European Shares Seen Tad Higher On US Soft Landing Hopes

RTTNews | 644 दिनों पहले

(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.

Bay Street May Open Slightly Higher

Canadian shares may open slightly higher on Monday amid optimism about some positive progress in U.S.-China trade talks. Energy stocks are likely to find some support on higher crude oil prices.. The U.S.-China discussions will aim to resolve some major trade disputes between the two major economies.

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FTSE 100 Down Marginally At Noon

The U.K. market is down marginally at noon on Monday with investors mostly making cautious moves amid a lack of triggers. The focus is on trade talks between the U.S. and Chinese officials in London. Weak Chinese exports data weighs on sentiment.

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CAC 40 Down Slightly In Lackluster Trade

French stocks are down slightly in lackluster trade on Monday with investors refraining from making significant moves as they await the high-level trade talks between U.S. and Chinese officials in London later in the day.

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DAX Down Over 0.5% In Cautious Trade

German stocks are down in negative territory on Monday as investors make cautious moves while awaiting crucial talks between U.S. and Chinese officials in London later in the day. The discussions will aim to resolve some major trade disputes between the two major economies. Treasury Secretary Scott Bessent leads the U.S. delegation in the high-level trade talks.

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Sensex, Nifty End Modestly Higher; Banks And Financials Surge

Indian shares eked out modest gains on Monday as top officials from the U.S. and China meet in London later in the day to resolve their differences and ease rare-earth mineral tensions.

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European Shares Little Changed Before Sino-US Trade Talks

European stocks were subdued on Monday as top officials from the U.S. and China meet in London later in the day to resolve their differences and ease rare-earth mineral tensions.

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Asian Shares Mostly Higher On Sino-US Trade Talk Optimism

Asian stocks rose broadly on Monday amid hopes that another round of U.S.-China trade talks that will take place in London later today could help ease trade tensions between the two superpowers.

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EURUSD	1.13923	GBPUSD	1.35325	AUDUSD	0.65084
USDJPY	144.743	USDCAD	1.369	USDCHF	0.82225

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European Shares Seen Tad Higher On US Soft Landing Hopes