European Shares Set For Mixed Open On Interest-rate Worries

RTTNews | 1282 dias atrás

(RTTNews) - European stocks are seen opening on a mixed note Monday as investors react to central banks' hawkish rhetoric and concerns over a global economic slowdown.

Meanwhile, French President Emmanuel Macron's centrist grouping has lost its absolute majority in parliament, raising concerns over Macron's ability to pursue further reform of the euro zone's second biggest economy.

Gold edged lower and London copper prices fell to an eight-and-a-half month low, weighed down by a strong dollar after Federal Reserve Governor Christopher Waller on Saturday said he would support another 75-basis-point rate increase at the central bank's July meeting.

Separately, Cleveland Fed chief Loretta Mester said that it would take two years for inflation to fall to the central bank's two percent target.

Fed Chair Jerome Powell will testify to the House on Wednesday and Thursday, with analysts expecting him to reiterate his commitment to fight inflation with aggressive rate hikes if needed.

U.S. Treasury Secretary Janet Yellen on Sunday said she expects the economy to slow, but she doesn't think a recession is at all inevitable.

Asian markets traded lower, with Chinese shares bucking the weak trend after the People's Bank of China held its benchmark rates unchanged.

Investors were also reacting to reports that the White House is considering removing some tariffs on China and a possible pause on the federal gas tax to fight inflation.

U.S. stocks ended a volatile session mixed on Friday, suffering their biggest weekly percentage decline in two years.

The tech-heavy Nasdaq Composite climbed 1.4 percent and the S&P 500 edged up 0.2 percent as four types of futures and options contracts expired.

The Dow slipped 0.1 percent to close at its lowest level since December 2020 as disappointing reports on industrial production and leading economic indicators added to signs of economic slowdown.

European stocks also ended mixed on Friday after data showed Eurozone inflation accelerated to a fresh record high in May.

The pan European Stoxx 600 ended little changed with a positive bias. The German DAX rose 0.7 percent, while France's CAC 40 index finished marginally lower and the U.K.'s FTSE 100 dipped 0.4 percent.

Australian Market Sharply Extends Early Gains In Mid-market

The Australian stock market is sharply expending the early gains in mid-market trading on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,750 level, with gains across most sectors led by financial and technology stocks.

RTTNews | 1h 53min atrás

Indian Shares Look Headed For Another Positive Start

It's likely to be a firm start for Indian shares on Tuesday with investors set to track positive cues from Wall Street and Asian markets. A drop in oil prices is also likely to aid sentiment.

RTTNews | 2h 2min atrás

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as the markets extend their gains boosted continued strength among technology stocks. Major currencies in the region also strengthened against the US dollar. Asian markets closed mostly higher on Monday.

RTTNews | 2h 5min atrás

Canadian Dollar Rises Against U.S. Dollar

The Canadian dollar advanced against the U.S. dollar in the New York session on Monday.

RTTNews | 3h 27min atrás

Hong Kong Stock Market Tipped To Open In The Green

The Hong Kong stock market has moved higher in four straight sessions, collecting more than 560 points or 2.2 percent in that span. The Hang Seng Index now sits just above the 25,800-point plateau and it may see additional support on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 4h 3min atrás

Japanese Market Slightly Higher

The Japanese stock market is trading slightly higher on Tuesday, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 50,400 level, with gains in exporters and financial stocks partially offset by weakness in index heavyweights and technology stocks.

RTTNews | 4h 8min atrás

Win Streak May Continue For China Stock Market

The China stock market has moved higher in four straight sessions, advancing more than 90 points or 2.3 percent along the way. The Shanghai Composite Index now sits just beneath the 3,920-point plateau and it has a solid lead for Tuesday's trade. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 4h 18min atrás

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,700 level, with a mixed performance across most sectors ahead of the release of The Reserve Bank of Australia's minutes of the latest monetary policy meeting.

RTTNews | 4h 27min atrás

EURUSD	1.17766	GBPUSD	1.34895	AUDUSD	0.66688
USDJPY	156.051	USDCAD	1.3735	USDCHF	0.78955