European Shares To Open On Steady Note Ahead Of Fed Powell's Speech

RTTNews | Před 838 dny

(RTTNews) - European stocks are seen opening on a steady note Friday amid hopes that the United States could soon reach debt ceiling deal to avoid a default.

U.S. Vice President Kamala Harris and Biden's top economic adviser, Lael Brainard, said a debt default could trigger a recession.

Traders will also react to comments from Fed officials on interest rates staying high.

Dallas Federal Reserve Bank President Lorie Logan said current data doesn't justify pausing rate hikes yet.

St. Louis Fed President James Bullard reaffirmed his support for lifting interest rates further as an "insurance" policy against inflation.

Fed Governor and vice chair nominee Philip Jefferson said that progress on inflation is slowing, but it is still too early for the full impact of the interest rates over the past year to be fully felt.

Fed Chair Jerome Powell, ECB President Christine Lagarde and New York Fed's John Williams are scheduled to speak later today.

Asian markets were mostly higher despite concerns that China's economic recovery is losing steam. Oil and gold traded higher even as the dollar index stood near a two-month high.

U.S. stocks closed higher for a second straight day on Thursday, with Walmart's strong earnings and optimism that lawmakers will eventually reach an agreement on raising the U.S. debt ceiling helping underpin sentiment.

Traders also reacted to mixed readings on existing home sales, regional manufacturing activity and weekly jobless claims.

The S&P 500 gained 0.9 percent and the tech-heavy Nasdaq Composite jumped 1.5 percent to reach their best closing levels in about nine months while the Dow added 0.3 percent.

European stocks closed higher on Thursday amid U.S. debt ceiling optimism and comments from ECB Vice President Luis de Guindos that most of the tightening has already been done.

The pan European STOXX 600 gained 0.4 percent. The German DAX rallied 1.3 percent, France's CAC 40 rose 0.6 percent and the U.K.'s FTSE 100 edged up 0.3 percent.

Australia Trade Data Due On Thursday

Australia will on Thursday release August numbers for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity. In July, imports were down 3.1 percent on month and exports rose 6.0 percent for a trade surplus of A$5.365 billion.

RTTNews | Před 54 minutami

U.S. Dollar Falls After Weak Job Openings Data

The U.S. dollar weakened against its major counterparts in the New York session on Wednesday, following the release of weak job openings data for July.

RTTNews | Před 1 h 1 min

Swiss Market Closes On Bright Note

The Switzerland market closed on a bright note on Wednesday after holding firm right through the day's trading session thanks to sustained buying at several counters from across various sectors.

RTTNews | Před 4 h 53 min

European Stocks Close Higher On Bargain Hunting, Fairly Positive Economic Data

European stocks closed broadly higher on Wednesday as slightly encouraging data on private sector activity in the region aided sentiment. Bargain hunting at several counters after Tuesday's decline helped as well in pushing up prices.

RTTNews | Před 5 h 17 min

Consumer Staples, Materials Stocks Rise As TSX Hits New Record High

The Canadian market is up in positive territory a little past noon on Wednesday, thanks to strong gains in consumer staples, materials and technology sectors. Energy and healthcare stocks are weak, while shares from rest of the sectors are turning in a mixed performance.

RTTNews | Před 6 h 10 min

U.S. Job Openings Fall To Ten-Month Low In July

Job openings in the U.S. fell to their lowest level in ten months in July, according to a report released by the Labor Department on Wednesday. The Labor Department said job openings dipped to 7.181 million in July after tumbling to a downwardly revised 7.357 million in June.

RTTNews | Před 7 h 22 min

U.S. Factory Orders Slump Roughly In Line With Estimates In July

A report released by the Commerce Department on Wednesday showed an extended slump by new orders for U.S. manufactured goods in the month of July. The Commerce Department said factory orders fell by 1.3 percent in July after plunging by 4.8 percent in June. Economists had expected factory orders to decrease by 1.4 percent.

RTTNews | Před 8 h 29 min

Eurozone Private Sector Growth At 1-Year High

The euro area private sector expanded at the fastest pace in a year in August but the overall pace was sluggish as the service sector held back growth, final survey data from S&P Global showed on Wednesday. The HCOB composite output index rose to 51.0 in August from 50.9 in July. The score was slightly below the initial estimate of 51.1.

RTTNews | Před 9 h 44 min

EURUSD	1.16599	GBPUSD	1.34388	AUDUSD	0.65408
USDJPY	148.06	USDCAD	1.37937	USDCHF	0.80387