European Shares Flat To Higher As Investor Await Powell's Testimony

RTTNews | 103天前

(RTTNews) - European stocks were flat to marginally higher on Tuesday, with U.S. President Donald Trump's tariff announcement on metals and an upcoming semi-annual monetary policy testimony from Federal Reserve Chair Jerome Powell in focus.

In economic releases, France's unemployment rate dropped marginally in the fourth quarter, the statistical office INSEE reported.

The jobless rate fell unexpectedly to 7.3 percent from 7.4 percent in the third quarter while analysts had expected the rate to rise to 7.5 percent.

The number of unemployed decreased 63,000 sequentially to 2.3 million.

The pan European STOXX 600 was marginally higher at 545.94 after rising 0.6 percent on Monday.

The German DAX rose 0.2 percent, while France's CAC 40 and the U.K.'s FTSE 100 were little changed.

Steelmakers were coming under selling pressure, with Thyssenkrupp falling 1.3 percent and Salzgitter declining 0.8 percent.

British oil major BP Plc edged down slightly after reporting a steep drop in profits for the fiscal quarter of last year.

Sports betting firm Entain slumped 11 percent as Chief Executive Officer Gavin Isaacs stepped down with immediate effect after less than six months in the role.

Novartis traded modestly higher. The Swiss pharmaceutical giant has agreed to acquire Anthos Therapeutics for up to $3.1 billion.

Luxury group Kering jumped 5 percent in Paris after posting better-than-expected sales in the fourth quarter.

Austrian sensor maker Ams-OSRAM soared 18 percent. The company forecast recovery in the second half of 2025 after posting disappointing Q1 sales amid muted demand for its automotive semiconductors.

Italian lender UniCredit tumbled 3.3 percent despite posting better-than-expected 2024 earnings.

Australian Market Slightly Extends Early Losses In Mid-market

The Australian stock market is slightly extending its early losses in mid-market trading on Monday, reversing some of the gains in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying near the 8,350.00 level, with weakness in mining, energy and financial stocks partially offset by gains in gold miners and technology stocks

RTTNews | 26分钟前

Asian Markets Track Global Markets Lower

Asian stock markets are trading mostly lower on Monday, following the broadly negative cues from Wall Street and Europe on Friday, on renewed trade and tariff concerns after US President Donald Trump threatened to impose 50 percent tariffs on imports from the European Union beginning June 1. However, Trump agreed to delay a sweeping 50 percent tariff on EU imports until July 9 over the weekend.

RTTNews | 54分钟前

Sensex, Nifty Seen Higher At Open As Trump Extends EU Tariff Deadline

Indian shares look set to open higher on Monday, tracking gains in U.S. index futures and mostly positive cues from Asian markets after U.S. President Donald Trump extended a deadline for EU trade deal until 9 July, following a call with European Commission president.

RTTNews | 1小时20分钟前

Thai Bourse May Hand Back Friday's Gains

The Thai stock market on Friday snapped the tw0-day slide in which it had dropped more than 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,175-point plateau although it may head south again on Monday.

RTTNews | 1小时53分钟前

Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Monday, extending the gains in the previous session, despite the broadly negative cues from Wall Street on Friday, with the Nikkei 225 moving up to near the 37,400 level, with gains in index heavyweights, automakers and technology stocks.

RTTNews | 2小时21分钟前

Win Streak May End For Indonesia Stock Market

The Indonesia stock market has moved higher in three straight sessions, gathering more than 120 points or 1.7 percent along the way. The Jakarta Composite Index now rests just above the 7,210-point plateau, although the rally may stall on Monday.

RTTNews | 2小时23分钟前

Lower Open Called For Hong Kong Stock Market

The Hong Kong stock market bounced higher again on Friday, one day after snapping the two-day winning streak in which it had rallied almost 500 points or 2.2 percent. The Hang Seng Index now sits just above the 23,600-point plateau although it's tipped to open in the red on Monday.

RTTNews | 2小时38分钟前

Australian Market Slightly Lower

The Australian stock market is slightly lower in choppy trading on Monday, reversing some of the gains in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying near the 8,350.00 level, with a mixed performance across most sectors. Gold miners were the only bright spot

RTTNews | 2小时53分钟前

EURUSD	1.14112	GBPUSD	1.35774	AUDUSD	0.65218
USDJPY	142.47	USDCAD	1.37003	USDCHF	0.8203

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European Shares Flat To Higher As Investor Await Powell's Testimony