European Shares Poised For Sluggish Start

RTTNews | Pred 670 dňami
European Shares Poised For Sluggish Start

(RTTNews) - European stocks are likely to open lower on Friday after an initial rally on Wall Street eventually fizzled into the close overnight.

While the U.S. CPI data reinforced market expectations for a pause in rate hikes at the September meeting, it is feared that sticky core inflation may prompt the Fed to resume raising rates in November.

San Francisco Federal Reserve Bank President Mary Daly on Thursday said that inflation data is moving in the right direction, but the U.S. central bank has 'more work to do' to get inflation back down to its 2 percent target.

Gold was little changed, the dollar held steady, and Treasury yields extended gains ahead of key data on U.S. producer prices and consumer sentiment later in the day.

The University of Michigan's preliminary reading on consumer sentiment includes readings on inflation expectations.

The European economic calendar remains light, with quarterly national accounts from the U.K. and final consumer price figures from France due later in the day.

Asian stocks were trading mostly lower, with Chinese and Hong Kong markets leading regional losses on growth concerns.

Oil prices extended overnight losses on concerns about the outlook for fuel demand in China.

U.S. stocks ended on a flat note overnight, giving up early gains after data showed inflation rose less than expected in July and weekly jobless claims rose more than expected to the highest level in a month, raising hopes that the Fed was close to end its tightening cycle and could start cutting rates early next year.

The consumer price index rose to an annual 3.2 percent in July from 3.0 percent in June and versus estimates of 3.3 percent. Annual core inflation ticked down to 4.7 percent from June's 4.8 percent.

The Dow edged up 0.2 percent, the tech-heavy Nasdaq Composite inched up 0.1 percent and the S&P 500 finished marginally higher.

European stocks closed higher on Thursday on the back of strong corporate earnings and encouraging U.S. inflation data.

The pan European STOXX 600 jumped 0.8 percent. The German DAX gained 0.9 percent, France's CAC 40 rallied 1.5 percent and the U.K.'s FTSE 100 added 0.4 percent.

read more
U.S. Consumer Prices Inch Up 0.1% In May, Slightly Less Than Expected

U.S. Consumer Prices Inch Up 0.1% In May, Slightly Less Than Expected

A closely watched report released by the Labor Department on Wednesday showed a slight increase by consumer prices in the U.S. in the month of May. The Labor Department said its consumer price index inched up by 0.1 percent in May after rising by 0.2 percent in April. Economists had expected another 0.2 percent increase.
RTTNews | Pred 1 h 1 min
Bay Street Seen Opening On Mixed Note

Bay Street Seen Opening On Mixed Note

It's likely to be a mixed start for Canadian shares on Wednesday with investors reacting to the crucial U.S. consumer price inflation data, and the developments on the trade front where U.S. and Chinese official reached a framework to implement the Geneva consensus following two days of discussions in London.
RTTNews | Pred 1 h 49 min
CAC 40 Drifts Lower In Cautious Trade

CAC 40 Drifts Lower In Cautious Trade

The French market is down in negative territory Wednesday afternoon, with stocks moving in a narrow range as investors await further details on U.S.-China trade talks, and the crucial inflation data from the U.S. later in the day.
RTTNews | Pred 2 h 57 min
Euro Rises Amid Risk-on Mood

Euro Rises Amid Risk-on Mood

The euro strengthened against other major currencies in the European session on Wednesday amid increased risk-on mood, as investors monitored the latest updates from Sino-U.S. talks and awaited crucial U.S. inflation data for direction. After two days of discussions in London, U.S. and Chinese officials have agreed on a limited framework to put their trade truce back on track.
RTTNews | Pred 4 h 4 min
Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the European session on Wednesday.
RTTNews | Pred 4 h 13 min
Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Indian shares eked out modest gains on Wednesday as markets assessed the outcome of high-level U.S.-China talks and awaited key U.S. inflation readings for additional clues on the Federal Reserve's rate trajectory.
RTTNews | Pred 4 h 14 min