European Shares To Open On Steady Note; Fed Minutes Eyed

RTTNews | hace 720

(RTTNews) - European stocks are seen opening broadly higher Tuesday on growing expectations that U.S. interest rates may have peaked.

That said, overall trading activity may be somewhat subdued due to the Thanksgiving Day holiday in the U.S. on Thursday and a shortened trading day on Friday.

The dollar nursed losses while Treasury yields edged up slightly as traders await the minutes from Federal Reserve's latest meeting later in the day that could offer important clues on the Fed's rate trajectory.

Richmond Fed president Thomas Barkin said it's not yet the right time to declare victory on inflation and focus should remain and getting price growth back to the 2 percent goal.

Gold traded higher and looks all set to break above the S2,000 level per ounce, while oil prices slipped after having risen more than 2 percent on Monday amid hopes of OPEC+ deepening output cuts.

Asian markets were broadly higher to hit a two-month high on the back of dovish Fed expectations, easing U.S.-Sino tensions and optimism over a recovery in China's property sector.

According to Bloomberg, Chinese regulators are drafting a list of 50 developers eligible for a range of financing.

Investors also await Nvidia results for more AI cues.

Bank of England's Governor Andrew Bailey is set to testify before the parliamentary committee later today.

European Central Bank President Christine Lagarde is set to speak on the occasion of the 100th anniversary of the currency reform in Germany in 1923.

U.S. stocks started a holiday shortened week on a positive note overnight as bond yields slipped after a strong 20-year notes auction and Microsoft announced it has hired Altman to spearhead "a new advanced AI research team."

The tech-heavy Nasdaq Composite jumped 1.1 percent to reach its best closing level since late July, while the S&P 500 added 0.7 percent and the Dow gained 0.6 percent.

European stocks ended mixed on Monday after a strong week driven by dovish Fed bets.

The pan European STOXX 600 finished marginally higher. The German DAX and the U.K.'s FTSE 100 both eased around 0.1 percent while France's CAC 40 edged up 0.2 percent.

Japan Shares May Extend Monday's Gains

The Japan stock market has moved higher in two of three trading days since the end of the two-day slide in which it had plunged nearly 2,200 points or 4.2 percent. The Nikkei 225 now rests just above the 50,900-point plateau and it may add to its winnings on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The Nikkei finished sharply higher on Monday following gains from the financial shares and technology stocks, while the automobile producers were mixed. For the day, the index jumped 635.39 points or 1.26 percent to finish at 50,911.76 after trading between 50,392.44 and 50,969.50. Among the actives, Nissan Motor accelerated 2.11 percent, while Mazda Motor stumbled 2.06 percent, Toyota Motor rose 0.42 percent, Honda Motor plunged 4.67 percent, Softbank Group spiked 2.56 percent, Mitsubishi UFJ Financial and Mizuho Financial both collected 0.67 percent, Sumitomo Mitsui Financial added 0.65 percent, Mitsubishi Electric gathered 0.33 percent, Sony Group improved 0.59 percent, Panasonic Holdings perked 0.15 percent and Hitachi rallied 2.15 percent. The lead from Wall Street is solid as the major averages opened higher on Monday and largely spent most of the sessions firmly in positive territory.

RTTNews | hace 1h 5min

KOSPI May Break Through 4,100-Point Barrier

The South Korea stock market has tracked higher in two of three trading days since the end of the two-day slide in which it had plummeted almost 220 points or 5 percent. The KOSPI sits just beneath the 4,075-point plateau and it's tipped to open in the green again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The KOSPI finished sharply higher on Monday with gains across the board, especially among the financial shares, technology stocks and industrials. For the day, the index surged 119.48 points or 3.02 percent to finish at 4,073.24 after trading between 3,984.24 and 4,092.91. Volume was 334 million shares worth 16.5 trillion won. There were 804 gainers and 98 decliners. Among the actives, Shinhan Financial collected 1.81 percent, while KB Financial spiked 4.28 percent, Hana Financial vaulted 4.57 percent, Samsung Electronics jumped 2.76 percent, Samsung SDI strengthened 2.94 percent, LG Electronics climbed 1.47 percent, SK Hynix rallied 4.48 percent, LG Chem expanded 3.93 percent, Lotte Chemical skyrocketed 7.12 percent, SK Innovation accelerated 3.97 percent, POSCO Holdings improved 1.51 percent, SK Telecom added 0.94 percent, KEPCO soared 4.88 percent, Hyundai Mobis gained 3.62 percent, Hyundai Motor increased 2.46 percent, Kia Motors surged 3.27 percent and Naver was unchanged.

RTTNews | hace 1h 20min

Japan Current Account Data Due On Tuesday

Japan will on Tuesday release September figures for current account, highlighting a modest day for Asia-Pacific economic activity. The current account surplus is seen at 2.26 trillion yen, down from 246.35 trillion yen in the previous month.

RTTNews | hace 1h 50min

Swiss Market Settles On Buoyant Note

The Switzerland market turned in a fine performance on Monday, in line with markets across the globe, amid hopes the U.S. government shutdown will end soon.

RTTNews | hace 5h 33min

European Markets Close On Strong Note On Hopes Of End To US Government Shutdown

European stocks closed on a strong note on Monday and most of the major markets rebounded from multi-week lows posted in the previous session, as rising prospects of an end to the government shutdown in the U.S., helped underpin sentiment.

RTTNews | hace 5h 59min

Technology, Materials Stocks Climb Higher; TSX Up Over 1%

After with a strong positive gap and moving further up north, the Canadian market remains high up in positive territory around noon on Monday with stocks from materials and technology sectors scoring impressive gains. The mood in the market is quite bullish amid prospects of an end to the US government shutdown.

RTTNews | hace 7h 1min

Bay Street Looks Set To Open On Firm Note

Canadian stocks are likely to open on a firm note on Monday, riding on higher commodity prices and prospects of an end to the government shutdown in the U.S.

RTTNews | hace 10h 41min

Dollar Declines Amidst Uncertain Fed Policy Outlook

The U.S. Dollar slipped during the week ended November 7 amidst uncertainty surrounding the Fed's monetary policy outlook.

RTTNews | hace 11h 24min

EURUSD	1.15595	GBPUSD	1.31762	AUDUSD	0.6535
USDJPY	154.092	USDCAD	1.4021	USDCHF	0.80497