European Shares To See Cautious Start As Israel Steps Up Gaza Strikes

RTTNews | 606 dagar sedan
European Shares To See Cautious Start As Israel Steps Up Gaza Strikes

(RTTNews) - European stocks are seen opening flat to slightly lower on Tuesday as the U.S. and its allies stepped up diplomatic efforts to prevent the war between Israel and Hamas from engulfing the wider region.

As concerns mount over a possible larger regional conflict, U.S President Joe Biden will pay a solidarity visit to Israel on Wednesday.

During a phone call on Monday, Biden and Egyptian President Abdel Fattah El-Sisi have discussed ongoing efforts to alleviate the worsening humanitarian crisis in the Gaza Strip, the White House said.

Meanwhile, after a flurry of calls to key regional players, Russia said there was a "unanimous opinion" on the need for a cease-fire.

Asian stocks traded mostly higher, with benchmark indexes in Japan and South Korea rising over 1 percent each, even as Israeli forces kept up their bombardment of Gaza after efforts to arrange a cease-fire stalled.

The dollar index was marginally higher and Treasury yields ticked higher ahead of key U.S. and Chinese data as well as Fed Chair Jerome Powell's speech due this week.

German ZEW survey results and U.S. retail sales data may sway markets later in the day.

Traders await U.S. reports on industrial production, housing starts and existing home sales in the comings days for additional clues on the Fed's rate trajectory.

Investors also braced for a busy week of earnings, with Goldman Sachs, Bank of America, Tesla, Netflix and Johnson & Johnson among the companies scheduled to announce their quarterly results this week.

Gold extended losses for a second day running while oil prices were little changed after falling over 1 percent overnight.

U.S. stocks rallied overnight as earnings optimism helped outweigh concerns over rising bond yields and the ongoing war in the Middle East.

Investors shrugged off the New York Federal Reserve's report showing worsening conditions within its region's manufacturing sector in October.

The Dow advanced 0.9 percent, the S&P 500 climbed 1.1 percent and the tech-heavy Nasdaq Composite added 1.2 percent.

European stocks eked out modest gains on Monday, with financials and mining stocks leading the surge.

The pan European STOXX 600 rose 0.2 percent. The German DAX and France's CAC 40 both edged up around 0.3 percent while the U.K.'s FTSE 100 gained 0.4 percent.

read more
Canadian Dollar Higher Amid Rising Oil Prices

Canadian Dollar Higher Amid Rising Oil Prices

The Canadian dollar advanced against its most major counterparts in the New York session on Friday amid a spike in oil prices after Israel launched fresh wave of attacks on Iran.
RTTNews | 1 dag sedan
Swiss Stock Market Heads South On Friday

Swiss Stock Market Heads South On Friday

The Swiss stock market turned lower again on Friday, one day after snapping the two-day slide in which it had given up more than 50 points or 0.4 percent.
RTTNews | 1 dag sedan
U.S. Consumer Sentiment Improves Much More Than Expected In June

U.S. Consumer Sentiment Improves Much More Than Expected In June

Preliminary data released by the University of Michigan on Friday showed a substantial improvement by consumer sentiment in the U.S. in the month of June. The University of Michigan said its consumer sentiment index surged to 60.5 in June after holding at 52.2 in May. Economists had expected the index to rise to 53.5.
RTTNews | 1 dag sedan
CPSC Recalls: 1.2 Mln Anker Power Banks, Hedge Trimmers, High Chairs, Mattresses, Pool Covers

CPSC Recalls: 1.2 Mln Anker Power Banks, Hedge Trimmers, High Chairs, Mattresses, Pool Covers

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including around 1.2 million Anker Power Banks, as well as hedge trimmers, high chairs, mattresses, pool covers and Skywalker Pro Via Ferrata Sets. China- based Anker Innovations Limited has called back about 1.16 million units of power banks citing fire and burn risks, and TTI Outdoor Power Equipment recalled...
RTTNews | 1 dag sedan
FTSE 100 Falls Amidst Israel-Iran Conflict

FTSE 100 Falls Amidst Israel-Iran Conflict

Renewed geopolitical tensions from the Israel-Iran conflict weighed on sentiment for the FTSE 100 benchmark as it shed more than a quarter percent in Friday's trade.
RTTNews | 1 dag sedan
Eurozone Trade Surplus Declines To 3-Month Low

Eurozone Trade Surplus Declines To 3-Month Low

Eurozone trade surplus declined to a three month low in April as demand from the US softened following tariff hikes, official data revealed on Friday. The trade surplus declined to EUR 9.9 billion in April from EUR 37.3 billion in March, Eurostat reported. This was the lowest surplus since January. In the same period last year, the surplus totalled EUR 13.6 billion.
RTTNews | 1 dag sedan
Geopolitical Tensions Drag Down CAC 40

Geopolitical Tensions Drag Down CAC 40

An escalation in geopolitical tensions in the Middle East triggered by the Israel-Iran conflict weighed on market sentiment dragging down the CAC 40. Concerns about the trade dispute between the U.S. also weighed on sentiment.
RTTNews | 1 dag sedan