Major European Markets Close On Mixed Note After Volatile Session

RTTNews | 644天前
Major European Markets Close On Mixed Note After Volatile Session

(RTTNews) - The major European markets ended on a mixed note on Thursday with investors largely making cautious moves, digesting the latest batch of economic data, and assessing the policy stance of major central banks.

The pan European Stoxx 600 ended 0.14% down. The U.K.'s FTSE 100 climbed 0.21%, France's CAC 40 edged up 0.03%, and Germany's DAX ended lower by 0.14%. Switzerland's SMI gained 0.63%.

Other markets in Europe closed mostly lower. Austria, Belgium, Finland, Greece, Iceland, Ireland, Netherlands, Norway, Poland, Portugal, Russia and Sweden closed weak.

Denmark and Turkiye ended higher, while Spain closed flat.

In the UK market, Melrose Industries climbed 5.5%. Rolls-Royce Holdings gained 3.7%. Relx, EasyJet, DCC, National Grid, Smith & Nephew, Centrica, AstraZeneca, SSE, United Utilities, Severn Trent, Sage Group, BAE Systems, 3i, TUI, Reckitt Benckiser and M&G gained 1 to 2.3%.

Direct Line Insurance Group shares zoomed more than 15% after the motor and home insurer posted a first-half operating loss but forecast improved earnings in 2024.

BHP tumbled 4.7%. Smurfit Kappa Group ended lower by about 4% after the packaging giant said it is in discussions to merge with U.S. rival WestRock.

Ds Smith, JD Sports Fashion, Prudential, Anglo American and Rio Tinto lost 2.7 to 4%.

Entain, Just Eat Takeaway.com, Antofagasta, Glencore, Natwest, Fresnillo, Ferguson and Pennon ended lower by 1 to 2%.

In the German market, MTU Aero Engines, Henkel, Hannover Rueck, Siemens Healthineers and Daimler Truck Holding gained 1 to 1.8%.

Adidas, Infineon, Continental, Siemens Energy, Brenntag, Puma, BASF, Vonovia, Volkswagen, Commerzbank, Symrise, Qiagen, Mercedes-Benz and BMW lost 1 to 3.5%.

In Paris, Orange, Veolia, Airbus Group, Safran, Sanofi, Renault and Engie advanced 1 to 2%.

STMicroElectronics dropped 4.2%. Alstom, WorldLine, ArcelorMittal, Teleperformance, Unibail Rodamco, Capgemini, Pernod Ricard, Publicis Groupe, Kering and LVMH declined 1 to 3.3%.

On the economic front, revised estimate published by the Eurostat said the euro area economy logged only a marginal growth in the second quarter reigniting fears of a recession after the net trade acted as a drag on growth.

The estimate showed that the 20-nation currency bloc grew by a marginal 0.1% in the June quarter. The rate was revised down from 0.3% estimated on August 16.

Germany's industrial production registered a slower decline in July, data from Destatis showed. Industrial output posted a monthly fall of 0.8%, which was slower than June's revised 1.4% decrease. Economists had forecast a drop of 0.5%.

Payroll employment in France grew at a slower pace of 0.1% in the second quarter as significantly less jobs were created compared to the previous three months, preliminary data from the statistical office INSEE showed. In the previous three months, salaried employment grew 0.4% or by 101,800 jobs.

Compared to a year ago, payroll employment rose 1% or by 279,900 jobs.

France's trade deficit widened to EUR 8.09 billion in July from EUR 6.8 billion in June. In the same period last year, the shortfall totaled EUR 15.5 billion, data published by the customs office showed.

Exports logged a monthly growth of 1%. At the same time, imports posted a 3.1% expansion. On a yearly basis, exports moved up 6.3%. By contrast, imports were down 5.7% in July.

UK house prices declined at the fastest pace in nine months in August as rising mortgage rates and high inflation continue to weigh on housing affordability and demand. House prices registered a monthly drop of 1.9%, following a 0.4% drop in July. This was the biggest fall since November 2022 and also marked the fifth consecutive decrease.

read more
Australian Market Doubles Early Losses In Mid-market

Australian Market Doubles Early Losses In Mid-market

The Australian stock market is doubling its early loses in mid-market moves on Friday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,550 level, with weakness is technology stocks partially offset by gains in gold miners and energy stocks.
RTTNews | 1小时19分钟前
Asian Markets A Sea Of Red

Asian Markets A Sea Of Red

Asian stock markets are a sea of red on Friday, despite the broadly positive cues from Wall Street overnight, amid heightening geopolitical tensions in the Middle East region after Israel launched a preemptive strike against Iran in a major escalation of the regional conflict. US officials confirmed that the U.S. had no involvement or role in the operation. Asian markets ended mixed on Thursday.
RTTNews | 1小时37分钟前
Thai Stock Market May Erase Thursday's Losses

Thai Stock Market May Erase Thursday's Losses

The Thai stock market on Thursday ended the two-day winning streak in which it had risen more than 6 points or 0.6 percent. The Stock Exchange of Thailand now rests just beneath the 1,130-point plateau and it's expected to open higher on Friday.
RTTNews | 2小时44分钟前
Indonesia Shares May Move Higher On Friday

Indonesia Shares May Move Higher On Friday

The Indonesia stock market has moved lower in back-to-back sessions, slipping more than 25 points or 0.4 percent in that span. The Jakarta Composite Index now rests just above the 7,200-point plateau although it may find support on Friday.
RTTNews | 3小时14分钟前
Japanese Market Sharply Lower

Japanese Market Sharply Lower

Extending the losses in the previous session, the Japanese market is sharply lower on Friday, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling below the 37,600 level, with weakness across most sectors led by index heavyweights, exporters and technology stocks.
RTTNews | 3小时16分钟前
Little Movement Seen For Hong Kong Stock Market

Little Movement Seen For Hong Kong Stock Market

The Hong Kong stock market has alternated between positive and negative finishes through the last five 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 24,030-point plateau and it's likely to remain rangebound on Friday.
RTTNews | 3小时29分钟前