European Shares To Follow Asian Peers Higher On China Optimism

RTTNews | 652日前

(RTTNews) - European stocks are likely to open higher on Monday after China announced new measures to revive its capital markets and boost investor confidence.

China approved the launch of 37 retail funds over the weekend and also halved the stamp duty on stock trading in the latest attempt to boost struggling markets.

The new measures to woo investors came as data showed China's industrial profits extended a slump into a seventh month.

Asian markets were broadly higher, with benchmark indexes in Shanghai, Hong Kong and Tokyo rising around 2 percent.

The Japanese yen hovered close to its lowest in over nine months after BOJ Governor Kazuo Ueda stated at a Fed symposium on Saturday that underlying inflation in the country remains "a bit below" the central bank's target.

Gold traded marginally higher while the dollar eased from a 12-week high ahead of U.S. readings on U.S. jobs and inflation due this week that could decide whether interest rates have to rise again.

Oil prices were slightly lower on prospects of higher supply amid signs of easing sanctions on Iran and Venezuela.

U.S. stocks finished Friday's session on an upbeat note after Fed Chair Jerome Powell expressed confidence in continued economic growth and reiterated the central bank's commitment to pull inflation back to the 2 percent target.

Comments from other Fed officials also gave the market confidence that the Fed is nearing the end of its rate hiking cycle.

The Dow and the S&P 500 both rose about 0.7 percent while the tech-heavy Nasdaq Composite climbed 0.9 percent.

European markets closed on a mixed note Friday as investors reacted to Powell's comments at the Jackson Hole Symposium and encouraging economic data from the region.

The pan European STOXX 600 ended flat with a negative bias. The German DAX and the U.K.'s FTSE 100 both finished marginally higher while France's CAC 40 rose 0.2 percent.

Gold Dips As US-China Trade Talks Continue

Gold prices dipped on Tuesday, ahead of US inflation report and ongoing US-China official talks, which is now the focus of investors from all over the world. Front Month Comex Gold for June delivery lost $11.20 (or 0.34%) to $3320.90 per troy ounce on Tuesday. Front Month Comex Silver for June delivery lost $14.60 cents (or 0.40%) to $36.542 today. The much-anticipated high-level trade talks between the world's two largest economies, U.S. and China, began on Monday in London and continued for the second day today. On the economic data front, the US Labor Department will release Consumer Price Index (CPI) data on Wednesday, which may help to determine the Federal Reserve's monetary policy before the Fed's June 17-18 meeting. Meanwhile, the World Bank, in its biannual Global Economic Prospects, has cut the global growth forecast to 2.3% from 2.7% for the current year citing "trade barriers" as a reason behind the global slowdown.

RTTNews | 1時36分前

Crude Oil Prices Fade As US-China Talks Progress

Crude oil prices were down on Tuesday amidst uncertainty over trade talks between China and the United States continued, although the outcome remains uncertain. WTI oil closed down by $0.31 to settle at $64.98 per barrel. August Brent crude was last seen down by $0.03 to $67.01. To ease the standstill created by the reciprocal tariffs imposed by U.S. President Donald Trump and China, high-level officials from both nations convened at London on Monday to discuss steps to soften the conflict. As the talks went on for the second day today, Trump told reporters at the White House that the talks were "going well" and that he was "only getting good reports." While U.S. Treasury Secretary Scott Bessent described Monday's talks as "good meeting," the Commerce Secretary Howard Lutnick called them as "fruitful." On the geopolitical front, however, Russia showed no sign of relenting on its war with Ukraine and continued its attacks. Limiting the downside, the U.S. Energy Information Administration has reported today that US crude oil production is likely to decline over the next 18 months - while the approach of the summer driving season is also good news.

RTTNews | 1時41分前

Canadian Dollar Appreciates Amid Risk Appetite

The Canadian dollar climbed against its major counterparts in the New York session on Tuesday, as investors monitored trade talks between the U.S. and China that continued for a second day.

RTTNews | 2時22分前

Swiss Market Ends Marginally Down

Save for a very brief while at the start, the Switzerland market stayed weak on Tuesday as investors refrained from making significant moves, choosing to wait for directional clues. Investors awaited the outcome of the high-level trade discussions between U.S. and Chinese officials in London.

RTTNews | 3時47分前

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Tuesday with investors mostly making cautious moves as they awaited the outcome of the ongoing Sino-U.S. trade talks in London. German stocks are drifting lower on Tuesday as investors await the outcome of high-level U.S. - China trade talks in London.

RTTNews | 4時3分前

TSX Up Marginally; Energy Stocks Rise

After a flat start and a subsequent climb up north, the Canadian market retreated Tuesday morning, and at a little past noon, was up marginally, led by gains in energy, consumer and communications sectors. Investors are cautiously optimistic about some positive progress in U.S.-China trade relations.

RTTNews | 5時10分前

U.S. Stocks Mostly Subdued In Lackluster Trade

U.S. stocks are turning in a mixed performance in lackluster trade on Tuesday as traders await the outcome of the ongoing trade talks between China and the U.S. in London. Trade negotiations between the world's two largest economies commenced on Monday, and no big breakthrough seems to have been arrived as yet.

RTTNews | 5時46分前

Eurozone Investor Confidence Strongest In A Year: Sentix

Euro area investor morale rose to the highest level in a year in June, driven by the economic recovery in Germany, survey data from the behavioral research institute Sentix showed Tuesday. The investor sentiment index rose to +0.2 in June from -8.1 in May. This was the highest reading since June 2024 and remained well above economists' forecast of -6.0.

RTTNews | 8時41分前

EURUSD	1.14227	GBPUSD	1.34948	AUDUSD	0.65228
USDJPY	144.845	USDCAD	1.36701	USDCHF	0.82218

Advertisement

European Shares To Follow Asian Peers Higher On China Optimism