European Shares May See Cautious Start As Rate Worries Cloud Outlook

RTTNews | hace 579
European Shares May See Cautious Start As Rate Worries Cloud Outlook

(RTTNews) - European stocks are seen opening lower on Friday after Wall Street's main indexes closed notably lower overnight on interest-rate concerns.

Asian markets traded lower as a stronger dollar and elevated Treasury yields dented sentiment.

Two-year Treasury yield crossed 5 percent, reflecting concerns that U.S. interest rates will remain higher for longer.

Atlanta Fed President Raphael Bostic said at an event in New Orleans overnight that the current policy stance should be enough to curb inflationary pressures.

Separately, Richmond Fed President Thomas Barkin forecasted an economic downturn as necessary for achieving the Fed's inflation targets.

Gold was on course for its worst week in over a month while oil prices inched up but were set for a third weekly decline on easing Middle East tensions.

Israeli Prime Minister Benjamin Netanyahu said on Thursday his country does not seek to conquer, occupy or govern Gaza after its war against Hamas but a civilian government would need to take shape in Gaza and Israel would make sure an attack like Oct. 7 does not happen again.

In economic releases, investors await U.K. GDP data as well as reports on industrial output and trade balance after Bank of England Chief Economist Huw Pill said on Thursday that interest rates must remain at their current level to curb inflation.

Across the Atlantic, trading later in the day may be impacted by reaction to a report on consumer sentiment in the month of November, which includes readings on consumers' inflation expectations.

U.S. stocks fell overnight while bond yields rose sharply following a weak sale of 30-year notes and comments Fed Chair Jerome Powell that the U.S. central bank "will not hesitate" to resume raising rates if it becomes appropriate.

Powell said that inflation has slowed over the past year but the process of getting inflation sustainably down to 2 percent has a long way to go.

The Dow dropped 0.7 percent, while the tech-heavy Nasdaq Composite shed 0.9 percent and the S&P 500 gave up 0.8 percent to snap their longest winning streaks in two years.

European stocks closed higher on Thursday as impressive earnings updates outweighed hawkish comments from Fed and ECB officials.

The pan European STOXX 600 gained 0.8 percent. The German DAX climbed 0.8 percent, France's CAC 40 rallied 1.1 percent and the U.K.'s FTSE 100 added 0.7 percent.

read more
Commodity Currencies Slide Amid Crude Oil Price Drop

Commodity Currencies Slide Amid Crude Oil Price Drop

The commodity currencies such as the Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Wednesday amid crude oil price drop, as markets awaited the outcome of US-China trade talks, which have yet to be approved by President Donald Trump, with China's poor oil demand and OPEC+ output increases weighing on the market.
RTTNews | hace 37 minutos
Sensex, Nifty Marginally Higher In Lackluster Trade

Sensex, Nifty Marginally Higher In Lackluster Trade

Indian shares were marginally higher on Wednesday after top U.S. and Chinese officials agreed on a "framework" to move forward on trade, following two days of high-level talks in London.
RTTNews | hace 4h 18min
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian market is trimming its early gains in mid-market moves on Wednesday, but extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 8,600 level to fresh all-time highs, following the positive cues from Wall Street overnight, with gains in iron ore miners, energy and financial stocks partially offset by weakness in gold miners and technology stocks.
RTTNews | hace 5h 19min
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, amid easing trade war tensions after top U.S. and Chinese officials agreed upon a "framework" to move forward on trade, following two days of high-level talks in London. The framework will first need to be approved by leaders in Washington and Beijing.
RTTNews | hace 5h 44min
Sensex, Nifty Set For Muted Start

Sensex, Nifty Set For Muted Start

Indian shares are seen opening little changed on Wednesday despite top U.S. and Chinese officials agreeing on a "framework" to move forward on trade, following two days of high-level talks in London.
RTTNews | hace 6h 13min
Thai Bourse May Extend Tuesday's Gains

Thai Bourse May Extend Tuesday's Gains

The Thai stock market on Tuesday ended the two-day slide in which it had slipped more than 5 points or 0.4 percent. The Stock Exchange of Thailand now rests just beneath the 1,140-point plateau and it may tick higher again on Wednesday.
RTTNews | hace 6h 44min
Japanese Market Modestly Higher

Japanese Market Modestly Higher

The Japanese stock market is trading modestly higher on Wednesday, extending the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 38,300 level, with gains across most sectors led by index heavyweights and technology stocks. Financial stocks are a weak spot.
RTTNews | hace 7h 10min