European Shares Seen Higher With Central Bank Meetings In Focus

RTTNews | 4 dias atrás

(RTTNews) - European stocks look set to open on a firm note on Thursday as investors digest the Federal Reserve's latest decision to cut interest rates and await the Bank of England's rate decision.

The BoE is expected to hold the base interest rate at 4 percent despite high inflation. Economists predict a slower pace of quantitative tightening amid bond market volatility.

The Bank of Canada reduced its key policy rate to a three-year low of 2.5 percent on Wednesday, marking the first cut in six months.

The Hong Kong Monetary Authority followed the Fed, cutting its base interest rate charged via the overnight discount window by 25 basis points to 4.50 percent.

Brazil's central bank held interest rates steady for a second straight policy meeting and signaled it would keep them unchanged for a long time.

The People's Bank of China left a key interest rate unchanged but injected liquidity into the system through open market operations.

The Bank of Japan is widely expected to keep its benchmark interest rate unchanged at a policy meeting Friday.

In economic releases, current account data from the euro area and U.S. reports on initial jobless claims and leading economic indicators may garner some attention later in the day.

Asian markets were mixed as China's internet regulator banned domestic tech companies from purchasing Nvidia's RTX Pro 6000D chips, escalating trade tensions ahead of Trump-Xi trade call scheduled for Friday.

Japan's Nikkei index soared to a new intraday record, led higher by tech stocks.

Gold held a decline after slipping from a new record high in the previous session.

The dollar was steady after plunging to a 3-1/2-year low. Oil extended overnight losses after data showed an increase in U.S. fuel inventories.

U.S. stocks fluctuated before ending mixed overnight as the Fed delivered a 25-bps rate cut, citing a shift in the balance of risks, especially recent sluggishness in the labor market.

Initial enthusiasm waned and Treasury yields edged higher after Fed Chairman Jerome Powell termed the latest policy move as a "risk management cut," emphasizing it was not primarily aimed at addressing economic weakness and that the Fed is in a "meeting-by-meeting situation" regarding the outlook for interest rates.

The Dow rose 0.6 percent while the S&P 500 slid 0.1 percent and the tech-heavy Nasdaq Composite shed 0.3 percent.

European stocks also ended mixed on Wednesday after the release of U.K. and euro area inflation data.

The pan-European STOXX 600 gave up early gains to finish marginally lower. The German DAX and the U.K.'s FTSE 100 both inched up by 0.1 percent while France's CAC 40 dipped 0.4 percent.

Australia Manufacturing PMI Slips To 51.6 - S&P Global

The manufacturing sector in Australia continued to expand in September, albeit at a slower pace, the latest survey from S&P Global revealed on Tuesday with a manufacturing PMI score of 51.6.

RTTNews | 14 minutos atrás

Malaysia Stock Market May See Additional Support On Tuesday

The Malaysia stock market on Monday ended the two-day slide in which it had fallen almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau and it may add to its winnings on Tuesday. The global forecast for the Asian markets continued to be mildly positive on optimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference. The KLCI finished slightly higher on Monday following gains from the financial shares, losses from the telecoms and a mixed picture from the plantation stocks. For the day, the index rose 5.11 points or 0.32 percent to finish at 1,603.34 after trading between 1,596.46 and 1,604.31. Among the actives, 99 Speed Mart Retail sank 0.76 percent, while AMMB Holdings jumped 1.26 percent, Axiata plunged 2.95 percent, Celcomdigi slumped 1.06 percent, CIMB Group strengthened 1.11 percent, Gamuda surged 3.08 percent, IHH Healthcare and Maybank both added 0.41 percent, IOI Corporation eased 0.26 percent, Kuala Lumpur Kepong lost 0.50 percent, Maxis was down 0.27 percent, MISC dropped 0.93 percent, MRDIY soared 1.91 percent, Nestle Malaysia spiked 1.88 percent, Petronas Chemicals increased 0.45 percent, Petronas Dagangan plummeted 3.04 percent, Petronas Gas retreated 1.08 percent, PPB Group slipped 0.39 percent, Press Metal shed 0.53 percent, Public Bank improved 0.71 percent, QL Resources tanked 2.05 percent, RHB Bank collected 0.61 percent, Sime Darby stumbled 2.33 percent, SD Guthrie advanced 0.95 percent, Sunway rallied 1.86 percent, Telekom Malaysia fell 0.42 percent, Tenaga Nasional rose 0.30 percent, YTL Corporation gained 0.37 percent and YTL Power climbed 0.96 percent. The lead from Wall Street is mildly positive as the major averages opened in the red on Monday but quickly bounced higher and continued to trend that way throughout the session, ending near daily highs.

RTTNews | 29 minutos atrás

KOSPI May Extend Its Gains On Tuesday

The South Korea stock market has alternated between positive and negative finishes through the last four trading days since the end of the 11-day winning streak in which it had surged more than 300 points or 9.6 percent. Now at a fresh record closing high, the KOSPI sits just beneath the 3,470-point plateau and it may tick higher again on Tuesday. The global forecast for the Asian markets continued to be mildly positive on optimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference. The KOSPI finished modestly higher on Monday following gains from the automobile producers and mixed performances from the financial shares, chemicals and technology stocks. For the day, the index added 23.41 points or 0.68 percent to finish at 3,468.65 after trading between 3,458.87 and 3,482.25. Volume was 280.84 million shares worth 11.84 trillion won. There were 545 decliners and 332 gainers. Among the actives, Shinhan Financial fell 0.43 percent, while KB Financial collected 0.34 percent, Hana Financial dipped 0.33 percent, Samsung Electronics surged 4.77 percent, Samsung SDI rallied 2.82 percent, LG Electronics improved 0.76 percent, SK Hynix shed 0.57 percent, Naver sank 0.85 percent, LG Chem jumped 1.69 percent, Lotte Chemical lost 0.76 percent, SK Innovation perked 0.19 percent, POSCO Holdings dropped 0.88 percent, SK Telecom slumped 0.72 percent, KEPCO advanced 0.98 percent, Hyundai Mobis strengthened 1.46 percent, Hyundai Motor accelerated 1.87 percent and Kia Motors rose 0.30 percent.

RTTNews | 59 minutos atrás

U.S. Dollar Declines Amid Rate Cut Hopes

The U.S. dollar weakened against its major counterparts in the New York session on Monday, amid growing expectations of future rate cuts from the Federal Reserve.

RTTNews | 1 h 26 min atrás

Singapore Inflation Data Due On Tuesday

Singapore will on Tuesday release August numbers for consumer prices, highlighting a modest day for Asia-Pacific economic activity. In July, overall inflation was down 0.5 percent on month and up 0.6 percent on year, while core CPI rose an annual 0.5 percent,

RTTNews | 1 h 59 min atrás

Swiss Market Settles Marginally Up

The Switzerland market ended marginally up on Monday, despite struggling a bit early on in the session, and then for a few minutes in the final hour.

RTTNews | 6 h 6 min atrás

European Stocks Close Mostly Lower After Cautious Session

European stocks closed mostly weak on Monday amid geopolitical tensions, and the Trump administration's announcement of sweeping changes to the H-1B visa regime. Profit warnings by a few major auto companies weighed as well.

RTTNews | 6 h 32 min atrás

TSX Hits New High, Up Nearly 0.5%; Materials Stocks Rally Again

After moving to a new record high thanks to strong buying in the materials sector, the Canadian market remains fairly well placed in positive territory a little past noon on Monday. Amid geopolitical tensions and rising bets on more monetary easing by the Federal Reserve this year, gold and silver prices have risen sharply today, triggering hectic buying in the materials sector.

RTTNews | 7 h 44 min atrás

EURUSD	1.18005	GBPUSD	1.35139	AUDUSD	0.66013
USDJPY	147.727	USDCAD	1.38254	USDCHF	0.7924