European Stocks Close On Mixed Note

RTTNews | Před 878 dny

(RTTNews) - European stocks ended on a mixed note on Friday despite seeing some bright moments in positive territory during the course of the day's session.

Easing concerns about interest rates after U.S. consumer price and producer price inflation data came in tamer-than-expected, and fairly strong earnings updates from major U.S. banks Citigroup Inc., Wells Fargo and JP Morgan Chase helped underpin sentiment and limit losses.

The pan European Stoxx 600 ended down 0.11%. The U.K.'s FTSE 100 edged down 0.08% and Germany's DAX dropped 0.22%. Switzerland's SMI climbed 0.8%.

Among other markets in Europe, Austria, Belgium, Finland, Norway, Portugal, Spain and Sweden ended weak.

Czech Republic, Denmark, Greece, Iceland, Ireland, Netherlands, Poland, Russia and Turkiye closed higher.

In the UK market, Ocado Group ended more than 4% down. Croda International, Rolls-Royce Holdings, BP, Legal & General, Johnson Matthey, Shell, Aviva, Fresnillo and M&G shed 1 to 3%.

Spirax-Sarco Engineering climbed more than 3%. Mondi, Halma, Experian, Unite Group, Auto Trader Group, RightMove, Smurfit Kappa Group, Rentokil Initial, Frasers Group, Burberry Group and Persimmon gained 1 to 2%.

McBride shares soared 20% after the consumer goods manufacturer confirmed that it will report a return to profitability for fiscal 2023.

In the German market, Brenntag ended lower by more than 3%. BASF drifted down 2.3%. Commerzbank and Siemens Energy also ended sharply lower.

Deutsche Boerse, Siemens Healthineers, Daimler Truck Holding, SAP and Fresenius gained 0.6 to 1.3%.

In Paris, TotalEnergies shed 2.6%. AXA, Safran, Societe Generale, Airbus Group, ArcelorMittal and Carrefour lost 1 to 1.25%.

LVMH gained about 1.7% and Hermes International climbed 1.6%. L'Oreal, Vinci and Pernord Ricard posted moderate gains.

Finnish telecom gear maker Nokia plunged more than 9% after lowering its full-year outlook.

Shares of Swedish multinational company Ericsson slumped nearly 11% on weak results. The company posted a second quarter net loss of 0.6 billion Swedish kronor compared to profit of 4.7 billion kronor, prior year, primarily due to restructuring charges.

Swedish property group SBB plummeted 11% after posting a wider pre-tax loss in the second quarter.

On the economic front, Germany's wholesale prices posted the biggest fall in three years in June, data from Destatis showed.

Wholesale prices decreased 2.9% on a yearly basis in June, bigger than the 2.6% fall in May. The rate came in line with expectations. The annual fall was the biggest since June 2020.

Month-on-month, wholesale prices dropped 0.2% after easing 1.1% in May. Prices were forecast to ease more markedly by 1.2%.

Data from Eurostat showed the eurozone trade deficit fell to a seasonally adjusted EUR 0.9 billion in May from EUR 8.0 billion in April.

Exports posted a monthly increase of 2.9%, while imports decreased 0.1% in May.

Data from the Federal Statistical Office showed Switzerland's producer and import prices 0.6% year-on-year in June, faster than the 0.3% fall in the previous month. The expected decrease was 1.2%.

The producer price index climbed 1.7% annually in June, while import prices registered a decrease of 5%. On a monthly basis, producer and import prices remained flat in June versus a 0.3% drop in May.

No Help Yet For Thai Stock Market

The Thai stock market has ticked lower in three straight sessions, sinking more than 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau and it's looking at another soft start again on Tuesday.

RTTNews | Před 1 h 22 min

Canadian Dollar Falls Against U.S. Dollar

The Canadian dollar declined against the U.S. dollar in the New York session on Monday.

RTTNews | Před 1 h 47 min

Indonesia Bourse Likely To Remain Rangebound On Tuesday

The Indonesia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had picked up almost 110 points or 1.3 percent. The Jakarta Composite Index now sits just above the 8,710-point plateau although it's expected to open under pressure on Tuesday. The global forecast for the Asian markets is flat to lower ahead of the FOMC meeting later this week. The European markets were mixed and little changed and the U.S. bourses were soft and the Asian markets figure to split the difference. The JCI finished modestly higher on Monday following gains from the telecom, resource and energy companies, while the financials were mixed and the cement stocks were down. For the day, the index advanced 77.93 points or 0.90 percent to finish at 8,710.70 after trading between 8,642.06 and 8,720.09. Among the actives, Bank CIMB Niaga was down 0.28 percent, while Bank Mandiri climbed 1.02 percent, Bank Danamon Indonesia dropped 0.80 percent, Bank Negara Indonesia added 0.47 percent, Bank Rakyat Indonesia collected 0.55 percent, Indosat Ooredoo Hutchison vaulted 3.83 percent, Indocement sank 0.72 percent, Semen Indonesia lost 0.69 percent, Indofood Sukses Makmur tumbled 1.76 percent, United Tractors plunged4.86 percent, Astra International rose 0.37 percent, Energi Mega Persada skyrocketed 18.67 percent, Astra Agro Lestari fell 0.31 percent, Aneka Tambang rallied 2.06 percent, Vale Indonesia spiked 2.57 percent, Timah shed 0.63 percent, Bumi Resources surged 5.88 percent and Bank Central Asia was unchanged.

RTTNews | Před 1 h 52 min

Japanese Market Modestly Lower

The Japanese stock market is trading modestly lower on Tuesday, reversing the gains in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 50,500 level, with weakness in index heavyweights and a mixed performance across most other sectors.

RTTNews | Před 1 h 58 min

Hong Kong Shares May Take Further Damage On Tuesday

The Hong Kong stock market on Monday ended the two-day winning streak in which it had climbed more than 325 points or 1.3 percent. The Hang Seng Index now sits just above the 25,760-point plateau and it's expected to open to the downside again on Tuesday. The global forecast for the Asian markets is flat to lower ahead of the FOMC meeting later this week. The European markets were mixed and little changed and the U.S. bourses were soft and the Asian markets figure to split the difference. The Hang Seng finished sharply lower on Monday following losses from the financial shares, property stocks and technology companies. For the day, the index stumbled 319.72 points or 1.23 percent to finish at 25,765.36 after trading between 25,755.01 and 26,151.46. Among the actives, Alibaba Group declined 1.03 percent, while Alibaba Health Info skidded 0.92 percent, ANTA Sports cratered 2.69 percent, China Life Insurance fell 0.57 percent, China Mengniu Dairy dropped 0.82 percent, China Resources Land tumbled 1.55 percent, CITIC lost 0.65 percent, CNOOC tanked 2.26 percent, CSPC Pharmaceutical plunged 2.85 percent, Galaxy Entertainment added 0.70 percent, Haier Smart Home stumbled 1.77 percent, Hang Lung Properties retreated 1.44 percent, Henderson Land retreated 1.71 percent, Hong Kong & China Gas slumped 0.97 percent, Industrial and Commercial Bank of China plummeted 3.48 percent, JD.com shed 0.68 percent, Lenovo sank 0.80 percent, Li Auto was down 0.36 percent, Li Ning and Xiaomi Corporation both slipped 0.47 percent, Meituan gained 0.45 percent, New World Development climbed 1.13 percent, Nongfu Spring surrendered 2.12 percent, Techtronic Industries crashed 2.29 percent and WuXi Biologics advanced 0.98 percent.

RTTNews | Před 2 h 7 min

Rally May Stall For China Stock Market

The China stock market has moved higher in back-to-back sessions, advancing almost 50 points or 1.3 percent along the way. The Shanghai Composite Index now sits just above the 3,920-point plateau although it may be stuck in neutral on Tuesday.

RTTNews | Před 2 h 22 min

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,600 level, with a mixed performance across most sectors ahead of the domestic interest rate decision later in the day.

RTTNews | Před 2 h 29 min

Taiwan Stock Market Due For Profit Taking

The Taiwan stock market has moved higher in five straight sessions, gathering almost 950 points or 3.5 percent along the way. The Taiwan Stock Exchange now sits just above the 28,300-point plateau although investors figure to lock in gains on Tuesday. The global forecast for the Asian markets is flat to lower ahead of the FOMC meeting later this week. The European markets were mixed and little changed and the U.S. bourses were soft and the Asian markets figure to split the difference. The TSE finished sharply higher on Monday following gains from the financial shares and technology stocks. For the day, the index rallied 322.89 points or 1.15 percent to finish at the daily high of 28,303.78 after trading as low as 28,026.39. Among the actives, Cathay Financial collected 0.44 percent, while Mega Financial sank 0.73 percent, CTBC Financial dipped 0.16 percent, First Financial rose 0.36 percent, Fubon Financial added 0.63 percent, E Sun Financial soared 4.40 percent, Taiwan Semiconductor Manufacturing Company rallied 2.40 percent, United Microelectronics Corporation improved 0.82 percent, Hon Hai Precision gained 0.43 percent, Largan Precision tumbled 1.87 percent, Catcher Technology tanked 2.98 percent, MediaTek climbed 1.05 percent, Novatek Microelectronics shed 0.52 percent, Formosa Plastics lost 0.59 percent, Asia Cement perked 0.13 percent and Delta Electronics and Nan Ya Plastics were unchanged. The lead from Wall Street is weak as the major averages opened mixed but quickly headed south and spent the balance of the session well under water.

RTTNews | Před 2 h 52 min

EURUSD	1.16453	GBPUSD	1.33271	AUDUSD	0.66246
USDJPY	155.881	USDCAD	1.38519	USDCHF	0.80637