European Shares Poised For Mixed Open As Year-end Approaches

RTTNews | Před 243 dny

(RTTNews) - European stocks are seen opening on a mixed note Monday as the year-end approaches.

This week ushers in a light period for economic data and corporate earnings, with regional and U.S. markets closed Wednesday in observance of New Year's Day.

The U.S. economic calendar remains light this week, with updates on housing prices and sales, as well as a reading on the manufacturing sector due.

U.S. stock futures dipped and Asian markets traded mostly lower amid rising global uncertainties and caution ahead of the year-end holiday season.

South Korea was hit with further political turmoil, with authorities requesting an arrest warrant for suspended President Yoon Suk-yeol over his short-lived declaration of martial law.

Meanwhile, the country's transport ministry said it was "reviewing plans to conduct a special inspection on (Boeing) B737-800 aircraft" after the crash.

The yen remained stronger against the dollar amid expectations the Bank of Japan will deliver an interest rate hike in January.

Oil and gold prices were seeing marginal gains in lackluster trade, heading into a holiday-shortened week.

U.S. stocks tumbled on Friday as yields on 10-Year Treasury Note rose to near 8-month high, prompting profit-taking across the board ahead of the new year and thwarting the seasonal Santa Claus rally.

The Dow shed 0.8 percent to snap a five-session winning streak but rose 1.4 percent for the week.

The S&P 500 and Nasdaq Composite fell 1.1 percent and 1.5 percent, respectively but ended up by more than 1.5 percent for the week.

European stocks closed on a firm note Friday as trading resumed after Christmas holidays.

The pan European STOXX 600 gained 0.7 percent, with banks surging after France's new premier Francois Bayrou said the delayed 2025 budget bill will target a deficit of slightly above 5 percent in order to protect growth.

The German DAX added 0.7 percent, France's CAC 40 rallied 1 percent and the U.K.'s FTSE 100 rose 0.2 percent.

U.S. Dollar Falls Against Most Majors

The U.S. dollar weakened against its most major counterparts in the New York session on Friday.

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Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.

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Despite weak GDP data, the Canadian market is up firmly in positive territory Friday afternoon with stocks from materials and healthcare sectors contributing significantly to the gains.

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Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.

RTTNews | Před 20 h 40 min

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.

RTTNews | Před 21 h 9 min

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.

RTTNews | Před 23 h 53 min

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.

RTTNews | Před 1 dnem

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.

RTTNews | Před 1 dnem

EURUSD	1.1684	GBPUSD	1.34987	AUDUSD	0.6538
USDJPY	147.04	USDCAD	1.3741	USDCHF	0.80047