European Shares Set To Fall After Trump's New Tariff Threats

RTTNews | vor 260 Tagen

(RTTNews) - European stocks are likely to open lower on Tuesday after U.S. President-elect Donald Trump said on his Truth Social network that he would impose an additional 10 percent tariff on goods from China and 25 percent on all products from Mexico and Canada.

This measure was to cut down migrants and illegal drugs flowing across U.S. borders at levels never seen before, he said.

Asian stocks were mostly lower, with Chinese and Hong Kong markets bucking the weak trend. Japan's Nikkei was down nearly 1.5 percent as exporters were hit by a stronger yen.

The dollar rebounded strongly after Trump's tariff threat, and gold was little changed above $2,600 per ounce, while oil prices recovered some ground, after having fallen nearly 3 percent in the U.S. trading session overnight as Israel said that it had edged closer to a ceasefire agreement with Hezbollah.

In economic releases, trading later in the day may be impacted by reaction to U.S. reports on new home sales and consumer confidence as well as the minutes of the latest Fed meeting.

Investors also eagerly await Wednesday's report on personal income and spending, which includes the Federal Reserve's preferred inflation readings.

According to forecasts, inflation as measured by Personal Consumption Expenditures likely reaccelerated in October.

U.S. markets are closed Thursday due to the Thanksgiving holiday and close early on Friday.

Overnight, U.S. stocks closed higher as bond yields fell on news that President-elect Donald Trump intends to nominate billionaire hedge fund manager Scott Bessent as Treasury Secretary.

The Dow Jones Industrial Average rallied 1 percent to extend gains for a fourth straight session and reach a new record closing high.

The S&P 500 added 0.3 percent to extend its winning streak to six sessions and the tech-heavy Nasdaq Composite also rose 0.3 percent.

European stocks also closed on a firm note Monday as bond yields fell in reaction to Trump's Treasury Secretary pick. The pan-European STOXX 600 ended flat with a positive bias.

The German DAX and the U.K.'s FTSE 100 both rose around 0.4 percent, while France's CAC 40 finished marginally higher.

European Shares Seen Up On Fed Rate Cut Hopes

European stocks are seen opening higher on Wednesday as July U.S. CPI inflation data suggested little impact from President Trump's tariffs, reinforcing bets the Federal Reserve will cut interest rates to support a cooling labor market.

RTTNews | vor 2Std 13 Minuten

Sensex, Nifty Modestly Higher In Early Trade

Indian shares opened on a firm note Wednesday after official data showed India's consumer price inflation eased more-than-expected in July to the lowest level in just over eight years, bringing inflation below RBI's tolerance band and raising prospects of another interest rate cut.

RTTNews | vor 3Std 12 Minuten

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Wednesday, reversing the gains in the previous two sessions, with the benchmark S&P/ASX 200 falling well below the 8,850 level, despite the broadly positive cues from Wall Street overnight, with weakness in energy and financial stocks partially offset by gains in mining and technology stocks.

RTTNews | vor 4Std 26 Minuten

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, boosted by Hong Kong and Japanese markets amid improved outlook for interest rates after US consumer price inflation for July came in line with expectations. The U.S. and China also confirmed a 90-day extension of their trade truce. Asian markets closed mixed on Tuesday.

RTTNews | vor 4Std 37 Minuten

Sensex, Nifty Set For Positive Open As Retail Inflation Hits 8-year Low

Indian shares look set to open on a positive note Wednesday after official data showed India's consumer price inflation eased more-than-expected in July to the lowest level in just over eight years amid a continued fall in food prices.

RTTNews | vor 5Std 13 Minuten

Rebound Anticipated For Thai Stock Market

Ahead of the long holiday weekend for Queen Sirikit's birthday, the Thai stock market had ended the four-day winning streak in which it had surged almost 50 points or 4.1 percent. The Stock Exchange of Thailand now sits just beneath the 1,260-point plateau although it's expected to bounce higher again on Wednesday.

RTTNews | vor 5Std 45 Minuten

Japanese Market Sharply Higher

The Japanese stock market is sharply higher on Wednesday, extending the gains in the previous six sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving a tad above the 43,300 level to fresh record all-time highs, with gains across all sectors led by exporters and financial stocks.

RTTNews | vor 6Std 3 Minuten

Indonesia Bourse May Test Resistance At 7,800 Points

The Indonesia stock market has tracked higher in three straight sessions, improving more than 300 points or 4 percent along the way. The Jakarta Composite Index now sits just above the 7,790-point plateau and it may at least open higher again on Wednesday.

RTTNews | vor 6Std 15 Minuten

EURUSD	1.17074	GBPUSD	1.35454	AUDUSD	0.65515
USDJPY	147.493	USDCAD	1.37579	USDCHF	0.804