European Shares Climb On Fed Pause Hopes

RTTNews | 726 dias atrás

(RTTNews) - European stocks traded sharply higher on Friday, with Fed pause hopes and easing U.S. debt default worries helping underpin sentiment ahead of the all-important U.S. jobs data due later in the day.

On a light day on the economic front, data showed France's industrial production rebounded in April, led by a sharp recovery in petroleum output.

Industrial output logged a monthly growth of 0.8 percent, reversing the 1.1 percent decrease in March. Production was expected to climb 0.3 percent.

The pan European STOXX 600 climbed 0.9 percent to 459.15 after rising 0.8 percent on Thursday.

The German DAX, France's CAC 40 and the U.K.'s FTSE 100 were up between 0.9 percent and 1.1 percent.

Ryanair Holdings rose 1 percent after the Irish airline said its monthly traffic hit a record high in May.

Higher copper prices lifted miners, with Anglo American, Antofagasta and Glencore surging 4-6 percent.

Oil & gas firm BP Plc rallied 2.2 percent and Shell added 1.5 percent as oil extended overnight gains, heading into the June 4 OPEC+ policy meeting.

Dechra Pharmaceuticals soared 8.3 percent after it has agreed to be taken over in a £4.46bn deal.

PayPoint, an ecommerce services provider, climbed 6.6 percent after reiterating its guidance for the full year.

German sportswear maker Puma jumped 4.5 percent and peer Adidas rallied 4.2 percent after U.S. retailer Lululemon Athletica posted strong results for its latest quarter and raised its annual sales and profit forecasts.

ProSiebenSat.1 climbed 2.3 percent after Czech investment group PPF raised its stake in the media group.

Sensex, Nifty Modestly Higher; IT Stocks Lead Gains

Indian shares opened on a firm note Thursday after technology giant Nvidia buoyed investors with a bullish outlook for the growth in artificial intelligence and the U.S. Court of International Trade blocked President Trump's proposed "Liberation Day" tariffs, saying he had overstepped his authority.

RTTNews | 22 minutos atrás

Australian Market Slightly Trims Early Gains In Mid-market

The Australian market is slightly trimming its early gains in mid-market moves 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 and technology stocks partially offset by a mixed performance in mining and financial stocks.

RTTNews | 1 h 19 min atrás

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Thursday, despite the broadly negative cues from Wall Street overnight, after a U.S. federal court blocked US President Donald Trump's attempt to impose sweeping reciprocal tariffs against its global trading partners under emergency powers, saying he exceeded his authority. Asian markets closed mostly lower on Wednesday.

RTTNews | 1 h 39 min atrás

Sensex, Nifty Seen Higher As US Court Blocks Trump's Tariffs

Indian shares look set to open higher on Thursday as investors react to encouraging industrial output data, upbeat Nvidia earnings and a U.S. court ruling blocking President Trump's "Liberation Day" tariffs, citing overreach of power.

RTTNews | 2 h 14 min atrás

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 | 3 h 7 min atrás

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 | 3 h 11 min atrás

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 | 3 h 26 min atrás

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 | 3 h 37 min atrás

EURUSD	1.12515	GBPUSD	1.34451	AUDUSD	0.64298
USDJPY	145.708	USDCAD	1.38427	USDCHF	0.83164

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European Shares Climb On Fed Pause Hopes