European Shares Seen Tad Higher As Investors Await Fed Minutes

RTTNews | 1007 dni temu

(RTTNews) - European stocks may open slightly higher on Wednesday, as investors await the release of minutes from the Federal Reserve's November meeting for additional clues about the direction of interest rates.

Along with the Fed minutes, reports on durable goods orders and new home sales may also attract attention ahead of a U.S. holiday on Thursday for Thanksgiving.

According to the CME's FedWatch tool, there is a 75.8 percent probability that the U.S. central bank will hike rates by 50 basis points at its next policy meeting scheduled for December 13-14.

But Kansas City Fed President Esther George warned on Tuesday that interest rates could stay higher for longer in order to successfully moderate consumer demand and bring down inflation.

The U.S. dollar edged up, while oil and gold traded slightly lower. Asian markets traded mixed as China COVID concerns lingered, and New Zealand delivered its biggest rate hike ever. Japanese markets were closed for a national holiday.

In its Economic Outlook released Tuesday, the Organization for Economic Co-operation and Development (OECD) has warned of a significant growth slowdown for the world economy in 2023.

U.S. stocks rallied overnight, as upbeat earnings from the likes of Best Buy and Abercrombie & Fitch lifted retailers ahead of the holiday shopping season.

The S&P 500 climbed 1.4 percent to close above 4,000 for the first time since September and the Dow added 1.2 percent to reach a three-month closing high, while the tech-heavy Nasdaq Composite surged 1.4 percent.

European stocks hit three-month closing highs on Tuesday despite mixed comments on interest-rate hikes from Fed and ECB policymakers, and renewed concerns over China's tightening of COVID restrictions.

The pan European STOXX 600 gained 0.7 percent. The German DAX edged up 0.3 percent, France's CAC 40 index rose 0.4 percent and the U.K.'s FTSE 100 climbed 1 percent.

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | 18 minut temu

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 21 minut temu

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 36 minut temu

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | 39 minut temu

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.

RTTNews | 51 minut temu

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 24,275-point plateau although it's expected to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. For the day, the index surged 512.91 points or 2.16 points to finish at 24,277.38 after trading between 24,108.75 and 24,362.02. Among the actives, Mega Financial and United Microelectronics Corporation both eased 0.12 percent, while Fubon Financial jumped 1.93 percent, E Sun Financial and Formosa Plastics both sank 0.74 percent, Taiwan Semiconductor Manufacturing Company accelerated 3.08 percent, Hon Hai Precision rallied 2.47 percent, Largan Precision added 0.42 percent, MediaTek soared 3.30 percent, Novatek Microelectronics climbed 1.18 percent, Nan Ya Plastics surged 3.53 percent, Asia Cement gained 0.40 percent and Cathay Financial, CTBC Financial and Catcher Technology were unchanged.

RTTNews | 1g 21 minut temu

Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 1g 51 minut temu

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in three straight sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it's likely to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2g 21 minut temu

EURUSD	1.16422	GBPUSD	1.3474	AUDUSD	0.64763
USDJPY	147.291	USDCAD	1.38552	USDCHF	0.80424