European Shares Seen Mixed As Focus Shifts To Central Bank Meetings

RTTNews | Před 1073 dny
European Shares Seen Mixed As Focus Shifts To Central Bank Meetings

(RTTNews) - European stocks look set to open on a mixed note Monday as focus shifts to the Federal Reserve's two-day policy meeting, which will begin Tuesday.

The Fed is widely expected to raise interest rates by another 75 basis points, although some see an outside chance for a 100-basis point rate hike.

Asian stocks were subdued, with Japanese markets closed for a holiday.

This week is littered with 13 central bank meetings, with the BOJ, SNB and BOE all lined up.

The People's Bank of China cut its 14-day reverse repo rates today and stepped up cash injections to counteract higher demand towards the quarter-end.

The dollar was off its 20-year peak as more ECB officials warned about interest-rate rises. Gold prices edged lower while oil prices rose as the Chinese megacity of Chengdu exited a two-week lockdown.

U.S. stocks fell on Friday to hit two-month lows as a profit warning from global delivery bellwether FedEx heightened fears of a recession.

The Dow shed half a percent, the tech-heavy Nasdaq Composite gave up 0.9 percent and the S&P 500 declined 0.7 percent.

European stocks tumbled on Friday as the IMF and the World Bank flagged recession risks.

The pan European Stoxx 600 lost 1.6 percent. The German DAX fell 1.7 percent, France's CAC 40 index dropped 1.3 percent and the U.K.'s FTSE 100 dipped 0.6 percent.

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European Economic News Preview: German GfK Consumer Confidence Due

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Asian Markets Mixed In Cautious Trades

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Mild Upside Seen For Thai Stock Market

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The Thai stock market on Tuesday ended the two-day winnings streak in which it had picked up almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it figures to move back to the upside again on Wednesday.
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Japanese Market Slightly Lower

Japanese Market Slightly Lower

The Japanese stock market is slightly lower in choppy trading on Wednesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is staying below the 42,400 level, with a mixed performance across all sectors.
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Indonesia Shares May Reverse Tuesday's Losses

Indonesia Shares May Reverse Tuesday's Losses

The Indonesia stock market headed south again on Tuesday, one day after snapping the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,900-point plateau although it's looking to bounce higher again on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.
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Australian Market Modestly Higher

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains in mining and financial stocks.
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Hong Kong Shares Expected To Open To The Upside

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The Hong Kong stock market on Tuesday ended the two-day winning streak in which it had advanced more than 825 points or 3.4 percent. The Hang Seng Index now rests just above the 25,520-point plateau although it may find renewed support on Wednesday.
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