European Shares Seen Up In Cautious Trade

RTTNews | 1072日前
European Shares Seen Up In Cautious Trade

(RTTNews) - European stocks are likely to open higher on Wednesday after Wall Street stocks bounced back from an early slide to end on a mixed note overnight, thanks to a recovery in technology stocks.

Asian markets were broadly lower as fears of an economic downturn deepened. Fresh COVID-19 outbreaks in China put millions under lockdown in major tourist cities, adding to uncertainty on growth prospects.

Oil prices rose over 1 percent in Asian trading after plunging 8 percent to drift below $100 a barrel for the first time since May on Tuesday amid fears that a recession will hit global demand for fuel.

Gold edged up from a near seven-month low hit in the previous session as the dollar rally paused and the two-year Treasury yield dropped below the 10-year yield amid optimism that inflation may have peaked.

Elsewhere, the pound held losses after the latest political turmoil. Boris Johnson's premiership is on the brink after finance and health ministers resigned in quick succession saying they could no longer tolerate the culture of scandals that have damaged his administration.

Factory orders data from Germany and retail sales figures from the eurozone are due later in the day, headlining a light day for the European economic news.

Across the Atlantic, investors await the minutes from the Fed's June meeting for clues related to the upcoming rate hike path.

U.S. stocks ended mixed overnight as concerns about the state of the economy offset signs of an easing in U.S.-China tensions.

The Dow slipped 0.4 percent while the S&P 500 edged up 0.2 percent and the tech-heavy Nasdaq Composite gained 1.8 percent.

European stocks nosedived on Tuesday as weak business activity data, record high gas prices and signs of repeated mass testing in China reignited worries of a recession.

The pan European Stoxx 600 lost 2.1 percent. The German DAX and the U.K.'s FTSE 100 both plunged around 2.9 percent, while France's CAC 40 index gave up 2.7 percent.

read more
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Thursday, following the broadly negative cues from Wall Street overnight, after US President Donald Trump said he and Chinese President Xi Jinping "are going to work closely together to open up China to American Trade." However, signs of escalating geopolitical tensions in the Middle East are weighing on market sentiment.
RTTNews | 40分前
Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments

Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments

Indian shares look set to open lower on Thursday as oil prices climbed on signs of rising tensions in the Middle East and U.S. President Donald Trump said he would notify trading partners within the next one to two weeks about the new unilateral tariff rates, with the choice to accept or reject them.
RTTNews | 1時17分前
Rally May Stall For Thai Stock Market

Rally May Stall For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, collecting more than 6 points or 0.6 percent along the way. The Stock Exchange of Thailand now rests just above the 1,140-point plateau although it may be stuck in neutral on Thursday.
RTTNews | 1時50分前
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, snapping a four-session winning streak, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 38,200 level, with weakness across most sectors led by automakers, exporters and technology stocks. Financial stocks are the only bright spot.
RTTNews | 2時12分前
Indonesia Bourse May Extend Wednesday's Losses

Indonesia Bourse May Extend Wednesday's Losses

The Indonesia stock market on Wednesday ended the three-day winning streak in which it had gained almost 190 points or 2.7 percent. The Jakarta Composite Index now rests just above the 7,220-point plateau and the losses may accelerate on Thursday.
RTTNews | 2時20分前
Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian market is trading slightly higher on Thursday, extending the gains in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving a tad above the 8,600 level, with gains in gold miners and eergy partially offset by weakness in iron ore miners.
RTTNews | 2時33分前
Hong Kong Bourse May Hand Back Wednesday's Gains

Hong Kong Bourse May Hand Back Wednesday's Gains

The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,360-point plateau and it's likely to remain rangebound on Thursday.
RTTNews | 2時35分前
Lower Open Anticipated For Taiwan Stock Market

Lower Open Anticipated For Taiwan Stock Market

The Taiwan stock market has moved higher in three straight sessions, accelerating more than 810 points or 3.6 percent along the way. The Taiwan Stock Exchange now sits just above the 22,470-point plateau although it's expected to open under water on Thursday.
RTTNews | 3時20分前