European Shares Rally As Investors Look To Fed, BoE Meetings

RTTNews | 1028 일 전

(RTTNews) - European stocks were sharply higher on Tuesday as markets held out hopes for a slowdown in some central banks' rate hikes.

The U.S. dollar edged lower and Eurozone yields fell as focus shifted to a two-day policy meeting of the Federal Reserve that gets underway later today.

It is widely believed that Fed might signal a slowdown of its tightening path after delivering a 75-bps rate hike on Wednesday.

Doubts remain, however, about whether the Fed will soften hits hawkish stance amid many risks surrounding the inflation outlook.

The Bank of England is scheduled to announce its policy decision on Thursday, with economists expecting a 75-bps rate hike.

The pan European STOXX 600 rallied 1.2 percent to 417.20 after gaining 0.4 percent in the previous session.

The German DAX surged 1 percent, France's CAC 40 index added 1.6 percent and the U.K.'s FTSE 100 was up 1.4 percent.

Credit Suisse gained nearly 2 percent after the Swiss lender confirmed an extraordinary general meeting will take place on November 23 to approve a proposed capital increase.

Miners Anglo American, Antofagasta and Glencore surged 3-5 percent in London after reports emerged that China is looking at ways to exit its zero-COVID policy.

Oil & gas giant BP Plc fell about 1 percent despite posting bumper profits.

Peer Shell and TotalEnergies both gained around 1.6 percent, tracking higher oil prices after OPEC raised its forecasts for world oil demand in the medium- and longer-term in an annual outlook released on Monday.

Shares of online grocery store Ocado soared 33 percent after the company partnered with South Korean retail company Lotte Shopping.

Westminster Group plunged 25 percent after the supplier of managed services and technology-based security solutions said that fiscal 2022 revenue outturn will be approximately a third below market expectations.

Alcoholic beverage firm Diageo added 1.5 percent after announcing it is starting the final phase of its share buyback.

Japan Stock Market May Spin Its Wheels On Tuesday

The Japan stock market has moved higher in back-to-back sessions, gathering almost 200 points or 0.5 percent along the way. The Nikkei 225 now rests just above the 42,800-point plateau although it may be stuck in neutral 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. The Nikkei finished modestly higher on Monday following gains from the financial shares, weakness from the technology stocks and a mixed picture from the automobile companies. For the day, the index advanced 174.53 points or 0.41 percent to finish at 42,807.82 after trading between 42,681.37 and 43,201.42. Among the actives, Nissan Motor accelerated 3.15 percent, while Mazda Motor shed 0.55 percent, Toyota Motor eased 0.10 percent, Honda Motor climbed 1.01 percent, Softbank Group soared 3.53 percent, Mitsubishi UFJ Financial dipped 0.11 percent, Mizuho Financial collected 0.79 percent, Sumitomo Mitsui Financial added 0.41 percent, Mitsubishi Electric rose 0.35 percent, Sony Group slumped 1.11 percent, Panasonic Holdings lost 0.49 percent and Hitachi fell 0.24 percent.

RTTNews | 28 분 전

KOSPI May Run Out Of Steam On Tuesday

The South Korea stock market has tracked higher in three straight sessions, collecting almost 80 points or 2.6 percent along the way. The KOSPI now sits just shy of the 3,210-point plateau although it's due for consolidation 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 | 43 분 전

RBA Minutes On Tap For Tuesday

The Reserve Bank of Australia will on Tuesday release the minutes from its August 12 monetary policy meeting, highlighting a modest day for Asia-Pacific economic activity.

RTTNews | 1 시간 43 분 전

U.S. Dollar Climbs Against Majors

The U.S. dollar strengthened against its major counterparts in the New York session on Monday.

RTTNews | 2 시간 55 분 전

Swiss Market Ends Moderately Lower

After a weak start and a subsequent long spell in negative territory, the Switzerland market briefly moved slightly above the flat line in late afternoon trades on Monday, but quickly tumbled again to eventually settle on a weak note.

RTTNews | 5 시간 41 분 전

European Markets Close Weak After Cautious Session

European stocks closed on a weak note on Monday after a cautious session as investors awaited key inflation data from major economies in the region, and looked for more details about U.S. - EU trade deal.

RTTNews | 6 시간 1 분 전

Canadian Market Down More Than 0.5% On Profit Taking

After opening slightly down, the Canadian market slipped deeper into the red on Monday, weighed down by losses in healthcare, consumer staples, utilities and materials sectors.

RTTNews | 6 시간 41 분 전

U.S. New Home Sales Pull Back From Upwardly Revised Level In July

New home sales in the U.S. decreased from an upwardly revised level in the month of July, according to a report released by the Commerce Department on Monday. The Commerce Department said new home sales fell by 0.6 percent to an annual rate of 652,000 in July after surging by 4.1 percent to an upwardly revised rate of 656,000 in June.

RTTNews | 8 시간 25 분 전

EURUSD	1.16148	GBPUSD	1.34521	AUDUSD	0.64809
USDJPY	147.836	USDCAD	1.38589	USDCHF	0.80621