Stocks – Europe
Stocks in Europe were seen trading higher on Monday, boosted by gains seen in the US and Asian market, while Ukraine still remains in the spotlight.
The European Euro Stoxx 50 rose 0.18% higher to 3,212.84 at the time of writing, while the German DAX gained 0.46% to 9,746.29. At the same time the French CAC 40 climbed 0.19% to 4,502.08, while the UK’s benchmark FTSE 100 edged 0.20% higher to 6,865.32.
Germany’s biggest steelmaker, ThyssenKrupp said it saw gains in net profit of 269 million euors for the first quarter from a net loss of 129 million euros seen in the previous year. While sales for the same quarter climbed to 10.3 billion euros, surpassing analysts’ forecast of 9.88 billion euros.
Airbus reported its net income for the first quarter climbed by 93% to 439 million euros, while revenue rose by 5% to 12.6 billion euros.
Meanwhile, the European Central Bank President Mario Draghi said the bank’s policymakers were ready to take any step to support the economy’s recovery.
The ZEW Center for European Economic Research are expected to release the German ZEW economic index later in the day, with analysts forecasting a fall this month to 40 points from the previous reading of 43.2 recorded in April.
Ukraine
Tensions in the city of Slavyansk continue to escalate over the weekend as voters in Ukraine’s Dontesk and Luhansk regions supported Sunday’s referendum to split from the country by 90% voters against 10%, RIA Novosti reported. Leaders in the US, Ukraine and the European Union condemned the referendum and said it was illegal as Ukraine plans to hold presidential elections on May 25.
Meanwhile, Donetsk said it will declare war against the Ukrainian government forces if they do not leave within 48 hours.
Stocks – Asia
Asian stocks climbed on Tuesday after the US market posted gains overnight. Japanese benchmark Nikkei 225 index rose 1.95% closing at 14,425.44, while Tokyo’s Topix index climbed 1.77% to 1,178.35.
Hong Kong’s Hang Seng index jumped 0.40% higher to 22,350.84 at the time of writing, while the mainland Chinese benchmark Shanghai Composite fell 0.10% lower, ending the session at 2,050.73.
China’s Industrial production rose by 8.7% in April on an annual basis, slightly lower than the previous reading of 8.8% seen in March and compared to analysts forecast of 8.9%. While the country’s retail sales climbed 11.9% in April year-on-year, compared to the 12.2% recorded in March.
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