European Shares May Open On Soft Note On Hawkish Fed Minutes

RTTNews | 1083 hari yang lalu

(RTTNews) - European stocks are likely to open on a tepid note Thursday, as investors react to hawkish Fed minutes and keep a wary eye on the COVID-19 situation in China.

The dollar index traded weak despite the latest Fed minutes indicating officials intend to keep hiking rates in 2023 and would not ease policy until prices are under control.

Gold dipped slightly while oil prices rose over 1 percent after plunging around 9 percent in the previous two sessions on concerns about the demand outlook in the United States and China.

Asian markets traded mostly higher in cautious trade as hopes for a strong economic recovery in China dwarfed worries over COVID spike and an impending global recession. China's COVID data is not giving an accurate picture of the situation there and underrepresents the number of hospitalizations and deaths from the disease, Mike Ryan, WHO's emergencies director, told reporters in Geneva.

China's central bank said on Wednesday it would keep liquidity reasonably ample and implement a targeted and prudent monetary policy in 2023 to spur domestic consumption and key investment projects.

In economic releases, China's services activity shrank in December, but the pace of recent declines slowed, and business confidence reached a 17-month high, a private survey showed.

German trade and euro area inflation figures will be in focus later in the day.

Across the Atlantic, trading may be impacted by reports on weekly jobless claims, private sector employment and the U.S. trade deficit ahead of the closely watched nonfarm payrolls data on Friday.

U.S. stocks fluctuated before eventually finishing higher overnight, as latest data revealed contraction in manufacturing activity and the minutes from the Fed's December policy meeting showed interest rates will stay high through 2023 to curb "unacceptably high" inflation.

The Dow edged up 0.4 percent, the tech-heavy Nasdaq Composite gained 0.7 percent and the S&P 500 added 0.8 percent.

European stocks closed on a buoyant note Wednesday amid more positive economic data and signs of cooling inflation in the region.

The pan European STOXX 600 jumped 1.4 percent. The German DAX surged 2.2 percent, France's CAC 40 index rallied 2.3 percent and the U.K.'s FTSE 100 rose 0.4 percent.

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Indian Shares Look Headed For Another Positive Start

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Asian Markets Trade Mostly Higher

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Canadian Dollar Rises Against U.S. Dollar

The Canadian dollar advanced against the U.S. dollar in the New York session on Monday.

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Hong Kong Stock Market Tipped To Open In The Green

The Hong Kong stock market has moved higher in four straight sessions, collecting more than 560 points or 2.2 percent in that span. The Hang Seng Index now sits just above the 25,800-point plateau and it may see additional support on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 5j 8min yang lalu

Japanese Market Slightly Higher

The Japanese stock market is trading slightly higher on Tuesday, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 50,400 level, with gains in exporters and financial stocks partially offset by weakness in index heavyweights and technology stocks.

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Win Streak May Continue For China Stock Market

The China stock market has moved higher in four straight sessions, advancing more than 90 points or 2.3 percent along the way. The Shanghai Composite Index now sits just beneath the 3,920-point plateau and it has a solid lead for Tuesday's trade. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 5j 23min yang lalu

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,700 level, with a mixed performance across most sectors ahead of the release of The Reserve Bank of Australia's minutes of the latest monetary policy meeting.

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EURUSD	1.17793	GBPUSD	1.34923	AUDUSD	0.66663
USDJPY	155.929	USDCAD	1.37379	USDCHF	0.78931