European Shares Seen Flat To Lower As China Data Disappoints

RTTNews | 833 일 전

(RTTNews) - European stocks look set to open broadly lower on Tuesday as investors react to disappointing Chinese data and await more news regarding the U.S. debt ceiling negotiations.

China's industrial production and retail sales numbers for April missed expectations but still rose at a steady clip from the prior month, pointing to an uneven economic recovery and fueling the debate over the need for additional stimulus.

Asian markets traded mostly higher while the dollar weakened as investors await outcome of the ongoing $31.4 trillion U.S. debt ceiling negotiations.

Gold prices were muted in lackluster trade while oil rose for a second straight session as wildfires in Canada fueled supply worries and the U.S. started soliciting bids for crude to fill its depleted strategic reserves.

Unemployment data from the U.K. and economic sentiment figures from Germany are due later in the session, headlining a busy day for the European economic news.

Across the Atlantic, traders are likely to keep an eye on reports on retail sales and industrial production.

U.S. stocks ended mostly higher overnight as reports of progress on debt ceiling talks outweighed data showing a substantial downturn in regional manufacturing activity in May.

Both President Joe Biden and Treasury Secretary Janet Yellen expressed optimism about an eventual agreement on raising the U.S. debt.

The Dow inched up 0.1 percent to snap a five-session losing streak and the tech-heavy Nasdaq Composite climbed 0.7 percent to reach its best closing level in well over eight months while the S&P 500 added 0.3 percent.

European stocks eked out marginal gains on Monday after the European Commission upgraded the continent's 2023-24 growth outlook.

The pan European STOXX 600 gained 0.3 percent. The German DAX and France's CAC 40 edged up marginally while the U.K.'s FTSE 100 rose 0.3 percent.

Sensex, Nifty Deep In The Red On Tariff Worries

Indian shares opened on a sluggish note on Tuesday after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.

RTTNews | 39 분 전

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 | 1 시간 52 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 | 2 시간 13 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 | 2 시간 44 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 | 3 시간 24 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 | 3 시간 52 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 | 3 시간 54 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 | 4 시간 9 분 전

EURUSD	1.16304	GBPUSD	1.34539	AUDUSD	0.64785
USDJPY	147.882	USDCAD	1.38552	USDCHF	0.80577