European Shares Rise On Tariff Relief Hopes

RTTNews | 10小时30分钟前

(RTTNews) - European stocks were modestly higher on Tuesday ahead of a slew of earnings and key data releases due this week.

Sentiment was underpinned after reports emerged that the U.S. would move to reduce the impact of duties imposed on foreign parts in domestically manufactured cars.

Meanwhile, German consumer confidence is set to continue its recovery in May as trade tariff hikes by the U.S. administration had a limited impact, a closely watched survey showed.

The forward-looking consumer sentiment index improved unexpectedly to -20.6 in May from revised -24.3 in the previous month, according to a survey jointly published by the market research group GfK and the Nuremberg Institute for Market Decisions. The score was expected to fall to -25.6.

Eurozone economic sentiment survey results are awaited.

The pan European STOXX 600 was up 0.4 percent at 525.01, rising for a sixth straight session. The German DAX climbed 0.7 percent and France's CAC 40 was marginally higher.

The U.K.'s FTSE 100 was marginally higher, extending gains for the twelfth consecutive session.

Lender HSBC rallied 2.3 percent as it launched a $3 billion share buyback despite an increasingly fragile geopolitical backdrop.

Deutsche Bank rose nearly 2 percent after posting higher-than-expected first-quarter profit and confirming its FY25 revenue view.

Rheinmetall AG, the German auto and defense firm, soared 6 percent after first-quarter sales beat expectations.

Meal-kit maker HelloFresh SE climbed 9 percent after backing its annual outlook. Clariant AG jumped 5 percent. The Swiss specialty chemicals company reported improved profitability in its first quarter results despite flat sales.

Sportscar maker Porsche slumped 4.8 percent after cutting its FY25 outlook.

Schneider Electric SE plummeted 7 percent. The electrical equipment maker cut its 2025 implied core profit margin outlook, citing foreign exchange rate fluctuations.

Deutsche Boerse, one of the leading European stock exchanges, tumbled 5 percent after revenue missed consensus estimates.

Appliances maker Electrolux nosedived 10 percent as Q1 profit lagged expectations.

BP Plc lost 4.5 percent after announcing mixed earnings results and the departure of executive who led strategy during failed pivot to renewables.

Pound Falls Against Most Majors

The pound fell against its most major counterparts in the New York session on Tuesday.

RTTNews | 1小时52分钟前

Swiss Market Closes Modestly Higher

The Switzerland market ended modestly higher on Tuesday after holding firm right through the day's trading session. Reports that the U.S. would move to reduce the impact of duties imposed on foreign parts in domestically manufactured cars helped underpin sentiment.

RTTNews | 2小时6分钟前

European Stocks Close Broadly Higher As Investors React To Earnings

European stocks closed broadly higher on Tuesday with investors reacting to a spate of corporate earnings announcements, and continuing to assess the U.S. Government's trade policy. Reports that the U.S. President has proposed lower tariffs on auto parts for U.S.-produced vehicles helped keep investor sentiment positive.

RTTNews | 2小时26分钟前

Canadian Market Up Marginally In Cautious Trade

Canadian stocks are swinging between gains and losses on Tuesday as investors make cautious moves, monitoring the developments on the tariff front, and reacting positively to the victory of Prime Minister Mark Carney's victory in the general election.

RTTNews | 3小时21分钟前

Dollar Index Edges Up Amidst Trade Deal Uncertainty

The U.S. dollar recorded a mixed performance against major currencies during the week ended April 25 amidst continuing uncertainty in respect of U.S. trade policy and oscillating expectations about a trade deal, particularly with China.

RTTNews | 4小时32分钟前

U.S. Consumer Confidence Slumps More Than Expected In April

Largely reflecting a significant deterioration by consumer expectations, the Conference Board released a report on Tuesday showing its U.S. consumer confidence index slumped by more than expected in the month of April. The Conference Board said its consumer confidence index plunged to 86.0 in April from an upwardly revised 93.9 in March.

RTTNews | 5小时20分钟前

U.S. Job Openings Decrease More Than Expected In March

The Labor Department released a report on Tuesday showing job openings in the U.S. fell by more than expected in the month of March.

RTTNews | 5小时32分钟前

Bay Street May Open Slightly Higher

Higher Canadian futures point to a slightly positive start on Bay Street Tuesday morning. The victory of Mark Carney in the Canadian general election and easing concerns about U.S. tariffs may also support the market. However, weak crude oil and gold prices may weigh on sentiment and limit market's upside.

RTTNews | 7小时7分钟前

EURUSD	1.13775	GBPUSD	1.33978	AUDUSD	0.638
USDJPY	142.34	USDCAD	1.3845	USDCHF	0.82459

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European Shares Rise On Tariff Relief Hopes