European Shares Rally As Inflation Worries Ebb

RTTNews | Pred 1068 dňami

(RTTNews) - European stocks rose sharply on Thursday to extend gains from the previous session after the FOMC meeting minutes showed that policymakers are determined to tame soaring inflation.

Falling commodity prices and better-than-expected earnings guidance from Samsung Electronics for the second quarter also helped assuage investor concerns about rising inflation.

The pan European Stoxx 600 rallied 1.4 percent to 413.08 after climbing 1.7 percent on Wednesday.

The German DAX jumped 1.8 percent, France's CAC 40 index gained 1.6 percent and the U.K.'s FTSE 100 was up 1.1 percent.

The British pound strengthened against the dollar in the wake of unconfirmed reports that Prime Minister Boris Johnson will resign today, following an unprecedented wave of resignations from his government over the past two days.

ASML Holding N.V. jumped 3.4 percent after South Korea's Samsung Electronics turned in its best April-June profit since 2018.

Sports betting and gambling firm Entain lost 8.2 percent after lowering online gaming annual revenue forecast.

Telecom Italia rose over 1 percent after it outlined the details of a plan to separate its fixed network infrastructure assets from services.

Miners were on the rise, tracking gains in Chinese iron ore futures. Anglo American surged 7.4 percent, Antofagasta jumped 6.4 percent and Glencore added 7.3 percent.

Banks advanced, with Commerzbank, BNP Paribas, HSBC Holdings, Lloyds Banking Group and NatWest Group rising 2-3 percent.

Automakers BMW, Volkswagen and Renault rose 4-5 percent.

Shell gained 2.2 percent after the energy giant said surging margins from fuel production could have added more than $1bn (€980m) to the earnings of its refining business last quarter.

Housebuilder Persimmon plunged 5 percent after it warned of a downturn in the volume of new houses delivered in the first half of the year.

Electronics retailer Currys soared 7 percent after reporting better-than-expected annual pre-tax profit.

Nordex AG shares climbed 6.7 percent. The German wind turbine maker reported higher order intake in the second quarter with strong demand. Separately, the company said it received order for 59 MW in Finland from Falck Renewables.

Lufthansa gained 2.5 percent after logistics entrepreneur Klaus-Michael Kuehne increased his stake in the German flag carrier to 15 percent from 10 percent.

Investors shrugged off data showing that German industrial production grew less than expected in May.

Industrial production grew 0.2 percent in May from April, when output was up by revised 1.3 percent, Destatis reported. Output was expected to climb 0.4 percent.

On a yearly basis, industrial output declined 1.5 percent after easing 2.5 percent in April.

U.K. house prices rose at the fastest annual pace since late 2004 in June, survey data from the Llyods Bank subsidiary Halifax showed.

The house price index climbed 13.0 percent year-over-year in June, faster than the 10.7 percent rise in May. The latest annual price increase was the fastest since late 2004.

Sensex, Nifty Lack Direction, Ongoing Trade Talks In Focus

Indian shares struggled for direction on Tuesday as investors waited for the outcome of U.S.-China talks that could pave the way for easing trade tensions.

RTTNews | Pred 15 minútami

European Economic News Preview: UK Unemployment Data Due

Unemployment from the UK and industrial production from Italy are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics releases UK unemployment data. The jobless rate is forecast to fall to 4.6 percent in three months to April from 4.5 percent in the preceding period.

RTTNews | Pred 21 minútami

Australian Market Doubles Early Gains In Mid-market

The Australian stock market is doubling its early gains in mid-market trading on Tuesday, reversing some of the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,600 level, with gains in iron ore miners, financial, technology and energy stocks partially offset by weakness in gold miners.

RTTNews | Pred 1 h 9 min

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the mixed cues from Wall Street overnight, amid easing trade war tensions between the US and China after the two superpowers began high-level trade talks in London, with negotiations expected to continue on Tuesday. The tariff war between the two countries has already rattled the global economy.

RTTNews | Pred 1 h 50 min

Sensex, Nifty Seen Higher At Open As Sino-US Talks Continue

Indian shares look set to open on a positive note Tuesday as top officials from the U.S. and China continue their trade talks for a second day today to resolve their differences and ease tensions over rare-earth minerals and technology shipments.

RTTNews | Pred 2 h 17 min

Thai Bourse May Extend Losing Streak

The Thai stock market has ticked lower in back-to-back sessions, slipping more than 5 points or 0.4 percent along the way. The Stock Exchange of Thailand now rests just above the 1,135-point plateau and it may take further damage 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.

RTTNews | Pred 2 h 48 min

Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Tuesday, extending the gains in the previous two sessions, following the mixed cues from Wall Street overnight, with the Nikkei 225 moving up to near the 38,300 level, with gains across most sectors led by index heavyweights and technology stocks. Financial stocks were the only weak spot.

RTTNews | Pred 3 h 10 min

Lower Open Anticipated For Indonesia Stock Market

Ahead of the long holiday weekend for Eid-al-Adha, the Indonesia stock market had moved higher in back-to-back sessions, gathering almost 70 points or 1 percent along the way. The Jakarta Composite Index now rests just above the 7,110-point plateau although it's likely to open under pressure 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 JCI finished modestly higher on Thursday following gains from the financials and mixed performances from the resource and cement companies. For the day, the index added 44.39 points or 0.63 percent to finish at 7,113.42 after trading between 7,083.89 and 7,136.64. Among the actives, Bank CIMB Niaga sank 0.87 percent, while Bank Mandiri climbed 1.00 percent, Bank Negara Indonesia spiked 2.79 percent, Bank Central Asia shed 0.56 percent, Bank Rakyat Indonesia collected 0.49 percent, Indosat Ooredoo Hutchison added 0.48 percent, Indocement advanced 0.98 percent, Semen Indonesia tumbled 1.79 percent, Indofood Sukses Makmur dropped 0.91 percent, United Tractors perked 0.12 percent, Energi Mega Persada plunged 4.24 percent, Astra Agro Lestari retreated 1.26 percent, Aneka Tambang tanked 2.82 percent, Vale Indonesia plummeted 4.13 percent, Timah rallied 2.07 percent, Bumi Resources soared 2.50 percent and Astra International and Bank Danamon Indonesia were unchanged.

RTTNews | Pred 3 h 18 min

EURUSD	1.13958	GBPUSD	1.35366	AUDUSD	0.6523
USDJPY	144.88	USDCAD	1.37073	USDCHF	0.82261

Advertisement

European Shares Rally As Inflation Worries Ebb