European Shares Set For A Soft Start Ahead Of PMI Data

RTTNews | Před 672 dny

(RTTNews) - European stocks may open a tad lower on Tuesday as investors await the latest business activity data from the region for directional cues.

Flash Purchasing Managers' survey results from the euro area and unemployment data from the U.K. are awaited later in the day.

Asian markets hovered near 11-month lows, cutting early losses as Israel held off on a ground assault in the Hamas-controlled Gaza Strip.

Japan's business activity contracted in October and Australia's business activity fell to a 21-month low in the month, while South Korea's producer price index rose for the third straight month in September due to higher prices for oil products and electricity, regional reports showed.

Chinese markets were seeing modest gains after Central Huijin Investment Co, a Chinese sovereign fund, said it purchased some exchange-traded funds (ETF) this week to support local stock markets.

Meanwhile, China launched an investigation into Taiwan-based iPhone-maker Foxconn, Apple Inc.'s most important partner - shaking the confidence of foreign companies in the country.

Oil prices were up around half a percent in Asian trade after suffering heavy losses on Monday.

The dollar softened against a basket of currencies and gold edged up as investors await key U.S. economic data this week and next week's Federal Reserve's monetary policy meeting.

This week's U.S. economic calendar includes reports on new home sales, durable goods orders, pending home sales, initial jobless claims and third-quarter GDP.

The Commerce Department is due to release its report on personal income and spending this week, which includes readings on inflation said to be preferred by the Federal Reserve.

The U.S. earnings season continues to pick up steam this week, with bit tech companies due to report their quarterly results.

The European Central Bank is holding its penultimate meeting for 2023 in Athens on Thursday, a week before the Fed gathering.

U.S. stocks ended a choppy session mixed overnight as the yield on the benchmark ten-year note eased after briefly peaking above the key 5 percent level amid a surge in government debt and supply of bonds.

The Dow dropped 0.6 percent and the S&P 500 slid 0.2 percent to reach over four-month lows while the tech-heavy Nasdaq Composite rose 0.3 percent.

European stocks recovered from a weak start to end mixed on Monday as investors fretted about Middle East tensions and the prospect of higher-for-longer interest rates.

The pan European STOXX 600 inched down 0.1 percent. The German DAX finished marginally higher and France's CAC 40 edged up half a percent while the U.K.'s FTSE 100 eased 0.4 percent.

European Shares Poised For Weak Start As Fed Rate Cut Hopes Fade

European stocks may drift lower on Tuesday as investors fret about Fed independence and await Nvidia earnings due Wednesday for guidance and signs the AI market remains robust.

RTTNews | Před 28 minutami

Sensex, Nifty Deep In The Red On Tariff Worries

Indian shares opened on a sluggish note on Tuesday after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.

RTTNews | Před 1 h 17 min

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.

RTTNews | Před 2 h 30 min

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.

RTTNews | Před 2 h 51 min

Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

RTTNews | Před 3 h 22 min

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | Před 4 h 2 min

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | Před 4 h 30 min

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to 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 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | Před 4 h 32 min

EURUSD	1.16382	GBPUSD	1.34629	AUDUSD	0.64804
USDJPY	147.726	USDCAD	1.38533	USDCHF	0.8053