European Shares Gain As Recession Worries Ease

RTTNews | 819 gün önce
European Shares Gain As Recession Worries Ease

(RTTNews) - European stocks traded higher on Friday after a survey showed the recovery in euro zone business activity gathered pace in February.

S&P Global's Composite Purchasing Managers' Index (PMI) reached an eight-month high of 52.0 last month from 50.3 in January, helping ease worries of a euro zone recession for now.

The services PMI jumped to 52.7 from 50.8, just below the 53.0 flash reading. Separate data showed German exports rose by more than expected in January on robust U.S. and U.K. demand.

Strong services data from elsewhere across Asia and remarks from a Fed official signaling a measured approach to raising rates also boosted sentiment.

The pan European STOXX 600 climbed 0.7 percent to 463.02 after rising half a percent in the previous session.

The German DAX jumped 0.9 percent, France's CAC 40 index rose 0.6 percent and the U.K.' FTSE 100 was up 0.3 percent.

Q.beyond shares rose over 2 percent. The German cloud and ICT provider announced preliminary results for 2022, reporting 11 percent increase in revenues to 173.0 million euros.

Airline Lufthansa soared 5 percent after it swung to a full-year operating profit and flagged further gains in 2023.

British Airways owner International Consolidated Airlines Group added 1.4 percent and Wizz Air Holdings jumped 3 percent.

Miners Anglo American, Antofagasta and Glencore climbed 1-2 percent on optimism about China's economic recovery.

Property portal Rightmove fell over 2 percent despite posting a rise in full year operating profit and raising its final dividend payment.

Education group Pearson dropped around 2 percent after saying it would grow sales by low to mid-single digits this year.

read more
European Economic News Preview: Germany Inflation, Retail Sales Data Due

European Economic News Preview: Germany Inflation, Retail Sales Data Due

Inflation and retail sales from Germany and private sector credit from the euro area are the top economic news due on Friday. At 2.00 am ET, Destatis is scheduled to issue Germany's retail sales figures for April. Sales are forecast to grow 0.3 percent month-on-month, in contrast to the 0.2 percent fall in March.
RTTNews | 57 dakika önce
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Friday.
RTTNews | 1s 43 dakika önce
Australian Market Swings To Modest Gains In Mid-market

Australian Market Swings To Modest Gains In Mid-market

The Australian stock market is swinging to modest gains in mid-market moves on Friday after opening in the red, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 8,400 level, with gains in gold miners and financial stocks partially offset by weakness in iron ore miners and technology stocks.
RTTNews | 3s 25 dakika önce
Asian Markets Trade Mostly Lower

Asian Markets Trade Mostly Lower

Asian stock markets are trading mostly lower on Friday, despite the broadly positive cues from Wall Street overnight, as lingering uncertainty about the ongoing trade war continued to weight on the markets after an appeals court temporarily paused the lower court's ruling to block US President Donald Trump's reciprocal tariffs on imports from U.S. trade partners.
RTTNews | 3s 56 dakika önce
Sensex, Nifty Seen Lower Amid US Tariff Uncertainty

Sensex, Nifty Seen Lower Amid US Tariff Uncertainty

Indian shares are likely to open lower on Friday as investors watch the judicial developments surrounding U.S. President Donald Trump's "reciprocal" tariffs and weigh the outlook for Fed policy.
RTTNews | 4s 17 dakika önce
Higher Open Tipped For Thai Stock Market

Higher Open Tipped For Thai Stock Market

The Thai stock market on Thursday ended the two-day slide in which it had dropped almost 20 points or 1.5 percent. The Stock Exchange of Thailand now rests just beneath the 1,165-point plateau and it's expected to open to the upside again on Friday.
RTTNews | 5s 24 dakika önce