European Shares Seen Flat To Higher At Open

RTTNews | 58 일 전
European Shares Seen Flat To Higher At Open

(RTTNews) - European stocks may open flat to slightly higher on Tuesday as investors evaluate mixed messages from the Trump administration on the tariffs front.

U.S. stock futures slipped after the S&P 500 posted back-to-back winning sessions. U.S. President Donald Trump on Monday suggested that he might temporarily exempt the auto industry from tariffs he previously imposed on the sector, to give carmakers time to adjust their supply chains.

At the same time, the U.S. has launched an inquiry to impose new Trump tariffs on exempted pharma, chip imports, fueling a sense of uncertainty and confusion about Trump's intentions and end goals.

Meanwhile, UBS has cut its China GDP growth forecast to 3.4 percent for 2025 assuming that current tariff hikes will remain and China rolls out additional stimulus.

Investors also await a fresh batch of first-quarter earnings reports from prominent names like Bank of America, Citigroup, Johnson & Johnson and PNC Financial for direction.

In economic news, the latest readings on March's U.S. import and export price indexes as well as the New York Federal Reserve's Empire State Manufacturing Survey results may garner some attention later in the day.

U.K. retail sales increased in March as improving weather boosted house and garden related purchases, the British Retail Consortium said earlier today.

Retail sales grew 1.1 percent on a yearly basis in March. However, this was slower than the 3.5 percent growth in the same period last year.

Asian markets were mixed this morning, with South Korea and Japan logging strong gains.

Treasuries were steady and the dollar index edged higher while gold was slightly lower. Oil traded higher, with U.S.-Iran discussions in focus.

U.S. stocks rose in a choppy session overnight as tech shares surged following a surprise U.S. tariff exemption of smartphones and computers, as well as other devices and components such as semiconductors, from President Trump's new "reciprocal" tariffs.

The Dow and the S&P 500 both climbed around 0.8 percent while the tech-heavy Nasdaq Composite added 0.6 percent.

European stocks ended Monday's session on a buoyant note as investors cheered news of a U.S. tariff exemption for some tech items.

The pan European STOXX 600 climbed 2.7 percent. The German DAX jumped 2.9 percent, France's CAC 40 rallied 2.4 percent and the U.K.'s FTSE 100 gained 2.1 percent.

read more
Singapore Bourse May Extend Thursday's Gains

Singapore Bourse May Extend Thursday's Gains

The Singapore stock market on Thursday ended the two-day slide in which it had fallen more than 15 points or 0.4 percent. The Straits Times Index now sits just above the 3,920-point plateau and it's tipped to open to the upside again on Friday.
RTTNews | 31 분 전
Malaysia Stock Market May See Additional Support

Malaysia Stock Market May See Additional Support

The Malaysia stock market has ticked higher in consecutive trading days, gathering almost 10 points or 0.6 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,525-point plateau and it may add to its winnings again on Friday.
RTTNews | 1 시간 1 분 전
Win Streak May Continue For South Korea Stock Market

Win Streak May Continue For South Korea Stock Market

The South Korea stock market has finished higher in seven straight sessions, collecting more than 225 points or 8.2 percent along the way. The KOSPI now rests just above the 2,920-point plateau and it's tipped to open in the green again on Friday.
RTTNews | 1 시간 31 분 전
New Zealand Manufacturing PMI Data Due On Friday

New Zealand Manufacturing PMI Data Due On Friday

New Zealand will on Friday release May results for the manufacturing PMI from BusinessNZ, highlighting a light day for Asia-Pacific economic activity. In April, the PMI score was 53.9.
RTTNews | 2 시간 26 분 전
Taiwan Shares May Bounce Higher Again On Friday

Taiwan Shares May Bounce Higher Again On Friday

The Taiwan stock market on Thursday ended the three-day winning streak in which it had rallied more than 810 points or 3.6 percent. The Taiwan Stock Exchange now sits just beneath the 22,290-point plateau and it may see renewed support on Friday.
RTTNews | 2 시간 49 분 전
Rebound Anticipated For Japan Stock Market

Rebound Anticipated For Japan Stock Market

The Japan stock market on Thursday ended the four-day winning streak in which it had climbed more than 860 points or 2.5 percent. The Nikkei 225 now sits just beneath the 38,175-point plateau although it may bounce higher again on Friday.
RTTNews | 2 시간 50 분 전
U.S. Dollar Weakens After Soft PPI Data

U.S. Dollar Weakens After Soft PPI Data

The U.S. dollar dropped against its major counterparts in the New York session on Thursday, as soft producer inflation data for May raised hopes of a rate cut by the Federal Reserve.
RTTNews | 6 시간 5 분 전
Canadian Market Up Slightly In Cautious Trade

Canadian Market Up Slightly In Cautious Trade

After a flat start and a subsequent drop, the Canadian market moved into positive territory Thursday morning, led by gains in materials and communications sectors. The mood remains cautious amid uncertainty about U.S.-China trade deal and easing prospects of he European Union arriving at a pact with the U.S. before the July 8 deadline. Middle East tensions also weigh on sentiment.
RTTNews | 7 시간 49 분 전