European Stocks Close Weak After Cautious Session

RTTNews | 1 dni temu

(RTTNews) - European markets settled lower on Monday after a subdued performance as investors awaited the outcome of U.S.-China high-level trade talks in London. Also, a lack of regional economic data and earnings news contributed to the cautious mood in the markets.

The U.S.-China discussions will aim to resolve some major trade disputes between the two major economies. Treasury Secretary Scott Bessent leads the U.S. delegation in the high-level trade talks.

The meeting happens following last week's direct phone call between U.S. President Donald Trump and Chinese President Xi Jinping.

The pan European Stoxx 600 ended down 0.11%. The U.K.'s FTSE 100 and France's CAC 40 edged down by 0.13% and 0.07%, respectively. Germany's DAX closed down 0.55%. The Switzerland market was closed today due to the observance of Pentecost.

Among other markets in Europe, Austria, Czech Republic, Portugal, Russia and Sweden closed weak.

Belgium, Finland, Ireland, Netherlands and Poland ended higher, while Spain settled flat.

In the German market, Siemens Energy ended nearly 3% down. SAP, Beiersdorf, Allianz and Deutsche Boerse ended lower by 1.3 to 1.7%.

Puma climbed about 4.5%. Infineo, BASF, Adidas, Daimler Truck Holding, Sartorius and Qiagen gained 0.7 to 1.5%.

In the French market, Saint Gobain lost about 2%. Sanofi, Schneider Electric, STMicroElectronics, Thales, AXA, Societe Generale and L'Oreal closed down 0.6 to 1.1%.

Pernod Ricard rallied about 3.2%. Teleperformance and Kering gained 2.8% and 2.5%, respectively. Credit Agricole, Renault, Accor, Stellantis, BNP Paribas and Vivendi closed up 0.4 to 1.3%.

In the UK market, WPP ended down by about 2.7%, after an announcement that Mark Read, Chief Executive Officer (CEO), will retire from the Board and as CEO on 31 December 2025.

Hiscox ended down 2.4%. Aviva, Marks & Spencer, Haleon, Endavour Mining, Tesco, Smith & Nephew, Relx, BT Group and Babcock International Group lost 1 to 2%.

Melrose Industries rallied 3.6%, Spirax Group gained 3.3% and M&G climbed 3.04%. JD Sports Fashion, Fresnillo, IMI, Diageo, Taylor Wimpey, IAG, Croda International, 3i Group, Persimmon, Halma, Entain, Howden Joinery, Glencore and Segro gained 1 to 2.5%.

Alphawave IP Group Plc shares soared nearly 23% after Qualcomm agreed to buy the London-listed semiconductor company for about $2.4 billion in cash.

Shares of cosmetics firm Revolution Beauty Inc zoomed more than 10% after the company confirmed that Frasers Group is one of several parties currently conducting due diligence as part of its ongoing formal sale process.

Malaysia Bourse Likely To Remain Rangebound

The Malaysia stock market has moved lower in two of three trading days since the end of the two-day winning streak in which it had gained almost 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just above the 1,515-point plateau and it's expected to remain in that neighborhood again on Tuesday.

RTTNews | 18 minut temu

Japan Shares May See Continued Support On Wednesday

The Japan stock market has finished higher in three straight sessions, climbing more than 650 points or 1.9 percent along the way. The Nikkei 225 now sits just above the 38,210-point plateau and it may add to its winnings again on Wednesday.

RTTNews | 33 minut temu

KOSPI May Challenge Resistance At 2,900 Points

The South Korea stock market has finished higher in five straight sessions, collecting more than 175 points or 6.4 percent along the way. The KOSPI now rests just above the 2,870-point plateau and it's tipped to open in the green again on Wednesday.

RTTNews | 48 minut temu

Japan Producer Price Data Due On Wednesday

Japan will on Tuesday release May figures for producer prices, highlighting a light day for Asia-Pacific economic activity. In April, producer prices were up 0.2 percent on month and 4.0 percent on year.

RTTNews | 1g 48 minut temu

Gold Dips As US-China Trade Talks Continue

Gold prices dipped on Tuesday, ahead of US inflation report and ongoing US-China official talks, which is now the focus of investors from all over the world. Front Month Comex Gold for June delivery lost $11.20 (or 0.34%) to $3320.90 per troy ounce on Tuesday. Front Month Comex Silver for June delivery lost $14.60 cents (or 0.40%) to $36.542 today. The much-anticipated high-level trade talks between the world's two largest economies, U.S. and China, began on Monday in London and continued for the second day today. On the economic data front, the US Labor Department will release Consumer Price Index (CPI) data on Wednesday, which may help to determine the Federal Reserve's monetary policy before the Fed's June 17-18 meeting. Meanwhile, the World Bank, in its biannual Global Economic Prospects, has cut the global growth forecast to 2.3% from 2.7% for the current year citing "trade barriers" as a reason behind the global slowdown.

RTTNews | 3g 35 minut temu

Crude Oil Prices Fade As US-China Talks Progress

Crude oil prices were down on Tuesday amidst uncertainty over trade talks between China and the United States continued, although the outcome remains uncertain. WTI oil closed down by $0.31 to settle at $64.98 per barrel. August Brent crude was last seen down by $0.03 to $67.01. To ease the standstill created by the reciprocal tariffs imposed by U.S. President Donald Trump and China, high-level officials from both nations convened at London on Monday to discuss steps to soften the conflict. As the talks went on for the second day today, Trump told reporters at the White House that the talks were "going well" and that he was "only getting good reports." While U.S. Treasury Secretary Scott Bessent described Monday's talks as "good meeting," the Commerce Secretary Howard Lutnick called them as "fruitful." On the geopolitical front, however, Russia showed no sign of relenting on its war with Ukraine and continued its attacks. Limiting the downside, the U.S. Energy Information Administration has reported today that US crude oil production is likely to decline over the next 18 months - while the approach of the summer driving season is also good news.

RTTNews | 3g 41 minut temu

Canadian Dollar Appreciates Amid Risk Appetite

The Canadian dollar climbed against its major counterparts in the New York session on Tuesday, as investors monitored trade talks between the U.S. and China that continued for a second day.

RTTNews | 4g 21 minut temu

Swiss Market Ends Marginally Down

Save for a very brief while at the start, the Switzerland market stayed weak on Tuesday as investors refrained from making significant moves, choosing to wait for directional clues. Investors awaited the outcome of the high-level trade discussions between U.S. and Chinese officials in London.

RTTNews | 5g 46 minut temu

EURUSD	1.14386	GBPUSD	1.35086	AUDUSD	0.65292
USDJPY	144.818	USDCAD	1.36669	USDCHF	0.822

Advertisement

European Stocks Close Weak After Cautious Session