European Shares Set To Open Broadly Lower Amid Trump Tariff Worries

RTTNews | 258 days ago

(RTTNews) - European stocks are seen opening broadly lower on Wednesday as investors ponder over Donald Trump's tariff plans and await the Fed's preferred readings on consumer price inflation later in the day for additional clues on the Fed's rate trajectory.

Trump on Tuesday named another China sceptic, Jamieson Greer, his trade envoy, a key figure in implementing the president-elect's economic agenda.

"Jamieson played a key role during my first term in imposing tariffs on China and others to combat unfair trade practices, and replacing the failed NAFTA deal with USMCA, therefore making it much better for American Workers," Trump said.

Also, Trump appointed Kevin A Hassett as the director of the White House National Economic Council.

As Chair of the Council of Economic Advisers, Hassett played a crucial role in helping design and pass the Tax Cuts and Jobs Act of 2017 and stood with me as we pursued our enormously successful agenda to Make America Great Again, Trump said in a separate statement.

Asian markets traded mixed, with benchmark indexes in South Korea and Japan drifting lower amid much uncertainty over Trump's tariff plans.

Stocks elsewhere in the region traded higher after China's October industrial profits signaled mixed trends. The safe-haven yen extended its strong run to hit a two-week high, weighed down by sagging Treasury yields.

The dollar steadied against major peers ahead of the October Personal Consumption Expenditures (PCE) price index due later on Wednesday and the Thanksgiving holiday on Thursday.

Gold clung to modest gains and oil prices were marginally lower as Israel approved a United States-brokered ceasefire agreement with Lebanon's Hezbollah.

According to U.S. President Joe Biden, the ceasefire deal involves Israeli forces withdrawing from Lebanon over 60 days, with Lebanon's military taking control of territory in the south of the country to ensure Hezbollah does not rebuild forces.

U.S. stocks rose overnight as President-elect Donald Trump threatened to impose increased tariffs on Mexico, Canada, and China to combat illegal immigration and drugs.

Meanwhile, the minutes of the Federal Reserve's latest monetary policy meeting showed that officials favor a gradual approach to lowering rates if economic data come in "about as expected, with inflation continuing to move down sustainably to 2 percent and the economy remaining near maximum employment."

The Dow rose 0.3 percent to log another new record closing high and the S&P 500 gained 0.6 percent to extend gains for the seventh straight session while the tech-heavy Nasdaq Composite added 0.6 percent.

European stocks closed on a weak note Tuesday as Trump's tariff threat prompted worries of a renewed trade war.

The pan European Stoxx 600 dipped 0.6 percent. The German DAX fell 0.6 percent, France's CAC 40 shed 0.9 percent and the U.K.'s FTSE 100 eased 0.4 percent.

Japanese Market Sharply Higher; Up 2%

The Japanese stock market is trading sharply higher on Tuesday, extending the gains in the previous five sessions, despite the broadly negative cues from Wall Street overnight, with the Nikkei 225 surging over 2 percent near the 42,700 level to record all-time highs, with gains across all sectors led by index heavyweights, technology and financial stocks.

RTTNews | 32 minutes ago

Indonesia Stock Market May Be Stuck In Neutral On Tuesday

The Indonesia stock market has tracked higher in back-to-back sessions, improving more than 115 points or 15 percent along the way. The Jakarta Composite Index now sits just above the 7,600-point plateau although it's expected to open in the red on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 40 minutes ago

Renewed Consolidation Likely For Hong Kong Stock Market

The Hong Kong stock market moved higher again on Monday, one session after snapping the four-day winning streak in which it had rallied more than 570 points or 2.4 percent. The Hang Seng Index now rests just above the 24,900-point plateau although it may hand back those gains on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 55 minutes ago

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday after opening in the red, extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks and a mixed performance in mining and technology stocks.

RTTNews | 1h 2min ago

China Stock Market May Hand Back Monday's Gains

The China stock market bounced higher again on Monday, one session after halting the four-day winning streak in which it had gathered almost 80 points or 2.4 percent. The Shanghai Composite Index now sits just beneath the 3,650-point plateau although it's likely to head south again on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 1h 10min ago

Taiwan Shares May Run Out Of Steam On Tuesday

The Taiwan stock market has moved higher in three straight sessions, rallying more than 685 points or 2.9 percent along the way. The Taiwan Stock Exchange now sits just above the 24,135-point plateau although it may be stuck in neutral on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 1h 40min ago

Singapore Q2 GDP Climbs 4.4% On Year

Singapore's gross domestic product expanded 4.4 percent on year in the second quarter of 2025, the Ministry of Trade and Industry said on Tuesday - beating forecasts for 4.3 percent, which would have been unchanged.

RTTNews | 1h 47min ago

Singapore Bourse May Give Up Support At 4,200 Points

The Singapore stock market has finished lower in two straight sessions, slipping more than 25 points or 0.6 percent along the way. The Straits Times Index now sits just above the 4,230-point plateau and it may extend its losses on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 2h 10min ago

EURUSD	1.16203	GBPUSD	1.34321	AUDUSD	0.6518
USDJPY	148.321	USDCAD	1.3774	USDCHF	0.81107