European Shares Likely To Open On Firm Note As Middle East Tensions Ease

RTTNews | 491 일 전

(RTTNews) - European stocks are likely to open on a steady note Monday as geopolitical tensions in the Middle East eased, given Iran's tamed response to Israel's apparently small strike against the country.

Asian markets rebounded while gold and the safe-haven dollar pulled back as investors shifted focus to earnings and a slew of U.S. data due this week for directional cues.

This week's trading may be impacted by reaction to the latest U.S. economic data, including reports on new home sales, durable goods orders and personal income and spending.

S&P flash U.S. services PMI and S&P flash U.S. manufacturing PMI readings for April will be released on Tuesday. Thursday will see the release of the U.S. GDP data for the first quarter.

The Commerce Department's personal income and spending report includes readings on inflation said to be preferred by the Federal Reserve.

On the earnings front, Tesla, Boeing, IBM, Caterpillar, Honeywell, Alphabet, Intel, Meta Platforms, Microsoft, Chevron and Exxon Mobil are among the prominent companies due to report their quarterly results.

Crude oil prices extended their decline and were down about 1 percent in Asian trading as market participants continue to unwind the risk premium tied to potential supply disruptions.

Higher-than-expected build in U.S. crude inventories and expectations of delayed rate cuts from the Federal Reserve also weighed on oil prices.

Chicago Federal Reserve President Austan Goolsbee said on Friday that it makes sense to keep policy on hold because of "stalled" progress on inflation.

U.S. stocks ended mixed on Friday, with tech stocks plummeting as Netflix provided disappointing revenue guidance.

The tech-heavy Nasdaq Composite plunged 2.1 percent and the S&P 500 shed 0.9 percent to extend losses for the sixth straight session while the Dow rose 0.6 percent, led by financials and consumer staple stocks.

European stocks also ended mixed on Friday after Israel's apparently small retaliatory strike on Iran.

The pan European STOXX 600 ended flat with a negative bias. The German DAX dipped 0.6 percent and France's CAC 40 finished marginally lower while the U.K.'s FTSE 100 edged up 0.2 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 | 13 분 전

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 | 34 분 전

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 시간 5 분 전

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 시간 45 분 전

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 시간 12 분 전

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 시간 15 분 전

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 시간 30 분 전

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 시간 32 분 전

EURUSD	1.16281	GBPUSD	1.34558	AUDUSD	0.64763
USDJPY	147.714	USDCAD	1.38572	USDCHF	0.80549