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

RTTNews | 959 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.

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Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Thursday, following the broadly negative cues from Wall Street overnight, after US President Donald Trump said he and Chinese President Xi Jinping "are going to work closely together to open up China to American Trade." However, signs of escalating geopolitical tensions in the Middle East are weighing on market sentiment.
RTTNews | 45 minuter sedan
Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments

Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments

Indian shares look set to open lower on Thursday as oil prices climbed on signs of rising tensions in the Middle East and U.S. President Donald Trump said he would notify trading partners within the next one to two weeks about the new unilateral tariff rates, with the choice to accept or reject them.
RTTNews | 1h 22minuter sedan
Rally May Stall For Thai Stock Market

Rally May Stall For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, collecting more than 6 points or 0.6 percent along the way. The Stock Exchange of Thailand now rests just above the 1,140-point plateau although it may be stuck in neutral on Thursday.
RTTNews | 1h 55minuter sedan
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, snapping a four-session winning streak, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 38,200 level, with weakness across most sectors led by automakers, exporters and technology stocks. Financial stocks are the only bright spot.
RTTNews | 2h 17minuter sedan
Indonesia Bourse May Extend Wednesday's Losses

Indonesia Bourse May Extend Wednesday's Losses

The Indonesia stock market on Wednesday ended the three-day winning streak in which it had gained almost 190 points or 2.7 percent. The Jakarta Composite Index now rests just above the 7,220-point plateau and the losses may accelerate on Thursday.
RTTNews | 2h 25minuter sedan
Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian market is trading slightly higher on Thursday, extending the gains in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving a tad above the 8,600 level, with gains in gold miners and eergy partially offset by weakness in iron ore miners.
RTTNews | 2h 38minuter sedan
Hong Kong Bourse May Hand Back Wednesday's Gains

Hong Kong Bourse May Hand Back Wednesday's Gains

The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,360-point plateau and it's likely to remain rangebound on Thursday.
RTTNews | 2h 40minuter sedan
Lower Open Anticipated For Taiwan Stock Market

Lower Open Anticipated For Taiwan Stock Market

The Taiwan stock market has moved higher in three straight sessions, accelerating more than 810 points or 3.6 percent along the way. The Taiwan Stock Exchange now sits just above the 22,470-point plateau although it's expected to open under water on Thursday.
RTTNews | 3h 25minuter sedan