European Shares Seen Slightly Higher In Cautious Trade

RTTNews | 883 dias atrás
European Shares Seen Slightly Higher In Cautious Trade

(RTTNews) - European stocks look set to open on a positive note Wednesday despite lingering growth worries and uncertainty about how much longer the Fed will remain hawkish.

Asian markets traded mostly higher amid optimism over demand from China.

The World Bank cut its growth outlook for China for 2023, noting that a faster-than-expected reopening poses great uncertainty for its economic recovery.

The dollar steadied ahead of U.S. consumer inflation data for December due on Thursday, expected to show further softening from the previous month.

Fed Chair Jerome Powell didn't directly comment on the economic or monetary policy outlook at a forum in Stockholm on Tuesday, but he did say that "restoring price stability when inflation is high can require measures that are not popular in the short term."

Fed Governor Michelle Bowman said she expects more interest rate increases ahead to achieve a sufficiently restrictive federal funds rate and keep it at that level for some time.

Gold edged up slightly in Asian trade to hover near an eight-month high, while oil prices fell around 1 percent after industry data showed a large build in U.S. crude stockpiles.

U.S. stocks settled on a firm note overnight after Fed Chair Jerome Powell refrained from commenting on rate policy at a symposium.

The Dow rose 0.6 percent and the S&P 500 added 0.7 percent while the tech-heavy Nasdaq Composite climbed 1 percent to extend its winning streak for a third day.

European stocks closed lower on Tuesday on U.S. rate hike woes. The pan European STOXX 600 dropped 0.6 percent.

The German DAX slipped 0.1 percent, France's CAC 40 index shed 0.6 percent and the U.K.'s FTSE 100 eased 0.4 percent.

read more
Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments

Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments

Indian shares look set to open lower on Thursday as oil prices climbed on signs of rising tensions in the Middle East and U.S. President Donald Trump said he would notify trading partners within the next one to two weeks about the new unilateral tariff rates, with the choice to accept or reject them.
RTTNews | 33 minutos atrás
Rally May Stall For Thai Stock Market

Rally May Stall For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, collecting more than 6 points or 0.6 percent along the way. The Stock Exchange of Thailand now rests just above the 1,140-point plateau although it may be stuck in neutral on Thursday.
RTTNews | 1 h 6 min atrás
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, snapping a four-session winning streak, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 38,200 level, with weakness across most sectors led by automakers, exporters and technology stocks. Financial stocks are the only bright spot.
RTTNews | 1 h 28 min atrás
Indonesia Bourse May Extend Wednesday's Losses

Indonesia Bourse May Extend Wednesday's Losses

The Indonesia stock market on Wednesday ended the three-day winning streak in which it had gained almost 190 points or 2.7 percent. The Jakarta Composite Index now rests just above the 7,220-point plateau and the losses may accelerate on Thursday.
RTTNews | 1 h 36 min atrás
Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian market is trading slightly higher on Thursday, extending the gains in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving a tad above the 8,600 level, with gains in gold miners and eergy partially offset by weakness in iron ore miners.
RTTNews | 1 h 49 min atrás
Hong Kong Bourse May Hand Back Wednesday's Gains

Hong Kong Bourse May Hand Back Wednesday's Gains

The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,360-point plateau and it's likely to remain rangebound on Thursday.
RTTNews | 1 h 51 min atrás
Lower Open Anticipated For Taiwan Stock Market

Lower Open Anticipated For Taiwan Stock Market

The Taiwan stock market has moved higher in three straight sessions, accelerating more than 810 points or 3.6 percent along the way. The Taiwan Stock Exchange now sits just above the 22,470-point plateau although it's expected to open under water on Thursday.
RTTNews | 2 h 36 min atrás
Continued Consolidation Called For Singapore Shares

Continued Consolidation Called For Singapore Shares

The Singapore stock market has moved lower in two straight sessions, sinking more than 15 points or 0.4 percent along the way. The Straits Times Index now sits just beneath the 3,920-point plateau and it may take further damage on Thursday.
RTTNews | 3 h 6 min atrás