European Shares Climb As US, Ukraine Agree To Minerals Deal

RTTNews | 12s 55 dakika önce

(RTTNews) - European shares held near record highs on Wednesday after the United States and Ukraine have agreed on the terms of a draft minerals deal amid ongoing talks to end the Ukraine-Russia war.

The draft minerals deal to turn over Kyiv's revenue from some of its mineral resources to Washington, says that the United States wants Ukraine to be "free, sovereign and secure."

The deal is key for Ukraine in securing continued U.S. support for its fight against Russia.

The agreement could be signed as early as Friday when Ukrainian President Volodymyr Zelensky visits Washington to meet his American counterpart.

The pan European STOXX 600 rose half a percent to 556.97 after gaining 0.2 percent on Tuesday.

The German DAX jumped 0.8 percent, France's CAC 40 surged 0.6 percent and the U.K.'s FTSE 100 was up 0.7 percent ahead of Nvidia's earnings release later in the day.

Investors shrugged off the latest survey data showing that German consumer sentiment is set to fall in March on weaker income expectations and willingness to buy.

The forward-looking consumer sentiment index unexpectedly fell to -24.7 in March from -22.6 in February, according to the survey jointly published by the market research group GfK and the Nuremberg Institute for Market Decisions. The reading was expected to improve to -21.6.

In corporate news, auto giant Stellantis slumped 5.6 percent after predicting no major improvement in its profitability in 2025.

Anheuser-Busch InBev soared nearly 8 percent as the world's largest brewer reported forecast-beating fourth quarter profits.

Munich Re gained 5 percent as the reinsurance giant reported a net profit of €5.7 billion for 2024, surpassing its original €5 billion target.

German telecommunications firm Deutsche Telekom tumbled almost 4 percent as it forecast profit for 2025 below analysts' estimates.

Biotechnology firm Evotec declined 1.6 percent after announcing a change in its management board.

Healthcare group Fresenius soared 6.5 percent after reporting fourth quarter adjusted operating profit above market estimates.

E.ON, the operator of energy networks, rallied 3 percent after upgrading its mid-term outlook.

Staffing firm Adecco climbed 3.7 percent after saying it was seeing signs of an uptick in the global hiring market at the start of the year.

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German Consumer Confidence To Continue Negative Trend

Consumer sentiment in Germany is set to continue its negative trend as higher prices, economic and political uncertainty weigh on households' income expectations and their willingness to buy, a closely watched survey showed on Wednesday. The forward-looking consumer sentiment index unexpectedly fell to -24.7 in March from -22.6 in February, a survey jointly published GfK and NIM revealed.

RTTNews | 9s 24 dakika önce

Thailand Cuts Key Interest Rate By 25 Bps

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RTTNews | 10s 32 dakika önce

FTSE 100 Advances; Convatec Rises On Strong Earnings

U.K. stocks are notably higher Wednesday morning, lifted by gains in mining and banking sectors. Slightly easing concerns over U.S. - Ukraine tensions after the two countries agreed on a minerals deal aid sentiment. While mining stocks are up on firm copper prices, bank stocks are gaining thanks to some rating upgrades.

RTTNews | 11s 31 dakika önce

CAC 40 Up Nearly 1%

French stocks are up in positive territory Wednesday morning with markets reacting positively news about U.S. and Ukraine agreeing on a minerals deal, which could help ease ongoing tensions between the two countries. Investors are also digesting some earnings updates.

RTTNews | 12s 28 dakika önce

DAX Rises 1.2% As Investors React To Quarterly Earnings

Despite concerns about the impact of U.S. President Donald Trump's trade policies, German stocks are up firmly in positive territory Wednesday morning with investors reacting to quarterly earnings updates and news about Ukraine accepting an agreement on mineral rights with the U.S.

RTTNews | 12s 50 dakika önce

EURUSD	1.05151	GBPUSD	1.26997	AUDUSD	0.63242
USDJPY	149.179	USDCAD	1.43447	USDCHF	0.89322