European Shares Seen Broadly Lower; FTSE 100 Set For Higher Open

RTTNews | 10天前
European Shares Seen Broadly Lower; FTSE 100 Set For Higher Open

(RTTNews) - European stocks are seen opening mixed on Tuesday, with U.K. markets likely to rise as traders return to their desks from a long holiday weekend.

Futures on the Wall Street maintained gains while Asian markets traded mixed as jitters persist over U.S. tariffs and fiscal deficit.

Investors ignored data that showed China's industrial profits rose at a faster pace in April despite trade tensions and deflationary pressures.

China's central bank has asked its major lenders to raise the share of yuan when facilitating cross-border trade, Bloomberg News reported, citing people familiar with the matter.

Elsewhere, Bank of Japan Governor Kazuo Ueda gave the yen a boost by saying the central bank is still eyeing more rate hikes, if the economy improves as expected.

The dollar struggled for direction as focus shifted to debate in the U.S. Senate on President Trump's tax-cut bill and its implications for the U.S. debt profile.

The euro gained, with European Central Bank president Christine Lagarde sensing a unique opportunity for the currency to expand its global influence.

Gold hovered near a two-week high while oil edged lower ahead of an OPEC+ meeting that will decide on supply policy.

U.S. markets were closed on Monday in observance of Memorial Day. In Europe, stocks ended higher on Monday as U.S. President Trump postponed the implementation of 50 percent tariffs on the European Union goods to July 9 from June 1.

The pan European STOXX 600 gained 1 percent. The German DAX rallied 1.7 percent and France's CAC 40 added 1.2 percent while the U.K. market was shut for Spring Bank Holiday.

read more
U.S. Dollar Higher After Strong Jobs Data

U.S. Dollar Higher After Strong Jobs Data

The U.S. dollar firmed against its major counterparts in the New York session on Friday, following the release of better-than-expected nonfarm payrolls report for May.
RTTNews | 7小時47分鐘前
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

After a flat start and a subsequent modest upmove, the Switzerland market turned subdued and fell into negative territory by noon on Friday, but recovered gradually to finally end the day's session on a positive note.
RTTNews | 9小時19分鐘前
European Markets Close Higher

European Markets Close Higher

The major European markets closed slightly higher on Friday, supported by data showing stronger-than-expected jobs growth in the U.S., and an upward revision in eurozone first-quarter GDP. Weak industrial production data from Germany and France, and persisting concerns about U.S. tariffs limited markets' upside.
RTTNews | 9小時44分鐘前
CPSC Recalls: 3.8 Mln Dumbbells, 1.7 Mln Air Conditioners, Golf Cars, CO Detectors, Casters, E-Bikes

CPSC Recalls: 3.8 Mln Dumbbells, 1.7 Mln Air Conditioners, Golf Cars, CO Detectors, Casters, E-Bikes

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including around 3.8 million units of dumbbells by Johnson Health Tech Trading, 1.7 million air conditioners by Midea America Corp., around 352 thousand units of Yamaha golf cars including previously recalled ones, and around 50 thousand units of Apollo America's Combination Smoke and Carbon Monoxide or CO Detectors.
RTTNews | 10小時21分鐘前
TSX Pares Some Gains After Hitting Fresh Record High

TSX Pares Some Gains After Hitting Fresh Record High

Canadian stocks are up in positive territory in late morning trade on Friday, amid slightly easing concerns about tariffs following somewhat encouraging phone calls between the U.S. President Donald Trump and Chinese Premier Xi. Investors are also digesting the nation's jobs data, as well the non-farm payrolls data from the U.S.
RTTNews | 11小時22分鐘前
U.S. Job Growth Slightly Exceeds Estimates In May

U.S. Job Growth Slightly Exceeds Estimates In May

Employment in the U.S. increased by slightly more than expected in the month of May, according to a report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 139,000 jobs in May after jumping by a downwardly revised 147,000 jobs in April.
RTTNews | 13小時26分鐘前
Bay Street May Open Slightly Higher; U.S., Canadian Jobs Data In Focus

Bay Street May Open Slightly Higher; U.S., Canadian Jobs Data In Focus

Higher Canadian and U.S. futures point to a slightly positive start on Bay Street Friday morning. The focus is on the crucial jobs data from Canada as well as the U.S. Lingering concerns about trade tensions may weigh on sentiment and limit market's upside.
RTTNews | 14小時48分鐘前