European Shares Likely To Open On Firm Note

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(RTTNews) - European stocks look set to open on a firm note Monday despite fresh tariff announcements from U.S. President Donald Trump.

Trump announced new 25 percent tariffs on all steel and aluminum imports, raising fears of a brewing global trade war and its potential impact on the global economy.

As China's retaliatory tariffs on U.S. goods take effect later in the day, Trump also stated that he would announce reciprocal tariffs on Tuesday or Wednesday that mirror the tariffs those countries charge on American exports.

Asian markets traded mixed, with mining stocks suffering losses in Australia, South Korea and Japan while tech stocks surged in China and Hog Kong, fueled by optimism surrounding DeepSeek's rapid ascent.

Inflation data from China painted a mixed picture, with consumer inflation accelerating to its fastest in five months in January while producer price deflation persisted.

The dollar surged ahead of the release of U.S. consumer and producer price inflation figures along with congressional testimony by Federal Reserve Chair Jerome Powell due this week.

The release of Eurozone Sentix investor confidence for February and a speech from ECB President Christine Lagarde will be in the spotlight later in the day.

Gold edged higher to a record high amid escalating trade tensions between the U.S. and China.

Oil ticked higher after a string of weekly declines as the U.S. government imposed new sanctions on Iran's crude exports.

U.S. stocks tumbled on Friday amid fresh tariff and inflation jitters.

Meanwhile, the latest jobs report painted a mixed picture, with the unemployment rate ticking down to 4 percent while fewer jobs than expected were added in January.

Nonfarm payrolls rose by 143,000 jobs last month, significantly lower than the revised 307,000 in December and missing forecast of 169,000.

A gauge of U.S. consumer sentiment unexpectedly fell in February, but one-year inflation expectations moved up to 4.3 percent from 3.3 percent -- the highest reading since 2023.

The tech-heavy Nasdaq Composite shed 1.4 percent, while the Dow and the S&P 500 both lost around 1 percent.

European stocks closed lower on Friday as investors reacted to a flurry of earnings reports, U.S. jobs data and the U.S.-China trade spat.

The pan European STOXX 600 dipped 0.4 percent. The German DAX shed half a percent, France's CAC 40 gave up 0.4 percent and the U.K.'s FTSE eased 0.3 percent.

Swiss Market Ends Moderately Higher

The Switzerland market closed on a firm note on Thursday with several stocks gaining good ground in positive territory thanks to sustained buying support.

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European Stocks Close On Firm Note On Fed Rate Cut Hopes

European stocks closed higher on Thursday as the latest data on U.S. consumer price inflation and unemployment claims boosted the prospects of a rate cut by the Federal Reserve next week. Investors also digested the European Central Bank's decision to hold rates.

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TSX Continues To Climb New Highs As Rate Cut Hopes Rise

The Canadian market is up firmly in positive territory around noon on Thursday, led by strong gains in financials, real estate, consumer discretionary and industrials stocks. Rising prospects of a rate cut by the Federal Reserve following data showing the annual growth of consumer prices in the U.S. came in line with estimates, and signs of weakness in the labor market, help undermine sentiment.

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ECB's Lagarde Says Eurozone Remains In "A Good Place", Risks More Balanced

European Central Bank President Christine Lagarde tread carefully on Thursday as she attempted to paint a rosier view for the euro area economy without dismissing the impact of the lingering uncertainty linked to the trade tariffs, the political turmoil in France and a stronger euro.

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U.S. Jobless Claims Unexpectedly Climb To Nearly Four-Year High

First-time claims for U.S. unemployment benefits unexpectedly increased in the week ended September 6th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 263,000, an increase of 27,000 from the previous week's revised level of 236,000. Economists had expected jobless claims to edge down to 235,000.

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U.S. Consumer Prices Climb 0.4% In August, Slightly More Than Expected

Following yesterday's report showing an unexpected dip by producer prices, the Labor Department released a separate report on Thursday showing U.S. consumer prices rose by slightly more than expected in the month of August. The Labor Department said its consumer price index climbed by 0.4 percent in August after inching up by 0.2 percent in July.

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Turkish Central Bank Cuts Key Rates Sharply For Second Time

Turkey's central bank slashed its key interest rates for the second straight meeting on Thursday citing slowdown in the underlying trend of inflation. The Monetary Policy Committee of the Republic of Turkey decided to reduce the policy rate to 40.5 percent from 43.0 percent. Previously, the bank had reduced the rate by 300 basis points in July.

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U.S. Weekly Jobless Claims Unexpectedly Climb To 263,000

First-time claims for U.S. unemployment benefits unexpectedly increased in the week ended September 6th, according to a report released by the Labor Department on Thursday.

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EURUSD	1.17395	GBPUSD	1.35785	AUDUSD	0.66617
USDJPY	147.162	USDCAD	1.38335	USDCHF	0.79574