Asian Shares Advance Ahead Of US Inflation Data

RTTNews | Před 980 dny
Asian Shares Advance Ahead Of US Inflation Data

(RTTNews) - Asian stocks rose broadly on Tuesday as focus shifted to U.S. inflation data due later in the day that could show some signs of softening in August.

The Federal Reserve, however, is expected to deliver another 75-basis-point interest rate hike next week after two such moves in June and July.

The dollar steadied ahead of U.S. CPI data while oil extended overnight gains amid uncertainty about revival of the Iranian nuclear deal and growing speculation about the impact of Ukraine's offensive around Kharkiv on supply of Russian oil.

Chinese shares finished marginally higher while Hong Kong's Hang Seng index slipped 0.18 percent to 19,326.86 after last week's strong rebound.

Japanese shares eked out modest gains, led by energy and travel-related stocks. The Nikkei average rose 0.25 percent to 28,614.63 while the broader Topix index closed 0.32 percent higher at 1,986.57.

Inpex Corp, Japan Petroleum, ANA Holdings and H.I.S. gained 1-4 percent. Video game maker Nintendo jumped 5.5 percent after it reported record domestic launch sales for its shooter "Splatoon 3" on the Switch console.

A strengthening yen weighed on the auto sector, with Mitsubishi Motors, Subaru and Mazda losing 2-4 percent.

Seoul stocks posted strong gains as traders returned to their desks following the four-day Chuseok fall harvest holiday.

The Kospi average climbed 2.74 percent to 2,449.54, with tech and battery stocks leading the surge amid growing expectations that U.S. inflation may have peaked. Samsung Electronics, SK Hynix and Samsung SDI all rallied around 5 percent.

Australian markets hit over two-week high as banks benefited from expectations of higher interest rates.

The benchmark S&P/ASX 200 index gained 0.65 percent to end at 7,009.70, its highest closing level since Aug 26 and extending gains for a fourth straight session.

The broader All Ordinaries index rose 0.63 percent to 7,253.70 after a measure of Australian consumer confidence rose for the first time in 10 months.

Ramsay Health Care shares slumped 10.4 percent after a KKR-led consortium said it was unwilling to improve its US$14.5 billion cash-and-stock offer for the hospital operator.

Across the Tasman, New Zealand's benchmark S&P/NZX-50 index dropped 0.43 percent to 11,762.15.

U.S. stocks closed higher for a fourth consecutive session overnight and the dollar weakened amid expectations that inflation may have peaked. Ukraine's military successes in the war with Russia also boosted sentiment.

The Dow rose 0.7 percent, the tech-heavy Nasdaq climbed 1.3 percent and the S&P 500 added 1.1 percent.

read more
Canadian Dollar Rises As Inflation Climbs

Canadian Dollar Rises As Inflation Climbs

The Canadian dollar advanced against its most major counterparts in the New York session on Tuesday, after a data showed that inflation accelerated in April.
RTTNews | Před 1 h 25 min
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Switzerland market suffered a mild setback in early trades on Tuesday, but recovered soon and then stayed firm right till the end of the session to finish with a modest gain. Investors tracked corporate news and the developments on the geopolitical front.
RTTNews | Před 2 h 13 min
European Stocks Recover After Weak Start, Close Broadly Higher

European Stocks Recover After Weak Start, Close Broadly Higher

European stocks closed broadly higher on Tuesday amid easing tariff worries, and expectations that Russia and Ukraine would soon begin ceasefire negotiations. The UK-EU trade agreement on Monday contributed as well to the positive mood in European markets.
RTTNews | Před 2 h 34 min
TSX Extends Gains To 10th Straight Session, Hits New Record High

TSX Extends Gains To 10th Straight Session, Hits New Record High

Canadian shares are up in positive territory Tuesday morning, extending gains to a tenth straight session, amid easing concerns about tariffs, and some brisk buying in gold stocks on safe-haven appeal following Moody's downgrading U.S. credit rating, citing debt concerns. Investors are also digesting a report showing a drop in Canada's annual inflation rate.
RTTNews | Před 4 h 5 min
Honda Cuts EV Sales, Investment Targets As It Shifts Focus

Honda Cuts EV Sales, Investment Targets As It Shifts Focus

Honda Motor Co., Ltd. announced Tuesday that it is realigning automobile business strategy, with a cut in planned electric vehicle or EV sales ratio, and investment for automobile electrification due to the recent market slowdown. Meanwhile, Honda expects a minimal increase in investment related to Hybrid Electric Vehicle or HEV business.
RTTNews | Před 5 h 5 min
U.S. Dollar Slides Amid U.S. Tariff Uncertainty

U.S. Dollar Slides Amid U.S. Tariff Uncertainty

The U.S. dollar weakened against other major currencies in the European session on Tuesday, due to fiscal and economic concerns amid uncertainties about U.S. tariffs.
RTTNews | Před 8 h 1 min