European Shares Set For Cautious Open Ahead Of Powell Speech

RTTNews | 3日前

(RTTNews) - European stocks may open on a cautious note on Friday, with Federal Reserve Chair Jerome Powell's comments at Jackson Hole, Wyoming, likely to be in the spotlight amid an otherwise quiet day on the economic front.

Stronger U.S. economic data and hawkish comments on inflation from Fed officials have led money markets to price a 70 percent chance of a September rate cut, down from 90 percent a week ago.

Powell is scheduled to speak at 10 a.m. New York time following remarks from several Fed officials.

Fed Bank of Cleveland chief Beth Hammack said Thursday during an interview that she wouldn't be willing to cut rates in September, based on the data available today.

Other Fed officials also struck similarly hawkish tone. Atlanta Fed President Raphael Bostic said he still sees just one rate cut this year as appropriate. Jeffrey Schmid, president of the Kansas City Fed, said he remains wary of inflation pressures in the economy.

Fed Chicago President Austan Goolsbee stated that the U.S. central bank has been getting mixed messages on the economy.

Asian markets were mixed as traders pared back wagers on imminent Federal Reserve interest-rate cuts and braced for Powell's speech.

Fed impendence concerns resurfaced after the U.S. Justice Department called for Federal Reserve governor Lisa Cook to be removed from her post in the latest escalation of the Trump administration's assault on the central bank.

President Trump's housing-finance chief, Bill Pulte, confirmed that he filed a criminal referral against her for alleged mortgage fraud made in 2021.

Treasuries were little changed after falling across the curve in the New York session. Japan's 10-year yields hit a 17-year peak after July core inflation came in at 3.1 percent, against an estimate for 3 percent.

The dollar was steady and gold ticked lower while oil steadied after two days of gains.

Overnight, U.S. stocks ended mostly lower as Walmart reported weaker than expected second quarter earnings and new data showed the number of Americans filing new applications for jobless benefits rose by the most in about three months last week, adding to signs of a slowing labor market.

On the contrary, U.S. business activity picked up pace in August and existing home sales posted a surprising rebound in July.

The S&P 500 dropped 0.4 percent to end lower for the fifth consecutive session while the tech-heavy Nasdaq Composite and the Dow both fell around 0.3 percent.

European stocks ended mixed on Thursday as U.S. and European Union officials announced a written framework for their long-discussed trade deal.

The pan European STOXX 600 ended flat after three days of gains. The German DAX edged up marginally and the U.K.'s FTSE 100 rose 0.2 percent while France's CAC 40 dipped 0.4 percent.

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.

RTTNews | 11分前

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.

RTTNews | 32分前

Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

RTTNews | 1時3分前

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 1時43分前

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | 2時11分前

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2時13分前

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2時28分前

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | 2時31分前

EURUSD	1.16281	GBPUSD	1.34555	AUDUSD	0.64758
USDJPY	147.713	USDCAD	1.38562	USDCHF	0.80549