European Shares Poised For Firm Start

RTTNews | 915 days ago
European Shares Poised For Firm Start

(RTTNews) - European stocks are likely to open on a firm note Wednesday, even as a cautious undertone may prevail amid lingering worries over the Russia-Ukraine conflict and uncertainty over the Fed's rate hike path.

Investors also remain apprehensive about the economic and corporate earnings outlook.

After Ukraine claimed that about 400 Russian soldiers were killed in an attack on military quarters in Makiivka on Sunday, Russia acknowledged its worst military losses since the war in Ukraine began.

Russia's defense ministry has so far conceded that 89 people were killed in the Ukrainian attack on New Year's Eve.

Asian markets traded mostly higher on optimism that the latest COVID-19 wave in China may have already peaked. Japan's Nikkei fell over 1 percent as trading resumed after a long holiday weekend.

The dollar eased slightly ahead of the release of the Fed minutes later in the day, which could impact the outlook for interest rates.

The yen held steady amid efforts by the Bank of Japan to depress yields on government debt.

Gold edged higher, drawing support from recession worries after former New York Federal Reserve President William Dudley said a recession is likely because of what the Fed has to do.

Oil prices extended losses after falling more than 4 percent in the U.S. trading session on fuel demand concerns.

U.S. stocks fell overnight, and the dollar jumped, as caution set ahead of key macroeconomic data due this week that could offer additional clues on when and where interest rates might peak.

The Dow finished marginally lower, while the tech-heavy Nasdaq Composite shed 0.8 percent and the S&P 500 eased 0.4 percent.

European stocks closed on a firm note Tuesday to extend gains from the previous session, as Chinese state-media downplayed the seriousness of the COVID-19 pandemic and data showed German consumer inflation slowed in December.

The pan European STOXX Europe 600 rallied 1.2 percent. The German DAX rose 0.8 percent, France's CAC 40 index gained 0.4 percent and the U.K.'s FTSE 100 climbed 1.4 percent.

read more
Swiss Market Slumps On Monday

Swiss Market Slumps On Monday

The Swiss stock market extended its losing streak to three sessions on Monday, shedding almost 40 points or 0.3 percent since the middle of last week.
RTTNews | 2h 8min ago
European Markets Close Mixed On Monday

European Markets Close Mixed On Monday

The major European markets closed mixed on Monday, mired in uncertainty over U.S. trade policies after the Trump administration indicated the deadline for imposing new tariffs on U.S. trade partners has been extended until August 1st.
RTTNews | 2h 18min ago
Tesla Shares Hit By Elon Musk's Plan To Form New Political Party

Tesla Shares Hit By Elon Musk's Plan To Form New Political Party

Tesla Inc. shares were losing around 8% in the morning trading on the Nasdaq on Monday after CEO Elon Musk announced his plans to launch a new U.S. political party following his ongoing feud with President Donald Trump over the 'One Big, Beautiful Bill.' Tesla founder and the former head of the Department of Government Efficiency or DOGE, launched the 'America Party' on Saturday in the latest...
RTTNews | 3h 49min ago
FTSE 100 Trades Below The Flatline

FTSE 100 Trades Below The Flatline

Persisting tensions on the trade front and growing concerns over U.K.'s fiscal outlook dampened sentiment and dragged down the FTSE 100 to negative territory.
RTTNews | 5h 52min ago
Domino's Pizza's Online $9.99 Offer Of Any Pizza With Any Toppings On July 7- Aug. 3

Domino's Pizza's Online $9.99 Offer Of Any Pizza With Any Toppings On July 7- Aug. 3

Domino's Pizza Inc., the largest pizza company in the world, announced its "Best Deal Ever' promotion, offering any pizza with any toppings for $9.99 each when they order online between July 7 and August 3. Domino's $9.99 deal includes Hand Tossed, Handmade Pan, New York Style, Gluten Free and Crunchy Thin Crust, as well as an assortment of sauces and toppings.
RTTNews | 5h 57min ago
CAC 40 Gains Amidst Trade Jitters

CAC 40 Gains Amidst Trade Jitters

Despite trade related uncertainties, the CAC 40 benchmark that tracks the 40 largest French stocks based on the Euronext Paris has gained more than a quarter percent on Tuesday.
RTTNews | 6h 22min ago
Eurozone Retail Sales Drop For First Time In 5 Months; Services Output Fall

Eurozone Retail Sales Drop For First Time In 5 Months; Services Output Fall

Euro area retail sales decreased for the first time in five months and services production declined in May, suggesting a slowdown in the second quarter. Retail sales logged a monthly fall of 0.7 percent in May, reversing April's 0.3 percent increase, Eurostat reported Monday. Sales were expected to drop 0.8 percent. Another data from Eurostat showed that services production decreased 0.3 percen
RTTNews | 7h 4min ago