European Shares Inch Higher As Tariff Deadline Nears

RTTNews | il y a 56
European Shares Inch Higher As Tariff Deadline Nears

(RTTNews) - European stocks traded higher on Wednesday as investors pondered the prospect of Federal Reserve rate cuts and hoped for a positive resolution on trade discussions ahead of completion of 90-day tariff pause on July 9.

EU's trade chief is expected to hold negotiations this week in Washington to avert higher U.S. tariffs.

The pan-European STOXX 600 rose 0.3 percent to 541.97 after falling 0.2 percent on Tuesday.

The German DAX gained half a percent, France's CAC 40 surged 0.8 percent and the U.K.'s FTSE 100 edged up by 0.1 percent.

In corporate news, budget airline Wizz Air Holdings rallied 2.4 percent after releasing improved passenger traffic statistics for June.

Tile retailer Topps Tiles jumped 7.3 percent on reporting a 10 percent rise in quarterly sales.

Bytes Technology Group shares plunged 25 percent after the software reseller warned of lower first-half profit.

Similarly, bakery chain Greggs plummeted 14 percent after a profit warning.

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Sensex Nifty Decline On Tariff Worries

Sensex Nifty Decline On Tariff Worries

Indian shares opened on a sluggish note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect, impacting trade worth billions of dollars and risking Washington-New Delhi ties.
RTTNews | il y a 51 minutes
European Economic News Preview: Eurozone Economic Sentiment Data Due

European Economic News Preview: Eurozone Economic Sentiment Data Due

Economic confidence and monetary aggregates from the euro area and flash GDP from Switzerland are the top economic news due on Thursday. At 3.00 am ET, the State Secretariat for Economic Affairs is slated to release Swiss GDP data for the second quarter. The economy is expected to grow 0.1 percent sequentially after rising 0.5 percent in the first quarter.
RTTNews | il y a 52 minutes
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
RTTNews | il y a 2h 18min
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.
RTTNews | il y a 2h 33min
Swiss Market Settles Modestly Higher

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.
RTTNews | il y a 3h 16min
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.
RTTNews | il y a 3h 24min
Thai Bourse May Halt Losing Streak On Thursday

Thai Bourse May Halt Losing Streak On Thursday

The Thai stock market has moved lower in back-to-back sessions, slipping almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may stop the bleeding on Thursday.
RTTNews | il y a 3h 33min