European Shares Rally As Inflation Worries Ebb

RTTNews | Pred 1069 dňami
European Shares Rally As Inflation Worries Ebb

(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.

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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 | Pred 30 minútami
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 | Pred 35 minútami
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 | Pred 50 minútami
Australian Market Notably Higher

Australian Market Notably Higher

Australian shares are trading notably higher on Wednesday, extending the gains in the previous session, with the benchmark S&P/ASX 200 moving well above the 8,600 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by energy and technology stocks.
RTTNews | Pred 54 minútami
Taiwan Shares Tipped To Open In The Green On Wednesday

Taiwan Shares Tipped To Open In The Green On Wednesday

The Taiwan stock market has moved higher in back-to-back sessions, accelerating more than 580 points or 2.6 percent along the way. The Taiwan Stock Exchange now sits just above the 22,240-point plateau and it has a positive lead again for Wednesday's trade.
RTTNews | Pred 1 h 35 min
Singapore Shares May Reverse Tuesday's Losses

Singapore Shares May Reverse Tuesday's Losses

The Singapore stock market on Tuesday halted the five-day winning streak in which it had collected more than 40 points or 1 percent. The Straits Times Index now sits just beneath the 3,935-point plateau although it may bounce higher again on Wednesday.
RTTNews | Pred 2 h 5 min
Malaysia Bourse Likely To Remain Rangebound

Malaysia Bourse Likely To Remain Rangebound

The Malaysia stock market has moved lower in two of three 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 above the 1,515-point plateau and it's expected to remain in that neighborhood again on Tuesday.
RTTNews | Pred 2 h 35 min