European Stocks Close On Firm Note On Trade Deal Optimism, Earnings

RTTNews | vor 69 Tagen
European Stocks Close On Firm Note On Trade Deal Optimism, Earnings

(RTTNews) - European stocks closed higher on Friday amid optimism about the U.S. and China agreeing on a trade deal this weekend, close on the heels of U.S. President Donald Trump unveiling the framework of a trade agreement with the U.K. on Thursday.

Trump said on Thursday that the meetings with China on trade and economic issues could be "very substantive" and lead to tariff reductions.

U.S. Commerce Secretary Howard Lutnick told CNBC that dozens of trade deals will be rolled over the next month, but a 10% tariff imposed on most countries will likely stay.

The pan European Stoxx 600 climbed 0.44%. Germany's DAX, which rose to a record high, gained 0.56%. The U.K.'s FTSE 100 and France's CAC 40 closed up 0.46% and 0.7%, respectively. Switzerland's SMI ended 0.21% up.

Among other markets in Europe, Austria, Belgium, Czech Republic, Denmark, Finland, Greece, Iceland, Ireland, Netherlands, Poland, Russia, Spain and Turkiye closed higher.

Norway and Portugal ended weak, while Sweden closed flat.

In the UK market, BP, Airtel Africa and Associated British Foods gained 4 to 4.8%. Fresnillo, Kingfisher, JD Sports Fashion, Endeavour Mining, Mondi, Haleon, BT Group and Phoenix Group Holdings climbed 1.5 to 3%.

IAG gained nearly 2.5%. IAG reported operating earnings of €198 million for the three months to March 31, compared to €68 million a year earlier and a consensus of €158 million from analyst estimates compiled by the company.

IAG also announced that it has ordered up to 76 new Boeing and Airbus aircraft.

BAE Systems and British American Tobacco closed lower by 3.3% and 3.2%, respectively. RightMove, Babcock International, Imperial Brands, Intercontinental Hotels Group, Taylor Wimpey, EasyJet and Marks & Spencer lost 1 to 2.4%.

In Germany, Commerzbank gained about 4.5% after the lender reported higher profit in its first quarter, despite weak net interest income. Further, the company confirmed its fiscal 2025 outlook for net result, and adjusted net interest income view.

In the first quarter, consolidated net result increased 11.7% to 834 million euros from last year's 747 million euros. The company said it is the best quarterly result since the first quarter of 2011.

Bayer and Daimler Truck Holding climbed 2.7% and 2.5%, respectively. Siemens Energy, Deutsche Bank, BMW, Merck, Brenntag, Infineon, Deutsche Telekom, Siemens Healthineers and Vonovia gained 1 to 2%.

Puma ended more than 5% down. Allianz drifted down by about 2.7%, while Qiagen and MTU Aero Engines ended lower by 1.1% and 1%, respectively.

In the French market, STMicroElectronics rallied more than 5%. Capgemini gained about 3.3%, while Renault, L'Oreal, LVMH, TotalEnergies, Edenred, Publicis Groupe, Teleperformance, Kering, Sanofi, AXA, Dassault Systemes and Unibail Rodamco climbed 1 to 2.2%.

Thales ended lower by nearly 3%. Safraon, Essilor and Accor closed moderately lower.

read more
Sensex, Nifty Seen Flat To Higher At Open

Sensex, Nifty Seen Flat To Higher At Open

Indian shares are seen opening higher on Friday after major U.S. indexes hit record closing highs overnight on the back of positive economic indicators and encouraging corporate earnings.
RTTNews | vor 25 Minuten
Thai Stock Market May Be Stuck In Neutral On Friday

Thai Stock Market May Be Stuck In Neutral On Friday

The Thai stock market moved emphatically higher again on Thursday, one day after ending the three-day winning streak in which it had rallied more than 50 points or 4.5 percent. The Stock Exchange of Thailand now sits just beneath the 1,200-point plateau although it may see a downward correction on Friday.
RTTNews | vor 56 Minuten
Japanese Market Slightly Higher

Japanese Market Slightly Higher

Extending the gains in the previous session, the Japanese market is slightly higher on Friday, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 39,900 level, with gains in exporters and financial stocks partially offset by weakness in technology stocks.
RTTNews | vor 1Std 16 Minuten
Indonesia Bourse Has Positive Lead For Friday

Indonesia Bourse Has Positive Lead For Friday

The Indonesia stock market has moved higher in nine straight sessions, gathering more than 415 points or 6 percent along the way. The Jakarta Composite Index now sits just beneath the 7,290-point plateau and it's tipped to open in the green again on Friday.
RTTNews | vor 1Std 26 Minuten
Hong Kong Stock Market Due For Support On Friday

Hong Kong Stock Market Due For Support On Friday

The Hong Kong stock market has moved lower in back-to-back sessions, sinking more than 90 points or 0.3 percent along the way. The Hang Seng Index now sits just beneath the 24,500-point plateau although it may stop the bleeding on Friday.
RTTNews | vor 1Std 41 Minuten
Australian Market Notably Higher

Australian Market Notably Higher

The Australian stock market is trading notably higher on Friday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,700 level, with gains across all sectors led by technology and mining stocks.
RTTNews | vor 1Std 54 Minuten
Additional Support Expected For China Stock Market

Additional Support Expected For China Stock Market

The China stock market on Thursday ended the two-day slide in which it had dropped more than 15 point or 0.4 percent. The Shanghai Composite Index now sits just above the 3,515-point plateau and it's tipped to extend its gains on Friday.
RTTNews | vor 1Std 56 Minuten
Win Streak May Continue For Taiwan Stock Market

Win Streak May Continue For Taiwan Stock Market

The Taiwan stock market has finished higher in three straight sessions, collecting almost 500 points or 2.2 percent along the way. The Taiwan Stock Exchange now sits just above the 23,110-point plateau and it's expected to open to the upside again on Friday.
RTTNews | vor 2Std 26 Minuten