European Shares Seen Opening Up As Traders Look To Fed Meeting

RTTNews | Před 505 dny

(RTTNews) - European stocks may open on a firm note Monday, though overall gains may remain capped somewhat as traders await the outcome of the highly anticipated Federal Reserve's policy meeting scheduled for April 30 to May 1.

Along with the Fed's monetary policy announcement, the monthly jobs report and other U.S. reports on manufacturing and service sector activity due this week may offer additional clues on the economic and rate outlook.

Asian stocks traded mostly higher in thin trade, with Japanese markets closed for a holiday.

The U.S. dollar was a shade softer, though the yen briefly hit ¥160 against the greenback on waning expectations for near-term rate increases from the Bank of Japan (BOJ).

BOJ chief Kazuo Ueda on Friday played down the immediate impact of the yen's recent sharp decline on prices, calling it negligible.

Chinese and Hong Kong shares traded higher despite data showing a slump in China's industrial profits in March.

Oil and gold prices fell in Asian trading as U.S. Secretary of State Antony Blinken arrived in Riyadh for talks on an elusive Israel-Hamas truce and hostage deal.

Destatis is set to release Germany's flash inflation figures for April later in the day. Consumer price inflation is seen at 2.3 percent, up from 2.2 percent in March.

The European Commission is scheduled to issue economic sentiment survey data for April. Economists forecast the euro area economic sentiment index to improve to 96.9 from 96.3 in March.

U.S. stocks rose sharply on Friday on the back of blowout earnings reports from technology heavyweights Alphabet and Microsoft as well as encouraging inflation data that contained no big surprises.

Data showed that inflation, as measured by the Personal Consumption Expenditures (PCE) price index, held steady at 0.3 percent in March, in line with expectations.

The index rose 2.7 percent year-on-year, above the estimate of 2.6 percent while the core PCE index came in at 2.8 percent versus expectations for a score of 2.7 percent.

The tech-heavy Nasdaq Composite surged 2 percent, the S&P 500 climbed 1 percent and the Dow edged up 0.4 percent.

European stocks closed on a firm note Friday after a dip in the previous session.

The pan European STOXX 600 rallied 1.1 percent. The German DAX jumped 1.4 percent, France's CAC 40 gained 0.9 percent and the U.K.'s FTSE 100 added 0.8 percent.

U.S. Industrial Production Unexpectedly Inches Slightly Higher In August

Industrial production in the U.S. unexpectedly edged slightly higher in the month of August, according to a report released by the Federal Reserve on Tuesday. The Fed said industrial production crept up by 0.1 percent in August after falling by a downwardly revised 0.4 percent in July. Economists had expected industrial production to slip by 0.1 percent.

RTTNews | Před 25 minutami

U.S. Import Prices Unexpectedly Increase In August

A report released by the Labor Department on Tuesday showed import prices in the U.S. unexpectedly increased in the month of August. The Labor Department said import prices rose by 0.3 percent in August after inching up by a downwardly revised 0.2 percent in July. Economists had expected import prices to edge down by 0.1 percent.

RTTNews | Před 42 minutami

Canadian Market Drifts Lower In Cautious Trade

The Canadian market is down in negative territory Tuesday morning, as data showing an increase in the nation's consumer price inflation dimmed the extent of rate cuts this year although the Canadian central bank is widely expected to lower interest rate by 25 basis points on Wednesday.

RTTNews | Před 1 h 8 min

U.S. Retail Sales Climb 0.6% In August, Much More Than Expected

The Commerce Department released a report on Tuesday showing retail sales in the U.S. rose by much more than expected in the month of August. The report said retail sales climbed by 0.6 percent in August, matching an upwardly revised increase in July. Economists had expected retail sales to inch up by 0.2 percent compared to the 0.5 percent growth originally reported for the previous month.

RTTNews | Před 2 h 8 min

U.S. Industrial Production Unexpectedly Inches Up 0.1% In August

Industrial production in the U.S. unexpectedly edged slightly higher in the month of August, according to a report released by the Federal Reserve on Tuesday.

RTTNews | Před 3 h 35 min

Eurozone Industrial Production Recovers In July

Eurozone industrial production recovered at a moderate pace in July due to the rebound in consumer and capital goods output despite tariff threats, official data showed Tuesday. Industrial production registered a monthly growth of 0.3 percent, in contrast to the 0.6 percent decrease in June, Eurostat reported. However, the rate was slightly weaker than the forecast of 0.4 percent.

RTTNews | Před 4 h 1 min

U.S. Import Prices Unexpectedly Rise 0.3% In August

A report released by the Labor Department on Tuesday showed import prices in the U.S. unexpectedly increased in the month of August.

RTTNews | Před 4 h 17 min

U.S. Retail Sales Climb Much More Than Expected In August

The Commerce Department released a report on Tuesday showing retail sales in the U.S. rose by much more than expected in the month of August.

RTTNews | Před 4 h 20 min

EURUSD	1.1868	GBPUSD	1.36621	AUDUSD	0.66854
USDJPY	146.384	USDCAD	1.37378	USDCHF	0.78634