European Shares Seen Tad Lower At Open

RTTNews | 578 dagar sedan
European Shares Seen Tad Lower At Open

(RTTNews) - European stocks may open on a cautious note Monday ahead of a busy week of central bank meetings in the United States, Britain and Japan.

The highly anticipated Federal Reserve interest-rate decision is due on Wednesday, with no change expected.

Traders expect the Bank of Japan to tweak its yield curve control policy when it wraps up a two-day policy meeting on Tuesday.

The Bank of England is to hold its penultimate meeting of the year on Thursday, with economists anticipating a 'status quo policy update.'

Meanwhile, Israel stepped up ground attacks on Hamas targets in Gaza but held back from a full-on incursion, helping ease fears of a wider Middle East conflict involving regional superpower Iran and its proxies in Lebanon, Syria and Iraq.

Asian shares traded mixed in cautious trade as investors await cues from global reports on manufacturing and service sector activity.

Japan's Nikkei index was down over 1 percent as new poll surveys showed dwindling support for Prime Minister Fumio Kishida despite the announcement of tax rebates and handouts to help ease the impact of inflation.

U.S. earnings also remain on investors' radar, with Apple, Airbnb, McDonald's, Moderna and Eli Lilly & Co among the prominent companies due to report their results this week.

Quarterly national accounts and flash inflation figures from the euro area are due later in the day, headlining a busy day for the European economic news.

The dollar held steady in Asian trade and gold traded slightly weak above the $2,000 mark, while oil prices fell over 1 percent after ending 3 percent higher on Friday.

U.S. stocks ended mixed on Friday but notched weekly losses on fears of a recession and interest rates staying higher for longer.

The Dow fell 1.1 percent to hit a seven-month low and the S&P 500 dropped half a percent to reach a five-month closing low after data showed both inflation and consumer spending rose in September.

The tech-heavy Nasdaq Composite edged up 0.4 percent after Amazon trounced analysts' expectations for Q3 revenue and earnings.

European stocks closed lower on Friday amid concerns about the earnings and growth outlook.

The pan European STOXX 600 dropped 0.8 percent. The German DAX eased 0.3 percent, France's CAC 40 shed 1.4 percent and the U.K.'s FTSE 100 declined 0.9 percent.

read more
Wall Street Likely To Open On Negative Note

Wall Street Likely To Open On Negative Note

Lower U.S. futures and uncertainty surrounding Trump administration's tariff moves point to a flat start for stocks on Wall Street on Friday. Investors will also be digesting some crucial economic data, including reports on U.S. consumer confidence, Chicago PMI reading, and personal income & spending reports.
RTTNews | 2h 4minuter sedan
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Friday morning with investors reacting to a slew of economic data, and assessing the likely move of Trump administration with regard to tariffs.
RTTNews | 2h 28minuter sedan
FTSE 100 Rises 0.7%

FTSE 100 Rises 0.7%

UK stocks are up in positive territory a little past noon on Friday, remaining firm after a steady start. Despite concerns about inflation and uncertainty about tariffs, investors are picking up stocks amid cautious optimism about growth.
RTTNews | 3h 23minuter sedan
CAC 40 Modestly Higher In Cautious Trade

CAC 40 Modestly Higher In Cautious Trade

After a slightly weak start, the French market has moved higher on Friday with investors picking up stocks amid hopes the European Central Bank will lower interest rates at its ensuing meeting. The U.S. federal court's ruling against President Donald Trump's sweeping tariff moves on its trading partners had added to uncertainty on the trade front, rendering the mood a bit cautious.
RTTNews | 3h 53minuter sedan
DAX Up 0.8% On Selective Buying As Markets Await Clarity On Tariffs

DAX Up 0.8% On Selective Buying As Markets Await Clarity On Tariffs

German stocks are gaining notably ground in positive territory on Friday despite data showing a drop in the nation's retail sales in the month of April, and amid uncertainty about Trump administration's tariff moves after U.S. court rulings against the levies proposed by the U.S. President.
RTTNews | 4h 23minuter sedan
Yen Rises On Strong Tokyo Core Inflation Data

Yen Rises On Strong Tokyo Core Inflation Data

The Japanese yen strengthened against other major currencies in the Asian session on Friday, as Tokyo's core inflation data came in stronger than expected, increasing the chances of the Bank of Japan's (BoJ) 25 basis point rate hike in July.
RTTNews | 4h 48minuter sedan