European Shares Likely To See Cautious Start Ahead Of ECB Rate Decision

RTTNews | 956 dagar sedan
European Shares Likely To See Cautious Start Ahead Of ECB Rate Decision

(RTTNews) - European stocks may open flat to slightly lower on Thursday as investors await today's ECB rate decision.

A 75-bps rate hike is expected for the second consecutive time despite political pressure to tread more carefully amid a looming recession.

Meanwhile, following disappointing earnings from Alphabet and Microsoft, Facebook parent Meta Platforms forecast a weak holiday quarter and significantly more costs next year, amid a broad slowdown in online ad spending, challenges from Apple's iOS privacy update and increased competition from TikTok.

Amazon and Apple will unveil their financial results later today, along with industrial bellwether Caterpillar and McDonald's.

On the data front, the latest economic data, including reports on weekly jobless claims, durable goods orders and third quarter GDP may offer additional clues on the economic and rate outlook.

Asian stocks traded mixed, and the dollar was pinned near one-month lows while oil extended gains after climbing over 3 percent on Wednesday.

U.S. stocks ended mostly lower overnight, as warnings from the tech behemoths overshadowed investor optimism over falling Treasury yields.

The tech-heavy Nasdaq Composite showed wild swings before closing 2 percent lower following negative earnings news from tech giants Microsoft and Alphabet.

The S&P 500 shed 0.7 percent while the Dow finished marginally higher to stretch its winning streak to a fourth session on the back of better-than-expected quarterly earnings from Visa.

European stocks hit five-week highs on Wednesday as a smaller-than-expected interest rate hike by the Bank of Canada signaled that central banks around the world are getting closer to the end of the tightening cycle.

The pan European STOXX 600 gained 0.7 percent. The German DAX rallied 1.1 percent, France's CAC 40 index rose 0.4 percent and the U.K.'s FTSE 100 added 0.6 percent.

read more
Canadian Market Up Marginally In Cautious Trade

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 | 3h 16minuter sedan
European Stocks Close Weak After Cautious Session

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 | 3h 44minuter sedan
FDA, CDC Probe Salmonella Outbreak As Around 1.70 Mln Dozen Brown Eggs Recalled

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 | 7h 31minuter sedan
Bay Street May Open Slightly Higher

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 | 9h 23minuter sedan
FTSE 100 Down Marginally At Noon

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 | 10h 34minuter sedan
CAC 40 Down Slightly In Lackluster Trade

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 | 10h 56minuter sedan
DAX Down Over 0.5% In Cautious Trade

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 | 11h 16minuter sedan