European Shares May See Soft Start Amid Inflation, Recession Worries

RTTNews | hace 1102

(RTTNews) - European stocks look set to open broadly lower on Friday as investors fret over a possible recession in Europe and look ahead to next week's Jackson Hole economic symposium for directional cues.

With the euro zone inflation outlook failing to improve since a July rate hike, there is uncertainty over how big will future rate hikes be.

European natural gas prices continue to climb, posing upside risks to the inflation outlook and threatening to send the continent's economy into recession.

Money markets are now fully pricing in a half percentage point ECB move in September and a 35 percent chance of a bigger 75-basis point move.

Asian markets traded mixed as investors analyze conflicting economic signals from the U.S.

The dollar hit a one-month high and Treasury yields drifted higher, keeping gold under pressure. Oil prices slipped after a two-day rally on signs of improving U.S. demand.

Retail sales and public sector finance data from the U.K. are due later in the session, headlining a light day for the European economic news.

U.S. stocks struggled for direction before ending slightly higher overnight after the release of disappointing home sales data and better-than expected jobless claims and manufacturing readings.

The Dow finished marginally higher, while the tech-heavy Nasdaq Composite and the S&P 500 both edged up around 0.2 percent.

European stocks also closed higher on Thursday as data showed Euro zone inflation reached a new record high of 8.9 percent year-on-year in July.

The pan European Stoxx 600 gained 0.4 percent. The German DAX and France's CAC 40 index rose about half a percent each while the U.K.'s FTSE 100 added 0.4 percent.

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 35 minutos

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 1h 5min

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 1h 20min

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 1h 36min