European Markets Close Higher After Choppy Session

RTTNews | vor 683 Tagen

(RTTNews) - European markets ended higher after a choppy ride on Thursday as investors digested a slew of earnings announcement from European and U.S. companies, in addition to reacting to the latest batch of economic data.

The major markets in the region, however, ended on a mixed note.

The pan European Stoxx 600 climbed 0.18%. France's CAC 40 advanced 0.23% and Germany's DAX edged up 0.03%, while the U.K.'s FTSE 100 drifted down 0.27% and Switzerland's SMI edged down 0.03%.

Among other markets in Europe, Austria, Czech Republic, Denmark, Iceland, Netherlands, Norway, Poland, Portugal, Russia, Spain and Sweden closed higher.

Belgium and Ireland ended weak, while Finland and Greece settled flat.

In the UK market, Barclays surged 5.32% after first-quarter profit topped expectation.

Prudential rallied nearly 4% and BT Group gained about 3.1%. Airtel Africa, Halma, IAG, Hiscox, Vodafone Group, Rentokil Initial, RS Group, Unilever, Admiral Group and Sage Group ended higher by 1 to 2.35%.

Legal & General Group tumbled more than 7%. WPP, St. James's Place, Ashtead Group, Sainsbury (J) and Frasers Group lost 3 to 4.25%.

Weir Group lost about 1% after the mining engineer backed its guidance for the year.

Smith (DS), Whitbread, IHG, Fresnillo, Smurfit Kappa Group, BP, Glencore, JD Sports Fashion, Flutter Entertainment, British American Tobacco and Shell also ended notably lower.

In Paris, Schneider Electric surged nearly 4% after reporting a rise in Q1 revenue and lifting its FY23 organic growth view.

Teleperformance gained about 3.2%, rebounding after suffering a sharp setback in the previous session. Dassault Systemes, Eurofins Scientific and BNP Paribas gained 2 to 3.15%.

Saint Gobain, Kering, L'Oreal, Credit Agricole, Airbus Group, Societe Generale, Orange and WorldLine also ended notably higher.

Unibail Rodamco, TotalEnergies, Publicis Groupe, Danone and Essilor lost 1 to 3.3%.

In the German market, Siemens Energy gained about 3%. Deutsche Bank surged 2.5% after profit hit its highest in a decade in the first quarter.

Deutsche Post, RWE, Zalando, SAP, Commerzbank, Allianz, Fresenius Medical Care, Vonovia, Fresenius and Siemens gained 1 to 2%.

Deutsche Boerse plunged more than 7%. The company has signed an agreement on voluntary all-cash recommended public takeover offer to acquire Danish software and services provider SimCorp A/S at a price of 735 Danish kroner per share.

BASF ended more than 4% down after the chemicals giant maintained its profit forecast for 2023 but warned of great uncertainty in the global economy.

Puma lost 6.5%, while Infineon Technologies and Daimler Truck Holding ended lower by 3.2% and 4.5%, respectively.

Eurozone economic confidence improved marginally in April as the weakness in industry was more than offset by improvement in confidence among consumers and services providers. The economic sentiment index, or ESI, rose to 99.3 in April from 99.2 in the previous month, data from the European Commission showed Thursday.

Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming its early losses in mid-market trading on Tuesday, but extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 7,900 level, with weakness is mining and technology stocks partially offset by gains in energy and financial stocks.

RTTNews | vor 4Std 18 Minuten

Sensex, Nifty Set To Fall In Global Rout

Indian shares may follow global peers lower on Tuesday amid growing concerns about a potential U.S. recession.

RTTNews | vor 4Std 32 Minuten

Lower Open Called For Thai Stock Market

The Thai stock market has alternated between positive and negative finishes through the last six trading days since the end of the two-day slide in which it had tumbled almost 40 points or 3.2 percent. The Stock Exchange of Thailand now sits just above the 1,175-point plateau and it figures to see continued consolidation on Tuesday.

RTTNews | vor 5Std 3 Minuten

Losses May Accelerate For Indonesia Stock Market

The Indonesia stock market on Monday ended the three-day winning streak in which it had surged more than 350 points or 5.4 percent. The Jakarta Composite Index now sits just beneath the 6,600-point plateau and it may extend its losses on Tuesday. The global forecast for the Asian markets is broadly negative on recession fears and concerns over the health of the world economy. The European and U.S. markets finished sharply lower and the Asian bourses are expected to open under pressure as well.

RTTNews | vor 5Std 33 Minuten

Japanese Market Sharply Lower, Down 2.6%

The Japanese stock market is trading sharply lower on Tuesday, reversing the gains in the previous session, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling well below the 36,100 level, with weakness across most sectors led by index heavyweights, exporters and technology stocks.

RTTNews | vor 5Std 36 Minuten

Hong Kong Stock Market May Take Further Damage On Tuesday

The Hong Kong stock market has moved lower in consecutive trading days, stumbling almost 600 points or 2.6 percent along the way. The Hang Seng Index now rests just above the 23,780-point plateau and it figures to open under pressure again on Tuesday. The global forecast for the Asian markets is broadly negative on recession fears and concerns over the health of the world economy. The European and U.S. markets finished sharply lower and the Asian bourses are expected to open under pressure as well. The Hang Seng finished sharply lower on Monday following losses among the financial shares, property stocks and technology companies. For the day, the index plunged 447/81 points or 1.85 percent to finish at 23,783.49 after trading between 23,632.42 and 24,292.80. Among the actives, Alibaba Group stumbled 3.93 percent, while Alibaba Health Info surged 3.25 percent, ANTA Sports slumped 2.09 percent, China Life Insurance and CITIC both fell 0.63 percent, China Mengniu Dairy slid 0.42 percent, China Resources Land retreated 2.63 percent, CNOOC advanced 0.91 percent, CSPC Pharmaceutical sank 1.24 percent, Galaxy Entertainment shed 1.23 percent, Hang Lung Properties added 0.45 percent, Henderson Land eased 0.22 percent, Hong Kong & China Gas rose 0.32 percent, Industrial and Commercial Bank of China lost 0.89 percent, JD.com plunged 4.59 percent, Lenovo dropped 1.58 percent, Li Auto dipped 0.36 percent, Li Ning tanked 4.50 percent, Meituan plummeted 4.69 percent, New World Development soared 2.83 percent, Nongfu Spring declined 2.41 percent, Techtronic Industries skidded 1.65 percent, Xiaomi Corporation tumbled 2.76 percent and WuXi Biologics and Haier Smart Home were unchanged.

RTTNews | vor 5Std 48 Minuten

Australian Market Sharply Lower

The Australian stock market is trading sharply lower on Tuesday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 7,900 level, with weakness across most sectors led by mining and technology stocks.

RTTNews | vor 6Std 0 Minuten

No Help Yet For China Stock Market

The China stock market has moved lower in two straight sessions, retreating almost 15 points or 0.5 percent in that span. The SCI now sits just above the 3,365-point plateau although it's looking at another soft start again on Tuesday. The global forecast for the Asian markets is broadly negative on recession fears and concerns over the health of the world economy. The European and U.S. markets finished sharply lower and the Asian bourses are expected to open under pressure as well.

RTTNews | vor 6Std 3 Minuten

EURUSD	1.08574	GBPUSD	1.28927	AUDUSD	0.62831
USDJPY	147.006	USDCAD	1.4417	USDCHF	0.87871

Advertisement

European Markets Close Higher After Choppy Session