European Stocks Close Lower On Growth Worries Following Trump's Tariff Moves

RTTNews | Pred 73 dňami

(RTTNews) - European stocks closed lower on Friday, continued to be weighed down by concerns about global economic growth following U.S. President Donald Trump's tariff announcement, and none too encouraging U.S. economic data, including a reading on core PCE price index.

The pan European Stoxx 600 fell 0.77%. Germany's DAX closed down 0.96% and France's CAC 40 settled lower by 0.93%, while the U.K.'s FTSE 100 edged down 0.08%. Switzerland's SMI drifted down 0.21%.

Among other markets in Europe, Austria, Belgium, Denmark, Finland, Greece, Iceland, Ireland, Netherlands, Norway, Poland, Russia, Spain and Sweden closed with sharp to moderate losses.

Portugal and Turkiye bucked the trend and closed higher.

In the UK market, Melrose Industries closed down 4.63%. IAG, Entain, Barclays, Rolls-Royce Holdings, Anglo American Plc., Easyjet, Antofagasta, BP, Rio Tinto, Scottish Mortgage and Natwest Group also declined sharply.

SSE climbed 3.85%. National Grid and United Utilities closed lower by about 2.8%. Severn Trent, Croda International, Segro, Land Securities, Haleon, Endeavour Mining, Persimmon, Coca-Cola, Unite Group, Marks & Spencer and Imperial Brands gained 1.8 to 2.5%.

In the German market, Commerzbank tumbled more than 5%. Siemens Energy ended down 4.8%, while Infineon and Puma closed lower by about 3.8% and 3.6%, respectively.

Deutsche Bank, MTU Aero Engines, Rheinmetall, Volkswagen, Heidelberg Materials, Siemens, Continental, Zalando, Porsche, BMW and Mercedes-Benz closed lower by 1.5 to 3%.

Symrise, E.ON, Vonovia, Deutsche Telekom, Merck, Fresenius Medical Care and Deutsche Boerse gained 1 to 2.5%.

In Paris, Stellantis, Schneider Electric, Renault, ArcelorMittal, STMicroElectronics and Accor closed down 3 to 4%.

TotalEnergies, Dassault Systemes, Societe Generale, Saint Gobain, BNP Paribas, Thales, Hermes International, Edenred, Airbus Group, Legrand, Capgemini, Kering, Safran and Credit Agricole lost 1 to 2.3%.

Pernod Ricard climbed about 3%. Sanofi, L'Oreal, Carrefour, Eurofins Scientific and Vivendi gained 1 to 1.3%.

On the economic front, data from the Office for National Statistics said the UK's gross domestic product edged up 0.1% sequentially in the fourth quarter after remaining flat in the third quarter, confirming the initial estimate.

On a yearly basis, economic growth was revised up to 1.5% from 1.4%.

The ONS upwardly revised GDP growth for the whole year of 2024 to 1.1% from 0.9%. This followed an unrevised increase of 0.4% in 2023.

Earlier this week, the Office for Budget Responsibility downgraded its growth projection for 2025 to 1% from 2%.

Meanwhile, overall retail sales logged a 1% monthly growth after rising 1.4% in January, the ONS said in a separate communiqué. Sales were forecast to fall 0.3%.

Another data showed that the UK visible trade gap widened to GBP 17.8 billion from GBP 17.4 billion in December. At the same time, the total trade deficit dropped to GBP 2.6 billion from GBP 2.8 billion in the previous month due to an increase in services surplus.

Data from statistical office INSEE showed the annual inflation rate in France remained unchanged at 0.8% in March, staying at its lowest level since February 2021, according to preliminary estimates.

Consumer prices in France rose 0.2% month-on-month in March 2025, following a period of stagnation.

The EU-harmonised annual inflation rate in France was unchanged at 0.9% in March 2025, the same as in February and below forecasts of 1.1%, preliminary estimates showed. The EU-harmonised CPI in France increased 0.2% month-over-month in March 2025, compared to 0.1% in February and forecasts of 0.3%, preliminary estimates showed.

Data showed that producer prices in France fell 0.8% in February, after a 0.6% rise in January.

A closely watch survey from GfK and the Nuremberg Institute for Market Decisions showed German consumer sentiment is set to rise only marginally heading into April despite a revival in expectations regarding the economy after the new elections.

The forward-looking consumer climate index rose to -24.5 in April from -24.6 in March, the survey said. On hopes of economic recovery, economic expectations improved noticeably in March. The index gained 5.7 points to 6.9 in March.

Meanwhile, the unemployment rate in Germany edged up to 6.3% in March, the highest level since September 2020, compared to 6.2% in February.

Eurozone economic confidence weakened unexpectedly in March to a three-month low reflecting lower confidence in services, retail trade and among consumers, survey data from the European Commission revealed Friday.

The economic sentiment index registered 95.2 in March, down from 96.3 in February. The score was forecast to rise to 97.0. Moreover, this was the lowest score since December.

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 26 minútami

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 34 minútami

Hong Kong Shares Tipped To Open In The Red On Tuesday

The Hong Kong stock market bounced higher again on Monday, one session after ending 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 24,180-point plateau although it may hand back those 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.

RTTNews | Pred 49 minútami

Australian Market Notably Higher

The Australian stock market is trading notably higher 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 8,550 level, with gains across most sectors led by technology and energy stocks. Gold miners were the only weak spot.

RTTNews | Pred 54 minútami

China Stock Market Due For Consolidation On Tuesday

The China stock market has finished higher in five straight sessions, advancing more than 50 points or 1.5 percent along the way. The Shanghai Composite Index now sits just beneath the 3,400-point plateau although it's expected to open to the downside 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 1 h 4 min

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market found renewed support on Monday, one session after ending the three-day winning streak in which it had jumped almost 680 points or 3.2 percent. The Taiwan Stock Exchange now sits just above the 21,790-point plateau although it may head south again 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 TSE finished modestly higher on Monday following gains from the financial shares, technology stocks and plastics companies. For the day, the index gained 129.63 points or 0.60 percent to finish at 21,790.29 after trading between 21,717.52 and 21,866.27. Among the actives, Cathay Financial and CTBC Financial both collected 0.16 percent, while Mega Financial slid 0.25 percent, First Financial gained 0.55 percent, E Sun Financial improved 0.65 percent, Taiwan Semiconductor Manufacturing Company rallied 1.01 percent, United Microelectronics Corporation strengthened 1.44 percent, Hon Hai Precision climbed 0.98 percent, Largan Precision advanced 0.86 percent, Catcher Technology fell 0.24 percent, MediaTek increased 0.39 percent, Delta Electronics added 0.38 percent, Novatek Microelectronics dipped 0.20 percent, Nan Ya Plastics perked 0.17 percent, Asia Cement rose 0.24 percent and Formosa Plastics and Fubon Financial were unchanged.

RTTNews | Pred 1 h 34 min

Singapore Shares May See Profit Taking On Tuesday

The Singapore stock market has climbed higher in five straight sessions, collecting more than 40 points or 1 percent along the way. The Straits Times Index now sits just above the 3,935-point plateau although it may be due for consolidation 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 STI finished barely higher on Monday following gains from the retailers and mixed performances from the financial shares, property stocks and industrial issues. For the day, the index was up 2.03 points or 0.05 percent to finish at 3,936.32 after trading between 3,930.76 and 3,945.92. Among the actives, CapitaLand Ascendas REIT and CapitaLand Investment both declined 0.39 percent, while CapitaLand Integrated Commercial Trust lost 0.47 percent, City Developments stumbled 1.14 percent, Comfort DelGro improved 0.71 percent, DBS Group advanced 0.82 percent, DFI Retail surged 5.26 percent, Hongkong Land added 0.37 percent, Keppel DC REIT fell 0.45 percent, Keppel Ltd dropped 0.70 percent, Oversea-Chinese Banking Corporation collected 0.55 percent, SATS shed 0.64 percent, SembCorp Industries retreated 0.88 percent, Singapore Technologies Engineering tumbled 1.01 percent, SingTel slumped 0.77 percent, Yangzijiang Financial sank 0.68 percent, Yangzijiang Shipbuilding was down 0.44 percent and Mapletree Pan Asia Commercial Trust, Mapletree Industrial Trust, Mapletree Logistics Trust, Genting Singapore, Thai Beverage, Wilmar International, Seatrium Limited and Frasers Logistics & Commercial Trust were unchanged.

RTTNews | Pred 2 h 4 min

Malaysia Shares Likely To Remain Rangebound

The Malaysia stock market ticked higher again on Monday, one session after snapping 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 1,520-point plateau and it's expected to remain in that neighborhood again 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 KLCI finished slightly higher on Monday following gains from the plantation stocks and mixed performances from the financials and telecoms. For the day, the index perked 2.62 points or 0.17 percent to finish at 1,519.41 after trading between 1,518.03 and 1,521.64. Among the actives, 99 Speed Mart Retail rose 0.48 percent, while Axiata increased 0.50 percent, Celcomdigi shed 0.52 percent, CIMB Group advanced 0.73 percent, Gamuda stumbled 1.47 percent, Hong Leong Financial eased 0.12 percent, IHH Healthcare added 0.58 percent, IOI Corporation perked 0.27 percent, Maxis slumped 0.83 percent, Maybank dipped 0.21 percent, MISC spiked 1.32 percent, Nestle Malaysia tumbled 1.79 percent, Petronas Chemicals soared 3.08 percent, Petronas Dagangan retreated 1.71 percent, Petronas Gas fell 0.22 percent, PPB Group rallied 1.10 percent, Press Metal climbed 0.81 percent, QL Resources surged 3.66 percent, RHB Bank collected 0.16 percent, Sime Darby sank 0.56 percent, SD Guthrie gathered 0.44 percent, Sunway improved 0.62 percent, Telekom Malaysia dropped 0.61 percent, Tenaga Nasional gained 0.56 percent, YTL Corporation declined 1.46 percent, YTL Power lost 0.28 percent and Kuala Lumpur Kepong, MRDIY and Public Bank were unchanged.

RTTNews | Pred 2 h 34 min

EURUSD	1.13877	GBPUSD	1.35211	AUDUSD	0.65036
USDJPY	145.197	USDCAD	1.3714	USDCHF	0.82396

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European Stocks Close Lower On Growth Worries Following Trump's Tariff Moves