European Shares Edge Higher As Investors Look Ahead To Fed, ECB Meetings

RTTNews | 209 dias atrás

(RTTNews) - European stocks traded higher on Tuesday as investors looked ahead to upcoming Fed and ECB meetings.

On a light day on the economic front, data showed a measure of French consumer confidence rose to 92 in January from 89 in the previous month.

The Spanish Economy Ministry said it will raise its gross domestic product growth target for this year above the current 2.4 percent.

The pan European STOXX 600 was up 0.3 percent at 531.23 after ending flat with a negative bias the previous day.

The German DAX edged up by 0.1 percent and the U.K.'s FTSE 100 rose 0.3 percent, while France's CAC 40 slipped 0.1 percent.

German media company Freenet AG rose over 1 percent after appointing Robin John Andes Harries as its new CEO.

Energy technology group Siemens Energy rallied 3 percent after reporting increased sales and earnings figures for the first quarter and raising part of its forecast for the 2024/25 financial year.

Basilea Pharma added 1.3 percent. The commercial-stage biopharmaceutical company announced that the total global in-market sales of its leading antifungal Cresemba increased 20 percent year-on-year to $533 million in the twelve-month period between October 2023 and September 2024.

SAP SE gained half a percent. The business-software group raised its operating profit and sales guidance for the year.

SThree fell 2.5 percent in London after fiscal 2024 profit before income tax declined to 67.64 million pounds from 77.91 million pounds in the prior year.

French engineering and technology consulting group Alten SA jumped 9 percent after 2024 revenue increased by 1.8 percent.

Netcompany Group A/S plunged 17 percent after Q4 revenue came in below expectations.

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 | 10 minutos atrás

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 | 37 minutos atrás

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 | 40 minutos atrás

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 | 55 minutos atrás

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 | 57 minutos atrás

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 10min atrás

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 | 1h 40min atrás

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 10min atrás

EURUSD	1.16459	GBPUSD	1.34757	AUDUSD	0.64842
USDJPY	147.281	USDCAD	1.38496	USDCHF	0.80403