European Shares See Modest Gains Ahead Of Key Fed Decision

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(RTTNews) - European stocks were seeing modest gains on Wednesday ahead of the Federal Reserve's interest-rate decision later in the day.

Markets have already priced in a 75-bps rate hike. The accompanying statement and Fed Chair Jerome Powell's press conference may attract greater attention than the Fed's rate decision.

The pan European Stoxx 600 rose 0.4 percent to 427.86 after finishing marginally higher on Tuesday.

The German DAX was little changed after a survey showed the country's consumer sentiment will hit a fresh low in August.

GfK's forward-looking barometer fell to -30.6 from revised -27.7 in July as fears of an impending recession and high inflation dampened economic and income expectations. The score was forecast to fall to -28.9.

France's CAC 40 index gained half a percent despite a measure of French consumer confidence weakening for the seventh successive month in July to reach its lowest level in just over nine years.

U.K.'s FTSE 100 was up half a percent following encouraging earnings updates from the likes of Lloyds Bank and Reckitt Benckiser.

Reckitt Benckiser surged 5.2 percent after the consumer goods firm swung to interim profit.

Lender Lloyds Banking Group jumped 4.2 percent after hiking its dividend and full-year profitability forecast.

Rio Tinto tumbled 3.7 percent after the miner reported a 29 percent drop in first-half profit.

French food company Danone fell about 0.7 percent despite lifting its FY22 sales growth view.

LVMH gained 1 percent after the world's top luxury group reported better-than-expected second-quarter sales.

German sportswear brand Adidas slumped more than 5 percent after cutting its FY22 outlook.

Deutsche Bank tumbled 4.3 percent. The bank has warned of economic risks after posting a better-than-expected 51 percent rise in second-quarter profit.

Chemical company BASF declined about 1 percent despite lifting its guidance for full-year revenues.

Credit Suisse Group AG fell over 1 percent after the Swiss bank posted its third straight quarterly loss.

UniCredit jumped 5.7 percent. The Italian lender raised its 2022 outlook after a strong second quarter.

Australian Market Slashes Early Gains In Mid-market

The Australian stock market is slashing its early gains in mid-market trading on Monday, recouping the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving up to near the 9,000.00 mark, with gains across most sectors led by mining and technology stocks. Financial stocks were the only weak spot.

RTTNews | il y a 1h 5min

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, on an improved outlook for interest rates after US Fed Chair Jerome Powell's dovish comments at the conference in Jackson Hole on Friday. Powell said economic risks are 'shifting' and a rate cut may be warranted. Asian markets closed mixed on Friday.

RTTNews | il y a 1h 22min

Sensex, Nifty Seen Higher On Dovish Fed Comments

Indian shares are seen opening higher on Monday as traders react to Fed Chair Jerome Powell's dovish comments at the conference in Jackson Hole.

RTTNews | il y a 2h 1min

Thai Shares Tipped To Open To The Upside On Monday

The Thai stock market has finished higher in two of three trading days since the end of the four-day losing streak in which it had slumped more than 40 points or 3.5 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it's poised to extend its gains on Monday.

RTTNews | il y a 2h 31min

Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Monday, extending the gains in the previous session, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 moving well above the 42,850 level, with gains across most sectors led by index heavyweights and technology stocks.

RTTNews | il y a 2h 43min

Indonesia Stock Market May End Losing Streak On Monday

The Indonesia stock market has moved lower in two straight sessions, slipping almost 85 points or 1.1 percent along the way. The Jakarta Composite Index now sits just shy of the 7,860-point plateau although it's likely to stop the bleeding on Monday.

RTTNews | il y a 3h 1min

Australian Market Notably Higher

The Australian stock market is notably higher on Monday, recouping the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving well above the 9,000.00 mark, with gains across most sectors led by mining and technology stocks. Financial stocks were the only weal spot.

RTTNews | il y a 3h 2min

Hong Kong Shares Tipped To Open In The Green

The Hong Kong stock market has moved higher in two of three trading days since the end of the four-day losing streak in which it had fallen more than 480 points or 1.7 percent. The Hang Seng Index now rests just beneath the 25,340-point plateau and it's expected to open higher again on Monday.

RTTNews | il y a 3h 16min

EURUSD	1.17053	GBPUSD	1.35123	AUDUSD	0.64909
USDJPY	147.27	USDCAD	1.3834	USDCHF	0.80274