European Shares Inch Higher As Trade Tensions Ease

RTTNews | 75 days ago
European Shares Inch Higher As Trade Tensions Ease

(RTTNews) - European shares eked out modest gains on Friday, with signs of easing Sino-U.S. trade tensions and some upbeat corporate earnings helping underpin investor sentiment.

U.S. President Donald Trump refuted Beijing claims of no trade talks, asserting that talks are underway.

China may consider exempting some U.S. goods from tariffs as the economic costs of the tit-for-tat trade war weigh heavily on certain industries, Bloomberg News reported, citing people familiar with the matter.

In economic releases, U.K. retail sales grew unexpectedly in March as good weather boosted sales of clothing and outdoor retailers, the Office for National Statistics said.

Retail sales grew 0.4 percent on a monthly basis, confounding expectations for a decline of 0.3 percent. However, this was slower than the 0.7 percent increase in February and marked the third consecutive increase.

On a yearly basis, retail sales growth advanced to 2.6 percent from 1.8 percent in February. Similarly, core retail sales growth improved to 3.3 percent from 1.8 percent.

The pan European STOXX 600 was up 0.3 percent at 520.16 after rising 0.4 percent in the previous session.

The German DAX gained 0.4 percent, France's CAC 40 climbed 0.7 percent and the U.K.'s FTSE 100 was up 0.3 percent.

Swedish bearing and seal manufacturing company SKF edged down slightly after it gave a cautious outlook for Q2.

Nordex SE advanced 1.6 percent. The German wind turbine manufacturer returned to the black in the first quarter of 2025 as orders grew.

French jet engine maker Safran SA jumped 5.2 percent after reporting stronger-than-expected revenue for the first quarter and confirming its FY25 outlook.

Holcim AG rose nearly 2 percent. The Swiss construction materials maker reported better-than-expected first-quarter profit as it prepares for a major corporate shift. Advertising giant WPP gained 1.1 percent despite reporting a decline in first-quarter revenue.

read more
Bank Of Korea Keeps Rates Steady

Bank Of Korea Keeps Rates Steady

The Bank of Korea maintained its interest rate on Thursday as rising house prices and household debt pose risks to the financial stability amid escalating trade tensions weighing on economic growth outlook. The Monetary Policy Board decided to leave the Base Rate unchanged at 2.50 percent. The bank had previously reduced the benchmark rate by a quarter-point each in May and February.
RTTNews | 1h 31min ago
European Shares Set To Open Higher Despite Rising Trade Tensions

European Shares Set To Open Higher Despite Rising Trade Tensions

European stocks may open mostly higher on Thursday despite U.S. President Donald Trump escalating his tariff campaign, sending letters to six additional countries—Algeria, Iraq, Libya, Brunei, Moldova, and the Philippines—with fresh import duties ranging from 20-30 percent.
RTTNews | 2h 27min ago
European Economic News Preview: Germany Final Inflation Data Due

European Economic News Preview: Germany Final Inflation Data Due

Final inflation from Germany and industrial output from Italy are the top economic news due on Thursday. At 2.00 am ET, Destatis is scheduled to release Germany's final inflation data for June. Flash inflation showed that consumer price inflation eased to 2.0 percent from 2.1 percent in May.
RTTNews | 2h 47min ago
Sensex, Nifty Subdued On Trade Jitters

Sensex, Nifty Subdued On Trade Jitters

Indian shares were subdued on Thursday as U.S. President Donald Trump escalated his tariff campaign, sending letters targeting six additional countries—Algeria, Iraq, Libya, Brunei, Moldova, and the Philippines—with fresh import duties ranging from 20-30 percent.
RTTNews | 3h 39min ago
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian market is extending early gains in mid-market moves on Thursday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,600 level, with gains across all sectors led by technology and mining stocks.
RTTNews | 4h 37min ago
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders are optimistic about an end to the tariff uncertainty after US President Donald Trump made it clear that he will not extend the August 1 deadline for trade deals, though he gets aggressive with tariff imposition.
RTTNews | 4h 41min ago
Sensex, Nifty Set For Muted Open

Sensex, Nifty Set For Muted Open

Indian shares look set to open on a flat note Thursday as investors watch the latest developments on the trade front, react to the latest FOMC meeting minutes and look for direction from Q1 business updates from prominent companies.
RTTNews | 5h 28min ago
Indonesia Stock Market May Extend Winning Streak

Indonesia Stock Market May Extend Winning Streak

The Indonesia stock market has moved higher in three straight sessions, gathering almost 80 points or 1.2 percent along the way. The Jakarta Composite Index now sits just above the 6,940-point plateau and it may add to its winnings again on Thursday.
RTTNews | 6h 28min ago