European Shares To Follow Asian Peers Higher On China Optimism

RTTNews | Pred 653 dňami
European Shares To Follow Asian Peers Higher On China Optimism

(RTTNews) - European stocks are likely to open higher on Monday after China announced new measures to revive its capital markets and boost investor confidence.

China approved the launch of 37 retail funds over the weekend and also halved the stamp duty on stock trading in the latest attempt to boost struggling markets.

The new measures to woo investors came as data showed China's industrial profits extended a slump into a seventh month.

Asian markets were broadly higher, with benchmark indexes in Shanghai, Hong Kong and Tokyo rising around 2 percent.

The Japanese yen hovered close to its lowest in over nine months after BOJ Governor Kazuo Ueda stated at a Fed symposium on Saturday that underlying inflation in the country remains "a bit below" the central bank's target.

Gold traded marginally higher while the dollar eased from a 12-week high ahead of U.S. readings on U.S. jobs and inflation due this week that could decide whether interest rates have to rise again.

Oil prices were slightly lower on prospects of higher supply amid signs of easing sanctions on Iran and Venezuela.

U.S. stocks finished Friday's session on an upbeat note after Fed Chair Jerome Powell expressed confidence in continued economic growth and reiterated the central bank's commitment to pull inflation back to the 2 percent target.

Comments from other Fed officials also gave the market confidence that the Fed is nearing the end of its rate hiking cycle.

The Dow and the S&P 500 both rose about 0.7 percent while the tech-heavy Nasdaq Composite climbed 0.9 percent.

European markets closed on a mixed note Friday as investors reacted to Powell's comments at the Jackson Hole Symposium and encouraging economic data from the region.

The pan European STOXX 600 ended flat with a negative bias. The German DAX and the U.K.'s FTSE 100 both finished marginally higher while France's CAC 40 rose 0.2 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 56 minútami
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 44 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 53 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 3 h 59 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 8 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 10 min