European Shares Seen Mostly Higher As Traders Eye Ukraine Peace Talks

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(RTTNews) - European stocks may open flat to slightly higher on Tuesday as investors weigh the potential impact of higher U.S. tariffs and look forward to a key meeting on the Ukrainian conflict, bringing together American and Russian officials.

Saudi is hosting these talks without European leaders and President Zelenskyy.

Amid much uncertainty over trade and the monetary policy path, market participants also await further policy signals from Fed officials.

Federal Reserve Governor Christopher Waller noted late Monday that recent economic data support keeping interest rates on hold, but officials can get back to cutting rates at some point this year, if inflation behaves as it did in 2024.

Separately, Michelle Bowman, Governor of the Federal Reserve, said that she wants to see more progress on inflation before deciding on another rate cut.

Asian markets were mixed, recouping early losses amid optimism around a revival in China's economy.

After holding a rare meeting on Monday with some of the biggest names in China's technology sector, President Xi Jinping has promised 'unwavering' support for private sector.

The Japanese yen held on to its recent gains as strong Q4 GDP data fueled bets the Bank of Japan will raise interest rates sooner and to higher levels than previously anticipated.

Elsewhere, the Reserve Bank of Australia cut official interest rates for the first time in four years but cautioned about future cuts.

The U.S. dollar wobbled near two-month lows amid trade policy uncertainty and ahead of the release of minutes of the Federal Reserve's January meeting on Wednesday.

Gold traded higher above $2,900 per ounce. Oil prices traded higher, with WTI futures rising over 1 percent after reports emerged that the OPEC+ group is considering postponing their planned production hike in April.

U.S. markets were closed overnight for Washington's Birthday.

European stocks marked a record close high on Monday, with defense stocks rallying as EU leaders convened an emergency meeting in Paris for talks on Ukraine and to ramp up regional security.

The pan European STOXX 600 gained half a percent. The German DAX jumped 1.3 percent, France's CAC 40 edged up 0.1 percent and the U.K.'s FTSE 100 added 0.4 percent.

Sensex, Nifty Deep In The Red On Tariff Worries

Indian shares opened on a sluggish note on Tuesday after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.

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Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.

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Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.

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Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

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Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

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Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

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Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

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Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

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EURUSD	1.16319	GBPUSD	1.34553	AUDUSD	0.64788
USDJPY	147.783	USDCAD	1.38549	USDCHF	0.80554