European Benchmarks Seen Positive At Open

RTTNews | hace 861

(RTTNews) - Markets in Europe are expected to open on a positive note on Monday amidst hawkish comments from Fed officials and pending economic data releases from China. Earnings updates from the corporate sector are expected to further sway sentiment.

Wall Street had closed on a negative note on Friday as a strong set of earnings and an unexpected rise in consumer sentiment triggered fears of further rate hikes by the Fed. The Nasdaq Composite shed 0.35 percent to close at 12,123.46 whereas the Dow Jones Industrial Average lost 0.42 percent to finish trading at 33,886.47.

Sentiment was however positive at the European bourses amidst positive earnings updates from the region as well as the U.S. Markets in the region closed higher on Friday led by Switzerland's SMI that added 0.75 percent. The pan-European Stoxx-600 gained 0.58 percent. France's CAC 40 added 0.52 percent whereas Germany's DAX had strengthened 0.50 percent. Gains in U.K.'s FTSE 100 were more modest at 0.36 percent. Current indications from the European stock futures imply a positive sentiment at play. The DAX Futures (Jun) is currently trading 0.06 percent higher. The FTSE 100 Futures (Jun) is currently trading 0.09 percent higher. The SMI Futures (Jun) had closed 0.82 percent higher on Friday. The CAC 40 Futures (May) had closed 0.19 percent higher, and the pan-European Stoxx 50 Futures (Jun) had closed 0.12 percent higher on Friday.

American stock futures are trading in mildly positive territory. The US 30 (DJIA) is up 0.15 percent whereas the US500 (S&P 500) is 0.17 percent higher.

Asian stock markets are trading mixed ahead of release of key economic data from China. China's Shanghai Composite has rallied close to a percent after People's Bank of China held rates steady. Hong Kong's Hang Seng has also added 0.62 percent. Australia's S&P ASX 200 has added 0.16 percent whereas New Zealand's NZX 50 has gained 0.15 percent. Japan's Nikkei 225 has edged up 0.02 percent. South Korea's KOSPI has edged 0.04 percent lower. India's Nifty 50 has however shed more than a percent. The Dollar Index (DXY), a measure of the Dollar's strength relative to six currencies, rebounded from one-year-lows amidst strong earnings updates in the U.S. and renewed rate hike fears. DXY has increased to 101.64, up 0.09 percent on an overnight basis. The EUR/USD pair has decreased 0.12 percent to 1.0987 whereas the GBP/USD pair has lost 0.02 percent to trade at 1.2411.

Gold Futures for June settlement are trading almost flat at $2,017.25 per troy ounce. The previous close was at $2,015.8.

Crude prices hovered close to the flatline amidst renewed rate hike fears from the Fed and anxiety ahead of release of GDP and other economic data from China. Brent Crude Futures for June settlement has increased 0.14 percent to $86.43 whereas WTI Crude Futures for June settlement has increased 0.12 percent to $82.53.

No major economic data releases are scheduled for the day from the region. However, speeches by several ECB officials including President Lagarde would be keenly watched. Also, Sir Jon Cunliffe of the Bank of England would be delivering the keynote speech at the Innovate Finance Global Summit on Monday.

Major earnings updates due from the region on Monday are Exor, Fonciere Lyonnaise, Luzerner Kantonalbank, Sulzer, Virbac, Bossard Holding, Playtech and Ashmore Group.

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure 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 | hace 17 minutos

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | hace 19 minutos

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.

RTTNews | hace 32 minutos

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 24,275-point plateau although it's expected to open to the downside 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. For the day, the index surged 512.91 points or 2.16 points to finish at 24,277.38 after trading between 24,108.75 and 24,362.02. Among the actives, Mega Financial and United Microelectronics Corporation both eased 0.12 percent, while Fubon Financial jumped 1.93 percent, E Sun Financial and Formosa Plastics both sank 0.74 percent, Taiwan Semiconductor Manufacturing Company accelerated 3.08 percent, Hon Hai Precision rallied 2.47 percent, Largan Precision added 0.42 percent, MediaTek soared 3.30 percent, Novatek Microelectronics climbed 1.18 percent, Nan Ya Plastics surged 3.53 percent, Asia Cement gained 0.40 percent and Cathay Financial, CTBC Financial and Catcher Technology were unchanged.

RTTNews | hace 1h 2min

Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains 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 | hace 1h 32min

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in three straight sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it's likely to open to the downside 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 | hace 2h 2min

Japan Stock Market May Spin Its Wheels On Tuesday

The Japan stock market has moved higher in back-to-back sessions, gathering almost 200 points or 0.5 percent along the way. The Nikkei 225 now rests just above the 42,800-point plateau although it may be stuck in neutral 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. The Nikkei finished modestly higher on Monday following gains from the financial shares, weakness from the technology stocks and a mixed picture from the automobile companies. For the day, the index advanced 174.53 points or 0.41 percent to finish at 42,807.82 after trading between 42,681.37 and 43,201.42. Among the actives, Nissan Motor accelerated 3.15 percent, while Mazda Motor shed 0.55 percent, Toyota Motor eased 0.10 percent, Honda Motor climbed 1.01 percent, Softbank Group soared 3.53 percent, Mitsubishi UFJ Financial dipped 0.11 percent, Mizuho Financial collected 0.79 percent, Sumitomo Mitsui Financial added 0.41 percent, Mitsubishi Electric rose 0.35 percent, Sony Group slumped 1.11 percent, Panasonic Holdings lost 0.49 percent and Hitachi fell 0.24 percent.

RTTNews | hace 2h 17min

KOSPI May Run Out Of Steam On Tuesday

The South Korea stock market has tracked higher in three straight sessions, collecting almost 80 points or 2.6 percent along the way. The KOSPI now sits just shy of the 3,210-point plateau although it's due for consolidation 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 | hace 2h 32min

EURUSD	1.1636	GBPUSD	1.34679	AUDUSD	0.64779
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