European Shares Mixed In Cautious Trade; Commodity Stocks Outperform

RTTNews | 1050 วันที่ผ่านมา

(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.

Gold Dips As US-China Trade Talks Continue

Gold prices dipped on Tuesday, ahead of US inflation report and ongoing US-China official talks, which is now the focus of investors from all over the world. Front Month Comex Gold for June delivery lost $11.20 (or 0.34%) to $3320.90 per troy ounce on Tuesday. Front Month Comex Silver for June delivery lost $14.60 cents (or 0.40%) to $36.542 today. The much-anticipated high-level trade talks between the world's two largest economies, U.S. and China, began on Monday in London and continued for the second day today. On the economic data front, the US Labor Department will release Consumer Price Index (CPI) data on Wednesday, which may help to determine the Federal Reserve's monetary policy before the Fed's June 17-18 meeting. Meanwhile, the World Bank, in its biannual Global Economic Prospects, has cut the global growth forecast to 2.3% from 2.7% for the current year citing "trade barriers" as a reason behind the global slowdown.

RTTNews | 1 ชม. 33 นาทีที่ผ่านมา

Crude Oil Prices Fade As US-China Talks Progress

Crude oil prices were down on Tuesday amidst uncertainty over trade talks between China and the United States continued, although the outcome remains uncertain. WTI oil closed down by $0.31 to settle at $64.98 per barrel. August Brent crude was last seen down by $0.03 to $67.01. To ease the standstill created by the reciprocal tariffs imposed by U.S. President Donald Trump and China, high-level officials from both nations convened at London on Monday to discuss steps to soften the conflict. As the talks went on for the second day today, Trump told reporters at the White House that the talks were "going well" and that he was "only getting good reports." While U.S. Treasury Secretary Scott Bessent described Monday's talks as "good meeting," the Commerce Secretary Howard Lutnick called them as "fruitful." On the geopolitical front, however, Russia showed no sign of relenting on its war with Ukraine and continued its attacks. Limiting the downside, the U.S. Energy Information Administration has reported today that US crude oil production is likely to decline over the next 18 months - while the approach of the summer driving season is also good news.

RTTNews | 1 ชม. 38 นาทีที่ผ่านมา

Canadian Dollar Appreciates Amid Risk Appetite

The Canadian dollar climbed against its major counterparts in the New York session on Tuesday, as investors monitored trade talks between the U.S. and China that continued for a second day.

RTTNews | 2 ชม. 19 นาทีที่ผ่านมา

Swiss Market Ends Marginally Down

Save for a very brief while at the start, the Switzerland market stayed weak on Tuesday as investors refrained from making significant moves, choosing to wait for directional clues. Investors awaited the outcome of the high-level trade discussions between U.S. and Chinese officials in London.

RTTNews | 3 ชม. 44 นาทีที่ผ่านมา

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Tuesday with investors mostly making cautious moves as they awaited the outcome of the ongoing Sino-U.S. trade talks in London. German stocks are drifting lower on Tuesday as investors await the outcome of high-level U.S. - China trade talks in London.

RTTNews | 4 ชม. 0 นาทีที่ผ่านมา

TSX Up Marginally; Energy Stocks Rise

After a flat start and a subsequent climb up north, the Canadian market retreated Tuesday morning, and at a little past noon, was up marginally, led by gains in energy, consumer and communications sectors. Investors are cautiously optimistic about some positive progress in U.S.-China trade relations.

RTTNews | 5 ชม. 7 นาทีที่ผ่านมา

U.S. Stocks Mostly Subdued In Lackluster Trade

U.S. stocks are turning in a mixed performance in lackluster trade on Tuesday as traders await the outcome of the ongoing trade talks between China and the U.S. in London. Trade negotiations between the world's two largest economies commenced on Monday, and no big breakthrough seems to have been arrived as yet.

RTTNews | 5 ชม. 43 นาทีที่ผ่านมา

Eurozone Investor Confidence Strongest In A Year: Sentix

Euro area investor morale rose to the highest level in a year in June, driven by the economic recovery in Germany, survey data from the behavioral research institute Sentix showed Tuesday. The investor sentiment index rose to +0.2 in June from -8.1 in May. This was the highest reading since June 2024 and remained well above economists' forecast of -6.0.

RTTNews | 8 ชม. 38 นาทีที่ผ่านมา

EURUSD	1.14227	GBPUSD	1.34962	AUDUSD	0.65228
USDJPY	144.845	USDCAD	1.36701	USDCHF	0.82216

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European Shares Mixed In Cautious Trade; Commodity Stocks Outperform