European Shares Jump To Record High As Earnings Pour In

RTTNews | 167日前

(RTTNews) - European stocks climbed to a record high on Wednesday as global markets recovered from a tech selloff sparked by concerns over the emergence of a low-cost Chinese AI model.

Investors also digested a slew of corporate earnings results and looked ahead to the Federal Reserve's interest-rate decision later in the day for direction.

In economic releases, Germany's GfK Consumer Sentiment Index for February fell to -22.4, down from -21.4 and missing expectations for a score of -20.5.

The pan European STOXX 600 was up 0.4 percent at 533.87 after rising 0.4 percent in the previous session.

The German DAX gained 0.4 percent and the U.K.'s FTSE 100 was marginally higher while France's CAC 40 dipped 0.4 percent.

British travel retailer WH Smith jumped 5.8 percent after posting higher revenue growth for the 21-week period ended Jan.

Cruise operator Carnival rose about 1 percent. The company has priced its private offering of $2.0 billion aggregate principal amount of 6.125 percent senior unsecured notes due 2033.

Fresnillo rallied 2.4 percent. The precious metals miner met guidance with silver output in 2024 and marginally beat expectations with gold production.

Logitech International, a Swiss computer peripherals maker, surged 7 percent after reporting better-than-expected Q3 results and raising its full-year guidance.

French luxury group LVMH slumped 5.3 percent as fourth-quarter sales failed to impress.

Remy Cointreau, the maker of Remy Martin cognac and Cointreau liquor, tumbled 3 percent after announcing it was expecting an organic decline in annual sales at the lower end of its forecast range.

Skanska AB added 1.5 percent after it secured a $450M contract to replace North Carolina's Lindsay C. Warren Bridge with an innovative fixed-span design.

Akzo Nobel NV, the Dutch maker of paints and coatings, lost 4 percent after it forecast a slightly smaller-than-expected rise in 2025.

ASML Holding shares soared 11 percent. The semiconductor giant reported fourth-quarter net bookings of 7.09 billion euros, up 169 percent quarter-over-quarter.

Swedish truck maker Volvo Group surged 5.2 percent as it posted a significant upswing in order intake during the fourth quarter.

Taiwan Stock Market May Hand Back Tuesday's Gains

The Taiwan stock market bounced higher again on Tuesday, one day after ending the three-day winning streak in which it had advanced almost 400 points or 1.8 percent. The Taiwan Stock Exchange now sits just above the 22,835-point plateau although it may turn lower again on Wednesday.

RTTNews | 26分前

Singapore Bourse Overdue For Consolidation On Wednesday

The Singapore stock market has moved higher in seven straight sessions, improving more than 100 points or 2.6 percent along the way. The Straits Times Index now rests just beneath the 4,120-point plateau although it's expected to see profit taking on Wednesday.

RTTNews | 56分前

Continued Consolidation Called For Malaysia Stock Market

The Malaysia stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day losing streak in which it had slipped more than 20 points or 1.3 percent. The Kuala Lumpur Composite Index now sits just above the 1,525-point plateau and it may take further damage on Wednesday.

RTTNews | 1時26分前

Soft Start Likely For Japan Stock Market

The Japanese stock market on Tuesday ended the three-day losing streak in which it had dropped more than 360 points or 0.9 percent. The Nikkei 225 now sits just beneath the 39,680-point plateau although it may be stuck in neutral on Wednesday.

RTTNews | 1時41分前

Profit Taking Expected For South Korea Shares

The South Korea stock market has tracked higher in back-to-back sessions, advancing almost 40 points or 1.2 percent along the way. Now at a fresh four-year closing high, the KOSPI sits just above the 3,215-point plateau although it is overdue for consolidation on Wednesday.

RTTNews | 1時56分前