European Shares Rise As China Eases COVID Curbs; FTSE 100 Underperforms

RTTNews | 976 วันที่ผ่านมา

(RTTNews) - European stocks rose on Friday to extend gains from the previous session as cooling U.S. inflation fueled hopes the Federal Reserve would soon start scaling down the size of its interest-rate hikes.

Sentiment was also boosted after China cut quarantine restrictions for inbound travelers and flights.

The loosening of curbs came, a day after President Xi Jinping led his new Politburo Standing Committee in a meeting on COVID.

The pan-European STOXX 600 was up half a percent at 433.91 after rallying 2.8 percent to log its biggest percentage gain in five weeks on Thursday.

The German DAX climbed 0.6 percent and France's CAC 40 index added 0.9 percent while the U.K.'s FTSE 100 was down 0.4 percent, giving up early gains after the release of GDP data.

Miners Anglo American and Antofagasta surged 4-5 percent in London on news of China easing its stringent COVID rules.

China-exposed luxury giants were moving higher, with Kering, Pernod Ricard and Hermes International climbing 1-3 percent in Paris.

Richemont shares soared 14 percent. The Swiss luxury goods group struck an upbeat tone after reporting higher half-year sales.

British safety equipment company Halma gained about 1 percent after naming Steve Gunning as its new CFO.

Drug maker AstraZeneca fell 2.5 percent after saying it is longer pursuing U.S. approval of its COVID-19 vaccine.

German steel producer Salzgitter jumped 7.7 percent despite reporting lower Q3 profit.

Reinsurer Munich Re was little changed after cutting stake in Admiral Group.

In economic releases, German consumer price inflation accelerated to 10.4 percent in October from 10.0 percent in September, final data from Destatis showed. The rate came in line with the flash estimate.

U.K. GDP shrank 0.2 percent sequentially, offsetting the 0.2 percent gain in the second quarter - according to the first estimate from the Office for National Statistics. However, the pace of decline was slower than economists' forecast of -0.5 percent.

Rally May Stall For Indonesia Stock Market

The Indonesia stock market has moved higher in six straight sessions, gathering almost 230 points or 3.3 percent along the way. The Jakarta Composite Index now sits just beneath the 7,100-point plateau although investors figure to lock in gains on Tuesday. The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.

RTTNews | 14 นาทีที่ผ่านมา

Australian Market Notably Higher

The Australian stock market is trading notably higher on Tuesday, reversing the losses in the previous two sessions, 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 most sectors led by technology and financial stocks. Iron ore miners were the only weak spot.

RTTNews | 22 นาทีที่ผ่านมา

Hong Kong Stock Market Tipped To Open In The Green

The Hong Kong stock market has moved higher in three straight trading days, collecting almost 310 points or 1.3 percent along the way. The Hang Seng Index now sits just above the 24,200-point plateau and it's expected to see mild upside again on Tuesday. The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.

RTTNews | 29 นาทีที่ผ่านมา

China Stock Market May Add To Its Winnings

The China stock market has moved higher in three straight sessions, gathering more than 25 points or 0.8 percent along the way. The Shanghai Composite Index now sits just beneath the 3,520-point plateau and it may see additional support on Tuesday. The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.

RTTNews | 44 นาทีที่ผ่านมา

Tech Shares May Give Taiwan Stocks A Lift

The Taiwan stock market on Monday wrote a finish to 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 22,610-point plateau although it's expected to bounce higher again on Tuesday. The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.

RTTNews | 1 ชม. 14 นาทีที่ผ่านมา

Singapore Bourse Due For Consolidation On Tuesday

The Singapore stock market has moved higher in six straight sessions, improving more than 90 points or 2.3 percent along the way. The Straits Times Index now rests just beneath the 4,110-point plateau although it's expected to see profit taking on Tuesday. The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.

RTTNews | 1 ชม. 44 นาทีที่ผ่านมา

Mild Support Expected For Malaysia Stock Market

The Malaysia stock market has finished higher in two of three 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 1,535-point plateau and it may add to its winnings on Tuesday. The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.

RTTNews | 2 ชม. 14 นาทีที่ผ่านมา

Japan Stock Market Poised To Snap Losing Streak

The Japanese stock market has moved lower in three straight sessions, sinking more than 360 points or 0.9 percent in that span. The Nikkei 225 now sits just beneath the 39,570-point plateau although it's likely to stop the bleeding on Tuesday. The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference. The Nikkei finished modestly lower on Monday as losses from the financial and technology stocks were mitigated by support from the automobile producers. For the day, the index shed110.06 points or 0.28 percent to finish at 39,459.62 after trading between 39,288.90 and 39,608.02. Among the actives, Nissan Motor accelerated 3.61 percent, while Mazda Motor rose 0.39 percent, Toyota Motor advanced 0.94 percent, Honda Motor improved 0.86 percent, Softbank Group stumbled 3.12 percent, Mizuho Financial sank 0.71 percent, Sumitomo Mitsui Financial fell 0.33 percent, Mitsubishi Electric eased 0.03 percent, Sony Group slipped 0.31 percent, Panasonic Holdings dropped 0.83 percent and Hitachi climbed 1.21 percent.

RTTNews | 2 ชม. 29 นาทีที่ผ่านมา

EURUSD	1.16685	GBPUSD	1.343	AUDUSD	0.6544
USDJPY	147.737	USDCAD	1.37032	USDCHF	0.79764

Advertisement

European Shares Rise As China Eases COVID Curbs; FTSE 100 Underperforms