European Shares Poised To Open Mixed

RTTNews | 266 dagar sedan

(RTTNews) - European stocks are likely to open on a mixed note Monday as investors gear up for the highly anticipated U.S. presidential election on Tuesday and the Federal Reserve's interest-rate decision on Thursday.

A flurry of new polls show that Vice President Kamala Harris and former president Donald Trump remain poised for a photo finish in this week's presidential election.

Voters will determine whether the next president enters office with a friendly Congress or a hostile one.

If control of the U.S. House of Representatives and Senate is divided, it would likely mean a maintaining of the status quo.

The U.S. Federal Reserve will announce its interest rate decision on Thursday, followed by Fed. Chair Jerome Powell's press conference.

Markets expect the U.S. central bank to cut interest rates by 25 bps amid economic contradictions, following a supersize 50 basis point move in September.

Asian stocks were seeing modest gains in cautious trading, with Japanese markets closed for a holiday.

The dollar fell sharply from recent highs after Friday's weaker-than-expected nonfarm payrolls data signaled a cooling labor market.

A slew of U.S. economic data, including reports on factory orders, service sector activity and consumer sentiment may garner investor attention as the week progresses. Gold edged up slightly in Asian trade after Iran threatened to use powerful warheads and other weapons against Israel in its next attack in the coming days.

Oil prices were up nearly 2 percent as OPEC+ agreed to delay a planned December oil output increase by one month.

U.S. stocks ended firmly in positive territory on Friday as upbeat earnings news from Amazon and Intel helped investors look past a disappointing jobs report.

Data showed the U.S. economy added just 12,000 jobs in October, marking the weakest level of jobs creation since December 2020 after a downwardly revised 223,000 jobs in September, impacted by hurricanes and labor strikes. The jobless rate held at 4.1 percent, in line with estimates.

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

European stocks closed higher on Friday after some fairly strong corporate earnings announcements.

The pan European STOXX 600 rallied 1.1 percent. The German DAX climbed 0.9 percent while France's CAC 40 and the U.K.'s FTSE 100 both surged around 0.8 percent.

Sensex, Nifty Open Lower Amid Trade Deal Uncertainty

Indian shares were slightly lower on Monday due to uncertainty around U.S. tariffs ahead of the August 1 deadline.

RTTNews | 59 minuter sedan

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Monday, reversing some of the losses in the previous two sessions, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying above the 8,650.00 level, with gains in gold miners and financial stocks partially offset by weakness in iron ore miners and energy stocks.

RTTNews | 1h 52minuter sedan

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, amid optimism that a number of trade deals will be worked out prior to US President Donald Trump's August 1 deadline after the U.S. and the European Union ratified a trade agreement over the weekend, with 15 percent tariffs on most European exports, including cars.

RTTNews | 2h 21minuter sedan

Sensex, Nifty Set For Muted Start As TCS Announces Layoffs

Indian shares look set to open on a cautious note Monday, with IT stocks likely to be in focus after TCS, India's largest IT services firm, said it would lay off about 2 percent, or 12,261 employees, of its global workforce this year in the wake of global economic uncertainties and artificial intelligence-driven technological changes. Fears over the August 1 U.S. tariff deadline and foreign fund outflows may also weigh on markets as the session progresses.

RTTNews | 2h 44minuter sedan

Japanese Market Notably Lower

The Japanese stock market is trading notably lower on Monday, extending the losses in the previous session, despite he broadly positive cues from Wall Street on Friday, with the Nikkei 225 falling below the 41,200 level, with weakness across most sectors led by financial and technology stocks.

RTTNews | 3h 48minuter sedan

Indonesia Bourse May Extend Winning Streak

The Indonesia stock market has moved higher in three straight sessions, advancing more than 190 points or 2.8 percent along the way. The Jakarta Composite Index now sits just above the 7,540-point plateau and it may open to the upside again on Monday.

RTTNews | 3h 49minuter sedan

Higher Open Predicted For Hong Kong Shares

The Hong Kong stock market on Friday ended the five-day winning streak in which it had rallied almost 1,300 points or 5.1 percent. The Hang Seng Index now sits just beneath the 25,390-point plateau although it's likely to open in the green again on Monday.

RTTNews | 4h 4minuter sedan

Australian Market Modestly Higher

The Australian stock market is modestly higher on Monday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving above the 8,700.00 level, with gains in gold miners, financial stocks and technology stocks partially offset by weakness in iron ore miners.

RTTNews | 4h 10minuter sedan

EURUSD	1.17414	GBPUSD	1.34291	AUDUSD	0.65631
USDJPY	147.821	USDCAD	1.36985	USDCHF	0.796

Advertisement

European Shares Poised To Open Mixed