European Shares Rally As Earnings Bring Cheer

RTTNews | 167 dias atrás

(RTTNews) - European stocks advanced on Wednesday, with China stimulus hopes and encouraging earnings boosting investor sentiment ahead of the Federal Reserve's interest-rate decision later in the day.

A measure of China's manufacturing activity slipped to a five-month nadir in July, fueling expectations for more Chinese stimulus.

Meanwhile, headline annual inflation in the euro zone unexpectedly rose to 2.6 percent in July from 2.5 percent in June, according to Eurostat's flash estimate.

The pan European STOXX 600 climbed 0.8 percent to 518.14 after gaining half a percent on Tuesday.

The German DAX edged up 0.4 percent, France's CAC 40 rallied 1.1 percent and the U.K.'s FTSE 100 surged 1.4 percent.

In corporate news, ASML rallied 5.5 percent after Reuters reported the Biden administration planned to exempt chip equipment makers from Japan, the Netherlands and South Korea from upcoming export restrictions.

HSBC Holdings jumped 4 percent in London. The lender announced a share buyback of up to $3 billion after reporting a stable first-half profit.

Mining firm Ferrexpo soared 12 percent after half-year profits more than doubled.

Ricardo climbed 4 percent. The engineering and environmental consulting firm reported trading in line with expectations for FY23/24.

Commercial landlord Shaftesbury Capital added 2.2 percent on reporting robust business performance in its interim results.

Taylor Wimpey rose 1.3 percent. The real estate group has raised its outlook for house sales this year to the top end of a previous guidance.

Pharma giant GSK fell 1.5 percent after its second-quarter profit attributable to shareholders fell to 1.17 billion pounds from last year's 1.62 billion pounds.

Yogurt maker Danone jumped 4.4 percent in Paris after revenue rose more than expected in the second quarter.

Airbus, the world's largest plane maker, surged 3.3 percent while jet engine and equipment maker Safran fell 1.6 percent after reporting their half-year results.

Schneider Electric, a global leader in energy management and automation, gained nearly 3 percent after reporting better-than-expected H1 earnings and raising its outlook.

Adidas added 1 percent. The German sportswear giant confirmed its preliminary second-quarter figures and backed its sales and earnings guidance for the year.

Healthcare group Fresenius rallied 2.2 percent after beating Q2 view and confirming FY24 outlook.

TeamViewer surged more than 10 percent. The provider of remote connectivity solutions reiterated annual revenue guidance after Q2 revenue beat expectations.

Medical technology company Siemens Healthineers plunged 6.4 percent after missing Q3 sales and earnings forecasts.

Australian Dollar Rises Against Majors

The Australian dollar strengthened against other major currencies in the Asian session on Tuesday.

RTTNews | 5h 11min atrás

Australia Westpac Consumer Sentiment Weakens In January

Australia's consumer confidence weakened in January but things are expected to improve, survey results from Westpac showed on Tuesday. The Westpac-Melbourne Institute Consumer Sentiment Index declined 0.7 percent to 92.1 in January from 92.8 in December. Among five sub-indices of consumer confidence, the two indicators tracking current conditions declined.

RTTNews | 5h 17min atrás

Sensex, Nifty Climb Higher As Stocks Rise On Bargain Hunting; HCL Tech Tanks

Indian benchmark stock indices Sensed and the Nifty50 are up in positive territory Tuesday morning with several counters attracting bargain hunting after four successive days of losses. Data showing a drop in the nation's consumer price inflation in the month of December is contributing as well to the positive mood in the market.

RTTNews | 5h 38min atrás

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the mixed cues from Wall Street overnight, as markets in the region cheered news that President-elect Donald Trump's economic team is discussing a cautious and slow approach in implementing tariff hikes to avoid an inflation spike. The US dollar also weakened against most of the currencies in the region.

RTTNews | 7h 34min atrás

Indian Shares Likely To Open On Positive Note

Higher GIFT Nifty futures point to a positive start for Indian shares on Tuesday. Investors are also likely to react positively to data showing a drop in consumer price inflation in the month of December. Some bargain hunting is likely as well after four successive days of declines.

RTTNews | 7h 53min atrás

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Tuesday, after snapping the three-session losing streak, with the benchmark S&P/ASX 200 index moving above the 8,200.00 level, with gains in mining and energy stocks partially offset by weakness in financial and technology stocks.

RTTNews | 8h 2min atrás

Thai Shares Poised To Open To The Upside On Tuesday

The Thai stock market moved lower again on Monday, one session after halting the two-day slide in which it had stumbled almost 30 points or 2.2 percent. The Stock Exchange of Thailand now sits just beneath the 1,355-point plateau and it may find renewed support on Tuesday. The global forecast for the Asian markets is murky, with support from the oil companies likely offset by weakness from the technology shares. The European markets were down and the U.S. bourses were mostly higher and the Asian markets figure to split the difference. The SET finished sharply lower on Monday following losses from the food, consumer, property, service and technology sectors, while the financials offered support. For the day, the index dropped 13.65 points or 1.00 percent to finish at 1,354.34 after trading between 1,349.02 and 1,362.14. Volume was 9.462 billion shares worth 43.022 billion baht. There were 342 decliners and 146 gainers, with 178 stocks finishing unchanged. Among the actives, Advanced Info fell 0.35 percent, while Thailand Airport plummeted 3.00 percent, Asset World plunged 3.66 percent, Banpu surged 4.81 percent, Bangkok Bank jumped 1.64 percent, Bangkok Dusit Medical increased 0.84 percent, Bangkok Expressway lost 2.14 percent, B. Grimm declined 1.16 percent, BTS Group gained 1.69 percent, CP All Public tumbled 1.80 percent, Charoen Pokphand Foods retreated 1.36 percent, Energy Absolute cratered 10 percent, Gulf shed 0.85 percent, Kasikornbank strengthened 1.57 percent, Krung Thai Bank collected 1.38 percent, Krung Thai Card dropped 0.99 percent, PTT Exploration and Production spiked 2.01 percent, PTT Global Chemical sank 0.87 percent, SCG Packaging climbed 1.13 percent, Siam Commercial Bank improved 1.68 percent, Siam Concrete stumbled 1.62 percent, Thai Oil accelerated 2.00 percent, True Corporation slumped 1.79 percent, TTB Bank rallied 2.22 percent and PTT Oil & Retail and PTT were unchanged.

RTTNews | 8h 55min atrás

Japanese Market Sharply Lower

The Japanese stock market is modestly lower in post-holiday trading on Tuesday, extending the loses in the previous three sessions, with the Nikkei 225 falling well below the 38,700 level, following the mixed cues from Wall Street overnight, with weakness across most sectors led by index heavyweights, financial and technology stocks.

RTTNews | 9h 21min atrás

EURUSD	1.02443	GBPUSD	1.22034	AUDUSD	0.61845
USDJPY	157.575	USDCAD	1.43823	USDCHF	0.91609