European Shares May Open On Soft Note On Hawkish Fed Minutes

RTTNews | 1015 dni temu
European Shares May Open On Soft Note On Hawkish Fed Minutes

(RTTNews) - European stocks are likely to open on a tepid note Thursday, as investors react to hawkish Fed minutes and keep a wary eye on the COVID-19 situation in China.

The dollar index traded weak despite the latest Fed minutes indicating officials intend to keep hiking rates in 2023 and would not ease policy until prices are under control.

Gold dipped slightly while oil prices rose over 1 percent after plunging around 9 percent in the previous two sessions on concerns about the demand outlook in the United States and China.

Asian markets traded mostly higher in cautious trade as hopes for a strong economic recovery in China dwarfed worries over COVID spike and an impending global recession. China's COVID data is not giving an accurate picture of the situation there and underrepresents the number of hospitalizations and deaths from the disease, Mike Ryan, WHO's emergencies director, told reporters in Geneva.

China's central bank said on Wednesday it would keep liquidity reasonably ample and implement a targeted and prudent monetary policy in 2023 to spur domestic consumption and key investment projects.

In economic releases, China's services activity shrank in December, but the pace of recent declines slowed, and business confidence reached a 17-month high, a private survey showed.

German trade and euro area inflation figures will be in focus later in the day.

Across the Atlantic, trading may be impacted by reports on weekly jobless claims, private sector employment and the U.S. trade deficit ahead of the closely watched nonfarm payrolls data on Friday.

U.S. stocks fluctuated before eventually finishing higher overnight, as latest data revealed contraction in manufacturing activity and the minutes from the Fed's December policy meeting showed interest rates will stay high through 2023 to curb "unacceptably high" inflation.

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

European stocks closed on a buoyant note Wednesday amid more positive economic data and signs of cooling inflation in the region.

The pan European STOXX 600 jumped 1.4 percent. The German DAX surged 2.2 percent, France's CAC 40 index rallied 2.3 percent and the U.K.'s FTSE 100 rose 0.4 percent.

read more
Canadian Market Pares Early Gains; Materials Stocks Stay Firm

Canadian Market Pares Early Gains; Materials Stocks Stay Firm

After opening on a firm note and climbing further up north, the Canadian market pared gains and drifted down into negative territory on Thursday, weighed down by losses in energy, financials and industrials sectors.
RTTNews | 3g 7 minut temu
Swiss Market Ends On Strong Note

Swiss Market Ends On Strong Note

Swiss stocks closed on a strong note on Thursday, tracking positive cues from other markets across Europe, amid rising prospects of another rate cut by the Federal Reserve, and easing political tensions in France.
RTTNews | 3g 37 minut temu
U.S. Homebuilder Confidence Improves Much More Than Expected In October

U.S. Homebuilder Confidence Improves Much More Than Expected In October

A report released by the National Association of Home Builders on Thursday showed homebuilder confidence in the U.S. has improved by much more than anticipated in the month of October. The report said the NAHB/Wells Fargo Housing Market Index jumped to 37 in October after holding steady at 32 in September. Economists had expected the index to inch up to 33.
RTTNews | 7g 7 minut temu
Philly Fed Index Plunges To Six-Month Low In October

Philly Fed Index Plunges To Six-Month Low In October

The Federal Reserve Bank of Philadelphia released a report on Thursday showing a substantial pullback by its reading on regional manufacturing activity in the month of October. The Philly Fed said its diffusion index for current general activity plummeted to a negative 12.8 in October after spiking to a positive 23.2 in September, with a negative reading indicating contraction.
RTTNews | 7g 50 minut temu
Bay Street Looks Set To Extend Gains

Bay Street Looks Set To Extend Gains

Canadian stocks are likely to open higher on Thursday, tracking rising crude oil and bullion prices. Expectations of another rate cut by the Federal Reserve will also continue to aid sentiment.
RTTNews | 8g 30 minut temu