European Shares Seen Opening With Small Gains

RTTNews | 928 days ago
European Shares Seen Opening With Small Gains

(RTTNews) - European stocks are seen opening slightly higher on Monday despite mounting risks of a global recession.

Asian markets traded mostly lower on concerns that a wave of COVID-19 infections sweeping through China will delay any economic recovery in the country.

Amid signs of a rapid deterioration in economic conditions, China's ruling Communist Party has called for policies to boost the real estate market and reinstill confidence among entrepreneurs.

U.S. stock futures currently point to a steady start to the North after three consecutive sessions of losses.

The U.S. Commerce Department is due to release its report on personal income and spending this week, which includes a reading on inflation said to be preferred by the Fed.

The final U.S. GDP data for the quarter ended September 2022 is scheduled to be released on Thursday.

The dollar pulled back while gold extended losses after having suffered its biggest weekly decline since mid-November.

Oil prices rose more than 1 percent in Asian trade after having fallen more than $2 a barrel in the previous session.

U.S. stocks fell for a third straight session on Friday and suffered a second straight week of losses on concerns that the Fed's hawkish stance on rate hikes could tip the U.S. economy into a recession.

The Dow slipped 0.9 percent, the tech-heavy Nasdaq Composite lost 1 percent and the S&P 500 gave up 1.1 percent.

European stocks ended lower on Friday to extend a selloff from the previous session amid lingering fears of a global economic recession.

The pan European STOXX 600 dropped 1.2 percent. The German DAX dropped 0.7 percent, France's CAC 40 index shed 1.1 percent and the U.K.'s FTSE 100 declined 1.3 percent.

read more
Swiss Market Ends Slightly Down

Swiss Market Ends Slightly Down

After languishing in negative territory till a little before the final hour of the day's trading session, the Switzerland market managed to emerge into positive zone on Friday but failed to hold firm and eventually settled with a marginal loss.
RTTNews | 4h 1min ago
TSX Up Marginally After Posting New Record High

TSX Up Marginally After Posting New Record High

The Canadian market is up marginally a little past noon on Friday with investors largely making cautious moves on weak private sector activity report, and amid uncertainty about Trump administration's tariff moves.
RTTNews | 5h 29min ago
German Factory Orders Log Bigger-Than-Expected Fall

German Factory Orders Log Bigger-Than-Expected Fall

Germany's factory orders declined more than expected in May on falling demand from both the domestic market and other euro area economies, official data revealed on Friday. Factory orders decreased 1.4 percent from a month ago, Destatis reported. Orders were expected to drop 0.2 percent after an upwardly revised 1.6 percent rise in April. Orders declined for the first time in four months.
RTTNews | 8h 58min ago
Bay Street Headed For Weak Start

Bay Street Headed For Weak Start

Canadian shares are likely to open on a negative note Friday morning, tracking weak European stocks and lower crude oil prices. Concerns about tariffs may weigh down on sentiment. Trading volumes are likely to remain thin as the U.S. market is closed for Independence Day holiday.
RTTNews | 9h 21min ago
UK Construction Sector Contraction Slowest In 6 Months

UK Construction Sector Contraction Slowest In 6 Months

UK construction activity declined at the slowest pace since the current period of contraction began in January, survey results from S&P Global showed on Friday. The headline construction Purchasing Managers' Index rose to 48.8 in June from 47.9 in May. The expected score was 48.6. Any reading below 50.0 indicates an overall reduction in construction activity.
RTTNews | 9h 28min ago
U.S. Dollar Falls On U.S. Tariff Uncertainty

U.S. Dollar Falls On U.S. Tariff Uncertainty

The U.S. dollar weakened against other major currencies in the European session on Friday, as the unpredictable economic policies of U.S. President Donald Trump and the decline in trust in the Federal Reserve, led to the downturn of USD.
RTTNews | 9h 53min ago