European Shares Lack Direction As Biden Arrives In Israel

RTTNews | 685 gün önce

(RTTNews) - European stocks struggled for direction on Wednesday, as fears over an escalation in the Middle East conflict offset improved economic data from China.

As Gaza ground invasion looms, a huge explosion at a Gaza hospital has derailed the diplomatic efforts led by the U.S. to reduce tensions in the region.

On the data front, Eurostat reported that Eurozone inflation rose at a slower pace in September than in August, confirming initial estimates.

Elsewhere, U.K. consumer price inflation remained elevated at 6.7 percent in September, bucking expectations for a further decline.

The pan European STOXX 600 was marginally higher at 449.81 after ending marginally lower on Tuesday.

The German DAX edged up 0.1 percent and France's CAC 40 rose 0.2 percent while the U.K.'s FTSE 100 was marginally lower.

German sportswear firm Adidas jumped 5 after raising its 2023 revenue guidance. ABB tumbled 5.4 percent after the Swiss engineering group flagged a slowdown in revenue growth in Q4.

Amsterdam-based Just Eat Takeaway.com soared 7 percent after raising its full-year adjusted EBITDA guidance.

TotalEnergies climbed 1.2 percent and BP Plc rose about 1 percent as oil prices surged nearly 2 percent following Gaza hospital attack.

British housebuilder Barratt Developments fell 2.5 percent after an announcement that it sees a 10 percent drop in reservation rates in Q1.

Concrete-products company Marshalls jumped 6.7 percent after maintaining its full-year expectations.

China-exposed luxury firms such as Richemont, LVMH, Kering and Hermes International all rose about 1 percent after a slew of China data came in above forecasts.

Data showed China's GDP grew at a 4.9 percent annual pace in July-September, down from 6.3 percent in the previous quarter but above forecasts for a 4.4 percent increase.

Retail sales and industrial output figures for September also surprised on the upside, helping ease investor anxiety over the attainability of the official GDP target this year.

Sensex, Nifty Marginally Higher In Early Trade

Indian shares were marginally higher on Wednesday despite rising oil prices and weak cues from global markets.

RTTNews | 34 dakika önce

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Wednesday, adding to the losses in the previous three sessions, with the benchmark S&P/ASX 200 falling well below the 8,900 level, following the broadly negative cues from Wall Street overnight, with weakness in financial and technology stocks partially offset by gains in mining stocks.

RTTNews | 1s 23 dakika önce

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Wednesday, following the negative cues from Wall Street overnight, as traders remain cautious amid renewed uncertainty among various nations trading with the US, many of which have concluded tariff deals, after a US Appeals Court ruled that US President Donald Trump's "reciprocal tariffs" are illegal. Asian markets closed mixed on Tuesday.

RTTNews | 1s 27 dakika önce

Sensex, Nifty Set To Open Lower Amid Rising Global Bond Yields

Indian shares look set to open on a weak note on Wednesday, with trade tensions and caution ahead of the two-day Goods and Services Tax (GST) Council meeting, scheduled for Sept 3-4, likely to keep investors on edge.

RTTNews | 2s 58 dakika önce

Win Streak May End For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, adding more than a dozen points or 1 percent in that span. The Stock Exchange of Thailand now sits just shy of the 1,250-point plateau although the rally may stall on Wednesday.

RTTNews | 3s 21 dakika önce

Japanese Market Modestly Lower

The Japanese stock market is trading modestly lower on Wednesday, reversing the gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 42,250 level, with weakness in index heavyweights, financial and technology stocks partially offset by gains in exporter stocks.

RTTNews | 3s 46 dakika önce

Lower Open Called For Hong Kong Stock Market

The Hong Kong stock market on Wednesday ended the two-day winning streak in which it had picked up almost 620 points or 2.4 percent. The Hang Seng Index now sits just shy of the 25,500-point plateau and it's expected to open in the red again on Wednesday.

RTTNews | 4s 6 dakika önce

Australian Market Notably Lower

Australian shares are trading notably lower on Wednesday, adding to the losses in the previous three sessions, with the benchmark S&P/ASX 200 falling well below the 8,900 level, following the broadly negative cues from Wall Street overnight, with weakness in financial and technology stocks partially offset by gains in mining stocks.

RTTNews | 4s 8 dakika önce

EURUSD	1.16333	GBPUSD	1.33717	AUDUSD	0.65189
USDJPY	148.531	USDCAD	1.37931	USDCHF	0.80506