European Shares Edge Higher On Rate Cut Hopes

RTTNews | 597 hari yang lalu
European Shares Edge Higher On Rate Cut Hopes

(RTTNews) - European shares edged higher on Monday despite U.S. President Donald Trump's warning to impose tariffs on all steel and aluminum imports into the United States, and a pledge to impose other reciprocal tariffs on Tuesday or Wednesday.

Underlying sentiment was underpinned by hopes for more monetary easing by the European Central Bank after ECB Governing Council member Boris Vujcic said that expectations for three more rate reductions this year are reasonable.

The European economic calendar remains light, with Eurozone Sentix Investor Confidence data due later in the day.

Earlier in the day, a report compiled by S&P Global showed that U.K. job vacancies decreased the most since August 2020.

Vacancy numbers fell especially sharply for permanent worker, with the rate of contraction accelerating for the fifth successive month, as higher cost of employing staff due to the changes in government policies weighed on hiring activity,

The pan European STOXX 600 edged up by 0.3 percent to 544.45 after falling 0.4 percent on Friday.

The German DAX gained 0.3 percent, France's CAC 40 added 0.2 percent and the U.K.'s FTSE 100 was up half a percent.

Higher oil prices boosted energy stocks, with TotalEnergies SE rising nearly 1 percent. BP jumped 7.2 percent after activist investor Elliott Investment Management built a stake in the company.

Finland's Nokia advanced 1.6 percent after appointing a new CEO.

Engineering company GTT Group fell 4 percent in Paris after announcing the resignation of its chief executive, Jean-Baptiste Choimet.

Johnson Matthey, a global leader in sustainable technologies, gained 1 percent after naming Richard Pike as its new CFO.

baca selengkapnya
Thai Stock Market Called Lower Again On Thursday

Thai Stock Market Called Lower Again On Thursday

The Thai stock market has finished lower in three straight sessions, sinking almost 50 points or 3.1 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,560-point plateau and it's expected to see continued consolidation on Thursday.
RTTNews | 16 menit yang lalu
Japanese Market Sharply Higher

Japanese Market Sharply Higher

The Japanese market is trading sharply higher on Thursday, extending the gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving well above the 67,700 level, with gains in index heavyweights and technology stocks partially offset by weakness in automakers and financial stocks.
RTTNews | 20 menit yang lalu
Losing Streak May Continue For Indonesia Stock Market

Losing Streak May Continue For Indonesia Stock Market

The Indonesia stock market has finished lower in five straight sessions, tumbling more than 300 points or 4.4 percent along the way. The Jakarta Composite Index now sits just above the 6,070-point plateau and it's expected to open under water again on Thursday.
RTTNews | 46 menit yang lalu
Australian Market Significantly Lower

Australian Market Significantly Lower

The Australian market is trading significantly lower on Thursday, snapping a three-session winning streak, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,700 level, with weakness across most sectors led by mining and financial stocks.
RTTNews | 47 menit yang lalu