European Shares Mixed In Cautious Trade; Commodity Stocks Outperform

RTTNews | 1051 dias atrás
European Shares Mixed In Cautious Trade; Commodity Stocks Outperform

(RTTNews) - European stocks were trading mixed on Tuesday as commodity-linked stocks gained ground, offsetting worries about an impending recession.

Growing energy crisis remained on investors' radar after Russian state-owned energy company Gazprom said it will further cut gas flows through Nord Stream 1, Russia's biggest gas pipeline to Europe.

The pan European Stoxx 600 was up 0.2 percent at 426.88 after closing 0.1 percent higher on Monday.

The German DAX slipped 0.3 percent and France's CAC 40 was marginally lower while the U.K.'s FTSE 100 was up 0.6 percent.

Swiss Bank UBS plunged 5.4 percent after reporting weaker-than-expected profit in the second quarter.

Chocolate maker Lindt & Spruengli surged 4.3 percent after raising its sales guidance and unveiling a 1 billion Swiss franc ($1.04 billion) share buyback program.

Miners Anglo American, Antofagasta and Glencore all rose around 2 percent, tracking higher base metals and iron ore prices.

Oil & gas firm BP Plc and Shell also were up around 2 percent each as oil extended overnight gains amid signs of tight supplies.

Consumer goods company Unilever added 2.4 percent after raising its full-year sales guidance.

EasyJet jumped 3.7 percent. The low-cost carrier said that it expects the capacity and cost impacts of the disruption to be "a one-off this summer", with "greater resilience" forecast for the 2023 peak travel periods.

Rolls-Royce advanced 1.6 percent. The aerospace and defense firm named a private equity partner and former BP executive to succeed Warren East as the company's chief executive.

Eutelsat tumbled 3 percent in Paris after its fiscal 2022 revenue declined 6.7 percent to 1.15 billion euros from 1.23 billion euros last year.

Construction equipment manufacturer Wacker Neuson declined 1.1 percent. The company said it expects group revenue for the second-quarter 2022 to be about 548.1 million euros compared to 494.3 million euros in the prior year.

Stratec slumped 13 percent. The company, which develops and produces analyzer systems and automation systems in the field of in-vitro-diagnostics, expects consolidated sales to be 137.2 million euros for the first half of 2022 compared to 155.8 million euros last year.

read more
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, snapping a four-session winning streak, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 38,200 level, with weakness across most sectors led by automakers, exporters and technology stocks. Financial stocks are the only bright spot.
RTTNews | 13 minutos atrás
Indonesia Bourse May Extend Wednesday's Losses

Indonesia Bourse May Extend Wednesday's Losses

The Indonesia stock market on Wednesday ended the three-day winning streak in which it had gained almost 190 points or 2.7 percent. The Jakarta Composite Index now rests just above the 7,220-point plateau and the losses may accelerate on Thursday.
RTTNews | 21 minutos atrás
Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian market is trading slightly higher on Thursday, extending the gains in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving a tad above the 8,600 level, with gains in gold miners and eergy partially offset by weakness in iron ore miners.
RTTNews | 33 minutos atrás
Hong Kong Bourse May Hand Back Wednesday's Gains

Hong Kong Bourse May Hand Back Wednesday's Gains

The Hong Kong stock market has alternated between positive and negative finishes through the last four 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 24,360-point plateau and it's likely to remain rangebound on Thursday.
RTTNews | 36 minutos atrás
Lower Open Anticipated For Taiwan Stock Market

Lower Open Anticipated For Taiwan Stock Market

The Taiwan stock market has moved higher in three straight sessions, accelerating more than 810 points or 3.6 percent along the way. The Taiwan Stock Exchange now sits just above the 22,470-point plateau although it's expected to open under water on Thursday.
RTTNews | 1 h 21 min atrás
Continued Consolidation Called For Singapore Shares

Continued Consolidation Called For Singapore Shares

The Singapore stock market has moved lower in two straight sessions, sinking more than 15 points or 0.4 percent along the way. The Straits Times Index now sits just beneath the 3,920-point plateau and it may take further damage on Thursday.
RTTNews | 1 h 51 min atrás
Renewed Selling Pressure Expected For Malaysia Shares

Renewed Selling Pressure Expected For Malaysia Shares

The Malaysia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had gained almost 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,525-point plateau and it's likely to head south again on Thursday.
RTTNews | 2 h 21 min atrás
Japan Stock Market May Run Out Of Steam On Thursday

Japan Stock Market May Run Out Of Steam On Thursday

The Japan stock market has finished higher in four straight sessions, climbing more than 860 points or 2.5 percent along the way. The Nikkei 225 now sits just above the 38,420-point plateau although it's due for consolidation on Thursday.
RTTNews | 2 h 36 min atrás