European Shares Seen Tad Higher As Sino-US Trade Talks Enter Second Day

RTTNews | vor 17Std 31 Minuten

(RTTNews) - European stocks are likely to open higher on Tuesday as U.S.-China trade talks continue for a second day in London to defuse tensions over chip exports and critical minerals.

There was no significant breakthrough after the first day of negotiations but U.S. President Donald Trump told reporters at the White House that the talks were "going well" and that he was "only getting good reports".

U.S. Treasury Secretary Scott Bessent told reporters the meeting was "good" while Commerce Secretary Howard Lutnick called the discussions "fruitful."

Asian markets were broadly higher and U.S. stock futures ticked higher on hopes for progress in high-level trade talks and amid expectations of more stimulus from Beijing.

The dollar held steady in light trading ahead of key U.S. inflation and consumer sentiment reports due this week. Gold edged lower while oil extended overnight gains to hover near multi-week highs.

The European economic calendar remains light, with unemployment data from the U.K. and industrial production figures from Italy awaited later in the day.

On the geopolitical front, Russia carried out "massive" drone attacks on Ukraine's capital Kyiv and port city of Odesa early today, killing one person and hitting a maternity hospital, Ukrainian officials said.

French President Emmanuel Macron called Israel's blockade of Gaza and its obstruction of humanitarian aid "outrageous", while urging an immediate ceasefire, the release of all detainees, and the reopening of border crossings.

U.S. stocks ended mixed overnight as investors waited for details about the U.S.-China trade talks that kicked off in London to resolve trade issues between the two economic giants.

The S&P 500 inched up marginally to extend gains for a second straight session and the tech-heavy Nasdaq Composite gained 0.3 percent to reach a new three-month closing high, while the narrower Dow ended marginally lower.

European stocks settled lower on Monday after a cautious session. The pan European STOXX 600 ended flat with a negative bias.

The German DAX dipped half a percent, France's CAC 40 slid 0.2 percent and the U.K.'s FTSE 100 finished marginally lower.

Japan Producer Price Data Due On Wednesday

Japan will on Tuesday release May figures for producer prices, highlighting a light day for Asia-Pacific economic activity. In April, producer prices were up 0.2 percent on month and 4.0 percent on year.

RTTNews | vor 1Std 3 Minuten

Gold Dips As US-China Trade Talks Continue

Gold prices dipped on Tuesday, ahead of US inflation report and ongoing US-China official talks, which is now the focus of investors from all over the world. Front Month Comex Gold for June delivery lost $11.20 (or 0.34%) to $3320.90 per troy ounce on Tuesday. Front Month Comex Silver for June delivery lost $14.60 cents (or 0.40%) to $36.542 today. The much-anticipated high-level trade talks between the world's two largest economies, U.S. and China, began on Monday in London and continued for the second day today. On the economic data front, the US Labor Department will release Consumer Price Index (CPI) data on Wednesday, which may help to determine the Federal Reserve's monetary policy before the Fed's June 17-18 meeting. Meanwhile, the World Bank, in its biannual Global Economic Prospects, has cut the global growth forecast to 2.3% from 2.7% for the current year citing "trade barriers" as a reason behind the global slowdown.

RTTNews | vor 2Std 50 Minuten

Crude Oil Prices Fade As US-China Talks Progress

Crude oil prices were down on Tuesday amidst uncertainty over trade talks between China and the United States continued, although the outcome remains uncertain. WTI oil closed down by $0.31 to settle at $64.98 per barrel. August Brent crude was last seen down by $0.03 to $67.01. To ease the standstill created by the reciprocal tariffs imposed by U.S. President Donald Trump and China, high-level officials from both nations convened at London on Monday to discuss steps to soften the conflict. As the talks went on for the second day today, Trump told reporters at the White House that the talks were "going well" and that he was "only getting good reports." While U.S. Treasury Secretary Scott Bessent described Monday's talks as "good meeting," the Commerce Secretary Howard Lutnick called them as "fruitful." On the geopolitical front, however, Russia showed no sign of relenting on its war with Ukraine and continued its attacks. Limiting the downside, the U.S. Energy Information Administration has reported today that US crude oil production is likely to decline over the next 18 months - while the approach of the summer driving season is also good news.

RTTNews | vor 2Std 56 Minuten

Canadian Dollar Appreciates Amid Risk Appetite

The Canadian dollar climbed against its major counterparts in the New York session on Tuesday, as investors monitored trade talks between the U.S. and China that continued for a second day.

RTTNews | vor 3Std 36 Minuten

Swiss Market Ends Marginally Down

Save for a very brief while at the start, the Switzerland market stayed weak on Tuesday as investors refrained from making significant moves, choosing to wait for directional clues. Investors awaited the outcome of the high-level trade discussions between U.S. and Chinese officials in London.

RTTNews | vor 5Std 1 Minuten

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Tuesday with investors mostly making cautious moves as they awaited the outcome of the ongoing Sino-U.S. trade talks in London. German stocks are drifting lower on Tuesday as investors await the outcome of high-level U.S. - China trade talks in London.

RTTNews | vor 5Std 17 Minuten

TSX Up Marginally; Energy Stocks Rise

After a flat start and a subsequent climb up north, the Canadian market retreated Tuesday morning, and at a little past noon, was up marginally, led by gains in energy, consumer and communications sectors. Investors are cautiously optimistic about some positive progress in U.S.-China trade relations.

RTTNews | vor 6Std 25 Minuten

U.S. Stocks Mostly Subdued In Lackluster Trade

U.S. stocks are turning in a mixed performance in lackluster trade on Tuesday as traders await the outcome of the ongoing trade talks between China and the U.S. in London. Trade negotiations between the world's two largest economies commenced on Monday, and no big breakthrough seems to have been arrived as yet.

RTTNews | vor 7Std 1 Minuten

EURUSD	1.14282	GBPUSD	1.35004	AUDUSD	0.65257
USDJPY	145.083	USDCAD	1.36706	USDCHF	0.82275

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European Shares Seen Tad Higher As Sino-US Trade Talks Enter Second Day