European Shares Likely To Open On Firm Note As Middle East Tensions Ease

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(RTTNews) - European stocks are likely to open on a steady note Monday as geopolitical tensions in the Middle East eased, given Iran's tamed response to Israel's apparently small strike against the country.

Asian markets rebounded while gold and the safe-haven dollar pulled back as investors shifted focus to earnings and a slew of U.S. data due this week for directional cues.

This week's trading may be impacted by reaction to the latest U.S. economic data, including reports on new home sales, durable goods orders and personal income and spending.

S&P flash U.S. services PMI and S&P flash U.S. manufacturing PMI readings for April will be released on Tuesday. Thursday will see the release of the U.S. GDP data for the first quarter.

The Commerce Department's personal income and spending report includes readings on inflation said to be preferred by the Federal Reserve.

On the earnings front, Tesla, Boeing, IBM, Caterpillar, Honeywell, Alphabet, Intel, Meta Platforms, Microsoft, Chevron and Exxon Mobil are among the prominent companies due to report their quarterly results.

Crude oil prices extended their decline and were down about 1 percent in Asian trading as market participants continue to unwind the risk premium tied to potential supply disruptions.

Higher-than-expected build in U.S. crude inventories and expectations of delayed rate cuts from the Federal Reserve also weighed on oil prices.

Chicago Federal Reserve President Austan Goolsbee said on Friday that it makes sense to keep policy on hold because of "stalled" progress on inflation.

U.S. stocks ended mixed on Friday, with tech stocks plummeting as Netflix provided disappointing revenue guidance.

The tech-heavy Nasdaq Composite plunged 2.1 percent and the S&P 500 shed 0.9 percent to extend losses for the sixth straight session while the Dow rose 0.6 percent, led by financials and consumer staple stocks.

European stocks also ended mixed on Friday after Israel's apparently small retaliatory strike on Iran.

The pan European STOXX 600 ended flat with a negative bias. The German DAX dipped 0.6 percent and France's CAC 40 finished marginally lower while the U.K.'s FTSE 100 edged up 0.2 percent.

Australian Market Slashes Early Gains In Mid-market

The Australian stock market is slashing its early gains in mid-market trading on Monday, recouping the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving up to near the 9,000.00 mark, with gains across most sectors led by mining and technology stocks. Financial stocks were the only weak spot.

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Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, on an improved outlook for interest rates after US Fed Chair Jerome Powell's dovish comments at the conference in Jackson Hole on Friday. Powell said economic risks are 'shifting' and a rate cut may be warranted. Asian markets closed mixed on Friday.

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Sensex, Nifty Seen Higher On Dovish Fed Comments

Indian shares are seen opening higher on Monday as traders react to Fed Chair Jerome Powell's dovish comments at the conference in Jackson Hole.

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Thai Shares Tipped To Open To The Upside On Monday

The Thai stock market has finished higher in two of three trading days since the end of the four-day losing streak in which it had slumped more than 40 points or 3.5 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it's poised to extend its gains on Monday.

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Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Monday, extending the gains in the previous session, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 moving well above the 42,850 level, with gains across most sectors led by index heavyweights and technology stocks.

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Indonesia Stock Market May End Losing Streak On Monday

The Indonesia stock market has moved lower in two straight sessions, slipping almost 85 points or 1.1 percent along the way. The Jakarta Composite Index now sits just shy of the 7,860-point plateau although it's likely to stop the bleeding on Monday.

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Australian Market Notably Higher

The Australian stock market is notably higher on Monday, recouping the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving well above the 9,000.00 mark, with gains across most sectors led by mining and technology stocks. Financial stocks were the only weal spot.

RTTNews | 2h 17minuter sedan

Hong Kong Shares Tipped To Open In The Green

The Hong Kong stock market has moved higher in two of three trading days since the end of the four-day losing streak in which it had fallen more than 480 points or 1.7 percent. The Hang Seng Index now rests just beneath the 25,340-point plateau and it's expected to open higher again on Monday.

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EURUSD	1.17074	GBPUSD	1.35113	AUDUSD	0.64863
USDJPY	147.319	USDCAD	1.38329	USDCHF	0.80265