European Shares Seen Tad Higher In Thin Trade

RTTNews | 911 days ago
European Shares Seen Tad Higher In Thin Trade

(RTTNews) - European stocks may open higher on Monday, through trading volumes are likely to remain thin due to a U.S. holiday.

The U.S. earnings season picks up steam this week, with Goldman Sachs, Morgan Stanley, United Airlines, Procter & Gamble and Netflix among the prominent companies due to report their quarterly results.

On the economic front, traders will keep an eye on reports on producer prices, retail sales, industrial production, housing starts and existing home sales for additional clues on the U.S. economic outlook.

German wholesale inflation data, economic sentiment figures from Germany and Eurozone along with speeches by ECB President Lagarde and Mr. Panetta at the Eurogroup meeting in Brussels ma sway sentiment as the trading day progresses.

Asian markets traded broadly higher, with Chinese stocks leading regional gains to reach a five-month high, after Chinese health officials said COVID-19 infections in the region likely peaked.

Sentiment was also underpinned by reports of a sharp rise in travel ahead of the Lunar New Year holiday.

The dollar traded weak amid the prospect of smaller interest-rate hikes by the Federal Reserve, helping gold prices push higher.

Oil prices fell about 1 percent in Asian trade after having climbed around 8 percent last week on optimism about improved demand from China.

The Japanese yen hit over seven-month high on speculation over the Bank of Japan's yield curve control policy at a policy meeting this week.

U.S. stocks reversed course to end higher on Friday, as upbeat readings on consumer sentiment and inflation expectations helped investors shrug off warnings from major banks of tough times ahead.

Executives from JPMorgan, Citigroup, and Bank of America all said they expect a mild recession to hit the economy this year.

The Dow edged up 0.3 percent, the tech-heavy Nasdaq Composite added 0.7 percent and the S&P 500 gained 0.4 percent.

European stocks rose on Friday to reach their highest level since April 2022 as investors digested speeches from Fed officials, better-than-expected trade data from China and the latest batch of economic data from the region.

The pan European STOXX 600 gained half a percent. The German DAX inched up 0.2 percent, France's CAC 40 index advanced 0.7 percent and the U.K.'s FTSE 100 rose 0.6 percent.

read more
Asian Shares Rise After Key China Data

Asian Shares Rise After Key China Data

Asian stocks rose broadly on Tuesday as traders brushed off U.S. President Donald Trump's tariff threats and reacted positively to Chinese GDP data for the first half of 2025.
RTTNews | 29 minutes ago
Yen Slides Against Majors

Yen Slides Against Majors

The Japanese yen weakened against other major currencies in the European session on Tuesday.
RTTNews | 31 minutes ago
China GDP Growth Tops Expectations

China GDP Growth Tops Expectations

China's economy registered a faster-than-expected growth in the second quarter with strong support from exports and industrial production despite the US trade tariff threats but weaker investment and persistent deflation continued to pose challenges. Gross domestic product expanded 5.2 percent on a yearly basis after rising 5.4 percent in the previous quarter.
RTTNews | 1h 10min ago
European Shares Seen Higher At Open

European Shares Seen Higher At Open

European stocks may open broadly higher on Tuesday despite lingering concerns about U.S. President Donald Trump's tariff plans and aggressive negotiation tactics.
RTTNews | 3h 20min ago
European Economic News Preview: German ZEW Economic Sentiment Due

European Economic News Preview: German ZEW Economic Sentiment Due

Economic confidence from Germany and industrial production from euro area are the top economic news due on Tuesday. At 3.00 am ET, Spain's statistical office INE publishes final inflation data for June. The flash estimate showed that consumer price inflation rose to 2.2 percent from 2.0 percent in May.
RTTNews | 4h 11min ago
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Tuesday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,600 level, with gains across most sectors led by technology and financial stocks. Iron ore miners were the only weak spot.
RTTNews | 5h 41min ago
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as traders are hopeful of an end to the ongoing trade war at least by August 1 as confirmed by U.S. President Donald Trump recently. Traders view Trump's tariff threats as negotiation tactics. Asian markets closed mixed on Monday.
RTTNews | 6h 5min ago