European Shares Edge Higher With Focus On Upcoming Powell Speech

RTTNews | 655 dias atrás
European Shares Edge Higher With Focus On Upcoming Powell Speech

(RTTNews) - European stocks traded higher on Friday after the release of some encouraging regional data.

Destatis reported that the German economy stabilized in spring after slight declines in the previous two quarters.

Gross domestic product posted nil growth in the second quarter after a 0.1 percent fall in the first quarter and a 0.4 percent decline in the fourth quarter of 2022.

With the latest flat growth, the biggest euro area economy ended a short period of recession.

Elsewhere, a survey revealed Britons are now less downbeat about the outlook for their personal finances.

The GfK consumer sentiment indicator rose to -25 in August from a three-month low of -30 in July, marking its biggest rise since April.

The pan European STOXX 600 was up 0.3 percent at 452.74 after declining 0.4 percent on Thursday.

The German DAX edged up 0.2 percent, France's CAC 40 added half a percent and the U.K.'s FTSE 100 gained 0.3 percent.

The euro fell to its lowest level since mid-June on expectations that the European Central Bank could soon pause rate hikes to support weakening growth.

Euro zone bond yields edged up after longer-dated U.S. Treasury yields soared to a 16-year high.

Higher metal prices helped lift miners, with Anglo American and Antofagasta climbing 1-2 percent.

Oil & gas giant BP Plc rose over 1 percent and Shell added 0.8 percent as crude prices advanced ahead of Fed Chair Jerome Powell's upcoming speech in Jackson Hole.

CMC Markets, a provider of online retail and institutional platform technology, plunged more than 10 percent after the company said that it sees lower net revenue trends for the fiscal 2024, on continued subdued market conditions.

Swedish telecom gear maker Ericsson was marginally lower after an announcement that it has renewed a multi-year global patent cross-licensing deal with Chinese electronic company, Huawei Technologies Co., Ltd.

read more
Sensex, Nifty Marginally Higher In Lackluster Trade

Sensex, Nifty Marginally Higher In Lackluster Trade

Indian shares were marginally higher on Wednesday after top U.S. and Chinese officials agreed on a "framework" to move forward on trade, following two days of high-level talks in London.
RTTNews | 28 minutos atrás
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian market is trimming its early gains in mid-market moves on Wednesday, but extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 8,600 level to fresh all-time highs, following the positive cues from Wall Street overnight, with gains in iron ore miners, energy and financial stocks partially offset by weakness in gold miners and technology stocks.
RTTNews | 1 h 29 min atrás
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, amid easing trade war tensions after top U.S. and Chinese officials agreed upon a "framework" to move forward on trade, following two days of high-level talks in London. The framework will first need to be approved by leaders in Washington and Beijing.
RTTNews | 1 h 53 min atrás
Sensex, Nifty Set For Muted Start

Sensex, Nifty Set For Muted Start

Indian shares are seen opening little changed on Wednesday despite top U.S. and Chinese officials agreeing on a "framework" to move forward on trade, following two days of high-level talks in London.
RTTNews | 2 h 22 min atrás
Thai Bourse May Extend Tuesday's Gains

Thai Bourse May Extend Tuesday's Gains

The Thai stock market on Tuesday ended the two-day slide in which it had slipped more than 5 points or 0.4 percent. The Stock Exchange of Thailand now rests just beneath the 1,140-point plateau and it may tick higher again on Wednesday.
RTTNews | 2 h 54 min atrás
Japanese Market Modestly Higher

Japanese Market Modestly Higher

The Japanese stock market is trading modestly higher on Wednesday, extending the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 38,300 level, with gains across most sectors led by index heavyweights and technology stocks. Financial stocks are a weak spot.
RTTNews | 3 h 19 min atrás
Indonesia Shares May Open To The Upside

Indonesia Shares May Open To The Upside

The Indonesia stock market has moved higher in three straight sessions, gathering almost 190 points or 2.7 percent along the way. The Jakarta Composite Index now rests just above the 7,230-point plateau and it's looking at a firm lead again for Wednesday's trade.
RTTNews | 3 h 24 min atrás
Higher Open Expected For Hong Kong Shares

Higher Open Expected For Hong Kong Shares

The Hong Kong stock market has moved lower in two of three 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 24,160-point plateau and it's likely to remain rangebound on Wednesday.
RTTNews | 3 h 39 min atrás