and Zalando gained 1.8 to 3%.

Rheinmetall ended 4.4% down. E.ON and Vonovia also closed notably lower.

In the French market, Eurofins Scientific zoomed more than 12% thanks to the company reporting a near 7% surge in first-quarter revenue at euro 1,767 million. Organic revenue growth was up 3.9% in the first-quarter.

STMicroElectronics gained nearly 6%, while ArcelorMittal, Schneider Electric, Saint Gobain, Airbus, Societe Generale, Capgemini, Acco, BNP Paribas and L'Oreal advanced 3 to 5.4%.

Data from S&P Global showed the HCOB Flash Germany Composite PMI declined to 49.7 in April 2025 from 51.3 in March, pointing to a surprise contraction in private sector activity, the first in four months.

The services sector moved back into contraction, with the PMI coming in at 48.8 for the month of April from 50.9 in March. Meanwhile, the manufacturing downturn deepened to 48.0 from 48.3.

Flash survey data from S&P Global showed France's private sector activity came under renewed pressure in April due to pronounced demand weakness in the domestic market and deteriorating confidence among service providers.

The HCOB composite output index registered 47.3 in April, down from 48.0 in March. The reading was expected to ease to 47.8. The score remained below the threshold 50.0 mark for the eight successive month indicating contraction in output.

The services Purchasing Managers' Index slid to 46.8 in April from 47.9 in the previous month. The score was also below forecast of 47.7. The factory PMI posted 48.2, down from 48.5 a month ago. The reading was expected to drop more sharply to 47.9.

The UK private sector activity deteriorated for the first time in one-and-a-haf years in April amid weaker foreign demand linked to tariff uncertainty, flash survey data from S&P Global revealed.

The flash composite output index dropped to a 29-month low of 48.2 in April from 51.5 in March. The expected score was 50.4.

The services Purchasing Managers' Index also fell to a 27-month low of 48.9 compared to 52.5 in March. The score was well below the forecast of 51.5. At 44.0, the manufacturing PMI remained at a 20-month low as expected and down from 45.3 in March.

Sensex, Nifty Open Higher; IT Stocks Lead Gains

Indian shares opened on a positive note on Tuesday, tracking mostly positive cues from global markets amid optimism around a potential Federal Reserve rate cut next week.

RTTNews | 1घंटे 7 मिनट पहले

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, adding to the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,800 level, with weakness in iron ore miners, financial and energy stocks partially offset by gains in gold miners.

RTTNews | 2घंटे 7 मिनट पहले

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic about the outlook for interest rates following last week's weaker-than-expected US jobs data. They also remain cautious ahead of key U.S. inflation readings due later in the week that could influence the US Fed's rate trajectory.

RTTNews | 2घंटे 41 मिनट पहले

Sensex, Nifty Seen Higher At Open

Indian shares look set to open higher on Tuesday, even as volatility cannot be ruled out amid talk of more sanctions against Russia and ahead of key U.S. inflation readings due this week that could influence the Federal Reserve's rate trajectory.

RTTNews | 3घंटे 10 मिनट पहले

Higher Open Called For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, adding almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,265-point plateau and it may extend its winning streak again on Tuesday. The global forecast for the Asian markets is upbeat on optimism over the outlook for interest rates. The European and U.S. markets were modestly higher and the Asian bourses are expected to follow that lead. The SET finished slightly higher on Monday following gains from the food, consumer, finance, industrial, property and service sectors. For the day, the index was up 1.31 points or 0.10 percent to finish at 1,266.11 after trading between 1,264.79 and 1,276.15. Volume was 10.729 billion shares worth 54.546 billion baht. There were 278 gainers and 195 decliners, with 182 stocks finishing unchanged. Among the actives, Advanced Info skidded 1.02 percent, while Thailand Airport tumbled 1.95 percent, Banpu fell 0.40 percent, Bangkok Bank collected 0.66 percent, Bangkok Dusit Medical sank 0.95 percent, Bangkok Expressway soared 4.76 percent, B. Grimm retreated 1.54 percent, BTS Group rallied 4.24 percent, CP All Public jumped 1.58 percent, CP Axtra skyrocketed 14.14 percent, Charoen Pokphand Foods surged 4.44 percent, Energy Absolute stumbled 2.84 percent, Gulf plummeted 4.74 percent, Kasikornbank climbed 1.18 percent, Krung Thai Bank advanced 0.99 percent, Krung Thai Card dropped 0.85 percent, PTT Oil & Retail strengthened 1.39 percent, PTT improved 0.79 percent, PTT Global Chemical slumped 0.90 percent, SCG Packaging added 0.56 percent, Siam Commercial Bank shed 0.40 percent, Siam Concrete spiked 2.28 percent, TTB Bank skidded 1.05 percent and Asset World, True Corporation, PTT Exploration and Production and Thai Oil were unchanged.

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Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Tuesday, extending the gains in the previous three sessions, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 44,100 level to record all-time highs, after Prime Minister Shigeru Ishiba announced his resignation, with gains across most sectors led by exporters and technology stocks.

RTTNews | 4घंटे 10 मिनट पहले

Indonesia Bourse Expected To Halt Its Slide On Tuesday

The Indonesia stock market has moved lower in two straight sessions, sinking almost 120 points or 1.8 percent in that span. The Jakarta Composite Index now rests just above the 7,765-point plateau although it may stop the bleeding on Tuesday. The global forecast for the Asian markets is upbeat on optimism over the outlook for interest rates. The European and U.S. markets were modestly higher and the Asian bourses are expected to follow that lead. The JCI finished sharply lower on Monday following losses from the finance, food and telecom stocks, while the resource companies were mixed. For the day, the index tumbled 100.50 points or 1.28 percent to finish at 7,766.85 after trading between 7,766.85 and 7,934.99. Among the actives, Bank CIMB Niaga dipped 0.29 percent, while Bank Mandiri tanked 4.06 percent, Bank Danamon Indonesia skidded 1.18 percent, Bank Negara Indonesia stumbled 4.35 percent, Bank Central Asia surrendered 3.75 percent, Bank Rakyat Indonesia retreated 2.50 percent, Indosat Ooredoo Hutchison declined 2.04 percent, Indofood Sukses Makmur slumped 1.33 percent, United Tractors surged 4.34 percent, Astra International tumbled 1.36 percent, Energi Mega Persada dropped 2.50 percent, Astra Agro Lestari shed 0.68 percent, Aneka Tambang soared 6.49 percent, Vale Indonesia eased 0.26 percent, Timah rallied 5.83 percent, Bumi Resources sank 3.57 percent and Indocement and Semen Indonesia were unchanged.

RTTNews | 4घंटे 10 मिनट पहले

Hong Kong Shares Poised To Open To The Upside

The Hong Kong stock market has moved higher in consecutive trading days, climbing more than 675 points or 2.7 percent along the way. The Hang Seng Index now sits just above the 25,630-point plateau and it may see mild upside again on Tuesday. The global forecast for the Asian markets is upbeat on optimism over the outlook for interest rates. The European and U.S. markets were modestly higher and the Asian bourses are expected to follow that lead. The Hang Seng finished modestly higher on Monday following gains from the property stocks, technology companies and financial shares. For the day, the index gained 215.93 points or 0.85 percent to finish at 25,633.91 after trading between 25,387.81 and 25,664.01. Among the actives, Alibaba Group spiked 4.17 percent, while ANTA Sports climbed 0.85 percent, China Life Insurance sank 0.35 percent, China Mengniu Dairy and Nongfu Spring both shed 0.20 percent, China Resources Land improved 0.45 percent, CITIC surged 6.81 percent, CNOOC added 0.40 percent, CSPC Pharmaceutical accelerated 2.59 percent, Galaxy Entertainment advanced 0.58 percent, Hang Lung Properties gained 0.12 percent, Henderson Land increased 0.23 percent, Hong Kong & China Gas jumped 1.74 percent, Industrial and Commercial Bank of China collected 0.35 percent, JD.com strengthened 1.06 percent, Lenovo plunged 3.00 percent, Li Auto stumbled 1.02 percent, Li Ning rose 0.11 percent, Meituan slumped 0.97 percent, New World Development skyrocketed 17.40 percent, Techtronic Industries dipped 0.10 percent, Xiaomi Corporation rallied 2.05 percent, WuXi Biologics soared 5.52 percent and Haier Smart Home and Alibaba Health Info were unchanged.

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EURUSD	1.17757	GBPUSD	1.35762	AUDUSD	0.66091
USDJPY	146.946	USDCAD	1.3798	USDCHF	0.79205