European Shares To See Firm Start Ahead Of Flash PMI Data

RTTNews | 657日前

(RTTNews) - European stocks may open a tad higher on Wednesday as investors assess private business activity surveys from Asia and await Nvidia Corp.'s earnings later in the day.

Data showed Japan's factory activity shrank in August and Australia's business activity contracted at the fastest pace in 19 months, adding to concerns over slowing global growth.

PMIs from the U.S. and euro zone as well as a report on U.S. new home sales are awaited as investors brace for Federal Reserve chair Jerome Powell's Jackson Hole speech on Friday.

Asian markets traded mixed while China's yuan inched higher following a string of supportive measures from the People's Bank of China.

Gold ticked higher, benefiting from a pullback in the dollar and Treasury yields.

Oil prices were marginally higher after the American Petroleum Institute (API) reported a 2.418-million-barrel draw on U.S. crude inventories.

U.S. stocks ended mixed overnight as disappointing housing data helped the 10-year Treasury yield to ease from a fresh 16-year high hit earlier in the global day.

Banking stocks were sold off after S&P Global Ratings downgraded several regional banks by one notch.

The tech-heavy Nasdaq Composite finished marginally higher, while the S&P 500 eased 0.3 percent and the Dow shed half a percent.

European stocks gained for a second consecutive session on Tuesday as chipmakers rallied ahead of Nvidia's earnings release.

The pan European STOXX 600 rose 0.7 percent. The German DAX climbed 0.7 percent, France's CAC 40 added 0.6 percent and the U.K.'s FTSE 100 edged up 0.2 percent.

Japan Producer Price Data Due On Wednesday

Japan will on Tuesday release May figures for producer prices, highlighting a light day for Asia-Pacific economic activity. In April, producer prices were up 0.2 percent on month and 4.0 percent on year.

RTTNews | 1時9分前

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 | 2時56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 | 3時2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 | 3時43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 | 5時8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 | 5時24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 | 6時31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 | 7時7分前

EURUSD	1.1432	GBPUSD	1.35012	AUDUSD	0.65258
USDJPY	144.922	USDCAD	1.36676	USDCHF	0.82236

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European Shares To See Firm Start Ahead Of Flash PMI Data