European Shares Set To Fall After Trump's New Tariff Threats

RTTNews | 258 dagar sedan

(RTTNews) - European stocks are likely to open lower on Tuesday after U.S. President-elect Donald Trump said on his Truth Social network that he would impose an additional 10 percent tariff on goods from China and 25 percent on all products from Mexico and Canada.

This measure was to cut down migrants and illegal drugs flowing across U.S. borders at levels never seen before, he said.

Asian stocks were mostly lower, with Chinese and Hong Kong markets bucking the weak trend. Japan's Nikkei was down nearly 1.5 percent as exporters were hit by a stronger yen.

The dollar rebounded strongly after Trump's tariff threat, and gold was little changed above $2,600 per ounce, while oil prices recovered some ground, after having fallen nearly 3 percent in the U.S. trading session overnight as Israel said that it had edged closer to a ceasefire agreement with Hezbollah.

In economic releases, trading later in the day may be impacted by reaction to U.S. reports on new home sales and consumer confidence as well as the minutes of the latest Fed meeting.

Investors also eagerly await Wednesday's report on personal income and spending, which includes the Federal Reserve's preferred inflation readings.

According to forecasts, inflation as measured by Personal Consumption Expenditures likely reaccelerated in October.

U.S. markets are closed Thursday due to the Thanksgiving holiday and close early on Friday.

Overnight, U.S. stocks closed higher as bond yields fell on news that President-elect Donald Trump intends to nominate billionaire hedge fund manager Scott Bessent as Treasury Secretary.

The Dow Jones Industrial Average rallied 1 percent to extend gains for a fourth straight session and reach a new record closing high.

The S&P 500 added 0.3 percent to extend its winning streak to six sessions and the tech-heavy Nasdaq Composite also rose 0.3 percent.

European stocks also closed on a firm note Monday as bond yields fell in reaction to Trump's Treasury Secretary pick. The pan-European STOXX 600 ended flat with a positive bias.

The German DAX and the U.K.'s FTSE 100 both rose around 0.4 percent, while France's CAC 40 finished marginally higher.

Singapore Bourse May Give Up Support At 4,200 Points

The Singapore stock market has finished lower in two straight sessions, slipping more than 25 points or 0.6 percent along the way. The Straits Times Index now sits just above the 4,230-point plateau and it may extend its losses on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 23 minuter sedan

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in five straight sessions, collecting more than 35 points or 2.4 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,560-point plateau although it's due for consolidation on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 53 minuter sedan

Win Streak May End For Japan Stock Market

Ahead of Monday's holiday for Mountain Day, the Japan stock market had moved higher in four consecutive sessions, advancing more than 1,580 points or 3.8 percent along the way. The Nikkei 225 now sits just above the 41,820-point plateau although investors are likely to lock in gains on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red. The Nikkei finished sharply higher on Friday with gains cross the board, especially among the finance, automobile and technology sectors. For the day, the index surged 761.38 points or 1.85 percent to finish at 41,820.48 after trading between 41,248.05 and 42,033.92. Among the actives, Nissan Motor accelerated 2.75 percent, while Mazda Motor spiked 4.91 percent, Toyota Motor jumped 3.47 percent, Honda Motor rallied 3.95 percent, Softbank Group skyrocketed 10.39 percent, Mitsubishi UFJ Financial collected 0.64 percent, Mizuho Financial advanced 1.02 percent, Sumitomo Mitsui Financial added 0.71 percent, Mitsubishi Electric fell 0.28 percent, Sony Group soared 3.50 percent, Panasonic Holdings climbed 1.16 percent and Hitachi rose 0.50 percent. The lead from Wall Street is negative as the major averages opened mixed on Monday, rallied midday but then slumped in the afternoon and finished under water.

RTTNews | 1h 8minuter sedan

Continued Consolidation Called For South Korea Shares

The South Korea stock market has finished lower in back-to-back sessions, sinking more than 20 points or 0.6 percent along the way. The KOSPI now sits just above the 3,200-point plateau and it may take further damage again on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 1h 23minuter sedan

Australia Interest Rate Decision On Tap For Tuesday

The Reserve Bank of Australia will wrap up its monetary policy meeting this morning and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBA is expected lower its benchmark lending rate by 25 basis points, to 3.60 percent from 3.85 percent.

RTTNews | 2h 23minuter sedan

U.S. Dollar Firms Against Majors

The U.S. dollar strengthened against its major counterparts in the New York session on Monday.

RTTNews | 3h 45minuter sedan

Swiss Market Fails To Hold Early Gains, Ends Just Slightly Up

Despite opening on a firm note, the Switzerland market paring gains and even slipped into negative territory in late afternoon trades on Monday, but managed to end the day's session slightly up.

RTTNews | 6h 38minuter sedan

European Stocks Close On Mixed Note After Cautious Session

European stocks turned in a mixed performance on Monday after a cautious session as investors looked ahead to upcoming talks between the U.S. and Russia on the Ukraine war issue, and the ongoing tariff negotiations between the U.S. and China, as well as some crucial economic data, including a report on consumer price inflation in the world's largest economy.

RTTNews | 7h 2minuter sedan

EURUSD	1.16138	GBPUSD	1.34298	AUDUSD	0.65185
USDJPY	148.333	USDCAD	1.37762	USDCHF	0.81202