European Shares Gain On China Optimism

RTTNews | 819 วันที่ผ่านมา
European Shares Gain On China Optimism

(RTTNews) - European stocks were moving higher on Wednesday, as upbeat manufacturing and non-manufacturing data from China helped offset investor concerns over stubborn inflation and fears of further U.S. interest-rate hikes.

Closer home, the euro zone final manufacturing PMI for February came in at 48.5, matching the initial estimate. Separate data showed Germany's jobless rate held stable at low levels in February.

The pan-European STOXX 600 was up 0.1 percent at 461.76 after declining 0.3 percent on Tuesday.

The German DAX and France's CAC 40 index both gained around 0.4 percent, while the U.K.'s FTSE 100 was up 0.3 percent.

Miners Anglo American, Antofagasta and Glencore jumped 3-5 percent in London on China optimism. Oil & gas firm BP Plc rose over 1 percent and Shell added 1.1 percent.

Aston Martin Lagonda, a maker of luxury sports cars and grand tourers, soared 14 percent after it turned to profit in the fourth quarter with strong sales.

Housebuilder Persimmon plunged 10 percent after reporting a fall in annual pre-tax profits and forecasting lower completions in 2023.

Ricardo, an engineering and environmental consultancy, declined 2.2 percent as it reported a loss for the first half of 2022, compared with a profit last year, amidst higher costs and expenses.

Euronext N.V. shares surged 5 percent in Paris. The pan-European market infrastructure group said it has withdrawn its indicative offer for Allfunds Group PLC to buy its 100 percent share capital. Allfunds shares were down 13 percent in Amsterdam.

French luxury firms LVMH and Kering rose about 2 percent each on hopes that China's recovery can offset a global slowdown.

BNP Paribas slumped 4 percent after reports that Belgium was preparing the sale of a third of its 7.8 percent equity stake in the French bank.

German sportswear maker PUMA tumbled 3 percent after saying it expects cost pressure on margins to persist in 2023.

Nordex Group rallied 2.7 percent on bagging two orders for a combined total of almost 110MW in Sweden and Finland from wpd.

Nivea maker Beiersdorf fell 2.5 percent after warning of lower organic growth sales this year.

Vestas Wind Systems A/S advanced 2.7 percent. The company has signed a conditional agreement for two wind power projects in Brazil with a combined capacity of 1.3 GW.

Just Eat Takeaway.com N.V., Europe's largest meals delivery company, plummeted 8 percent after widening its FY22 attributable loss.

read more
Korea Rate Decision Due On Thursday

Korea Rate Decision Due On Thursday

The Bank of Korea will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The BoK is widely expected to keep its benchmark lending rate unchanged at 2.75 percent.
RTTNews | 44 นาทีที่ผ่านมา
Euro Falls Against Most Majors

Euro Falls Against Most Majors

The euro fell against its most major counterparts in the New York session on Wednesday.
RTTNews | 2 ชม. 5 นาทีที่ผ่านมา
Swiss Market Ends Notably Lower

Swiss Market Ends Notably Lower

Swiss stocks turned in a weak performance on Wednesday, losing ground gradually after opening marginally down, as uncertainty about U.S. government's trade policies rendered the mood cautious.
RTTNews | 5 ชม. 26 นาทีที่ผ่านมา
European Stocks Fail To Hold Early Gains, Close Broadly Lower

European Stocks Fail To Hold Early Gains, Close Broadly Lower

Despite opening on a positive note, European stocks closed broadly lower on Wednesday as investors largely made cautious moves, awaiting more clarity on U.S. President Donald Trump's tariff moves and other policy decisions.
RTTNews | 5 ชม. 55 นาทีที่ผ่านมา
Canadian Market Slightly Lower; BoM, National Bank Rise On Results

Canadian Market Slightly Lower; BoM, National Bank Rise On Results

The Canadian market is slightly down on Wednesday with stocks moving in a tight range as investors digest earnings updates from Bank of Montreal and National Bank of Canada, and await further developments on trade negotiations between the U.S. and its major trading partners.
RTTNews | 6 ชม. 33 นาทีที่ผ่านมา
Kingfisher Q1 Sales Rise, Says Confident Of FY25 View; But Stock Down

Kingfisher Q1 Sales Rise, Says Confident Of FY25 View; But Stock Down

Home improvement retailer Kingfisher Plc reported Wednesday higher sales in its first quarter, benefited by improved results in UK & Ireland. Meanwhile, sales in France and Poland declined, and the company maintained its fiscal 2025 outlook. On the London Stock Exchange, Kingfisher shares were losing around 3.5 percent.
RTTNews | 10 ชม. 1 นาทีที่ผ่านมา
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Wednesday morning with investors tracking global cues and reacting to earnings from major Canadian banks. Investors are also awaiting earnings update from U.S.
RTTNews | 10 ชม. 14 นาทีที่ผ่านมา
FTSE 100 Down Marginally

FTSE 100 Down Marginally

UK stocks are marginally down in lackluster trade on Wednesday as investors look for directional clues after recent gains following U.S. President Donald Trump deciding to pause the recently announced 50% tariffs on imports from EU, paving the way for further trade negotiations.
RTTNews | 11 ชม. 3 นาทีที่ผ่านมา