European Stocks Close Weak After Cautious Session

RTTNews | 3 days ago
European Stocks Close Weak After Cautious Session

(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.

read more
Australian Market Doubles Early Losses In Mid-market

Australian Market Doubles Early Losses In Mid-market

The Australian stock market is doubling its early loses in mid-market moves on Friday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,550 level, with weakness is technology stocks partially offset by gains in gold miners and energy stocks.
RTTNews | 1h 16min ago
Asian Markets A Sea Of Red

Asian Markets A Sea Of Red

Asian stock markets are a sea of red on Friday, despite the broadly positive cues from Wall Street overnight, amid heightening geopolitical tensions in the Middle East region after Israel launched a preemptive strike against Iran in a major escalation of the regional conflict. US officials confirmed that the U.S. had no involvement or role in the operation. Asian markets ended mixed on Thursday.
RTTNews | 1h 35min ago
Thai Stock Market May Erase Thursday's Losses

Thai Stock Market May Erase Thursday's Losses

The Thai stock market on Thursday ended the two-day winning streak in which it had risen more than 6 points or 0.6 percent. The Stock Exchange of Thailand now rests just beneath the 1,130-point plateau and it's expected to open higher on Friday.
RTTNews | 2h 41min ago
Indonesia Shares May Move Higher On Friday

Indonesia Shares May Move Higher On Friday

The Indonesia stock market has moved lower in back-to-back sessions, slipping more than 25 points or 0.4 percent in that span. The Jakarta Composite Index now rests just above the 7,200-point plateau although it may find support on Friday.
RTTNews | 3h 11min ago
Japanese Market Sharply Lower

Japanese Market Sharply Lower

Extending the losses in the previous session, the Japanese market is sharply lower on Friday, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling below the 37,600 level, with weakness across most sectors led by index heavyweights, exporters and technology stocks.
RTTNews | 3h 13min ago
Little Movement Seen For Hong Kong Stock Market

Little Movement Seen For Hong Kong Stock Market

The Hong Kong stock market has alternated between positive and negative finishes through the last five trading days since the end of the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,030-point plateau and it's likely to remain rangebound on Friday.
RTTNews | 3h 26min ago