European Shares Seen Opening Up As Tariff Worries Ease

RTTNews | 62 दिनों पहले
European Shares Seen Opening Up As Tariff Worries Ease

(RTTNews) - European stocks may open on a positive note Friday as temporary tariff relief help ease economic worries.

Following U.S. President Donald Trump's tariff reversal, the European Union has put on hold the countermeasures against Trump's sweeping tariffs for 90 days.

Trump said there will be a transition cost, and transition problems due to tariffs, but in the end, it's going to be a beautiful thing.

In another development, Trump has threatened Mexico with sanctions and tariffs in a dispute over water sharing.

In economic news, U.S. reports on producer price inflation and consumer sentiment may garner some attention later in the day.

The first-quarter U.S. earnings season officially gets underway today, with JPMorganChase, Morgan Stanley and Wells Fargo expected to post underwhelming results due to ongoing uncertainty surrounding tariffs.

Closer home, monthly GDP estimates, industrial production and foreign trade from the U.K. and final inflation data from Germany are awaited later in the day.

Asian markets were broadly lower, with Japan's Nikkei falling more than 4 percent as the dollar slumped 1 percent to 142.88 yen, its lowest since September 30 on safe-haven bets.

Chinese and Hong Kong stocks clung to gains as investors bet on stimulus to support the economy. There were concerns that the U.S.-China trade war will probably get worse before it gets better.

Bonds dropped and the dollar weakened, while the Swiss franc touched the highest level in a decade and gold set a new high on safe-haven demand. Oil edged up slightly but headed for a second weekly loss on demand concerns.

U.S. stocks ended lower overnight after a historic rally seen in the previous session in response to the temporary tariff relief.

President Trump didn't rule out extending his 90-day tariff pause but said if the White House can't come to new agreements with its trading partners, the steeper rates would go back into effect.

In economic releases, U.S. inflation cooled broadly in March while there has been a slight increase in jobless claims last week.

The tech-heavy Nasdaq Composite plunged 4.3 percent as the White House confirmed that the cumulative tariff rate on China would actually total 145 percent. The S&P 500 tumbled 3.5 percent and the Dow lost 2.5 percent.

European shares logged their biggest one-day gains since 2022 on Thursday after Trump decided to delay new tariffs by 90 days.

read more
Canadian Market Up Slightly In Cautious Trade

Canadian Market Up Slightly In Cautious Trade

After a flat start and a subsequent drop, the Canadian market moved into positive territory Thursday morning, led by gains in materials and communications sectors. The mood remains cautious amid uncertainty about U.S.-China trade deal and easing prospects of he European Union arriving at a pact with the U.S. before the July 8 deadline. Middle East tensions also weigh on sentiment.
RTTNews | 49 मिनटों पहले
U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected

U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected

After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May. The Labor Department said its producer price index for final demand inched up by 0.1 percent after slipping by a revised 0.2 percent in April.
RTTNews | 3घंटे 37 मिनट पहले
U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High

U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High

The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits came in flat in the week ended June 7th. The report said initial jobless claims in at 248,000, unchanged from the previous week's revised level. Economists had expected jobless claims to dip to 240,000 from the 247,000 originally reported for the previous week.
RTTNews | 3घंटे 40 मिनट पहले
Bay Street Likely To Open On Negative Note

Bay Street Likely To Open On Negative Note

Canadian shares are likely to open with a negative bias on Thursday as trade concerns, and Middle East tensions may weigh on sentiment. A lack of specifics in the framework agreed to by U.S. and Chinese officials on Tuesday has raised uncertainty about the two nations reaching an agreement anytime soon.
RTTNews | 4घंटे 23 मिनट पहले
U.S. Producer Prices Inch Up Less Than Expected In May

U.S. Producer Prices Inch Up Less Than Expected In May

After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May.
RTTNews | 4घंटे 49 मिनट पहले
U.S. Weekly Jobless Claims Unchanged At 248,000

U.S. Weekly Jobless Claims Unchanged At 248,000

The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits came in flat in the week ended June 7th.
RTTNews | 4घंटे 55 मिनट पहले
Boeing Shares Hit After 787-8 Dreamliner With 242 Onboard Crashes In India

Boeing Shares Hit After 787-8 Dreamliner With 242 Onboard Crashes In India

Boeing Co. shares are currently down around 8 percent in the pre-market activity on the NYSE after an Air India aircraft headed to London with 242 people onboard crashed immediately after take-off in the Indian city of Ahmedabad. The plane, a Boeing 787-8 Dreamliner headed to Gatwick Airport in the UK, crashed in a civilian area near the Sardar Vallabhbhai Patel International Airport.
RTTNews | 5घंटे 8 मिनट पहले
FTSE 100 Recovers After Weak Start, Up Marginally

FTSE 100 Recovers After Weak Start, Up Marginally

After opening on a negative note amid trade tensions and data showing a contraction in the nation's GDP growth in April, U.K. stocks recovered some lost ground on Thursday. Still, amid uncertainty about China and the U.S. agreeing on a concrete trade deal anytime soon, and lingering concerns about the European Union finalizing a trade deal before the July 8 deadline, the mood in the market remain
RTTNews | 5घंटे 19 मिनट पहले