European Shares Set To Rise In Early Trade

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(RTTNews) - European stocks may open higher on Tuesday, with underlying sentiment likely to remain supported by firm U.S. stock futures and buying in beaten-down shares.

U.S. markets will resume trading later in the day after remaining closed on Monday for the Juneteenth holiday.

Asian stocks advanced, gold ticked higher and the dollar dipped slightly as investors braced for Fed Chair Jerome Powell's testimony on the bi-annual monetary policy report.

Bitcoin held just above $20,000 following problems at several major crypto firms.

Oil prices climbed, with WTI crude futures rallying more than 2 percent as the focus returned to tight supplies.

The United States is in talks with Canada and other allies to further restrict Russia's oil revenues by capping the price it would get for its crude, U.S. Treasury Secretary Janet Yellen said on Monday.

European stocks rebounded on Monday after seeing sharp losses the previous week on worries about a recession and bets of bigger interest-rate hikes from major central banks.

The pan-European Stoxx 600 index rose 1 percent despite French President Emmanuel Macron losing an absolute majority in the country's parliamentary election and ECB President Christine Lagarde reaffirming plans to raise the ECB's interest rates twice this summer.

The German DAX climbed 1.1 percent, France's CAC 40 index gained 0.6 percent and the U.K.'s FTSE 100 added 1.5 percent.

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Tuesday, but extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks partially offset by weakness in mining and technology stocks.

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Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, despite the broadly negative cues from Wall Street overnight, with the Australian and the Japanese markets hitting record all-time highs, as the U.S. and China agreed to extend their tariff truce for another 90 days. Optimism about the US Fed cutting interest rate at its next meeting is also aiding market sentiment.

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Sensex, Nifty Set For Muted Open On Mixed Global Cues

Indian shares are seen opening flat to slightly lower on Tuesday after rising sharply in the previous session as the announcement of a meeting between Russian President Vladimir Putin and U.S. President Donald Trump has fueled expectations of a potential end to sanctions limiting supply of Russian oil to other markets.

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Japanese Market Sharply Higher; Up 2%

The Japanese stock market is trading sharply higher on Tuesday, extending the gains in the previous five sessions, despite the broadly negative cues from Wall Street overnight, with the Nikkei 225 surging over 2 percent near the 42,700 level to record all-time highs, with gains across all sectors led by index heavyweights, technology and financial stocks.

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Indonesia Stock Market May Be Stuck In Neutral On Tuesday

The Indonesia stock market has tracked higher in back-to-back sessions, improving more than 115 points or 15 percent along the way. The Jakarta Composite Index now sits just above the 7,600-point plateau although it's expected to open in the red 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.

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Renewed Consolidation Likely For Hong Kong Stock Market

The Hong Kong stock market moved higher again on Monday, one session after snapping the four-day winning streak in which it had rallied more than 570 points or 2.4 percent. The Hang Seng Index now rests just above the 24,900-point plateau although it may hand back those 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.

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Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday after opening in the red, extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks and a mixed performance in mining and technology stocks.

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China Stock Market May Hand Back Monday's Gains

The China stock market bounced higher again on Monday, one session after halting the four-day winning streak in which it had gathered almost 80 points or 2.4 percent. The Shanghai Composite Index now sits just beneath the 3,650-point plateau although it's likely to head south 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.

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EURUSD	1.16207	GBPUSD	1.34304	AUDUSD	0.65071
USDJPY	148.403	USDCAD	1.37797	USDCHF	0.81107