European Shares Edge Up In Choppy Trade

RTTNews | 643 dni temu
European Shares Edge Up In Choppy Trade

(RTTNews) - European stocks were seeing modest gains on Thursday after declining for six straight sessions.

Buying support emerged at lower levels after data showed Chinese exports and imports shrank less than expected in August.

Closer home, Eurostat reported that Eurozone GDP grew by 0.1 percent in the second quarter of 2023 compared to the previous quarter.

Elsewhere, German industrial output posted a monthly fall of 0.8 percent in July, while U.K. house prices took another tumble in August, falling by 4.6 percent compared to the same month last year, the Halifax said.

The pan-European STOXX 600 was up 0.2 percent at 455.27 after dropping 0.6 percent to reach its lowest level in over a week on Wednesday.

The German DAX gained 0.3 percent, France's CAC 40 added 0.6 percent and the U.K.'s FTSE 100 was up 0.3 percent.

In corporate news, Swiss food giant Nestle rose half a percent after it agreed to acquire Brazilian chocolate brand Kopenhagen.

Miners Anglo American, Antofagasta and Glencore dropped 1-2 percent on China demand concerns.

Direct Line Insurance Group shares jumped 17 percent after the motor and home insurer posted a first-half operating loss but forecast improved earnings in 2024.

Smurfit Kappa declined 2.4 percent. The packaging giant said it is in discussions to merge with U.S. rival WestRock.

Deutsche Telekom was little changed after its subsidiary T-Mobile US announced a second tranche of its shareholder return program of up to 19 billion U.S. dollars for the period from the fourth quarter of 2023 to the end of 2024.

Conglomerate ThyssenKrupp gave up 1.2 percent on news that Chief Financial Officer Klaus Keysberg will step down from his role next year.

SAP gained 1 percent after the business software maker said it has bought software management company LeanIX from investors to boost its business transformation portfolio.

read more
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, snapping a four-session winning streak, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 38,200 level, with weakness across most sectors led by automakers, exporters and technology stocks. Financial stocks are the only bright spot.
RTTNews | 22 minut temu
Indonesia Bourse May Extend Wednesday's Losses

Indonesia Bourse May Extend Wednesday's Losses

The Indonesia stock market on Wednesday ended the three-day winning streak in which it had gained almost 190 points or 2.7 percent. The Jakarta Composite Index now rests just above the 7,220-point plateau and the losses may accelerate on Thursday.
RTTNews | 31 minut temu
Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian market is trading slightly higher on Thursday, extending the gains in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving a tad above the 8,600 level, with gains in gold miners and eergy partially offset by weakness in iron ore miners.
RTTNews | 43 minut temu
Hong Kong Bourse May Hand Back Wednesday's Gains

Hong Kong Bourse May Hand Back Wednesday's Gains

The Hong Kong stock market has alternated between positive and negative finishes through the last four 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 24,360-point plateau and it's likely to remain rangebound on Thursday.
RTTNews | 46 minut temu
Lower Open Anticipated For Taiwan Stock Market

Lower Open Anticipated For Taiwan Stock Market

The Taiwan stock market has moved higher in three straight sessions, accelerating more than 810 points or 3.6 percent along the way. The Taiwan Stock Exchange now sits just above the 22,470-point plateau although it's expected to open under water on Thursday.
RTTNews | 1g 31 minut temu
Continued Consolidation Called For Singapore Shares

Continued Consolidation Called For Singapore Shares

The Singapore stock market has moved lower in two straight sessions, sinking more than 15 points or 0.4 percent along the way. The Straits Times Index now sits just beneath the 3,920-point plateau and it may take further damage on Thursday.
RTTNews | 2g 1 minut temu
Renewed Selling Pressure Expected For Malaysia Shares

Renewed Selling Pressure Expected For Malaysia Shares

The Malaysia 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 gained almost 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,525-point plateau and it's likely to head south again on Thursday.
RTTNews | 2g 31 minut temu
Japan Stock Market May Run Out Of Steam On Thursday

Japan Stock Market May Run Out Of Steam On Thursday

The Japan stock market has finished higher in four straight sessions, climbing more than 860 points or 2.5 percent along the way. The Nikkei 225 now sits just above the 38,420-point plateau although it's due for consolidation on Thursday.
RTTNews | 2g 46 minut temu