European Shares Flat To Slightly Higher On Positive German Data

RTTNews | 590 dni temu

(RTTNews) - European stocks were little changed in cautious trade on Tuesday, with prospects of escalation in the Middle East conflict and downbeat quarterly results from the likes of Ericsson and Lonza keeping weighing on sentiment.

Regional markets opened on a subdued note before seeing some recovery after Germany's ZEW economic sentiment index beat expectations - improving to -1.1 from -11.4 in September.

Elsewhere, official data showed the U.K. average earnings growth slowed in three months to August.

Average earnings excluding bonuses grew 7.8 percent in three months to August - coming in line with expectations but slower than the 7.9 percent increase seen in three months to July.

Nonetheless, this was one of the highest annual growth rates since comparable records began in 2001.

The pan European STOXX 600 was marginally higher at 450.30 after rising 0.2 percent on Monday.

The German DAX and France's CAC 40 were little changed with a positive bias while the U.K.'s FTSE 100 was up half a percent.

Swedish telecom equipment maker Ericsson slumped 8.2 percent after reporting a fall in third-quarter revenue.

Lonza plummeted 8.5 percent. The Swiss supplier for pharmaceutical and nutrition companies has warned on a hit to 2024 earnings due to lost revenue from an agreement with Moderna Inc.

Rolls-Royce Holdings rallied 2.3 percent after the British engineering company said it would cut up to 2,500 jobs in a bid to streamline group.

Homebuilder Bellway rose about 1 percent, reversing an early slide after forecasting an over 31 percent slump in annual home-building in the 2024 fiscal year.

Deutsche Post AG shares fell 1.2 percent. DHL Supply Chain, a logistic firm and a division of Germany's Deutsche Post announced today that it is planning to invest 350 million euros in Southeast Asia over the next five years to expand its warehousing capacity, workforce, and sustainability initiatives.

China-exposed LVMH, Kering and Hermes International were down between 0.6 percent and 1.3 percent in Paris ahead of the Chinese GDP growth report for the third quarter of the year due to be released on Wednesday. Chinese reports on retails sales and industrial production are also due.

Higher Open Tipped For Thai Stock Market

The Thai stock market on Thursday ended the two-day slide in which it had dropped almost 20 points or 1.5 percent. The Stock Exchange of Thailand now rests just beneath the 1,165-point plateau and it's expected to open to the upside again on Friday.

RTTNews | 1g 4 minut temu

Japanese Market Sharply Lower

The Japanese stock market is sharply lower on Friday, snapping a five-session winning streak, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling below the 37,900 level, with weakness across most sectors led by index heavyweights, exporters and technology stocks.

RTTNews | 1g 10 minut temu

Additional Support Expected For Hong Kong Stock Market

The Hong Kong stock market has alternated between positive and negative finishes through the last six trading days since the end of the two-day winning streak in which it had rallied almost 500 points or 2.2 percent. The Hang Seng Index now sits just beneath the 23,575-point plateau and it's tipped to open higher again on Friday.

RTTNews | 1g 34 minut temu

Australian Market Modestly Lower

The Australian stock market is trading modestly loser on Friday, reversing the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,400 level, with weakness in iron ore miners and technology stocks partially offset by a mixed performance in energy and financial stocks.

RTTNews | 1g 35 minut temu