European Shares Likely To Open On Soft Note

RTTNews | Pred 16 dňami
European Shares Likely To Open On Soft Note

(RTTNews) - European stocks are seen opening broadly lower on Monday as investors react to Trump-Elon Musk feud over the president's tax-and-spending plan and await the high-level U.S.-China trade talks.

After Elon Musk described the "One big beautiful bill" as a "disgusting abomination," U.S. President Donald Trump expressed "disappointment" in Musk and suggested their once great relationship could be over.

The tech billionaire wrote on X: "It's outrageous how much character assassination has been directed at me, especially by me!"

Elsewhere, trade negotiators from the United States and China are expected to reconvene in London today against the backdrop of increased friction that has built up over China's tight grip on the supply of critical minerals for the auto, tech, and defense sectors.

In economic releases, reports on U.S. consumer and producer price inflation and consumer sentiment are likely to be in focus this week after a stronger-than-expected jobs report cooled expectations of interest rate cuts from the Federal Reserve.

On the geopolitical front, U.S. officials said that Russia's threatened retaliation against Ukraine over its drone attack last weekend has not happened yet in earnest and is likely to be a significant, multi-pronged strike.

Asian markets traded mixed as new data showed China's consumer prices fell for a fourth consecutive month in May and producer prices clocked the steepest decline since July 2023, deepening deflation worries.

Separate set of data revealed that China's exports grew slower than expected in May, while imports declined from the last year due to weak domestic demand.

South Korea's Kospi surged 1.4 percent amid hopes on policy reforms after recent presidential election ushered in a new leadership.

Japan's Nikkei average rose about 1 percent as data showed the economy contracted less than initially feared in the first quarter.

The dollar held steady against its major rivals in Asian trade while gold was little changed after losing nearly 2 percent over the previous two sessions. Oil prices also held steady after rallying more than 4 percent last week.

U.S. stocks surged on Friday as a better-than-expected monthly jobs report following some recent downbeat data helped ease economic concerns and Tesla recovered part of the losses from a significant drop in the previous session.

Data showed non-farm payroll employment shot up by 139,000 jobs in May after a downwardly revised 147,000 jobs in April. The unemployment rate came in unchanged at 4.2 percent.

The tech-heavy Nasdaq Composite rallied 1.2 percent and the S&P 500 gained 1 percent to reach their best closing levels in over three months while the narrower Dow climbed 1.1 percent.

European stocks ended mostly higher on Friday as revised data showed the eurozone economy expanded at a much stronger rate than initially expected in the first quarter.

The pan European STOXX 600 rose 0.3 percent. The German DAX finished marginally lower, while France's CAC 40 rose 0.2 percent and the U.K.'s FTSE 100 added 0.3 percent.

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Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

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RTTNews | Pred 50 minútami
Asian Markets Trade Mixed

Asian Markets Trade Mixed

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RTTNews | Pred 1 h 19 min
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Sensex, Nifty Seen Little Changed At Open

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RTTNews | Pred 1 h 36 min
Thai Shares May Be Stuck In Neutral On Thursday

Thai Shares May Be Stuck In Neutral On Thursday

The Thai stock market has moved higher in consecutive trading days, gathering almost 35 points or 3.3 percent along the way. The Stock Exchange of Thailand now sits just above the 1,105-point plateau although it may spin its wheels on Thursday.
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Soft Start Seen For Indonesia Stock Market

Soft Start Seen For Indonesia Stock Market

The Indonesia stock market headed south again on Wednesday, one day after ending the four-day losing streak in which it had dropped more than 370 points or 5 percent. The Jakarta Composite Index now sits just above the 6,830-point plateau and it may extend its losses on Thursday.
RTTNews | Pred 2 h 42 min
Japanese Market Significantly Higher

Japanese Market Significantly Higher

The Japanese market is trading significantly higher on Thursday, extending the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving up to near the 39,300 level, with gains in index heavyweights and technology stocks partially offset by weakness in automakers.
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Hang Seng Index Due For Profit Taking

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The Hong Kong stock market has finished higher in four straight sessions, climbing more than 1,230 points or 5.1 percent along the way. The Hang Seng Index now sits just above the 24,470-point plateau although investors figure to lock in gains on Thursday.
RTTNews | Pred 2 h 57 min
Rally May Stall For China Stock Market

Rally May Stall For China Stock Market

The China stock market has tracked higher in three straight sessions, collecting more than 95 points or 2.8 percent along the way. The Shanghai Composite Index now sits just above the 3,455-point plateau although it's due for consolidation on Thursday.
RTTNews | Pred 3 h 12 min