European Shares Inch Higher Ahead Of Fed, ECB Rate Decisions

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(RTTNews) - European stocks traded higher on Monday ahead of a big week of central bank meetings. Traders await the Federal Reserve's monetary policy meeting scheduled from 13th June to 14th, with the U.S. central bank expected to pause its recent interest rate increases.

The Fed's accompanying statement as well as U.S. CPI data will be key as investors look for clues about the outlook for rates.

Closer home, analysts expect the European Central Bank to hike rates by 25 bps on Thursday.

The pan-European STOXX 600 was up 0.6 percent at 462.61 after declining 0.2 percent on Friday.

The German DAX climbed 1.1 percent, France's CAC 40 added 1 percent and the U.K.'s FTSE 100 was up 0.2 percent.

Telecom Italia fell about 1 percent after receiving two new offers from existing bidders for its NetCo unit.

Novartis rose 0.7 percent after it agreed to acquire Seattle-based biotech firm Chinook Therapeutics for up to $3.5 billion.

Swiss banking major UBS Group was up more than 1 percent after saying it has completed the acquisition of domestic rival Credit Suisse Group AG. Shares of the latter gained 1.3 percent.

The troubled banking firm has been merged into UBS, and the combined entity will now operate as a consolidated banking group.

British grocer Ocado jumped 6.4 percent after a brokerage upgraded its price target on the stock.

Oil & gas explorer Tullow Oil fell nearly 2 percent after announcing it is considering all options with respect to its interest in the Espoir field in Côte d'Ivoire.

Frasers Group rose over 1 percent. The retail, sport, and intellectual property company said that it has acquired an 18.9 percent stake in online electricals retailer, AO world Plc, for 75 million pounds.

Satellite company SES SA plunged 13 percent in Paris after an announcement that its CEO Steve Collar will step down at the end of June 2023 to pursue other professional and personal endeavors.

German sportswear maker Adidas jumped 5.3 percent after Bernstein raised its rating on the stock to "outperform".

Sensex, Nifty Open Higher On Firm Global Cues; IT Stocks Lead Gains

Indian shares opened higher on Monday, mirroring positive cues from global markets amid renewed optimism over a potential U.S. Federal Reserve rate cut.

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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.

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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.

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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.

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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.

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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.

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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 | 3घंटे 33 मिनट पहले

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 | 3घंटे 34 मिनट पहले

EURUSD	1.1705	GBPUSD	1.35103	AUDUSD	0.64898
USDJPY	147.301	USDCAD	1.38349	USDCHF	0.80312