European Shares Seen Opening Mixed In Lackluster Trade

RTTNews | 568 days ago
European Shares Seen Opening Mixed In Lackluster Trade

(RTTNews) - European stocks may open mostly lower on Thursday, though U.K. markets may rise at open after ending slightly lower in the previous session.

Trading volumes may remain subdued somewhat due to the Thanksgiving Day holiday in the U.S. There will be a shortened session on Wall Street Friday.

Asian stocks traded mixed in range-bound trade, with Japanese markets closed on account of Workers Day.

China's property sector remained in focus as Shenzhen rolled out two new homebuying measures and the government placed Country Garden Holdings Co. and Sino-Ocean Group on a draft list of 50 developers eligible for a range of financing support.

Gold edged higher amid broader dollar weakness and lower Treasury yields.

Oil prices fell over 1 percent to extend overnight losses on data showing a substantial build in U.S. crude stocks and news that the OPEC+ group of oil producing countries would delay a meeting to discuss output cuts.

In economic releases, French business sentiment survey results and flash purchasing managers' survey results from euro area and the U.K. are due later in the session.

The European Central Bank is set to publish the account of the monetary policy meeting of the Governing Council held on October 25 and 26.

U.S. stocks ended slightly higher overnight ahead of the Thanksgiving holiday. A spate of economic data, including jobless claims, durable goods, and consumer sentiment, suggested that the economy is softening but is still resilient enough to potentially avoid recession as the Federal Reserve prefers.

The Dow and the tech-heavy Nasdaq Composite both gained around half a percent while the S&P 500 inched up 0.4 percent.

European stocks mostly rose on Wednesday amid dovish Fed expectations, easing Middle East tensions and talk of early U.K. election. The pan European STOXX 600 inched up 0.3 percent.

The German DAX and France's CAC 40 both rose about 0.4 percent while the U.K.'s FTSE 100 eased 0.2 percent after the government cut taxes in the Autumn statement.

read more
European Shares Set For Gap-down Open

European Shares Set For Gap-down Open

European shares are seen opening sharply lower on Friday as trade uncertainties and escalating geopolitical tensions sparked flight to safety.
RTTNews | 22 minutes ago
European Economic News Preview: Eurozone Industrial Output, Trade Data Due

European Economic News Preview: Eurozone Industrial Output, Trade Data Due

Industrial production and foreign trade from the euro area and final inflation figures from Germany and France are the top economic news due on Friday. At 2.00 am ET, Destatis is scheduled to issue Germany's final consumer and harmonized prices and wholesale prices for May. The flash estimate showed that consumer price inflation remained unchanged at 2.1 percent.
RTTNews | 1h 9min ago
Australian Market Doubles Early Losses In Mid-market

Australian Market Doubles Early Losses In Mid-market

The Australian stock market is doubling its early loses in mid-market moves on Friday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,550 level, with weakness is technology stocks partially offset by gains in gold miners and energy stocks.
RTTNews | 2h 43min ago
Asian Markets A Sea Of Red

Asian Markets A Sea Of Red

Asian stock markets are a sea of red on Friday, despite the broadly positive cues from Wall Street overnight, amid heightening geopolitical tensions in the Middle East region after Israel launched a preemptive strike against Iran in a major escalation of the regional conflict. US officials confirmed that the U.S. had no involvement or role in the operation. Asian markets ended mixed on Thursday.
RTTNews | 3h 1min ago
Thai Stock Market May Erase Thursday's Losses

Thai Stock Market May Erase Thursday's Losses

The Thai stock market on Thursday ended the two-day winning streak in which it had risen more than 6 points or 0.6 percent. The Stock Exchange of Thailand now rests just beneath the 1,130-point plateau and it's expected to open higher on Friday.
RTTNews | 4h 8min ago