The Japan Times - European stocks advance before German spending vote

EUR -
AED 4.013929
AFN 77.010548
ALL 99.19297
AMD 427.967654
ANG 1.965873
AOA 998.331663
ARS 1167.189754
AUD 1.719087
AWG 1.967159
AZN 1.836429
BAM 1.9543
BBD 2.20239
BDT 132.528295
BGN 1.954619
BHD 0.411953
BIF 3232.448939
BMD 1.092866
BND 1.453298
BOB 7.537216
BRL 6.199609
BSD 1.090753
BTN 94.375711
BWP 14.810499
BYN 3.569728
BYR 21420.179777
BZD 2.190999
CAD 1.564105
CDF 3141.990948
CHF 0.958717
CLF 0.026121
CLP 1002.36559
CNY 7.89902
CNH 7.910128
COP 4501.789569
CRC 543.977564
CUC 1.092866
CUP 28.960957
CVE 110.180446
CZK 25.029958
DJF 194.23916
DKK 7.45936
DOP 68.586738
DZD 145.657526
EGP 55.149751
ERN 16.392995
ETB 143.363369
FJD 2.494085
FKP 0.841569
GBP 0.84172
GEL 3.054587
GGP 0.841569
GHS 16.937063
GIP 0.841569
GMD 78.773613
GNF 9449.603556
GTQ 8.421792
GYD 228.861666
HKD 8.491926
HNL 27.957988
HRK 7.530833
HTG 143.381867
HUF 397.738214
IDR 18079.18275
ILS 4.010246
IMP 0.841569
INR 94.564976
IQD 1430.015592
IRR 45932.380216
ISK 145.726682
JEP 0.841569
JMD 171.010267
JOD 0.774859
JPY 163.686789
KES 141.443895
KGS 95.827139
KHR 4383.609341
KMF 492.002727
KPW 983.505077
KRW 1586.271224
KWD 0.336582
KYD 0.908786
KZT 544.486377
LAK 23649.742466
LBP 97878.265938
LKR 323.68148
LRD 218.488158
LSL 19.79107
LTL 3.22695
LVL 0.661064
LYD 5.261899
MAD 10.527912
MDL 19.840171
MGA 5092.280503
MKD 61.556634
MMK 2293.969494
MNT 3799.99861
MOP 8.745669
MRU 43.414097
MUR 49.110246
MVR 16.878596
MWK 1894.260649
MXN 21.780333
MYR 4.856873
MZN 69.815806
NAD 19.79107
NGN 1684.224279
NIO 40.206127
NOK 11.550094
NPR 151.374886
NZD 1.880022
OMR 0.42071
PAB 1.092866
PEN 3.970385
PGK 4.492525
PHP 62.608837
PKR 306.137939
PLN 4.181567
PYG 8685.920422
QAR 3.977832
RON 4.977958
RSD 117.228218
RUB 90.391306
RWF 1553.26523
SAR 4.098215
SBD 9.304153
SCR 15.716351
SDG 656.705797
SEK 11.002606
SGD 1.455766
SHP 0.858821
SLE 24.950302
SLL 22916.861378
SOS 623.960746
SRD 39.797526
STD 22620.126235
SVC 9.562322
SYP 14209.314829
SZL 19.79107
THB 36.726124
TJS 11.911446
TMT 3.822571
TND 3.365523
TOP 2.631246
TRY 40.177339
TTD 7.420522
TWD 36.067779
TZS 2886.781963
UAH 45.424127
UGX 4006.503708
USD 1.092866
UYU 46.007851
UZS 14137.377729
VES 72.281398
VND 27921.98011
VUV 134.272294
WST 3.061198
XAF 656.003636
XAG 0.032096
XAU 0.000359
XCD 2.958714
XDR 0.818782
XOF 656.003636
XPF 119.331742
YER 269.47663
ZAR 19.842135
ZMK 9837.1058
ZMW 31.394819
ZWL 351.902508
  • RBGPF

    66.7000

    66.7

    +100%

  • RYCEF

    0.0400

    10.55

    +0.38%

  • CMSC

    -0.1100

    23.22

    -0.47%

  • AZN

    -0.3000

    77.07

    -0.39%

  • RIO

    0.6700

    64.14

    +1.04%

  • NGG

    -0.3300

    63.81

    -0.52%

  • VOD

    -0.0200

    9.84

    -0.2%

  • RELX

    -0.6100

    48.99

    -1.25%

  • BP

    0.4600

    34.22

    +1.34%

  • JRI

    -0.0200

    12.98

    -0.15%

  • BCC

    -0.6600

    99.34

    -0.66%

  • SCS

    -0.0800

    10.93

    -0.73%

  • BCE

    0.0800

    23.78

    +0.34%

  • BTI

    -0.5800

    41.26

    -1.41%

  • CMSD

    -0.1500

    23.39

    -0.64%

  • GSK

    0.1400

    40.39

    +0.35%

European stocks advance before German spending vote
European stocks advance before German spending vote / Photo: Tobias SCHWARZ - AFP

European stocks advance before German spending vote

European stocks rose on Tuesday as investors prepared for Germany's lawmakers to vote on a massive spending boost for defence and infrastructure, while escalating geopolitical fears supported commodities.

Text size:

Gold and oil prices climbed on fears of escalating tensions in the Middle East after Israel launched its most intense strikes on Gaza since a ceasefire with Hamas took effect.

A weaker US dollar and uncertainty ahead of a telephone call about Ukraine between US President Donald Trump and Russian leader Vladimir Putin also helped boost the safe-haven metal.

The Frankfurt stocks index advanced more than one percent as concerns grow over the United States' wavering committment to European defence.

"International investors, who have increasingly invested in German stocks over the past few months, are hopeful for a significant boost in fiscal policy," said Jochen Stanzl, chief market analyst at trading group CMC Markets.

Paris and London stock markets also advanced, as did the euro.

Investors are also eyeing this week's policy decisions from the Federal Reserve, Bank of Japan and Bank of England, with all three forecast to stand pat on interest rates.

"A 'wait and see' approach is expected as the Fed grapples with the tough task of evaluating the impact of Trump's tariff chaos," said Matt Britzman, senior equity analyst at Hargreaves Lansdown.

The US central bank's announcement comes also with updates to its outlook for the economy and interest rates this year, in light of Trump's trade measures as well as plans to slash taxes, immigration and federal jobs.

Asian markets rallied on Tuesday following another positive day on Wall Street stoked by US data that tempered concerns about a possible recession.

Hong Kong led gains thanks to further buying of Chinese tech firms including Alibaba, Tencent and JD.com.

Electric vehicle maker BYD was also a big winner, adding more than four percent -- having jumped more than six percent to a record at one point -- after unveiling battery technology it says can charge in five minutes.

Shanghai also rose, along with Tokyo.

Trading in Jakarta was halted as the market tanked more than seven precent -- its biggest intraday drop since 2011 -- on the worries about the Indonesian economy and weakening consumer spending heading into the Muslim Eid holiday period.

It later resumed and pared its losses to four percent

The bourse has plunged more than 10 percent so far this year as the economy struggles, and eyes are now on the country's central bank ahead of a policy decision due on Wednesday.

- Key figures around 1100 GMT -

London - FTSE 100: UP 0.4 percent at 8,712.02

Paris - CAC 40: UP 0.4 percent at 8,106.84

Frankfurt - DAX: UP 1.1 percent at 23,412.68

Tokyo - Nikkei 225: UP 1.2 percent at 37,845.42 (close)

Hong Kong - Hang Seng Index: UP 2.5 percent at 24,740.57 (close)

Shanghai - Composite: UP 0.1 percent at 3,429.76 (close)

New York - Dow: UP 0.9 percent at 41,841.63 (close)

Euro/dollar: UP at $1.0936 from $1.0925 on Monday

Pound/dollar: UNCHANGED at $1.2990

Dollar/yen: UP at 149.61 yen from 149.12 yen

Euro/pound: UP at 84.19 pence from 84.07 pence

Brent North Sea Crude: UP 1.3 percent at $71.97 per barrel

West Texas Intermediate: UP 1.4 percent at $68.50 per barrel

K.Okada--JT