European Shares Inch Higher On Earnings

RTTNews | 503天前

(RTTNews) - European stocks inched higher on Friday after European Central Bank policymaker Yannis Stournaras said he sees three rate cuts in 2024.

Stournaras reportedly said in an interview that three rate cuts in 2024 is the more likely scenario after considering recent growth and inflation data.

A slew of encouraging earnings updates and signs of improvement in U.K. services growth also helped underpin investor sentiment.

The U.K. service sector expanded at the quickest pace in nearly a year, spurred by a renewed strengthening of order books, final data from S&P Global showed.

The services purchasing managers' index rose to 55.0 in April from 53.1 in March. That was also above the flash score of 54.9.

Investors shrugged off separate data showing that France's industrial production declined unexpectedly in March after rebounding in the previous month.

The pan European STOXX 600 edged up 0.3 percent to 504.83 after closing 0.2 percent lower on Thursday.

The German DAX rose 0.4 percent, France's CAC 40 added 0.6 percent and the U.K.'s FTSE 100 was up 0.4 percent.

In corporate news, Germany's household and personal products business Henkel AG & Co. KGaA jumped 7.4 percent after raising its sales and earnings outlook for 2024.

Daimler Truck Holding slumped 5 percent after reporting a decline in Q1 global sales.

Krones, a packaging and bottling machine maker, declined 1.6 percent despite posting higher Q1 profit and confirming its FY24 outlook.

Credit Agricole, France's second-biggest listed bank, climbed 3.6 percent after posting a forecast-beating 55 percent jump in first-quarter net profit.

Rival Societe Generale soared 4.4 percent as it backed guidance after reporting a smaller-than-expected 22 percent slide in first-quarter net income.

Anglo American jumped more than 3 percent in London after reports that commodities group Glencore was considering a rival bid for the mining giant.

Trainline, which runs a digital platform for buying rail and bus tickets, soared 8 percent after annual earnings rose and the company announced it would start buying back more shares over the course of 12 months.

Publishing company Future rallied 2.7 percent after appointing Sharjeel Suleman as its CFO.

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market moves on Friday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up near the 8,800 level, with gains in financial, energy and technology stocks partially offset by a mixed performance in mining stocks.

RTTNews | 11分钟前

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Friday, following the broadly positive cues from Wall Street overnight, as traders continued to digest the US Fed's interest rate cut by a quarter point and its impact on the markets. Fed officials' forecasts suggest two more rate cuts this year but just one next year, although there were significant differences of opinion about the outlook.

RTTNews | 30分钟前

Sensex, Nifty Eye Cautious Start After Recent Gains

Indian shares are seen opening little changed on Friday after recent gains supported by GST reforms and encouraging progress in India-U.S. trade discussions.

RTTNews | 59分钟前

Thai Shares May Halt Slide On Friday

The Thai stock market has moved lower in consecutive trading days, shedding more than 10 points of 0.8 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,300-point plateau, although it may find support on Friday.

RTTNews | 1小时32分钟前

Japanese Market Notably Higher

Extending the gains in the previous session, the Japanese market is notably higher on Friday, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 45,700 level, with gains across most sectors led by automakers, financial and technology stocks.

RTTNews | 1小时50分钟前

Higher Open Tipped For Indonesia Stock Market

The Indonesia stock market on Thursday ended the seven-day winning streak in which it had surged almost 400 points or 5 percent. The Jakarta Composite Index now sits just shy of the 8,010-point plateau, although it may tick higher again on Friday.

RTTNews | 2小时2分钟前

Australian Market Notably Higher

The Australian stock market is trading notably higher on Friday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,800 level, with gains energy and technology stocks partially offset by weakness in mining stocks.

RTTNews | 2小时3分钟前

Hong Kong Bourse Expected To Remain Rangebound

The Hong Kong stock market has moved lower in two of three trading days since the end of the two-day winning streak in which it had jumped more than 360 points or 1.4 percent. The Hang Seng Index now sits just beneath the 26,550-point plateau although it's likely to move back to the upside again on Friday.

RTTNews | 2小时17分钟前

EURUSD	1.17901	GBPUSD	1.35543	AUDUSD	0.66145
USDJPY	147.787	USDCAD	1.37922	USDCHF	0.79245