European Shares Broadly Higher Amid Earnings Deluge

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(RTTNews) - European stocks were broadly higher on Thursday as investors digested mostly positive earnings results and looked ahead to the release of U.S. GDP data due later in the day for direction.

The pan European STOXX 600 was up 0.2 percent at 464.04 after declining 0.8 percent on Wednesday.

The German DAX rose 0.2 percent and France's CAC 40 added half a percent while the U.K.'s FTSE 100 was marginally lower.

The euro hovered near a one-year high against the dollar as Europe's resilient economy contrasted with the baking turmoil and an impending recession in the United States.

A measure of Eurozone economic sentiment ticked up slightly in April, data showed earlier in the day.

In corporate news, Germany's Deutsche Bank jumped 2.4 percent after profit hit its highest in a decade in the first quarter.

Engine builder DEUTZ rallied 3.5 percent after sounding more confident about full-year results.

HelloFresh soared 6.3 percent after the meal-kit maker reported a smaller-than-expected decline in first-quarter core earnings.

BASF tumbled nearly 3 percent after the chemicals giant maintained its profit forecast for 2023 but warned of great uncertainty in the global economy.

Deutsche Boerse plunged 6.6 percent. 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.

British advertising group WPP fell 2.6 percent after reporting lower spending from some U.S. tech clients.

Weir Group lost 2.2 percent after the mining engineer backed its guidance for the year.

Consumer goods giant Unilever added 1.5 percent after reporting better-than-expected quarterly underlying sales.

Lender Barclays jumped 4.4 percent after first-quarter profit topped expectation. BP Plc, Shell and TotalEnergies all fell about 1 percent after oil prices fell nearly 4 percent overnight on demand worries.

Schneider Electric rose over 2 percent after reporting a rise in Q1 revenue and lifting its FY23 organic growth view.

More Pain Predicted For Taiwan Stock Market

The Taiwan stock market has finished lower in three straight sessions, shedding almost 420 points or 1.8 percent in that span. The Taiwan Stock Exchange now sits just above the 22,450-point plateau and it figures to open under water 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 TSE finished modestly lower again on Monday following mixed performances from the financial shares and technology stocks. For the day, the index slumped 116.92 points or 0.52 percent to finish at 22,459.15 after trading between 22,407.57 and 22,641.25. Among the actives, Cathay Financial and CTBC Financial both perked 0.16 percent, while Mega Financial collected 0.63 percent, Fubon Financial fell 0.22 percent, E Sun Financial improved 0.70 percent, Taiwan Semiconductor Manufacturing Company sank 0.70 percent, United Microelectronics Corporation rallied 2.04 percent, Largan Precision retreated 1.67 percent, Catcher Technology gained 0.73 percent, MediaTek plunged 4.78 percent, Novatek Microelectronics shed 0.37 percent, Formosa Plastics advanced 1.03 percent, Nan Ya Plastics climbed 1.05 percent, Asia Cement was up 0.11 percent and Hon Hai Precision was unchanged.

RTTNews | il y a 4h 5min

Japan Household Spending Adds 0.8% On Year In January

The average of household spending in Japan was up 0.8 percent on year in January, the Ministry of Internal Affairs and Communications said on Tuesday - coming in at 305,521 yen.

RTTNews | il y a 4h 20min

Japan GDP Adds 0.6% On Quarter In Q4

Japan's gross domestic product expanded a seasonally adjusted 0.6 percent on quarter in the fourth quarter of 2024, the Cabinet Office said in Tuesday's second preliminary estimate.

RTTNews | il y a 4h 25min

Singapore Stock Market Poised To Open Under Water On Tuesday

The Singapore stock market has tracked lower in back-to-back sessions, sinking almost 20 points or 0.5 percent along the way. The Straits Time Index now sits just beneath the 3,900-point plateau and the losses may accelerate 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 STI finished modestly lower on Monday following losses among the financial shares, property stocks and industrial issues. For the day, the index fell 15.41 points or 0.39 percent to finish at the daily low of 3,899.07 after peaking at 3,922.66. Among the actives, CapitaLand Investment sank 0.77 percent, while City Developments declined 1.19 percent, Comfort DelGro shed 0.68 percent, DBS Group eased 0.28 percent, Frasers Logistics & Commercial Trust spiked 1.79 percent, Genting Singapore rallied 1.41 percent, Hongkong Land stumbled 1.79 percent, Keppel DC REIT added 0.49 percent, Keppel Ltd slid 0.44 percent, Mapletree Industrial Trust advanced 1.00 percent, Mapletree Logistics Trust skidded 0.80 percent, Oversea-Chinese Banking Corporation lost 0.64 percent, Seatrium Limited jumped 1.43 percent, SembCorp Industries retreated 1.27 percent, Singapore Technologies Engineering slumped 1.14 percent, SingTel tumbled 1.75 percent, UOL Group climbed 1.38 percent, Venture Corporation rose 0.24 percent, Wilmar International fell 0.61 percent, Yangzijiang Financial dropped 0.78 percent, Yangzijiang Shipbuilding dipped 0.42 percent and Thai Beverage, Mapletree Pan Asia Commercial Trust, DFI Retail, Frasers Centrepoint Trust, CapitaLand Integrated Commercial Trust, Emperador and SATS were unchanged.

RTTNews | il y a 4h 35min

Losing Streak May Continue For Malaysia Stock Market

The Malaysia stock market has tracked lower in three straight sessions, slumping almost 30 points or 2 percent in that span. The Kuala Lumpur Composite Index now sits just above the 1,535-point plateau and it may take further damage 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 | il y a 5h 5min

Japan Stock Market Tipped To Open In The Red

The Japanese stock market rebounded on Monday, one session after snapping the two-day winning streak in which it had rallied more than 370 points or 1 percent. The Nikkei 225 now rests just shy of the 37,030-point plateau although it figures to head south 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 Nikkei finished modestly higher on Monday following gains from the automobile producers, weakness from the technology stocks and a mixed picture from the financial shares. For the day, the index added 141.10 points or 0.38 percent to finish at 37,028.27 after trading between 36,705.02 and 37,113.48. Among the actives, Nissan Motor retreated 1.46 percent, while Mazda Motor added 0.68 percent, Toyota Motor advanced 0.93 percent, Honda Motor accelerated 0.91 percent, Softbank Group strengthened 1.43 percent, Mitsubishi UFJ Financial eased 0.13 percent, Mizuho Financial declined 1.53 percent, Sumitomo Mitsui Financial skidded 1.17 percent, Mitsubishi Electric tumbled 1.60 percent, Sony Group tanked 3.11 percent, Panasonic Holdings slumped 1.57 percent and Hitachi surrendered 2.81 percent.

RTTNews | il y a 5h 20min

Renewed Consolidation Called For South Korea Shares

The South Korea stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had advanced almost 50 points or 2 percent. The KOSPI now sits just above the 2,570-point plateau although it's likely to hand back those gains 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 | il y a 5h 35min

Dollar Turns In Mixed Performance Against Major Counterparts

The U.S. dollar turned in a mixed performance against its major counterparts on Monday as traders weighed the likely impact of President Donald Trump's tariffs and trade policies, and the most recent economic data.

RTTNews | il y a 6h 17min

EURUSD	1.08431	GBPUSD	1.28833	AUDUSD	0.62827
USDJPY	146.741	USDCAD	1.44253	USDCHF	0.87891

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European Shares Broadly Higher Amid Earnings Deluge