European Shares Poised For Sluggish Start

RTTNews | Pred 668 dňami

(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.

Canadian Dollar Higher As US-China Trade Talks Lift Sentiment

The Canadian dollar was higher against its most major counterparts in the New York session on Monday, as investors awaited outcome of trade talks between the US and China that kicked off in London.

RTTNews | Pred 45 minútami

Canadian Market Up Marginally In Cautious Trade

After a flat start and a subsequent drop to lower levels, the Canadian market emerged into positive territory about an hour past noon on Monday, but remains somewhat subdued with investors seeming reluctant to make significant moves. The mood is cautious as investors await U.S. - China trade talks in London.

RTTNews | Pred 3 h 15 min

European Stocks Close Weak After Cautious Session

European markets settled lower on Monday after a subdued performance as investors awaited the outcome of U.S.-China high-level trade talks in London. Also, a lack of regional economic data and earnings news contributed to the cautious mood in the markets.

RTTNews | Pred 3 h 43 min

FDA, CDC Probe Salmonella Outbreak As Around 1.70 Mln Dozen Brown Eggs Recalled

The U.S. Food and Drug Administration and the Centers for Disease Control and Prevention or CDC are investigating a Salmonella Enteritidis outbreak linked to brown eggs that sickened nearly 79 across 7 states. Associated with the ongoing probe, August Egg Co. recalled around 1.70 million dozen brown cage-free and brown certified organic eggs sold through Walmart and other retail locations.

RTTNews | Pred 7 h 29 min

Bay Street May Open Slightly Higher

Canadian shares may open slightly higher on Monday amid optimism about some positive progress in U.S.-China trade talks. Energy stocks are likely to find some support on higher crude oil prices.. The U.S.-China discussions will aim to resolve some major trade disputes between the two major economies.

RTTNews | Pred 9 h 21 min

FTSE 100 Down Marginally At Noon

The U.K. market is down marginally at noon on Monday with investors mostly making cautious moves amid a lack of triggers. The focus is on trade talks between the U.S. and Chinese officials in London. Weak Chinese exports data weighs on sentiment.

RTTNews | Pred 10 h 33 min

CAC 40 Down Slightly In Lackluster Trade

French stocks are down slightly in lackluster trade on Monday with investors refraining from making significant moves as they await the high-level trade talks between U.S. and Chinese officials in London later in the day.

RTTNews | Pred 10 h 54 min

DAX Down Over 0.5% In Cautious Trade

German stocks are down in negative territory on Monday as investors make cautious moves while awaiting crucial talks between U.S. and Chinese officials in London later in the day. The discussions will aim to resolve some major trade disputes between the two major economies. Treasury Secretary Scott Bessent leads the U.S. delegation in the high-level trade talks.

RTTNews | Pred 11 h 15 min

EURUSD	1.14201	GBPUSD	1.35491	AUDUSD	0.65134
USDJPY	144.512	USDCAD	1.36931	USDCHF	0.82146

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European Shares Poised For Sluggish Start