European Shares Rally As Investors Look To Fed, BoE Meetings

RTTNews | 1029 hari yang lalu

(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.

European Economic News Preview: German GfK Consumer Confidence Due

Consumer sentiment survey data from Germany is the top economic news due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the market research group GfK publishes Germany's monthly consumer confidence survey results. The consumer sentiment indicator is forecast to fall to -22 in September from -21.5 in August.

RTTNews | 43 minit yang lalu

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending it early gains in mid-market moves on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks.

RTTNews | 1j 32min yang lalu

Asian Markets Mixed In Cautious Trades

Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious and seem reluctant to make significant moves 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, which could impact the outlook for interest rates.

RTTNews | 1j 36min yang lalu

Mild Upside Seen For Thai Stock Market

The Thai stock market on Tuesday ended the two-day winnings streak in which it had picked up almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it figures to move back to the upside again on Wednesday.

RTTNews | 3j 3min yang lalu

Japanese Market Slightly Lower

The Japanese stock market is slightly lower in choppy trading on Wednesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is staying below the 42,400 level, with a mixed performance across all sectors.

RTTNews | 3j 21min yang lalu

Indonesia Shares May Reverse Tuesday's Losses

The Indonesia stock market headed south again on Tuesday, one day after snapping 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 7,900-point plateau although it's looking to bounce higher again on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.

RTTNews | 3j 33min yang lalu

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains in mining and financial stocks.

RTTNews | 3j 39min yang lalu

Hong Kong Shares Expected To Open To The Upside

The Hong Kong stock market on Tuesday ended the two-day winning streak in which it had advanced more than 825 points or 3.4 percent. The Hang Seng Index now rests just above the 25,520-point plateau although it may find renewed support on Wednesday.

RTTNews | 3j 48min yang lalu

EURUSD	1.16145	GBPUSD	1.34477	AUDUSD	0.64841
USDJPY	147.955	USDCAD	1.38438	USDCHF	0.80525