European Shares Seen Tad Higher On US Soft Landing Hopes

RTTNews | 646 दिनों पहले
European Shares Seen Tad Higher On US Soft Landing Hopes

(RTTNews) - European stocks are seen opening mostly higher Monday on growing hopes the U.S. can achieve a soft landing.

Trading volumes, however, are likely to remain thin due to the Labour Day holiday in the U.S.

Asian markets traded mostly higher after news late last week of a deal to avert possible default at Country Garden.

Also, China's top economic planner said it would establish a designated department to bolster the country's faltering private economy.

The dollar eased against a basket of currencies on expectations that the Fed is done with raising rates.

Markets now price in a 93 percent chance of the Fed holding rates steady this month and over 60 percent chance of no more hikes this year.

Gold ticked higher ahead of a slew of U.S. data due this week, including reports on the U.S. trade deficit, factory orders and service sector activity as well as the Federal Reserve's Beige Book.

Closer home, foreign trade from Germany and quarterly national accounts from Switzerland are the top economic news due today.

Oil prices traded higher in Asian trade on expectations of additional supply cuts from major oil producing nations, led by Russia and Saudi Arabia.

U.S. stocks ended mostly higher on Friday and notched a weekly gain after data showed the labor market cooling and wage growth slowing, supporting optimism the Federal Reserve is nearing the end of its tightening cycle.

Separate data showed U.S. manufacturing contracted for a 10th straight month in August.

The Dow edged up 0.3 percent and the S&P 500 inched up 0.2 percent while the tech-heavy Nasdaq Composite finished marginally lower.

European stocks ended mixed on Friday, giving up early gains on news of more stimulus from Beijing and data showing that the downturn in Eurozone manufacturing eased last month.

The pan-European STOXX 600 closed marginally lower but notched its best weekly gain of 1.5 percent since mid-July.

The German DAX shed 0.7 percent and France's CAC 40 eased 0.3 percent while the U.K.'s FTSE 100 rose 0.3 percent.

read more
Euro Rises Amid Risk-on Mood

Euro Rises Amid Risk-on Mood

The euro strengthened against other major currencies in the European session on Wednesday amid increased risk-on mood, as investors monitored the latest updates from Sino-U.S. talks and awaited crucial U.S. inflation data for direction. After two days of discussions in London, U.S. and Chinese officials have agreed on a limited framework to put their trade truce back on track.
RTTNews | 1घंटे 0 मिनट पहले
Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the European session on Wednesday.
RTTNews | 1घंटे 9 मिनट पहले
Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Indian shares eked out modest gains on Wednesday as markets assessed the outcome of high-level U.S.-China talks and awaited key U.S. inflation readings for additional clues on the Federal Reserve's rate trajectory.
RTTNews | 1घंटे 10 मिनट पहले
Tesla Shares Gain As Musk Sets Robotaxi Service Launch Tentatively On June 22

Tesla Shares Gain As Musk Sets Robotaxi Service Launch Tentatively On June 22

Tesla Inc. shares were gaining around 2.4 percent in the pre-market activity on the Nasdaq following a 6 percent jump on Tuesday's regular trading, after the founder and CEO Elon Musk confirmed that the much awaited robotaxi service is tentatively set to launch in Austin, Texas, on June 22. In a post on his social media platform X, Musk said, "Tentatively, June 22. We are being super paranoid...
RTTNews | 1घंटे 13 मिनट पहले
DAX Up Marginally In Cautious Trade As Traders Await U.S. Inflation Data

DAX Up Marginally In Cautious Trade As Traders Await U.S. Inflation Data

German stocks advanced Wednesday morning, reacting positively to the news about top U.S. and Chinese officials reaching a framework to implement the Geneva consensus. If approved, the Sino-U.S. deal will remove some restrictions on China's rare earth exports and unwind a few recent U.S. export bans.
RTTNews | 1घंटे 21 मिनट पहले
European Shares Inch Higher Ahead Of US Inflation Report

European Shares Inch Higher Ahead Of US Inflation Report

European shares edged higher in cautious trade on Wednesday as investors monitored the latest updates from Sino-U.S. talks and awaited crucial U.S. inflation data for direction.
RTTNews | 2घंटे 32 मिनट पहले
Asian Shares Climb On Trade Talk Optimism

Asian Shares Climb On Trade Talk Optimism

Asian stocks advanced on Wednesday after top U.S. and Chinese officials said they have reached a framework to implement the Geneva consensus, following two days of discussions in London.
RTTNews | 3घंटे 1 मिनट पहले
Commodity Currencies Slide Amid Crude Oil Price Drop

Commodity Currencies Slide Amid Crude Oil Price Drop

The commodity currencies such as the Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Wednesday amid crude oil price drop, as markets awaited the outcome of US-China trade talks, which have yet to be approved by President Donald Trump, with China's poor oil demand and OPEC+ output increases weighing on the market.
RTTNews | 3घंटे 28 मिनट पहले