European Shares Rally On Trump Election Lead

RTTNews | 75 gün önce

(RTTNews) - European stocks were sharply higher on Wednesday as former U.S. President Donald Trump neared the majority mark of 270 electoral votes after taking comfortable position in four of the seven swing states.

Speaking to his supporters early today, Trump expressed that this moment would "help this country heal."

Investors also cheered the results of a survey that showed Eurozone business activity held steady last month, a small improvement from September's modest decline.

A separate report revealed Germany's factory orders rebounded in September on strong growth in aircraft and other transport equipment orders.

Factory orders advanced 4.2 percent on a monthly basis in September, in contrast to the revised 5.4 percent decline in August, Destatis reported.

The pan European STOXX 600 rallied 1.5 percent to 517.10 after ending flat with a positive bias on Tuesday.

The German DAX climbed 1.2 percent, France's CAC 40 surged 1.7 percent and the U.K.'s FTSE 100 added 1.1 percent.

Shares of Lancashire Holdings jumped more than 10 percent in London. The British specialty insurance and reinsurance group has reported a 9 percent year-on-year increase in GWP to $1.7bn for the first nine months of 2024.

Lloyd's of London insurer Beazley rallied 3.6 percent after reiterating its full-year undiscounted combined ratio guidance of around 80 percent.

Prudential surged 5 percent after it posted a 11 percent rise in new business profit for the first nine months of fiscal 2024.

Homebuilder Persimmon slumped 5.2 percent as it flagged concerns around signs of build costs emerging in price negotiations for 2025.

Retail giant Marks and Spencer soared 5.2 percent after beating first-half profit expectations.

French lender Credit Agricole fell nearly 4 percent after reporting mixed Q3 results as weakness at some of its retail businesses overshadowed record revenues at its investment banking unit.

Siemens Healthineers jumped almost 7 percent after the German medical technology company reported revenue growth and full year adjusted earnings before interest and taxes (EBIT) in line with estimates.

Evotec SE, a pharmaceutical drug discovery and development company, slumped 14 percent after reporting declines in revenues and profits in the first nine months of the year.

Sports brand PUMA fell 5 percent after Q3 sales came in below expectations. Automaker BMW declined 3.7 percent on reporting a 61 percent drop in its quarterly third-quarter profit.

Software developer TeamViewer lost over 9 percent after trimming its revenue forecast.

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Tuesday, following the positive cues from European markets and lack of cues from Wall Street overnight, as markets reacted positively to US President Donald Trump's decision not to impose China-specific tariffs on his first day in office. However, there were hints from Trump about potential 25 percent tariffs on Canada and Mexico as early as February 1.

RTTNews | 5s 57 dakika önce

Australian Market Halves Early Gains In Mid-market

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RTTNews | 6s 32 dakika önce

Sensex, Nifty Seen Opening Higher In Cautious Trade

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RTTNews | 6s 41 dakika önce

Japanese Market Slightly Higher

The Japanese stock market is trading slightly higher on Tuesday, extending the gains in the previous session, following the broadly positive cues from European markets and lack of cues from Wall Street overnight. The Nikkei 225 is moving up to near the 39,000 mark, with gains some index heavyweights, automakers and technology stocks.

RTTNews | 7s 38 dakika önce

Australian Market Sharply Higher

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RTTNews | 8s 1 dakika önce

TSX Ends Higher For 5th Straight Session

The Canadian market closed higher on Monday, extending gains to a sixth straight session, reacting to news that the Trump administration will hold off on imposing trade tariffs for now.

RTTNews | 10s 49 dakika önce

Canadian Stocks Remain Firmly Positive Despite Paring Some Gains

Despite paring some gains, the Canadian market remains firmly place in positive territory Monday afternoon thanks to sustained buying in several stocks from the energy sector. The mood remains positive amid optimism about some interest rate cuts by the Federal Reserve and a few other central banks this year.

RTTNews | 13s 42 dakika önce

Swiss Market Closes On Firm Note

Despite a mid-session setback, the Switzerland market closed on a firm note on Monday, in line with markets across Europe, as investors reacted positively to news that the Trump administration would hold off on imposing trade tariffs for now.

RTTNews | 14s 40 dakika önce

EURUSD	1.03923	GBPUSD	1.23001	AUDUSD	0.62498
USDJPY	155.033	USDCAD	1.44118	USDCHF	0.90698