European Shares Edge Up In Choppy Trade

RTTNews | 641 dias atrás

(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.

Rally May Stall For South Korea Stock Market

The South Korea stock market has finished higher in four straight sessions, collecting more than 160 points or 5.8 percent along the way. The KOSPI now rests just above the 2,855-point plateau although investors may lock in gains on Tuesday. The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference. The KOSPI finished sharply higher on Monday following gains from the financial shares, technology stocks and automobile producers. For the day, the index jumped 43.72 points or 1.55 percent to finish at 2,855.77 after trading between 2,841.39 and 2,867.27. Volume was 528.24 million shares worth 13.61 trillion won. There were 700 gainers and 200 decliners. Among the actives, Shinhan Financial collected 2.03 percent, while KB Financial rallied 4.14 percent, Hana Financial soared 5.58 percent, Samsung Electronics climbed 1.18 percent, Samsung SDI stumbled 2.01 percent, LG Electronics added 0.69 percent, SK Hynix jumped 2.00 percent, Naver improved 3.82 percent, Lotte Chemical advanced 0.82 percent, SK Innovation strengthened 1.30 percent, POSCO Holdings rose 0.39 percent, SK Telecom increased 0.95 percent, KEPCO surged 4.09 percent, Hyundai Mobis skyrocketed 10.04 percent, Hyundai Motor accelerated 4.32 percent, Kia Motors spiked 2.36 percent and LG Chem was unchanged.

RTTNews | 13 minutos atrás

Australia Business Confidence Data Due On Tuesday

Australia will on Tuesday see May results for the indexes of business confidence and business conditions, highlighting a light day for Asia-Pacific economic activity. In April, their scores were -1 and +2, respectively.

RTTNews | 1 h 13 min atrás

Canadian Dollar Higher As US-China Trade Talks Lift Sentiment

The Canadian dollar was higher against its most major counterparts in the New York session on Monday, as investors awaited outcome of trade talks between the US and China that kicked off in London.

RTTNews | 2 h 18 min atrás

Canadian Market Up Marginally In Cautious Trade

After a flat start and a subsequent drop to lower levels, the Canadian market emerged into positive territory about an hour past noon on Monday, but remains somewhat subdued with investors seeming reluctant to make significant moves. The mood is cautious as investors await U.S. - China trade talks in London.

RTTNews | 4 h 48 min atrás

European Stocks Close Weak After Cautious Session

European markets settled lower on Monday after a subdued performance as investors awaited the outcome of U.S.-China high-level trade talks in London. Also, a lack of regional economic data and earnings news contributed to the cautious mood in the markets.

RTTNews | 5 h 16 min atrás

FDA, CDC Probe Salmonella Outbreak As Around 1.70 Mln Dozen Brown Eggs Recalled

The U.S. Food and Drug Administration and the Centers for Disease Control and Prevention or CDC are investigating a Salmonella Enteritidis outbreak linked to brown eggs that sickened nearly 79 across 7 states. Associated with the ongoing probe, August Egg Co. recalled around 1.70 million dozen brown cage-free and brown certified organic eggs sold through Walmart and other retail locations.

RTTNews | 9 h 2 min atrás

Bay Street May Open Slightly Higher

Canadian shares may open slightly higher on Monday amid optimism about some positive progress in U.S.-China trade talks. Energy stocks are likely to find some support on higher crude oil prices.. The U.S.-China discussions will aim to resolve some major trade disputes between the two major economies.

RTTNews | 10 h 54 min atrás

FTSE 100 Down Marginally At Noon

The U.K. market is down marginally at noon on Monday with investors mostly making cautious moves amid a lack of triggers. The focus is on trade talks between the U.S. and Chinese officials in London. Weak Chinese exports data weighs on sentiment.

RTTNews | 12 h 6 min atrás

EURUSD	1.14217	GBPUSD	1.35512	AUDUSD	0.65157
USDJPY	144.631	USDCAD	1.37008	USDCHF	0.82159

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European Shares Edge Up In Choppy Trade