European Shares Poised For Mixed Open

RTTNews | il y a 564

(RTTNews) - European stocks may open on a mixed note Friday in the wake of a holiday in the U.S. for Thanksgiving. There will be an abbreviated trading session on Wall Street today.

Investors will keep a close eye on movement in bond markets due to an uptick in the U.S. and euro zone bond yields.

Germany announced on Thursday the intention to once again suspend the constitutional debt limit for the fourth consecutive year, adding to concerns over more borrowing.

Asian markets traded mixed, with Hong Kong's Hang Seng index falling more than 1 percent, dragged down by property shares.

Japanese shares advanced after data showed core consumer price growth picked up slightly in October.

The dollar was subdued in Asian trade, while gold steadied and was poised for a second weekly gain on dovish Fed bets.

Oil continued its slide after reports that the oil cartel will hold its delayed meeting online rather than in-person.

In economic releases, German IFO business climate data, U.S. PMI figures and ECB chief Christine Lagarde's speech may sway markets later in the day.

European stocks closed higher on Thursday after data showed a smaller than expected contraction in Eurozone business activity.

Investors also reacted to the latest ECB meeting minutes and interest rate moves by a couple of central banks in the region.

The pan European STOXX 600 gained 0.3 percent. The German DAX, France's CAC 40 and the U.K.'s FTSE 100 all rose about 0.2 percent.

Malaysia Bourse Likely To Remain Rangebound

The Malaysia stock market has moved lower in two of three trading days since the end of the two-day winning streak in which it had gained almost 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just above the 1,515-point plateau and it's expected to remain in that neighborhood again on Tuesday.

RTTNews | il y a 25 minutes

Japan Shares May See Continued Support On Wednesday

The Japan stock market has finished higher in three straight sessions, climbing more than 650 points or 1.9 percent along the way. The Nikkei 225 now sits just above the 38,210-point plateau and it may add to its winnings again on Wednesday.

RTTNews | il y a 40 minutes

KOSPI May Challenge Resistance At 2,900 Points

The South Korea stock market has finished higher in five straight sessions, collecting more than 175 points or 6.4 percent along the way. The KOSPI now rests just above the 2,870-point plateau and it's tipped to open in the green again on Wednesday.

RTTNews | il y a 55 minutes

Japan Producer Price Data Due On Wednesday

Japan will on Tuesday release May figures for producer prices, highlighting a light day for Asia-Pacific economic activity. In April, producer prices were up 0.2 percent on month and 4.0 percent on year.

RTTNews | il y a 1h 55min

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 | il y a 3h 41min

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 | il y a 3h 47min

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 | il y a 4h 28min

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 | il y a 5h 53min

EURUSD	1.14369	GBPUSD	1.35062	AUDUSD	0.65277
USDJPY	144.841	USDCAD	1.36689	USDCHF	0.82203

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European Shares Poised For Mixed Open