European Stocks Close Mostly Higher

RTTNews | 99 dni temu
European Stocks Close Mostly Higher

(RTTNews) - European stocks closed mostly higher on Tuesday and a few markets settled at fresh record highs, as investors reacted to earnings updates, and continued to monitor the developments on the geopolitical front.

The markets also digested the data showing a bigger than estimated increase in France's consumer price inflation in the month of January, and data showing UK's unemployment rate remained unchanged in the fourth quarter.

Defense stocks attracted buyers once again amid prospects of increased military spending by European governments to support Ukraine.

The focus was also on U.S. - Russia talks in Riyadh to bring an end to the Russia-Ukraine war. Russia and the U.S. are expected to announce teams to negotiate a path to ending the war in Ukraine besides also ensuring the "earliest possible appointment" of ambassadors in both Moscow and Washington. "Russia and the United States will hold regular consultations on Ukraine after both sides appoint negotiating teams," Russian Foreign Minister Sergei Lavrov said at a press briefing following talks with US officials in Riyadh.

The pan European Stoxx 600 climbed 0.32%. Germany's DAX and France's CAC 40 gained 0.2% and 0.21%, respectively, while the U.K.'s FTSE 100 edged down 0.01%. Switzerland's SMI gained 0.15%.

Among other markets in Europe, Austria, Belgium, Denmark, Finland, Greece, Ireland, Poland, Portugal, Spain, Sweden and Turkiye closed higher.

Iceland, Netherlands and Russia ended flat.

In the UK market, HSBC Holdings gained nearly 2%. GSK, Vodafone Group, Rolls-Royce Holdings, Natwest Group, Barclays Group, St. James's Place and Standard Chartered climbed 1.2 to 1.7%. Glencore and Melrose Industries posted moderate gains.

Antofagasta started off on a bright note, but suffered a mid session setback and finally closed with a modest gain. Antofagasta backed its FY25 outlook after reporting strong 2024 performance with 5% revenue growth and a widened EBITDA margin at 52%.

Intercontinental Hotels Group ended down 4.7%. The global hospitality leader announced the acquisition of the Ruby brand from Ruby SARL for an initial purchase consideration of €110.5 million (approximately $116 million).

Sainsbury (J), Tesco, Marks & Spencer, Airtel Africa, Mondi, Kingfisher, SSE and JD Sports Fashion lost 2 to 4%.

BT Group closed nearly 3% down, as Citi has downgraded its rating on the shares to 'sell' from 'buy' and cut the price target.

In the German market, Daimler Truck Holding climbed nearly 2%. Commerzbank gained 1.7%, while Continental, Deutsche Telekom, Deutsche Bank, Bayer, Deutsche Boerse, MTU Aero Engines and Mercedes-Benz advanced 1 to 1.3%.

Zalando ended down 2.5%. Adidas, Sartorius, BASF, Puma, Henkel, Symrise, Rheinmetall, RWE, Vonovia, SAP and Fresenius closed lower by 0.5 to 1.5%.

In the French market, Thales gained 2.5%, extending gains from previous session. Schneider Electric, Societe General and Legrand gained 2.2 to 2.5%. BNP Paribas climbed nearly 2%.

Airbus, Credit Agricole, Vivendi, Vinci, Stellantis, LVMH, Teleperformance, Renault and Saint Gobain also closed on firm note.

Capgemini tanked more than 10% after reporting a 2% drop in its annual constant currency rates.

Edenred closed 4.7% down. The voucher company missed organic growth estimates for Q4. The company's operating revenue growth came in at 4.6% in Q4, well below the expected 6.7% growth.

Pernod Ricard, Kering, Accor, Carrefour and Veolia closed lower by 1 to 1.7%.

Data from the Office for National Statistics showed the UK unemployment rate remained unchanged in the fourth quarter, with the jobless rate coming in a 4.4%, the same as in the preceding period. Economists had forecast the rate to rise to 4.5%.

In the three months to December, average earnings excluding bonus grew at a pace of 5.9% annually, in line with expectations. At the same time, including bonus, earnings advanced 6% compared to economists' forecast of 5.9%.

Data showed that payroll employees for January increased 21,000 from the last month and increased by 49,000 from the previous year to 30.4 million.

Data from the statistical office INSEE said the consumer price inflation in France climbed to 1.7% in January from 1.3% a month earlier. The latest inflation was revised upwards from the flash data reading of 1.4%.

Meanwhile, harmonized inflation held steady at 1.8%, as estimated. Moreover, inflation remained below the European Central Bank's target of 2%.

On a monthly basis, consumer prices rose at a stable rate of 0.2%, revised from a 0.1% fall estimated initially. Meanwhile, the harmonized index of consumer prices dropped 0.2% after a 0.2% gain in the previous month.

read more
Japanese Market Sharply Higher

Japanese Market Sharply Higher

The Japanese market is trading sharply higher on Thursday, extending the gains in the previous four sessions, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving above the 38,300 level, with gains across most sectors led by index heavyweights, exporters and technology stocks.
RTTNews | 11 minut temu
Thai Shares May Take Further Damage On Thursday

Thai Shares May Take Further Damage On Thursday

The Thai stock market has tracked lower in two straight sessions, slipping almost 20 points or 1.5 percent along the way. The Stock Exchange of Thailand now rests just above the 1,160-point plateau and it's expected to open to the downside again on Thursday.
RTTNews | 14 minut temu
Lower Open Anticipated For Hong Kong Stock Market

Lower Open Anticipated 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 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 23,260-point plateau and it's tipped to open under pressure again on Thursday.
RTTNews | 29 minut temu
Australian Market Modestly Higher

Australian Market Modestly Higher

The Australian market is trading modestly higher on Thursday, reversing the slight losses in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,400 level, with gains in energy, financial and technology stocks partially offset by a mixed performance in mining stocks.
RTTNews | 40 minut temu
China Shares May Open Under Pressure On Thursday

China Shares May Open Under Pressure On Thursday

The China stock market has finished lower in five straight sessions, surrendering almost 50 points or 1.5 percent along the way. The Shanghai Composite Index now sits just beneath the 3,340-point plateau and it may see continued consolidation on Thursday.
RTTNews | 44 minut temu
Renewed Selling Pressure Expected For Taiwan Shares

Renewed Selling Pressure Expected For Taiwan Shares

The Taiwan stock market on Wednesday ended the four-day losing streak in which it had given up more than 460 points or 2.2 percent. The Taiwan Stock Exchange now sits just above the 21,350-point plateau although it may head south again on Thursday.
RTTNews | 1g 14 minut temu
Singapore Bourse May Run Out Of Steam On Thursday

Singapore Bourse May Run Out Of Steam On Thursday

The Singapore stock market has moved higher in two straight sessions, advancing more than 35 points or 0.9 percent along the way. The Straits Times Index now sits just above the 3,910-point plateau although the rally may stall on Thursday.
RTTNews | 1g 44 minut temu
Losing Streak May Continue For Malaysia Stock Market

Losing Streak May Continue For Malaysia Stock Market

The Malaysia stock market has moved lower in three straight sessions, slipping more than a dozen points or 0.9 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,525-point plateau and it's looking at another soft start again on Thursday.
RTTNews | 2g 14 minut temu