European Stocks Close Higher Again

RTTNews | Pred 1029 dňami

(RTTNews) - European stocks closed modestly higher on Monday with investors assessing inflation and growth outlook and focusing on the earnings season.

Data from Destatis showed German wholesale price inflation eased to 12.8% in December from 14.9% in November. This was the slowest rate since August 2021, when prices moved up 12.3%.

Month-on-month, wholesale prices were down 1.6 percent, bigger than November's 0.9% fall.

The World Economic Forum kicked off today in Switzerland, with the war in Ukraine, economic instability and uncertainty and climate change on the agenda.

The pan European Stoxx 600 gained 0.46%. The U.K.'s FTSE 100 advanced 0.2%, Germany's DAX surged 0.31% and France's CAC 40 climbed 0.28%. Switzerland's SMI ended 1.29% up.

Among other markets in Europe, Austria, Belgium, Czech Republic, Denmark, Greece, Poland, Russia, Sweden and Turkiye ended higher.

Iceland, Norway and Portugal closed weak, while Finland, Ireland, Netherlands and Spain ended flat.

In the UK market, Ocado Group climbed about 5.2%. Spirax-Sarco Engineering, BT Group, Prudential, Taylor Wimpey, Intertek Group and Unite Group gained 2 to 2.75%.

ABRDN, St. Jame's Place, Halma, Associated British Foods, WPP, Experian, British Land, Vodafone Group, Kingfisher, Barratt Developments, Segro, Smurfit Kappa Group and Persimmon also ended sharply higher.

Beazley drifted down 3.65%. Rio Tinto ended nearly 2%. Rolls-Royce Holdings, Johnson Matthey, National Grid, Glencore and Admiral Group lost 1 to 2%.

In Paris, Carrefour surged more than 4.5%. Thales, Veolia, Teleperformance, Saint Gobain, Michelin, Publicis Groupe, Air Liquide, Credit Agricole, Capgemini and LVMH gained 1 to 3%.

Orange ended 2.5% down. Hermes International and Airbus also ended notably lower.

In the German market, Vonovia, Deutsche Wohnen, Zalando, Fresenius Medical Care, Adidas, Covestro and Deutsche Post gained 2 to 4%. Fresenius, HeidelbergCement, Puma and Deutsche Bank gained 1 to 1.7%.

HelloFresh dropped more than 5%. RWE ended lower by about 1.6%.

In the Swiss market, Temenos surged nearly 9% as CEO Max Chuard quit the software company under pressure from activist shareholders.

Geoeconomic fragmentation would cost the global economy up to 7% of economic output and this could go up to 12% in some countries in case of additional technological decoupling, the staff report from the International Monetary Fund showed Monday.

Global employment growth is expected to ease to half of the current growth rate in 2022, as labor market recovery may be prevented by uncertain economic conditions amid persisting Covid pandemic conditions, the International Labour Organization, or ILO, said on Monday.

Growth in global jobs is forecast to drop to 1% in 2023 from 2% in 2022, the Geneva-based ILO said in its World Employment and Social Outlook: Trends 2023 report.

The global job growth forecast for 2023 is lower than the previous ILO estimate of 1.5% growth.

Australian Market Slips To Losses In Mid-market

The Australian stock market is slipping in to the red in mid-market trading on Tuesday after early gains, reversing some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well below the 8,850 level, with weakness in financial and technology stocks partially offset by gains in mining and energy stocks.

RTTNews | Pred 2 h 4 min

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from Wall Street overnight, as traders react to further progress made towards ending the US government shutdown, with the US Senate commencing a series of votes on a package to reopen the government and end the longest shutdown on record. Asian markets closed mostly higher on Monday.

RTTNews | Pred 2 h 23 min

Sensex, Nifty Seen Opening Higher On Trade Deal Hopes

Indian shares look set to open on a positive note Tuesday after U.S. President Donald Trump indicated he would reduce the tariff rate on Indian goods "at some point," and that the U.S. was "pretty close" to a trade deal with New Delhi that's good for everybody.

RTTNews | Pred 2 h 55 min

Thai Shares Expected To Open To The Upside On Tuesday

The Thai stock market has moved higher in two of three trading days since the end of the five-day losing streak in which it had dropped more than 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,305-point plateau and it's called higher again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead.

RTTNews | Pred 3 h 26 min

Rebound Tipped For Indonesia Stock Market

The Indonesia stock market on Monday snapped the three-day winning streak in which it had gained almost 160 points or 1.2 percent. The Jakarta Composite Index now sits just above the 8,390-point plateau although it's expected to see renewed support on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The JCI finished slightly lower on Monday as losses from the financials and telecoms were mitigated by support from the resource stocks and a mixed picture from the cement companies. For the day, the index eased 3.35 points or 0.04 percent to finish at the daily low of 8,391.24 after peaking at 8,478.15. Among the actives, Bank CIMB Niaga shed 0.57 percent, while Bank Mandiri fell 0.42 percent, Bank Danamon Indonesia collected 0.40 percent, Bank Negara Indonesia tumbled 1.78 percent, Bank Central Asia skidded 1.15 percent, Bank Rakyat Indonesia slumped 1.26 percent, Indosat Ooredoo Hutchison plunged 3.72 percent, Indocement improved 0.78 percent, Semen Indonesia plummeted 4.17 percent, Indofood Sukses Makmur slipped 0.35 percent, United Tractors rallied 1.36 percent, Energi Mega Persada surged 4.60 percent, Astra Agro Lestari dropped 0.96 percent, Aneka Tambang rose 0.34 percent, Vale Indonesia eased 0.22 percent, Timah soared 6.85 percent, Bumi Resources spiked 6.38 percent and Astra International was unchanged. The lead from Wall Street is solid as the major averages opened higher on Monday and largely spent most of the sessions firmly in positive territory.

RTTNews | Pred 3 h 56 min

Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Tuesday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 51,350 level, with gains in index heavyweights, financial and technology and stocks.

RTTNews | Pred 4 h 10 min

Higher Open Predicted For Hong Kong Stock Market

The Hong Kong stock market has moved higher in two of three trading days since the end of the two-day slide in which it had dropped more than 220 points or 0.8 percent. The Hang Seng Index now rests just beneath the 26,650-point plateau and it's expected to open to the upside again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead.

RTTNews | Pred 4 h 11 min

Additional Support Likely For China Stock Market

The China stock market bounced higher again on Monday, one session after halting the two-day winning streak in which it had advanced more than 45 points or 1.1 percent. The Shanghai Composite Index now sits just beneath the 4,020-point plateau The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The SCI finished modestly higher on Monday following gains from the financial shares, property stocks and resource companies. For the day, the index gained 21.04 points or 0.53 percent to finish at 4,018.60 after trading between 3,990.84 and 4,018.70. The Shenzhen Composite Index added 10.15 points or 0.40 percent to end at 2,529.44. Among the actives, Industrial and Commercial Bank of China advanced 0.87 percent, while Bank of China rose 0.35 percent, Agricultural Bank of China rallied 2.12 percent, China Merchants Bank added 0.49 percent, Bank of Communications collected 0.82 percent, China Life Insurance jumped 1.95 percent, Jiangxi Copper improved 0.95 percent, Aluminum Corp of China (Chalco) soared 3.26 percent, Yankuang Energy vaulted 1.88 percent, PetroChina strengthened 1.65 percent, China Petroleum and Chemical (Sinopec) fell 0.27 percent, Huaneng Power perked 0.24 percent, China Shenhua Energy gained 0.94 percent, Gemdale spiked 2.33 percent, Poly Developments increased 1.25 percent and China Vanke climbed 1.29 percent.

RTTNews | Pred 4 h 26 min

EURUSD	1.1557	GBPUSD	1.31662	AUDUSD	0.65269
USDJPY	154.324	USDCAD	1.40377	USDCHF	0.80478