European Stocks Brace For A Cautious Opening On Wednesday

RTTNews | Před 911 dny
European Stocks Brace For A Cautious Opening On Wednesday

(RTTNews) - European stock markets are likely to open cautious on Wednesday amidst a more-than-expected decline in headline inflation in the U.S. and impending central bank decisions. Annual CPI in the U.S. dropped to 7.1 percent, versus 7.7 percent in the previous month and expectations of 7.3 percent. The euphoria over declining inflation is however expected to be mellowed by the anxiety ahead of the interest rate decisions due on Wednesday by the Fed and on Thursday by Bank of England and European Central Bank.

The positive inflation surprise lifted the Wall Street higher on Tuesday, with the Nasdaq Composite rallying 1.01 percent to close at 11,256.81 and the Dow Jones Industrial Average adding 0.3 percent to finish trading at 34,108.64.

The positive sentiment reverberated in the European markets too and by close of trading on Tuesday, France's CAC 40 rallied 1.42 percent, Germany's DAX gained 1.34 percent, the pan-European Stoxx 600 added 1.3 percent, Switzerland's SMI advanced 0.93 percent and U.K.'s FTSE 100 strengthened 0.76 percent.

Indications from the European stock futures however portend a weak opening on Wednesday. The FTSE 100 Futures (Mar) is currently trading 0.01 percent higher. The DAX Futures (Dec) is currently trading 0.05 percent lower. The CAC 40 Futures (Jan) had closed 1.19 percent higher on Tuesday.

American stock futures indicate markets extending gains. The US 30 (DJIA) index and the US500 (S&P 500) are both up 0.3 percent.

Asian stock markets are trading in the green zone amidst widespread relief over the easing in CPI numbers in the U.S. South Korea's KOSPI is trading 1.03 percent higher. Hong Kong's Hang Seng has rallied 0.95 percent. Japan's Nikkei 225 has gained 0.75 percent. Australia's S&P ASX 200 added 0.67 percent. India's Nifty 50 and China's Shanghai Composite are trading 0.3 percent higher. New Zealand's NZX 50 has however dropped 0.14 percent.

Amidst caution ahead of the Fed policy, the Dollar and the Dollar Index (DXY) - a measure of the Dollar's strength relative to six currencies - have increased from the flatline. DXY is currently at 104.08, gaining 0.09 percent. The EUR/USD pair edged down to 1.0627 whereas the GBP/USD pair edged lower to 1.2358.

Amidst the Dollar's mild rally, Gold Futures for February settlement has edged down 0.25 percent to trade at $1,820.85 per troy ounce.

The surprise build in crude oil inventories in the U.S. dragged both the crude oil benchmarks lower. WTI Crude Futures for January settlement has decreased 0.4 percent to $75.08, whereas Brent Crude Futures for February settlement has fallen 0.5 percent to $80.31.

U.K. awaits inflation readings for the month of November. Headline inflation is seen falling to 10.9 percent from 11.1 percent earlier whereas Core inflation is seen steady at 6.5 percent. Industrial production data from the Euro Area is expected to show a decline of 1.5 percent versus growth of 0.9 percent in the previous month.

Earnings updates are due from Metro Wholesale and Food Specialist, Watches of Switzerland Group and IntegraFin Holdings.

read more
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, snapping a four-session winning streak, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 38,200 level, with weakness across most sectors led by automakers, exporters and technology stocks. Financial stocks are the only bright spot.
RTTNews | Před 18 minutami
Indonesia Bourse May Extend Wednesday's Losses

Indonesia Bourse May Extend Wednesday's Losses

The Indonesia stock market on Wednesday ended the three-day winning streak in which it had gained almost 190 points or 2.7 percent. The Jakarta Composite Index now rests just above the 7,220-point plateau and the losses may accelerate on Thursday.
RTTNews | Před 27 minutami
Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian market is trading slightly higher on Thursday, extending the gains in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving a tad above the 8,600 level, with gains in gold miners and eergy partially offset by weakness in iron ore miners.
RTTNews | Před 39 minutami
Hong Kong Bourse May Hand Back Wednesday's Gains

Hong Kong Bourse May Hand Back Wednesday's Gains

The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,360-point plateau and it's likely to remain rangebound on Thursday.
RTTNews | Před 42 minutami
Lower Open Anticipated For Taiwan Stock Market

Lower Open Anticipated For Taiwan Stock Market

The Taiwan stock market has moved higher in three straight sessions, accelerating more than 810 points or 3.6 percent along the way. The Taiwan Stock Exchange now sits just above the 22,470-point plateau although it's expected to open under water on Thursday.
RTTNews | Před 1 h 27 min
Continued Consolidation Called For Singapore Shares

Continued Consolidation Called For Singapore Shares

The Singapore stock market has moved lower in two straight sessions, sinking more than 15 points or 0.4 percent along the way. The Straits Times Index now sits just beneath the 3,920-point plateau and it may take further damage on Thursday.
RTTNews | Před 1 h 57 min
Renewed Selling Pressure Expected For Malaysia Shares

Renewed Selling Pressure Expected For Malaysia Shares

The Malaysia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had gained almost 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,525-point plateau and it's likely to head south again on Thursday.
RTTNews | Před 2 h 27 min
Japan Stock Market May Run Out Of Steam On Thursday

Japan Stock Market May Run Out Of Steam On Thursday

The Japan stock market has finished higher in four straight sessions, climbing more than 860 points or 2.5 percent along the way. The Nikkei 225 now sits just above the 38,420-point plateau although it's due for consolidation on Thursday.
RTTNews | Před 2 h 42 min