European Shares May See Muted Gains Ahead Of US Jobs Data

RTTNews | 676 gün önce

(RTTNews) - European stocks may open on a steady note Friday, with trading later in the day likely to be impacted by reaction to the release of monthly U.S. jobs report.

The U.S. jobs report as well as next week's inflation data may provide additional clues as to the path forward for Federal Reserve interest rates.

U.S. employment is expected to climb by 170,000 jobs in September after an increase of 187,000 jobs in August. The unemployment rate is expected to edge down to 3.7 percent from 3.8 percent.

San Francisco Fed president Mary Daly told the Economic Club of New York that the Fed may hold interest rates steady if inflation and the jobs market continue to cool.

Chicago Fed President Austan Goolsbee said on Bloomberg's Odd Lots podcast that all eyes right now are on getting inflation down toward the 2 percent inflation goal and at the same time averting a recession.

International Monetary Fund (IMF) Managing Director Kristalina Georgieva said that she sees increased chances of a "soft landing" for the global economy, despite high interest rates.

The European economic calendar for the day includes reports on French trade balance, German factory orders data and U.K. house prices.

Asian stocks traded mixed, with Hong Kong markets leading regional gains ahead of the reopening of Chinese markets next week after the Golden week holiday.

Investors also cheered news reports suggesting that the White House has started making plans for a face-to-face meeting between U.S. President Joe Biden and Chinese leader Xi Jinping in San Francisco next month.

The dollar was seeing rangebound movement but remained on track for 12 straight weeks of gains.

Gold was little changed while oil prices were seeing marginal gains after two days of hefty losses on demand woes.

U.S. stocks ended marginally lower overnight as investors awaited the September employment report for clues on the economic and rate outlook.

Treasuries extended a pullback after data showed weekly jobless claims rose slightly last week.

European stocks ended mostly higher on Thursday despite a raft of weak data points. The pan European STOXX 600 gained 0.3 percent. The German DAX slipped 0.2 percent, while France's CAC 40 edged up marginally and the U.K.'s FTSE 100 rose half a percent.

U.S. Small Business Confidence Improves In July - NFIB

Small business optimism in the U.S. strengthened in July after eroding in the previous month as business expectations turned positive despite a rise in uncertainty, results of a monthly survey by the National Federation of Independent Businesses showed on Tuesday.

RTTNews | 1s 18 dakika önce

Swiss Market Settles Marginally Higher

The Switzerland market ended marginally up on Tuesday after a choppy ride, with investors mostly making their moves, reacting to recent earnings updates.

RTTNews | 3s 10 dakika önce

European Stocks Close Broadly Higher On Fed Rate Cut Hopes, Easing Trading Tensions

European stocks closed broadly higher on Tuesday amid easing trade tensions after the U.S. extended its pause on higher tariffs for Chinese goods until November 10, averting an immediate escalation in the trade war. Expectations of a rate cut by the Federal Reserve in September contributed as well to the positive show by most of the markets in Europe.

RTTNews | 3s 30 dakika önce

Canadian Market Modestly Higher

The Canadian market is up in positive territory around early afternoon on Tuesday, supported by gains in communications, healthcare, financials and technology sectors. Easing trade tensions, and expectations of an interest rate cut by the Federal Reserve next month appear to be aiding sentiment.

RTTNews | 4s 7 dakika önce

UK Labor Market Cools In Q2

The U.K. labor market softened in the second quarter as wage growth eased, the unemployment rate held steady at a four-year high and job vacancies continued to decline sharply, official data revealed on Tuesday. The ILO jobless rate held steady at 4.7 percent in the second quarter, figures from the Office for National Statistics revealed and was in line with expectations.

RTTNews | 7s 31 dakika önce

U.S. Consumer Prices Increase 0.2% In July, In Line With Estimates

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to a report released by the Labor Department on Tuesday. The Labor Department said its consumer price index rose by 0.2 percent in July after climbing by 0.3 percent in June. The modest increase matched expectations.

RTTNews | 7s 43 dakika önce

Cardinal Health Lifts FY26 Outlook, But Stock Down As Q4 Revenues Miss Street; To Buy Solaris Health

Shares of Cardinal Health, Inc. were losing around 6% in the pre-market activity after the company's fourth-quarter top line missed the market view, even as profit beat the Street. In addition, the health care service provider raised its fiscal 2026 outlook, also above market estimates. Separately, Cardinal Health announced that its multi-specialty management services organization or MSO platform

RTTNews | 8s 7 dakika önce

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to a report released by the Labor Department on Tuesday.

RTTNews | 8s 27 dakika önce

EURUSD	1.1672	GBPUSD	1.3505	AUDUSD	0.65193
USDJPY	147.799	USDCAD	1.3774	USDCHF	0.8058