European Shares Inch Higher Ahead Of Christmas Holidays

RTTNews | Před 776 dny

(RTTNews) - European stocks bounced back from a six-week low on Wednesday, with consumer discretionary firms rising heading into the year-end holiday period.

The pan European STOXX 600 jumped 0.8 percent to 427.46 after declining 0.4 percent on Tuesday.

The German DAX rallied 0.8 percent, France's CAC 40 index added 0.9 percent and the U.K.'s FTSE 100 was up half a percent.

Adidas AG surged nearly 9 percent and Puma soared 10 percent on expectations of higher sales during the peak period for Christmas sales.

Philips rallied 3.2 percent after the Dutch health technology company provided an update on completed set of test results for first-generation DreamStation sleep therapy devises.

French utility Engie was marginally lower after warning of a hit to earnings from windfall levies and Belgian nuclear provisions.

Uniper added 3.6 percent after the European Commission conditionally approved the nationalization of the troubled gas giant.

Aurubis gained 1.3 percent. The copper smelter scrapped its existing dividend policy and announced 530 million euro of growth-oriented investments.

Ferrexpo rallied 1.7 percent after saying it was now receiving sufficient levels of power to bring one iron ore pelletizer line in central Ukraine back into operation.

Bunzl was little changed after saying that operating margins in 2022 would be slightly ahead of previous guidance and in line with 2021.

In economic releases, a survey showed German consumer sentiment is set to extend its recovery heading into the new year as a result of government measures to curb rising energy costs.

The forward-looking consumer sentiment index rose to -37.8 in January from -40.1 in December while economists had forecast a score of 38.0.

The U.K. budget deficit was the biggest for the month of November, data from the Office for National Statistics revealed earlier today.

Public sector net borrowing excluding banks increased by GBP 13.9 billion from the last year to GBP 22.0 billion. This was the biggest November borrowing since monthly records began in 1993.

CAC 40 Recovers After Mild Setback

After a marginal upmove and a subsequent drop into the red, French stocks have edged higher Tuesday morning with investors largely making cautious moves, assessing the potential implications of tariffs imposed and proposed to be imposed by the U.S. on countries such as Canada, Mexico and China, as well the EU and the U.K.

RTTNews | Před 5 h 8 min

Sensex Soars 1,397 Points; Nifty Ends Above 23,700

Indian shares ended sharply higher on Tuesday after U.S. President Donald Trump delayed tariffs on Mexico and Canada for a month but gave China no such relief.

RTTNews | Před 5 h 25 min

DAX Flat After Somewhat Wild Swings; Infineon Soars On Guidance

German stocks are a bit volatile Tuesday morning with investors focusing on earnings and awaiting fresh economic data this week for directional clues. The mood is a bit cautious as trade war concerns linger despite U.S. President Donald Trump striking deals with Canada and Mexico to delay 25% import taxes for a month.

RTTNews | Před 5 h 39 min

Spain Unemployment Rises Less Than Forecast

Spain's unemployment increased less than expected in January and also hit the lowest level for the month in 17 years as the economy continued to exhibit robust growth, official data showed on Tuesday. The number of people out of work increased 38,725 in January from the previous month, the labor ministry said.

RTTNews | Před 6 h 21 min

European Shares Slide As Trade War Fears Mount

European shares declined on Tuesday as new U.S. tariffs of 10 percent on Chinese imports took effect and China announced retaliatory tariffs and export controls, raising fears of a trade war between the world's two largest economies.

RTTNews | Před 6 h 45 min

Asian Shares Pare Early Gains As China Retaliates With Tariffs On US Goods

Asian stocks gave up some early gains but still ended higher on Tuesday as China slapped tariffs on U.S. imports in a rapid response to a 10 percent trade duty imposed by the Trump administration on Chinese goods, which took effect from 00:00 ET today.

RTTNews | Před 7 h 10 min

Commodity Currencies Advance After Trump's Tariff Delay

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Tuesday, as traders reacted positively to U.S. President Donald Trump's latest decision to delay imposing the planned tariffs on Mexico and Canada after successful negotiations with the respective leaders. The tariffs could have renewed inflation fears, leading the U.S. Fed to keep interest rates on hold for longer.

RTTNews | Před 8 h 51 min

Canadian Dollar Advances Against Majors

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

RTTNews | Před 9 h 21 min

EURUSD	1.03319	GBPUSD	1.24195	AUDUSD	0.62105
USDJPY	155.314	USDCAD	1.44223	USDCHF	0.90898