European Shares Extend Gains As Inflation Worries Fade

RTTNews | 650 ngày trước

(RTTNews) - European stocks edged higher on Wednesday as softer inflation data eased worries about the Fed's rate trajectory and China reported strong industrial output and retail sales data for October.

U.K. stocks were outperforming after official data showed U.K. consumer price inflation eased sharply to a two-year low in October.

Consumer prices grew 4.6 percent year-on-year in October, slower than the 6.7 percent rise in the previous month, the Office for National Statistics (ONS) reported.

Elsewhere, consumer inflation data from France and wholesale price figures from Germany also added to recent signs of moderating price pressures.

The pan European STOXX 600 was up 0.7 percent at 455.75 after gaining 1.3 percent on Tuesday.

The German DAX rose half a percent, France's CAC 40 added 0.6 percent and the U.K.'s FTSE 100 was up 1 percent.

Swiss eye-care company Alcon plummeted 6 percent after its Q3 sales missed estimates. Higher metal prices boosted miners, with Anglo American, Antofagasta and Glencore gaining 2-3 percent.

Experian soared 5.5 percent after the credit data firm reported an increase in half-yearly profit.

Tullow Oil jumped 3.5 percent after raising its 2023 cashflow outlook.

Alstom shares plunged more than 11 percent. The French train manufacturer plans simplification of operational setup, including around 1,500 job cuts, representing close to 10 percent of total S&A positions.

Infineon Technologies rallied 6.6 percent. The German semiconductor company proposed higher demand after posting increased earnings for the fourth quarter.

Energy technology company Siemens Energy jumped nearly 6 percent after securing 7.5 billion euros ($8.15 billion) in project-related state guarantees from the German government.

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.

RTTNews | 1h 20phút trước

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.

RTTNews | 1h 41phút trước

Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

RTTNews | 2h 11phút trước

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2h 52phút trước

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | 3h 19phút trước

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 3h 22phút trước

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 3h 37phút trước

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | 3h 39phút trước

EURUSD	1.16288	GBPUSD	1.34553	AUDUSD	0.6478
USDJPY	147.778	USDCAD	1.38571	USDCHF	0.80554