European Shares Likely To Open On Soft Note

RTTNews | 2 일 전
European Shares Likely To Open On Soft Note

(RTTNews) - European stocks are seen opening broadly lower on Monday as investors react to Trump-Elon Musk feud over the president's tax-and-spending plan and await the high-level U.S.-China trade talks.

After Elon Musk described the "One big beautiful bill" as a "disgusting abomination," U.S. President Donald Trump expressed "disappointment" in Musk and suggested their once great relationship could be over.

The tech billionaire wrote on X: "It's outrageous how much character assassination has been directed at me, especially by me!"

Elsewhere, trade negotiators from the United States and China are expected to reconvene in London today against the backdrop of increased friction that has built up over China's tight grip on the supply of critical minerals for the auto, tech, and defense sectors.

In economic releases, reports on U.S. consumer and producer price inflation and consumer sentiment are likely to be in focus this week after a stronger-than-expected jobs report cooled expectations of interest rate cuts from the Federal Reserve.

On the geopolitical front, U.S. officials said that Russia's threatened retaliation against Ukraine over its drone attack last weekend has not happened yet in earnest and is likely to be a significant, multi-pronged strike.

Asian markets traded mixed as new data showed China's consumer prices fell for a fourth consecutive month in May and producer prices clocked the steepest decline since July 2023, deepening deflation worries.

Separate set of data revealed that China's exports grew slower than expected in May, while imports declined from the last year due to weak domestic demand.

South Korea's Kospi surged 1.4 percent amid hopes on policy reforms after recent presidential election ushered in a new leadership.

Japan's Nikkei average rose about 1 percent as data showed the economy contracted less than initially feared in the first quarter.

The dollar held steady against its major rivals in Asian trade while gold was little changed after losing nearly 2 percent over the previous two sessions. Oil prices also held steady after rallying more than 4 percent last week.

U.S. stocks surged on Friday as a better-than-expected monthly jobs report following some recent downbeat data helped ease economic concerns and Tesla recovered part of the losses from a significant drop in the previous session.

Data showed non-farm payroll employment shot up by 139,000 jobs in May after a downwardly revised 147,000 jobs in April. The unemployment rate came in unchanged at 4.2 percent.

The tech-heavy Nasdaq Composite rallied 1.2 percent and the S&P 500 gained 1 percent to reach their best closing levels in over three months while the narrower Dow climbed 1.1 percent.

European stocks ended mostly higher on Friday as revised data showed the eurozone economy expanded at a much stronger rate than initially expected in the first quarter.

The pan European STOXX 600 rose 0.3 percent. The German DAX finished marginally lower, while France's CAC 40 rose 0.2 percent and the U.K.'s FTSE 100 added 0.3 percent.

read more
European Economic News Preview: UK GDP, Foreign Trade Data Due

European Economic News Preview: UK GDP, Foreign Trade Data Due

Monthly GDP, industrial production and foreign trade from the UK are due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial production and foreign trade figures. The economy is forecast to shrink 0.1 percent on a monthly basis in April, reversing a 0.2 percent rise in March.
RTTNews | 59 분 전
Sensex, Nifty Subdued In Cautious Trade

Sensex, Nifty Subdued In Cautious Trade

Indian shares were subdued on Thursday as investors assessed U.S. President Donald Trump's declaration that a trade deal with China was "done" and that he would set unilateral tariff rates for trading partners within two weeks.
RTTNews | 1 시간 15 분 전
Australian Market Doubles Early Gains In Mid-market

Australian Market Doubles Early Gains In Mid-market

The Australian market is doubling its early gains in mid-market moves on Thursday, extending the gains in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,600 level, with gains in gold miners and energy stocks partially offset by weakness in iron ore miners.
RTTNews | 1 시간 39 분 전
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Thursday, following the broadly negative cues from Wall Street overnight, after US President Donald Trump said he and Chinese President Xi Jinping "are going to work closely together to open up China to American Trade." However, signs of escalating geopolitical tensions in the Middle East are weighing on market sentiment.
RTTNews | 2 시간 30 분 전
Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments

Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments

Indian shares look set to open lower on Thursday as oil prices climbed on signs of rising tensions in the Middle East and U.S. President Donald Trump said he would notify trading partners within the next one to two weeks about the new unilateral tariff rates, with the choice to accept or reject them.
RTTNews | 3 시간 7 분 전
Rally May Stall For Thai Stock Market

Rally May Stall For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, collecting more than 6 points or 0.6 percent along the way. The Stock Exchange of Thailand now rests just above the 1,140-point plateau although it may be stuck in neutral on Thursday.
RTTNews | 3 시간 41 분 전
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, snapping a four-session winning streak, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 38,200 level, with weakness across most sectors led by automakers, exporters and technology stocks. Financial stocks are the only bright spot.
RTTNews | 4 시간 2 분 전
Indonesia Bourse May Extend Wednesday's Losses

Indonesia Bourse May Extend Wednesday's Losses

The Indonesia stock market on Wednesday ended the three-day winning streak in which it had gained almost 190 points or 2.7 percent. The Jakarta Composite Index now rests just above the 7,220-point plateau and the losses may accelerate on Thursday.
RTTNews | 4 시간 11 분 전