European Shares Seen Tad Higher On US Soft Landing Hopes

RTTNews | 646 dias atrás
European Shares Seen Tad Higher On US Soft Landing Hopes

(RTTNews) - European stocks are seen opening mostly higher Monday on growing hopes the U.S. can achieve a soft landing.

Trading volumes, however, are likely to remain thin due to the Labour Day holiday in the U.S.

Asian markets traded mostly higher after news late last week of a deal to avert possible default at Country Garden.

Also, China's top economic planner said it would establish a designated department to bolster the country's faltering private economy.

The dollar eased against a basket of currencies on expectations that the Fed is done with raising rates.

Markets now price in a 93 percent chance of the Fed holding rates steady this month and over 60 percent chance of no more hikes this year.

Gold ticked higher ahead of a slew of U.S. data due this week, including reports on the U.S. trade deficit, factory orders and service sector activity as well as the Federal Reserve's Beige Book.

Closer home, foreign trade from Germany and quarterly national accounts from Switzerland are the top economic news due today.

Oil prices traded higher in Asian trade on expectations of additional supply cuts from major oil producing nations, led by Russia and Saudi Arabia.

U.S. stocks ended mostly higher on Friday and notched a weekly gain after data showed the labor market cooling and wage growth slowing, supporting optimism the Federal Reserve is nearing the end of its tightening cycle.

Separate data showed U.S. manufacturing contracted for a 10th straight month in August.

The Dow edged up 0.3 percent and the S&P 500 inched up 0.2 percent while the tech-heavy Nasdaq Composite finished marginally lower.

European stocks ended mixed on Friday, giving up early gains on news of more stimulus from Beijing and data showing that the downturn in Eurozone manufacturing eased last month.

The pan-European STOXX 600 closed marginally lower but notched its best weekly gain of 1.5 percent since mid-July.

The German DAX shed 0.7 percent and France's CAC 40 eased 0.3 percent while the U.K.'s FTSE 100 rose 0.3 percent.

read more
Asian Shares Climb On Trade Talk Optimism

Asian Shares Climb On Trade Talk Optimism

Asian stocks advanced on Wednesday after top U.S. and Chinese officials said they have reached a framework to implement the Geneva consensus, following two days of discussions in London.
RTTNews | 1 h 25 min atrás
Commodity Currencies Slide Amid Crude Oil Price Drop

Commodity Currencies Slide Amid Crude Oil Price Drop

The commodity currencies such as the Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Wednesday amid crude oil price drop, as markets awaited the outcome of US-China trade talks, which have yet to be approved by President Donald Trump, with China's poor oil demand and OPEC+ output increases weighing on the market.
RTTNews | 1 h 52 min atrás
Sensex, Nifty Marginally Higher In Lackluster Trade

Sensex, Nifty Marginally Higher In Lackluster Trade

Indian shares were marginally higher on Wednesday after top U.S. and Chinese officials agreed on a "framework" to move forward on trade, following two days of high-level talks in London.
RTTNews | 5 h 33 min atrás
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian market is trimming its early gains in mid-market moves on Wednesday, but extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 8,600 level to fresh all-time highs, following the positive cues from Wall Street overnight, with gains in iron ore miners, energy and financial stocks partially offset by weakness in gold miners and technology stocks.
RTTNews | 6 h 35 min atrás
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, amid easing trade war tensions after top U.S. and Chinese officials agreed upon a "framework" to move forward on trade, following two days of high-level talks in London. The framework will first need to be approved by leaders in Washington and Beijing.
RTTNews | 6 h 59 min atrás
Sensex, Nifty Set For Muted Start

Sensex, Nifty Set For Muted Start

Indian shares are seen opening little changed on Wednesday despite top U.S. and Chinese officials agreeing on a "framework" to move forward on trade, following two days of high-level talks in London.
RTTNews | 7 h 28 min atrás