European Shares To Open Mostly Lower On Rate Worries, Gaza Ceasefire Uncertainty

RTTNews | 471日前

(RTTNews) - European stocks are seen opening broadly lower on Wednesday as investors assess the Federal Reserve's interest rate stance and keep a wary eye on the ongoing conflict in the Middle East.

The U.S. dollar held firm as traders repriced their expectations for interest rate cuts.

Minneapolis Federal Reserve President Neel Kashkari said Tuesday that rates will likely stay high for an "extending period" and that he would support a hike if inflation stalls near 3 percent.

Investors also wait for further news on events surrounding the Gaza conflict. Israeli troops seized control of Gaza's vital Rafah border crossing on Tuesday as captive-exchange talks continue.

The United States has played down the deadly Israeli assault on Rafah and expressed hope that a ceasefire deal with Hamas was within reach.

Asian stocks slipped into the red, with Japanese markets leading regional losses following the previous session's sharp rise.

Gold edged up slightly while oil extended declines from the previous session as industry data pointed to rising U.S. stockpiles.

In economic releases, Destatis is scheduled to issue Germany's industrial production data for March later in the day. Output is expected to fall 0.6 percent on month, in contrast to the 2.1 percent rise in February.

Overnight, U.S. stocks gave up early gains to end on a flat note as investors awaited more clarity on when the Federal Reserve may start cutting interest rates.

The Dow finished marginally higher to extend gains for the fifth consecutive session and reach a one-month high.

The S&P 500 inched up 0.1 percent to close higher for a fourth straight session while the tech-heavy Nasdaq Composite slipped 0.1 percent.

European stocks rose for a third straight session Tuesday on the back on encouraging bank earnings and solid economic data.

The pan European STOXX 600 jumped 1.1 percent. The German DAX rallied 1.4 percent, France's CAC 40 added 1 percent and the U.K.'s FTSE 100 climbed 1.2 percent.

U.S. Dollar Drops After Powell's Speech

The U.S. dollar weakened against its major counterparts in the New York session on Friday, as Federal Reserve Chair Jerome Powell hinted at a potential rate cut next month.

RTTNews | 49分前

TSX Hits New Record High As Stocks Rally On Fed Rate Cut Hopes

The Canadian market is up firmly in positive territory a little past noon on Friday, with stocks from across several sectors moving higher on strong buying support amid rising hopes of an interest rate cut by the Federal Reserve in September.

RTTNews | 6時19分前

Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates

Federal Reserve Chair Jerome Powell delivered a highly-anticipated speech before the Jackson Hole Economic Symposium on Friday, although he touched only briefly on the outlook for monetary policy. "With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance," Powell said.

RTTNews | 8時28分前

Bay Street Likely To Open On Mixed Note; Powell's Speech Eyed

Canadian shares are likely to open on a somewhat mixed note Friday morning with investors awaiting Fed Chair Jerome Powell's speech at Jackson Hole. Lower commodity prices may weigh a bit early on in the session.

RTTNews | 10時58分前

Sensex, Nifty Snap Six-day Winning Streak On Tariff Concerns

Indian shares fell sharply on Friday after a Trump administration official called India the 'Maharaja' of tariffs and ramped up his criticism over the trade ahead of an expected tariff increase on August 27.

RTTNews | 12時44分前

FTSE 100 Down Slightly; Standard Chartered Shares Up Sharply

U.K. stocks are turning in a mixed performance in cautious trade on Friday, amid a lack of fresh triggers. Investors are awaiting Fed Chair Jerome Powell's speech later in the day at the Jackson Hole Symposium, for clues about U.S. central bank's interest rate move next month.

RTTNews | 12時50分前

U.S. Dollar Rises Ahead Of Fed's Powell Speech

The U.S. dollar strengthened against other major currencies in the European session on Friday, as traders expect speech by Fed Chair Jerome Powell at the Jackson Hole Symposium.

RTTNews | 12時54分前

CAC 40 Up Slightly In Lackluster Trade

French stocks are mostly subdued on Friday with investors refraining from making significant moves, choosing to wait for key speeches from central bank chiefs at the Jackson Hole Symposium. The focus is on Fed Chair Jerome Powell's speech for clues about interest rate cuts in September.

RTTNews | 13時12分前

EURUSD	1.17215	GBPUSD	1.35266	AUDUSD	0.64914
USDJPY	146.942	USDCAD	1.38264	USDCHF	0.80144