European Shares Seen Broadly Lower; FTSE 100 May See Firm Start

RTTNews | Pred 327 dňami

(RTTNews) - European stocks are seen opening broadly lower on Thursday even as U.K. markets may open on a firm note following declines for four straight sessions.

The U.K.'s new government will announce the Autumn Budget on 30 October. The Chancellor will be balancing spending cuts and tax increases with measures to stimulate growth.

Trading later in the day may be impacted by reaction to the latest U.S. economic data, including reports on weekly jobless claims, manufacturing and services PMI for October and new home sales for September.

Flash Purchasing Managers' survey data from the euro area and the U.K. are also awaited later in the day.

On the earnings front, EV maker Tesla reported robust third quarter profits and surprised analysts with a prediction for a 20-30 percent growth in sales next year.

Tech giant IBM's Q3 earnings beat expectations but revenue missed views. Likewise, Mattel, the manufacturer of Barbie and other popular toys, topped Wall Street estimates for quarterly profit but trimmed its annual sales forecast.

Asian stocks traded mixed, with Chinese and Hong Kong markets underperforming as tech shares fell on concerns the U.S.-China trade tensions may worsen.

Gold edged up slightly in Asian trading and was on track for a weekly gain due to investor anxiety over the impending U.S. election and heightened tensions in the Middle East.

A new national poll has indicated that former President Donald Trump was gaining an edge over Vice President Kamala Harris in the race to succeed President Biden in the White House. However, markets still expect a hotly contested race.

Oil prices rose more than 1 percent and were on track for a 3 percent weekly gain.

U.S. stocks fell overnight as rising bond yields and uncertainty about the outcome of the Nov. 5 presidential election triggered a sell-off in the world's largest technology companies.

The 10-year yield rose to its highest level in almost three months amid bets the Federal Reserve will take a more measured approach on rate cuts.

The Dow dropped 1 percent and the S&P 500 declined 0.9 percent to extend losses into a third straight day, while the tech-heavy Nasdaq Composite tumbled 1.6 percent.

European stocks fell for a third straight session on Wednesday as investors reacted to mixed corporate earnings and looked ahead to the U.K. autumn budget.

The pan-European STOXX 600 dipped 0.3 percent. The German DAX slipped 0.2 percent, France's CAC 40 gave up half a percent and the U.K.'s FTSE 100 dipped 0.6 percent.

Swiss Market Ends On Weak Note

The Switzerland market closed notably lower on Tuesday, in line with most of the major markets across Europe, as the mood remained cautious ahead of monetary policy announcements from the Federal Reserve and the Bank of England, due on Wednesday and Thursday, respectively.

RTTNews | Pred 1 h 4 min

European Markets Close On Weak Note Ahead Of Fed, BoE Policy Decisions

European markets closed notably lower on Tuesday as investors, digesting a slew of economic data from the region, remained reluctant to pick up stocks ahead of Federal Reserve's interest rate decision due on Wednesday.

RTTNews | Pred 1 h 20 min

U.S. Business Inventories Rise 0.2% In July, In Line With Estimates

The Commerce Department released a report on Tuesday showing business inventories in the U.S. increased in line with expectations in the month of July. The report said business inventories rose by 0.2 percent in July, matching the increase seen June as well as economist estimates.

RTTNews | Pred 2 h 21 min

U.S. Homebuilder Confidence Holds Steady In September

Homebuilder confidence in the U.S. held steady in the month of September, according to a report released by the National Association of Home Builders on Tuesday. The report said the NAHB/Wells Fargo Housing Market Index came in at 32 in September, unchanged from August. Economists had expected the index to inch up to 33.

RTTNews | Pred 2 h 48 min

U.S. Industrial Production Unexpectedly Inches Slightly Higher In August

Industrial production in the U.S. unexpectedly edged slightly higher in the month of August, according to a report released by the Federal Reserve on Tuesday. The Fed said industrial production crept up by 0.1 percent in August after falling by a downwardly revised 0.4 percent in July. Economists had expected industrial production to slip by 0.1 percent.

RTTNews | Pred 3 h 5 min

U.S. Import Prices Unexpectedly Increase In August

A report released by the Labor Department on Tuesday showed import prices in the U.S. unexpectedly increased in the month of August. The Labor Department said import prices rose by 0.3 percent in August after inching up by a downwardly revised 0.2 percent in July. Economists had expected import prices to edge down by 0.1 percent.

RTTNews | Pred 3 h 22 min

Canadian Market Drifts Lower In Cautious Trade

The Canadian market is down in negative territory Tuesday morning, as data showing an increase in the nation's consumer price inflation dimmed the extent of rate cuts this year although the Canadian central bank is widely expected to lower interest rate by 25 basis points on Wednesday.

RTTNews | Pred 3 h 48 min

U.S. Retail Sales Climb 0.6% In August, Much More Than Expected

The Commerce Department released a report on Tuesday showing retail sales in the U.S. rose by much more than expected in the month of August. The report said retail sales climbed by 0.6 percent in August, matching an upwardly revised increase in July. Economists had expected retail sales to inch up by 0.2 percent compared to the 0.5 percent growth originally reported for the previous month.

RTTNews | Pred 4 h 49 min

EURUSD	1.18602	GBPUSD	1.36539	AUDUSD	0.66803
USDJPY	146.401	USDCAD	1.37509	USDCHF	0.7865