European Shares Seen Tad Lower On US Debt Ceiling Worries

RTTNews | Před 847 dny

(RTTNews) - European stocks may open slightly lower on Wednesday as investors parse the latest Fed officials' comments and await news on the U.S. debt ceiling negotiations.

Cleveland Fed President Loretta Mester said on Tuesday that she doesn't think the central bank can hold interest rates steady yet.

However, comments from Chicago Fed President Austan Goolsbee and Atlanta Fed President Raphael Bostic suggested they were leaning toward holding interest rates steady at the central bank's June 13-14 meeting.

Dallas Fed President Lorie Logan noted that a slower pace of tightening doesn't diminish commitment to achieving inflation goals.

New York Fed President John Williams indicated he was comfortable with current market expectations of no increase at the June meeting.

Asian markets traded mostly lower even as U.S. debt limit talks shifted into an encouraging phase.

President Joe Biden cut short his planned Asia trip to return to Washington and House Speaker Kevin McCarthy offered a somewhat upbeat assessment on the second round of debt-ceiling talks, suggesting that an agreement is possible by the end of the week. The dollar edged up slightly while China's offshore yuan weakened past 7 per dollar for the first time in five months on signs that China's post-COVID recovery is losing steam.

Gold edged up slightly while oil prices fell slightly to extend overnight losses after data showed an unexpected build in U.S. crude stocks.

U.S. stocks ended lower overnight, with a disappointing forecast from Home Depot, mixed economic data and worries over the debt ceiling impasse keeping investors nervous.

Separate reports showed weaker than expected retail sales growth and an unexpected increase in industrial production.

The Dow fell 1 percent as the treasury department warned that it could run out of cash as soon as 1 June without a deal. The S&P 500 gave up 0.6 percent and the tech-heavy Nasdaq Composite slid 0.2 percent.

European stocks closed lower on Tuesday as investors digested mixed Chinese and Eurozone data and awaited progress in U.S. debt limit talks.

The pan European STOXX 600 dropped 0.4 percent. The German DAX slipped 0.1 percent, France's CAC 40 eased 0.2 percent and the U.K.'s FTSE 100 shed 0.3 percent.

Swiss Franc Falls Against Majors

The Swiss franc dropped against its major counterparts in the New York session on Wednesday.

RTTNews | Před 1 h 13 min

Swiss Market Ends Moderately Lower

After a brief spell in positive territory early on in the session on Wednesday, the Switzerland market turned a bit easy and moved along the flat line till around mid afternoon before losing ground to eventually close on a negative note.

RTTNews | Před 4 h 2 min

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Wednesday as investors digested data showing a modest drop in U.S. producer prices in the month of August, and continued to assess the developments on the trade front. Some of the major markets started off on a firm note, but failed to sustain at higher levels.

RTTNews | Před 4 h 32 min

U.S. Wholesale Inventories Inch Up 0.1% In July, Slightly Less Than Expected

Wholesale inventories in the U.S. increased slightly less than expected in the month of July, according to a report released by the Commerce Department on Wednesday. The Commerce Department said wholesale inventories crept up by 0.1 percent in July after rising by an upwardly revised 0.2 percent in June.

RTTNews | Před 7 h 45 min

U.S. Producer Prices Unexpectedly Edge Slightly Lower In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by U.S. producer prices in month of August. The Labor Department said its producer price index for final demand edged down by 0.1 percent in August after climbing by a downwardly revised 0.7 percent in July.

RTTNews | Před 8 h 7 min

U.S. Producer Prices Unexpectedly Edge Down 0.1% In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by producer prices in the U.S. in the month of August.

RTTNews | Před 9 h 26 min

Bay Street Seen Opening Higher

Canadian stocks are likely to open higher on Wednesday, tracking firm oil and metal prices. The mood may change a bit cautious at higher levels with investors looking ahead to the crucial U.S. inflation data, due later in the week.

RTTNews | Před 9 h 35 min

Major European Markets In Positive Territory In Cautious Trade

The major European markets are up in positive territory on Wednesday with investors picking up stocks amid continued optimism about a sharp rate cut by the Federal Reserve following recent weak labor market data. Easing concerns on the trade front also contribute to the positive sentiment in the markets.

RTTNews | Před 10 h 8 min

EURUSD	1.16997	GBPUSD	1.35323	AUDUSD	0.66143
USDJPY	147.404	USDCAD	1.38616	USDCHF	0.79889