European Shares Set For Cautious Start

RTTNews | hace 572

(RTTNews) - European stocks are likely to open on a subdued note Thursday as the U.S.-China Summit meeting concluded after months of diplomacy.

It was said there were agreements on restarting military-to-military communications and steps to curb fentanyl production.

Both countries agreed to work towards avoiding confrontation and instead focus on cooperation.

Asian markets traded broadly lower alongside U.S. equity futures as investors awaited more clues on the health of the world's largest economy, going into the holiday season.

Japan's export growth slowed in October and China's new home prices fell for the fourth straight month, rekindling worries about slowing global growth.

The dollar held steady in Asian trade ahead of U.S. reports on weekly jobless claims, import and export prices, industrial production and homebuilder confidence due later in the day.

Gold inched up slightly while Treasuries were little changed after Wednesday's sell-off.

Crude extended overnight losses on signs of higher supply from the United States and amid worries about lackluster energy demand from Asia.

U.S. stocks eked out modest gains overnight, with dovish Fed bets and an upbeat forecast from retailer Target helping underpin sentiment.

A measure of producer prices unexpectedly fell in October and retail sales dipped for the first time in seven months, offering more evidence of easing price pressures and slowing consumer spending ahead of the holiday season.

The tech-heavy Nasdaq Composite inched up marginally to reach a three-month closing high and the S&P 500 edged up 0.2 percent while the Dow rose half a percent.

European stocks closed higher for a third straight session on Wednesday after news of fresh stimulus in China and signs of moderating price pressures in the euro area.

The pan European STOXX 600 gained 0.4 percent despite the European Commission cutting Eurozone growth forecasts.

The German DAX rose 0.9 percent, France's CAC 40 edged up 0.3 percent and the U.K.'s FTSE 100 added 0.6 percent.

Gold Dips As US-China Trade Talks Continue

Gold prices dipped on Tuesday, ahead of US inflation report and ongoing US-China official talks, which is now the focus of investors from all over the world. Front Month Comex Gold for June delivery lost $11.20 (or 0.34%) to $3320.90 per troy ounce on Tuesday. Front Month Comex Silver for June delivery lost $14.60 cents (or 0.40%) to $36.542 today. The much-anticipated high-level trade talks between the world's two largest economies, U.S. and China, began on Monday in London and continued for the second day today. On the economic data front, the US Labor Department will release Consumer Price Index (CPI) data on Wednesday, which may help to determine the Federal Reserve's monetary policy before the Fed's June 17-18 meeting. Meanwhile, the World Bank, in its biannual Global Economic Prospects, has cut the global growth forecast to 2.3% from 2.7% for the current year citing "trade barriers" as a reason behind the global slowdown.

RTTNews | hace 1h 32min

Crude Oil Prices Fade As US-China Talks Progress

Crude oil prices were down on Tuesday amidst uncertainty over trade talks between China and the United States continued, although the outcome remains uncertain. WTI oil closed down by $0.31 to settle at $64.98 per barrel. August Brent crude was last seen down by $0.03 to $67.01. To ease the standstill created by the reciprocal tariffs imposed by U.S. President Donald Trump and China, high-level officials from both nations convened at London on Monday to discuss steps to soften the conflict. As the talks went on for the second day today, Trump told reporters at the White House that the talks were "going well" and that he was "only getting good reports." While U.S. Treasury Secretary Scott Bessent described Monday's talks as "good meeting," the Commerce Secretary Howard Lutnick called them as "fruitful." On the geopolitical front, however, Russia showed no sign of relenting on its war with Ukraine and continued its attacks. Limiting the downside, the U.S. Energy Information Administration has reported today that US crude oil production is likely to decline over the next 18 months - while the approach of the summer driving season is also good news.

RTTNews | hace 1h 38min

Canadian Dollar Appreciates Amid Risk Appetite

The Canadian dollar climbed against its major counterparts in the New York session on Tuesday, as investors monitored trade talks between the U.S. and China that continued for a second day.

RTTNews | hace 2h 19min

Swiss Market Ends Marginally Down

Save for a very brief while at the start, the Switzerland market stayed weak on Tuesday as investors refrained from making significant moves, choosing to wait for directional clues. Investors awaited the outcome of the high-level trade discussions between U.S. and Chinese officials in London.

RTTNews | hace 3h 44min

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Tuesday with investors mostly making cautious moves as they awaited the outcome of the ongoing Sino-U.S. trade talks in London. German stocks are drifting lower on Tuesday as investors await the outcome of high-level U.S. - China trade talks in London.

RTTNews | hace 4h 0min

TSX Up Marginally; Energy Stocks Rise

After a flat start and a subsequent climb up north, the Canadian market retreated Tuesday morning, and at a little past noon, was up marginally, led by gains in energy, consumer and communications sectors. Investors are cautiously optimistic about some positive progress in U.S.-China trade relations.

RTTNews | hace 5h 7min

U.S. Stocks Mostly Subdued In Lackluster Trade

U.S. stocks are turning in a mixed performance in lackluster trade on Tuesday as traders await the outcome of the ongoing trade talks between China and the U.S. in London. Trade negotiations between the world's two largest economies commenced on Monday, and no big breakthrough seems to have been arrived as yet.

RTTNews | hace 5h 43min

Eurozone Investor Confidence Strongest In A Year: Sentix

Euro area investor morale rose to the highest level in a year in June, driven by the economic recovery in Germany, survey data from the behavioral research institute Sentix showed Tuesday. The investor sentiment index rose to +0.2 in June from -8.1 in May. This was the highest reading since June 2024 and remained well above economists' forecast of -6.0.

RTTNews | hace 8h 38min

EURUSD	1.14227	GBPUSD	1.34962	AUDUSD	0.65228
USDJPY	144.845	USDCAD	1.36701	USDCHF	0.82216

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European Shares Set For Cautious Start