European Stocks Rise On Bargain Hunting, Optimism Over Nvidia Results

RTTNews | 659 ngày trước
European Stocks Rise On Bargain Hunting, Optimism Over Nvidia Results

(RTTNews) - European stocks are up firmly in positive territory on Tuesday amid expectations of a good earnings update from U.S. technology major Nvidia, and preliminary reports on manufacturing activity in the month of August.

A drop in bond yields is contributing as well to the positive mood in the stock markets. Several stocks have moved higher on bargain hunting after recent sharp losses.

Investors are also looking ahead to the upcoming Jackson Hole Symposium in Wyoming, where central bankers are meeting on Thursday. Federal Reserve Chairman Jerome Powell is scheduled to speak on Friday.

The pan European Stoxx 600 is up 1.15%. The U.K.'s FTSE 100 is gaiing 0.63%, Germany's DAX is up 1.05% and France's CAC 40 is advancing 1.2%, while Switzerland's SMI is up 0.8%.

In the UK market, Anglo American Plc, Rio Tinto, JD Sports Fashion and Antofagasta are gaining 2 to 2.6%.

CRH, Fresnillo, Kingfisher, Glencore, Centrica, Land Securities, Royal Mail, Segro, Tayler Wimpey, Flutter Entertainment and M&G are advancing 1.2 to 1.8%. Vodafone, Barratt Developments and Smurfit Kappa Group are also notably higher.

In Paris, STMicroElectronics is up nearly 3%. Eurofins Scientific, ArcelorMittal, Essilor, Dassault Systemes, Renault, Veolia, Capgemini, Credit Agricole, Legrand and Alstom are rising 1.7 to 2.8%.

BNP Paribas, Societe Generale, Michelin, Carrefour, Kering, Bouygues, Air Liquide, Stellantis and Airbus are also up with strong gains.

In the German market, Infineon is rising nearly 3.5%. Vonovia is up 3.25%, while SAP, Puma and Siemens Energy are gaining 2.2 to 2.5%.

Adidas, Qiagen, Sartorius, HeidelbergCement, Symrise, BMW, Siemens, Allianz and Deutsche Bank are up 1 to 2%.

In economic news, data from the European Central Bank showed the eurozone recorded a current account surplus of EURO 36.8 billion in June, as against a revised EURO 4.4 billion deficit in the same month last year.

Data released by the Office for National Statistics showed public sector net borrowing in the UK was £3.5 billion in July 2023, up from £0.1 billion in the same month last year.

Public sector net borrowing excluding banks in the UK was £4.3 billion in July 2023, up from £0.9 billion in the same month last year and below market forecasts of £5.0 billion, the data showed.

read more
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Thursday, following the broadly negative cues from Wall Street overnight, after US President Donald Trump said he and Chinese President Xi Jinping "are going to work closely together to open up China to American Trade." However, signs of escalating geopolitical tensions in the Middle East are weighing on market sentiment.
RTTNews | 46 phút trước
Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments

Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments

Indian shares look set to open lower on Thursday as oil prices climbed on signs of rising tensions in the Middle East and U.S. President Donald Trump said he would notify trading partners within the next one to two weeks about the new unilateral tariff rates, with the choice to accept or reject them.
RTTNews | 1h 23phút trước
Rally May Stall For Thai Stock Market

Rally May Stall For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, collecting more than 6 points or 0.6 percent along the way. The Stock Exchange of Thailand now rests just above the 1,140-point plateau although it may be stuck in neutral on Thursday.
RTTNews | 1h 57phút trước
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, snapping a four-session winning streak, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 38,200 level, with weakness across most sectors led by automakers, exporters and technology stocks. Financial stocks are the only bright spot.
RTTNews | 2h 19phút trước
Indonesia Bourse May Extend Wednesday's Losses

Indonesia Bourse May Extend Wednesday's Losses

The Indonesia stock market on Wednesday ended the three-day winning streak in which it had gained almost 190 points or 2.7 percent. The Jakarta Composite Index now rests just above the 7,220-point plateau and the losses may accelerate on Thursday.
RTTNews | 2h 27phút trước
Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian market is trading slightly higher on Thursday, extending the gains in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving a tad above the 8,600 level, with gains in gold miners and eergy partially offset by weakness in iron ore miners.
RTTNews | 2h 39phút trước
Hong Kong Bourse May Hand Back Wednesday's Gains

Hong Kong Bourse May Hand Back Wednesday's Gains

The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,360-point plateau and it's likely to remain rangebound on Thursday.
RTTNews | 2h 42phút trước
Lower Open Anticipated For Taiwan Stock Market

Lower Open Anticipated For Taiwan Stock Market

The Taiwan stock market has moved higher in three straight sessions, accelerating more than 810 points or 3.6 percent along the way. The Taiwan Stock Exchange now sits just above the 22,470-point plateau although it's expected to open under water on Thursday.
RTTNews | 3h 27phút trước