European Shares Seen Tad Higher As China GDP Beats Expectations

RTTNews | vor 680 Tagen

(RTTNews) - European stocks may open flat to slightly higher on Wednesday as investors ponder over risks stemming from the Israel-Hamas conflict and react to improved China data. Ahead of U.S. President Joe Biden's Middle East trip, Hamas and Israel traded accusations regarding the deadly blast at a hospital in Gaza City that killed 500 people and invited widespread international condemnation.

On the 12th day of the war, Israeli Prime Minister appeared to be blaming the "evil axis of Hamas, Hezbollah and Iran" for the October 7 attacks on his country.

Most Asian markets reversed early losses after China's GDP growth for the third quarter beat estimates.

China's economic growth slowed to 4.9 percent year-on-year in the July-September period, down from 6.3 percent in the previous quarter but better than forecasts for 4.4 percent growth.

The readings on retail sales and industrial output for September also surprised on the upside, suggesting that Beijing's stimulus measures to prop up banking and property sectors are gaining traction.

The yen jumped briefly before after the Bank of Japan announced an unscheduled bond purchase operation.

The dollar index remained on the back foot despite a surge in U.S. Treasury yields on concerns the Federal Reserve will keep interest rates higher for longer and might even announce a hike in rates this year.

Gold rose about 1 percent to hover near one-month highs and crude jumped nearly 2 percent amid heightened tensions in the Middle East.

The European economic calendar remains light, with consumer and producer prices from the U.K. and EU harmonized CPI data due later in the day.

U.S. stocks ended mixed overnight while Treasury yields rose as encouraging retail sales and industrial production data along with better-than-expected earnings from Bank of America and Goldman Sachs revived Fed rate hike fears.

The Dow inched up marginally, while the S&P 500 ended flat with a negative bias and the tech-heavy Nasdaq Composite dropped 0.3 percent.

European stocks ended little changed on Tuesday as investors reacted to a slew of downbeat earnings reports and higher bond yields.

The pan European STOXX 600 slipped marginally. The German DAX and France's CAC 40 both ended flat with a positive bias while the U.K.'s FTSE 100 rose 0.6 percent on favourable labour market data.

European Shares Seen Higher At Open

European stocks are seen opening broadly higher on Thursday even as Nvidia's disappointing sales forecast raised concerns about the AI spending boom.

RTTNews | vor 1Std 12 Minuten

Sensex Nifty Decline On Tariff Worries

Indian shares opened on a sluggish note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect, impacting trade worth billions of dollars and risking Washington-New Delhi ties.

RTTNews | vor 2Std 5 Minuten

European Economic News Preview: Eurozone Economic Sentiment Data Due

Economic confidence and monetary aggregates from the euro area and flash GDP from Switzerland are the top economic news due on Thursday. At 3.00 am ET, the State Secretariat for Economic Affairs is slated to release Swiss GDP data for the second quarter. The economy is expected to grow 0.1 percent sequentially after rising 0.5 percent in the first quarter.

RTTNews | vor 2Std 6 Minuten

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.

RTTNews | vor 3Std 32 Minuten

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.

RTTNews | vor 3Std 47 Minuten

Sensex, Nifty Set To Open Lower As New U.S. Tariffs Take Effect

Indian shares may open on a weak note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect on Wednesday.

RTTNews | vor 4Std 17 Minuten

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.

RTTNews | vor 4Std 29 Minuten

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.

RTTNews | vor 4Std 37 Minuten

EURUSD	1.16403	GBPUSD	1.35037	AUDUSD	0.65098
USDJPY	147.299	USDCAD	1.37839	USDCHF	0.80172