European Stocks Close Lower On Growth Worries

RTTNews | 643天前

(RTTNews) - European stocks closed lower on Tuesday, weighed down by concerns about economic slowdown after weak services activity in China and slowing eurozone business activity.

The pan European Stoxx 600 ended down 0.23%. The U.K.'s FTSE 100 drifted down 0.2%, Germany's DAX and France's CAC 40 both ended lower by 0.34%, while Switzerland's SMI dropped 0.86%.

Among other markets in Europe, Czech Republic, Finland, Iceland, Ireland, Poland, Portugal, Russia and Spain ended weak.

Austria, Greece, Norway, Sweden and Turkiye closed higher, while Belgium, Denmark and Netherlands ended flat.

In the UK market, B&M European Value Retail, Croda International, Ashtead Group, Tesco, Ocado Group, Bunzl and Flutter Entertainment lost 2 to 3.4%.

Johnson Matthey, Kingfisher, Smith & Nephew, ABRDN, CRH, Entain, Anglo American Plc, Hargreaves Lansdown, Melrose Industries, Prudential and Natwest Group lost 1.2 to 2%.

Whitbread rallied 2.3%. Centrica, BP, Weir Group, IHG, Vodafone Group, Antofagasta and Shell gained 1 to 2%.

In the German market, Commerzbank tumbled more than 6%. Fresenius Medical Care ended 4.4% down. Siemens Energy, Zalando, Deutsche Bank, HeidelbergCement, Fresenius, Deutsche Post and Sartorius lost 2 to 3.7%.

BASF, Adidas, RWE, Covestro, Puma, Qiagen and Infineon Technologies also ended notably lower.

BMW, Porsche, Continental, Hannover Rueck and Deutsche Telekom ended higher by 1 to 2.2%.

In Paris, Eurofins Scientific, WorldLine, Teleperformance, Carrefour, Kering and Credit Agricle lost 2 to 2.7%.

LVMH, Veolia, Air Liquide, Saint Gobain, Alstom, Engie, Danone and Pernod Ricard ended lower by 1 to 1.7%.

Total Energies and Michelin both ended higher by about 2%. Renault climbed 1.6% and Sanofi advanced about 1%.

In economic news, the euro area private sector economy contracted the most in nearly three years in August with broad based deterioration across the manufacturing and services sectors, results of the purchasing managers' survey showed.

The HCOB composite output index fell to 46.7 in August from 48.6 in July, final data compiled by S&P Global revealed Tuesday. The initial score was 47.0 for August.

Data released by Eurostat showed eurozone producer prices declined for the third straight month in July and at the fastest pace in fourteen years on a sharp reduction in energy prices.

The producer price index posted an annual decline of 7.6% in July, faster than the 3.4% decrease in June. That was in line with expectations.

Moreover, this was the steepest decline since July 2009, when prices had fallen 8.2%.

On a monthly basis, producer prices fell 0.5% in July versus a 0.4% drop in June. The expected decline was 0.6%.

A survey by the European Central Bank showed on Tuesday that consumer inflation expectations for the euro area for the next 12 months were unchanged, while those for the three years ahead edged up. Elsewhere, ECB Chief Economist Philip Lane said that the modest easing in goods inflation and services inflation was "a very welcome development", but the trend has to continue.

The UK services sector witnessed a downturn for the first time this year, mostly due to weaker business and consumer spending, survey results from S&P Global and the Chartered Institute of Procurement & Supply showed Tuesday.

The final services business activity index dropped to 49.5 in August from 51.5 in the previous month. The flash score was 48.7.

UK car sales continued to increase strongly in August, boosted by the highest monthly market share for electric vehicles, though regulatory concerns stand as a threat in the future, the Society of Motor Manufacturers and Traders, or SMMT, said on Tuesday.

Car registrations grew by 24.4% year-over-year in August.

Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Tuesday, extending the gains in the previous two sessions, following the mixed cues from Wall Street overnight, with the Nikkei 225 moving up to near the 38,300 level, with gains across most sectors led by index heavyweights and technology stocks. Financial stocks were the only weak spot.

RTTNews | 23分钟前

Lower Open Anticipated For Indonesia Stock Market

Ahead of the long holiday weekend for Eid-al-Adha, the Indonesia stock market had moved higher in back-to-back sessions, gathering almost 70 points or 1 percent along the way. The Jakarta Composite Index now rests just above the 7,110-point plateau although it's likely to open under pressure on Tuesday. The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference. The JCI finished modestly higher on Thursday following gains from the financials and mixed performances from the resource and cement companies. For the day, the index added 44.39 points or 0.63 percent to finish at 7,113.42 after trading between 7,083.89 and 7,136.64. Among the actives, Bank CIMB Niaga sank 0.87 percent, while Bank Mandiri climbed 1.00 percent, Bank Negara Indonesia spiked 2.79 percent, Bank Central Asia shed 0.56 percent, Bank Rakyat Indonesia collected 0.49 percent, Indosat Ooredoo Hutchison added 0.48 percent, Indocement advanced 0.98 percent, Semen Indonesia tumbled 1.79 percent, Indofood Sukses Makmur dropped 0.91 percent, United Tractors perked 0.12 percent, Energi Mega Persada plunged 4.24 percent, Astra Agro Lestari retreated 1.26 percent, Aneka Tambang tanked 2.82 percent, Vale Indonesia plummeted 4.13 percent, Timah rallied 2.07 percent, Bumi Resources soared 2.50 percent and Astra International and Bank Danamon Indonesia were unchanged.

RTTNews | 31分钟前

Hong Kong Shares Tipped To Open In The Red On Tuesday

The Hong Kong stock market bounced higher again on Monday, one session after ending 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 24,180-point plateau although it may hand back those gains on Tuesday. The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference.

RTTNews | 46分钟前

Australian Market Notably Higher

The Australian stock market is trading notably higher on Tuesday, reversing some of the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,550 level, with gains across most sectors led by technology and energy stocks. Gold miners were the only weak spot.

RTTNews | 51分钟前

China Stock Market Due For Consolidation On Tuesday

The China stock market has finished higher in five straight sessions, advancing more than 50 points or 1.5 percent along the way. The Shanghai Composite Index now sits just beneath the 3,400-point plateau although it's expected to open to the downside on Tuesday. The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference.

RTTNews | 1小时1分钟前

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market found renewed support on Monday, one session after ending the three-day winning streak in which it had jumped almost 680 points or 3.2 percent. The Taiwan Stock Exchange now sits just above the 21,790-point plateau although it may head south again on Tuesday. The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference. The TSE finished modestly higher on Monday following gains from the financial shares, technology stocks and plastics companies. For the day, the index gained 129.63 points or 0.60 percent to finish at 21,790.29 after trading between 21,717.52 and 21,866.27. Among the actives, Cathay Financial and CTBC Financial both collected 0.16 percent, while Mega Financial slid 0.25 percent, First Financial gained 0.55 percent, E Sun Financial improved 0.65 percent, Taiwan Semiconductor Manufacturing Company rallied 1.01 percent, United Microelectronics Corporation strengthened 1.44 percent, Hon Hai Precision climbed 0.98 percent, Largan Precision advanced 0.86 percent, Catcher Technology fell 0.24 percent, MediaTek increased 0.39 percent, Delta Electronics added 0.38 percent, Novatek Microelectronics dipped 0.20 percent, Nan Ya Plastics perked 0.17 percent, Asia Cement rose 0.24 percent and Formosa Plastics and Fubon Financial were unchanged.

RTTNews | 1小时31分钟前

Singapore Shares May See Profit Taking On Tuesday

The Singapore stock market has climbed higher in five straight sessions, collecting more than 40 points or 1 percent along the way. The Straits Times Index now sits just above the 3,935-point plateau although it may be due for consolidation on Tuesday. The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference. The STI finished barely higher on Monday following gains from the retailers and mixed performances from the financial shares, property stocks and industrial issues. For the day, the index was up 2.03 points or 0.05 percent to finish at 3,936.32 after trading between 3,930.76 and 3,945.92. Among the actives, CapitaLand Ascendas REIT and CapitaLand Investment both declined 0.39 percent, while CapitaLand Integrated Commercial Trust lost 0.47 percent, City Developments stumbled 1.14 percent, Comfort DelGro improved 0.71 percent, DBS Group advanced 0.82 percent, DFI Retail surged 5.26 percent, Hongkong Land added 0.37 percent, Keppel DC REIT fell 0.45 percent, Keppel Ltd dropped 0.70 percent, Oversea-Chinese Banking Corporation collected 0.55 percent, SATS shed 0.64 percent, SembCorp Industries retreated 0.88 percent, Singapore Technologies Engineering tumbled 1.01 percent, SingTel slumped 0.77 percent, Yangzijiang Financial sank 0.68 percent, Yangzijiang Shipbuilding was down 0.44 percent and Mapletree Pan Asia Commercial Trust, Mapletree Industrial Trust, Mapletree Logistics Trust, Genting Singapore, Thai Beverage, Wilmar International, Seatrium Limited and Frasers Logistics & Commercial Trust were unchanged.

RTTNews | 2小时1分钟前

Malaysia Shares Likely To Remain Rangebound

The Malaysia stock market ticked higher again on Monday, one session after snapping the two-day winning streak in which it had gained almost 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,520-point plateau and it's expected to remain in that neighborhood again on Tuesday. The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference. The KLCI finished slightly higher on Monday following gains from the plantation stocks and mixed performances from the financials and telecoms. For the day, the index perked 2.62 points or 0.17 percent to finish at 1,519.41 after trading between 1,518.03 and 1,521.64. Among the actives, 99 Speed Mart Retail rose 0.48 percent, while Axiata increased 0.50 percent, Celcomdigi shed 0.52 percent, CIMB Group advanced 0.73 percent, Gamuda stumbled 1.47 percent, Hong Leong Financial eased 0.12 percent, IHH Healthcare added 0.58 percent, IOI Corporation perked 0.27 percent, Maxis slumped 0.83 percent, Maybank dipped 0.21 percent, MISC spiked 1.32 percent, Nestle Malaysia tumbled 1.79 percent, Petronas Chemicals soared 3.08 percent, Petronas Dagangan retreated 1.71 percent, Petronas Gas fell 0.22 percent, PPB Group rallied 1.10 percent, Press Metal climbed 0.81 percent, QL Resources surged 3.66 percent, RHB Bank collected 0.16 percent, Sime Darby sank 0.56 percent, SD Guthrie gathered 0.44 percent, Sunway improved 0.62 percent, Telekom Malaysia dropped 0.61 percent, Tenaga Nasional gained 0.56 percent, YTL Corporation declined 1.46 percent, YTL Power lost 0.28 percent and Kuala Lumpur Kepong, MRDIY and Public Bank were unchanged.

RTTNews | 2小时31分钟前

EURUSD	1.13894	GBPUSD	1.35223	AUDUSD	0.65026
USDJPY	145.201	USDCAD	1.37153	USDCHF	0.82403

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European Stocks Close Lower On Growth Worries