European Shares May Open On Soft Note On Hawkish Fed Minutes

RTTNews | 869 dagar sedan
European Shares May Open On Soft Note On Hawkish Fed Minutes

(RTTNews) - European stocks are likely to open on a tepid note Thursday, as investors react to hawkish Fed minutes and keep a wary eye on the COVID-19 situation in China.

The dollar index traded weak despite the latest Fed minutes indicating officials intend to keep hiking rates in 2023 and would not ease policy until prices are under control.

Gold dipped slightly while oil prices rose over 1 percent after plunging around 9 percent in the previous two sessions on concerns about the demand outlook in the United States and China.

Asian markets traded mostly higher in cautious trade as hopes for a strong economic recovery in China dwarfed worries over COVID spike and an impending global recession. China's COVID data is not giving an accurate picture of the situation there and underrepresents the number of hospitalizations and deaths from the disease, Mike Ryan, WHO's emergencies director, told reporters in Geneva.

China's central bank said on Wednesday it would keep liquidity reasonably ample and implement a targeted and prudent monetary policy in 2023 to spur domestic consumption and key investment projects.

In economic releases, China's services activity shrank in December, but the pace of recent declines slowed, and business confidence reached a 17-month high, a private survey showed.

German trade and euro area inflation figures will be in focus later in the day.

Across the Atlantic, trading may be impacted by reports on weekly jobless claims, private sector employment and the U.S. trade deficit ahead of the closely watched nonfarm payrolls data on Friday.

U.S. stocks fluctuated before eventually finishing higher overnight, as latest data revealed contraction in manufacturing activity and the minutes from the Fed's December policy meeting showed interest rates will stay high through 2023 to curb "unacceptably high" inflation.

The Dow edged up 0.4 percent, the tech-heavy Nasdaq Composite gained 0.7 percent and the S&P 500 added 0.8 percent.

European stocks closed on a buoyant note Wednesday amid more positive economic data and signs of cooling inflation in the region.

The pan European STOXX 600 jumped 1.4 percent. The German DAX surged 2.2 percent, France's CAC 40 index rallied 2.3 percent and the U.K.'s FTSE 100 rose 0.4 percent.

read more
European Economic News Preview: UK Retail Sales Data Due

European Economic News Preview: UK Retail Sales Data Due

Retail sales from the UK and detailed quarterly national accounts from Germany are the top economic news due on Friday. At 2.00 am ET, the Office for National Statistics releases UK retail sales for April. Economists forecast retail sales to grow 0.3 percent on a monthly basis, after rising 0.4 percent in March.
RTTNews | 46 minuter sedan
Sensex, Nifty Rebound As US Bond Yields Ease

Sensex, Nifty Rebound As US Bond Yields Ease

Indian shares traded higher on Friday as U.S. Treasury yields eased from recent highs on improved economic data and comments from a Federal Reserve official that he still sees a path to interest rate cuts later this year.
RTTNews | 1h 23minuter sedan
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market moves on Friday, reversing some of the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving to near the 8,400 level, with gains is financial and technology stocks partially offset by weakness in mining and energy stocks.
RTTNews | 2h 11minuter sedan
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Friday, following the mixed cues from Wall Street overnight, as US Treasury yields eased on improved US data and comments from a US Fed official that he still sees a path to interest rate cuts later this year. Concerns about the fiscal impact of the US Republican tax cut bill is weighing on the markets. Asian markets ended mostly lower on Thursday.
RTTNews | 2h 32minuter sedan
Sensex, Nifty Seen Higher At Open

Sensex, Nifty Seen Higher At Open

Indian shares are seen opening a tad higher on Friday as U.S. Treasury yields eased on improved U.S. data and comments from a Federal Reserve official that he still sees a path to interest rate cuts later this year.
RTTNews | 2h 55minuter sedan
Thai Bourse May Extend Losing Streak

Thai Bourse May Extend Losing Streak

The Thai stock market has finished lower in two straight sessions, giving away more than 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,175-point plateau and it may tick lower again on Friday.
RTTNews | 3h 31minuter sedan
Japanese Market Notably Higher

Japanese Market Notably Higher

Reversing the losses in the previous two sessions, the Japanese market is notably higher on Friday, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving above the 37,250 level, with gains across most sectors led by index heavyweights, exporters and technology stocks.
RTTNews | 3h 59minuter sedan
Indonesia Stock Market May Spin Its Wheels On Friday

Indonesia Stock Market May Spin Its Wheels On Friday

The Indonesia stock market has moved higher in two straight sessions, gathering more than 70 points or 1 percent along the way. The Jakarta Composite Index now rests just above the 7,165-point plateau, although the rally may stall on Friday.
RTTNews | 4h 1minuter sedan