European Shares May Drift Lower As Growth Worries Mount

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(RTTNews) - European stocks may open lower on Wednesday as global sentiment remains fragile amid concerns over aggressive Fed tightening, a worsening energy crisis in Europe and COVID-19 lockdowns in China.

The U.S. dollar held near two-decade highs and Treasury yields jumped, while gold prices slipped ahead of Thursday's ECB meeting, with economists expecting another outsized rate hike to fight soaring inflation.

Asian markets fell broadly as U.S. 10-year treasuries yields rose to 3.365 percent, the highest since June 16 on hawkish Fed bets.

U.S, crude futures fell nearly 2 percent to hover around $85 a barrel in Asian trading on fears of weak demand.

In economic releases, preliminary euro zone unemployment data for the second quarter, Eurozone Q2 GDP figures and the U.K. inflation numbers for July will be published later in the session.

Across the Atlantic, reaction to remarks by Fed officials, the Beige Book and a report on the U.S. trade deficit may drive trading.

U.S. stocks fell overnight as trading resumed after Monday's Labour Day recess.

The Dow dipped 0.6 percent, the tech-heavy Nasdaq Composite shed 0.7 percent and the S&P 500 gave up 0.4 percent as benchmark U.S. Treasury yields jumped to their highest levels since June on the back of strong services activity data.

European markets closed mostly higher on Tuesday after China pledged to make renewed efforts to boost its COVID-hit economy.

The pan European Stoxx 600 gained 0.2 percent. The German DAX climbed 0.9 percent, while France's CAC 40 index and the U.K.'s FTSE both edged up around 0.2 percent.

Indonesia Stock Market Poised To Open To The Upside

The Indonesia stock market bounced higher again on Tuesday, one day after ending the three-day winning streak in which it had climbed more than 120 points or 1.7 percent. more than 120 points or 1.7 percent along the way. The Jakarta Composite Index now rests just beneath the 7,200-point plateau and it may extend its gains on Wednesday.

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Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Wednesday, extending the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 38,000 mark, with gains across most sectors led by index heavyweights and technology stocks.

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Higher Open Called For Hong Kong Stock Market

The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had rallied almost 500 points or 2.2 percent. The Hang Seng Index now sits just above the 23,380-point plateau and it has a solid lead again for Wednesday's trade.

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China Stock Market Due For Support On Wednesday

The China stock market has finished lower in four straight sessions, surrendering almost 50 points or 1.5 percent along the way. The Shanghai Composite Index now sits just above the 3,340-point plateau although it may stop the bleeding on Wednesday.

RTTNews | 1घंटे 4 मिनट पहले

Australian Market Notably Higher

Australian shares are trading notably higher on Wednesday, extending the gains in the previous three sessions, with the benchmark S&P/ASX 200 moving to near the 8,450 level, following the broadly positive cues from Wall Street overnight, with gains in energy and technology stocks and a mixed performance in mining and financial stocks.

RTTNews | 1घंटे 5 मिनट पहले

Taiwan Shares Due For Support On Wednesday

The Taiwan stock market has finished lower in four straight sessions, dropping more than 460 points or 2.2 percent in that span. The Taiwan Stock Exchange now sits just above the 21,330-point plateau, although it's likely to see bargain hunting on Wednesday.

RTTNews | 1घंटे 34 मिनट पहले

Singapore Bourse May Reclaim 3,900-Point Level

The Singapore stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had risen just 6 points or 0.15 percent. The Straits Times Index now sits just shy of the 3,900-point plateau and it's expected to open higher again on Wednesday.

RTTNews | 2घंटे 4 मिनट पहले

Malaysia Stock Market Tipped To Open In The Green

The Malaysia stock market has moved lower in back-to-back sessions, slipping almost 10 points or 0.7 percent in that span. The Kuala Lumpur Composite Index now sits just above the 1,525-point plateau although it's due for support on Wednesday.

RTTNews | 2घंटे 34 मिनट पहले

EURUSD	1.13165	GBPUSD	1.349	AUDUSD	0.64263
USDJPY	144.343	USDCAD	1.38258	USDCHF	0.82781

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European Shares May Drift Lower As Growth Worries Mount