European Shares Inch Lower As Focus Shifts To Inflation Readings

RTTNews | 2 days ago
European Shares Inch Lower As Focus Shifts To Inflation Readings

(RTTNews) - European stocks drifted lower on Monday ahead of key inflation releases from Germany, France, Italy, and Spain due later in the week.

Traders also await earnings from AI chipmaker Nvidia Corp to determine whether the tech rally is back on or if there's further to go in the rotation trade.

The pan-European STOXX 600 index dipped 0.2 percent to 559.99 while the German DAX shed 0.4 percent and France's CAC 40 gave up 0.6 percent. The U.K. markets remain closed for a public holiday.

JDE Peets NV shares soared 17 percent on news that Keurig Dr Pepper will acquire the Dutch coffee and tea company JDE Peet's in a 15.7-billion-euro ($18.4 billion) deal.

Denmark's Orsted slumped 17 percent after the U.S. government ordered the wind farm developer to halt construction of an almost completed project near Rhode Island.

Peer Vestas Wind tumbled 4.2 percent and Siemens Energy dropped 1.3 percent.

French drug maker Valneva plummeted 25 percent after its shot for a mosquito-borne disease was suspended in the United States following reports of "serious adverse events."

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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 | 45 minutes ago
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 | 1h 0min ago
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 | 1h 43min ago
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 | 1h 51min ago
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 | 2h 0min ago
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian market is slightly lower in choppy trading 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 below the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
RTTNews | 2h 8min ago
Indonesia Shares Tipped To Open In The Green

Indonesia Shares Tipped To Open In The Green

The Indonesia stock market has moved higher in two of three trading days since the end of 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 7,935-point plateau and it may add to its winnings on Thursday.
RTTNews | 2h 30min ago