European Shares Edge Higher As Investors Look Ahead To Fed, ECB Meetings

RTTNews | 210天前

(RTTNews) - European stocks traded higher on Tuesday as investors looked ahead to upcoming Fed and ECB meetings.

On a light day on the economic front, data showed a measure of French consumer confidence rose to 92 in January from 89 in the previous month.

The Spanish Economy Ministry said it will raise its gross domestic product growth target for this year above the current 2.4 percent.

The pan European STOXX 600 was up 0.3 percent at 531.23 after ending flat with a negative bias the previous day.

The German DAX edged up by 0.1 percent and the U.K.'s FTSE 100 rose 0.3 percent, while France's CAC 40 slipped 0.1 percent.

German media company Freenet AG rose over 1 percent after appointing Robin John Andes Harries as its new CEO.

Energy technology group Siemens Energy rallied 3 percent after reporting increased sales and earnings figures for the first quarter and raising part of its forecast for the 2024/25 financial year.

Basilea Pharma added 1.3 percent. The commercial-stage biopharmaceutical company announced that the total global in-market sales of its leading antifungal Cresemba increased 20 percent year-on-year to $533 million in the twelve-month period between October 2023 and September 2024.

SAP SE gained half a percent. The business-software group raised its operating profit and sales guidance for the year.

SThree fell 2.5 percent in London after fiscal 2024 profit before income tax declined to 67.64 million pounds from 77.91 million pounds in the prior year.

French engineering and technology consulting group Alten SA jumped 9 percent after 2024 revenue increased by 1.8 percent.

Netcompany Group A/S plunged 17 percent after Q4 revenue came in below expectations.

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending it early gains in mid-market moves on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks.

RTTNews | 14分钟前

Asian Markets Mixed In Cautious Trades

Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious and seem reluctant to make significant moves 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, which could impact the outlook for interest rates.

RTTNews | 18分钟前

Mild Upside Seen For Thai Stock Market

The Thai stock market on Tuesday ended the two-day winnings streak in which it had picked up almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it figures to move back to the upside again on Wednesday.

RTTNews | 1小时45分钟前

Japanese Market Slightly Lower

The Japanese stock market is slightly lower in choppy trading on Wednesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is staying below the 42,400 level, with a mixed performance across all sectors.

RTTNews | 2小时3分钟前

Indonesia Shares May Reverse Tuesday's Losses

The Indonesia stock market headed south again on Tuesday, one day after snapping 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 7,900-point plateau although it's looking to bounce higher again on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.

RTTNews | 2小时15分钟前

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains in mining and financial stocks.

RTTNews | 2小时21分钟前

Hong Kong Shares Expected To Open To The Upside

The Hong Kong stock market on Tuesday ended the two-day winning streak in which it had advanced more than 825 points or 3.4 percent. The Hang Seng Index now rests just above the 25,520-point plateau although it may find renewed support on Wednesday.

RTTNews | 2小时30分钟前

Higher Open Called For China Stock Market

The China stock market on Tuesday halted the four-day winning streak in which it had rallied almost 160 points or 4.4 percent. The Shanghai Composite Index now sits just beneath the 3,870-point plateau although it may move back to the upside again on Wednesday.

RTTNews | 2小时45分钟前

EURUSD	1.16278	GBPUSD	1.34585	AUDUSD	0.64888
USDJPY	147.833	USDCAD	1.38398	USDCHF	0.80461