European Shares Seen Tad Higher At Open As China's Exports Rise

RTTNews | 615 gün önce

(RTTNews) - European stocks may open a tad higher on Friday as investors react to mixed economic data from China and await earnings from large U.S. banks later in the day for direction.

China's exports growth for December beat expectations in U.S. dollar terms, while imports rose slightly less than estimated.

China inflation data proved to be a mixed bag, with the CPI recording a softer fall than expected in the month while PPI remained in contraction for a fifteenth consecutive month, keeping alive expectations for more policy easing measures.

Geopolitical tensions also remained on investor's radar after Iran seized an oil tanker off the coast of Oman, and the U.S. and U.K. launched large-scale retaliatory strikes against Iran-backed Houthi militants in Yemen.

Elsewhere, U.S. Secretary of State Antony Blinken will meet a senior Chinese official in Washington today on the eve of Taiwan's presidential and parliamentary elections.

Asian markets traded mixed, with Japan's Nikkei extending its record-breaking rally as the yen hovered near one-month lows on dovish BOJ bets.

The dollar showed little strength ahead of U.S. producer price inflation data due later in the day, while oil prices jumped nearly 2 percent on fears of increased supply disruptions.

Gold also traded higher amid fears of further escalation in the Middle East conflict.

U.S. stocks climbed well off their worst levels of the day to end narrowly mixed overnight as hotter-than-expected inflation data dented rate cut hopes.

The CPI reading accelerated to 3.4 percent year-on-year in December from 3.1 percent the previous month while the core inflation rate slowed to 3.9 percent from 4.0 percent.

Federal Reserve Bank of Cleveland President Loretta Mester said in an interview that it was premature to consider cutting interest rates as soon as March.

Richmond Fed President Thomas Barkin said that the latest data did little to clarify the path of inflation.

European stocks erased earlier gains to end notably lower on Thursday. The pan European STOXX 600 gave up 0.8 percent.

The German DAX shed 0.9 percent, France's CAC 40 dropped half a percent and the U.K.'s FTSE 100 declined 1 percent.

U.S. Dollar Advances After Fed Decision

The U.S. dollar climbed against its major counterparts in the New York session on Wednesday, as the Federal Reserve cut its key interest rate and projected two more reductions for this year.

RTTNews | 2s 35 dakika önce

Fed Cuts Rates By Quarter Point, Forecasts Two More Rate Cuts This Year

In a widely expected move, the Federal Reserve on Wednesday announced that it has decided to lower interest rates by a quarter point, marking the first rate cut of 2025. The Fed said it decided to lower the target range for the federal funds rate by 25 basis points to 4.0 percent to 4.25 percent, citing a shift in the balance of risks.

RTTNews | 6s 33 dakika önce

Swiss Market Ends Marginally Down

After a weak start and a subsequent long spell in negative territory, the Switzerland market briefly moved above the flat line in late afternoon trade on Wednesday, but failed to sustain momentum and settled marginally down with a few frontline stocks turning weak again.

RTTNews | 7s 0 dakika önce

European Markets Close Mixed After Cautious Session

European stocks turned in a mixed performance on Wednesday with investors digesting regional economic data, and awaiting the Federal Reserve's monetary policy announcement due later in the day.

RTTNews | 7s 29 dakika önce

Canadian Market Modestly Higher At Noon; BoC Lowers Interest Rate

Canadian stocks are up in positive territory around noon on Wednesday with investors reacting to the Bank of Canada's decision to cut interest rates by 25 basis points. The recent weak labor market data and economic slowdown have raised prospects of further easing by the Canadian central bank.

RTTNews | 8s 56 dakika önce

Bank Of Canada Lowers Interest Rates By A Quarter Point

After leaving interest rates unchanged for three straight meetings, the Bank of Canada on Wednesday announced its widely expected decision to lower rates by a quarter point. The Bank of Canada said it decided to reduce its target for the overnight rate by 25 basis points to 2.5 percent, with the Bank Rate at 2.75 percent and the deposit rate at 2.45 percent.

RTTNews | 9s 37 dakika önce

U.S. Housing Starts Pull Back Much More Than Expected In August

After reporting significant increases in new residential construction in the U.S. over the two previous months, the Commerce Department released a report on Wednesday showing housing starts pulled back by much more than expected in the month of August. The Commerce Department said housing starts plummeted by 8.5 percent to an annual rate of 1.307 million in August.

RTTNews | 10s 37 dakika önce

UK Inflation Unchanged At 3.8%

U.K. consumer price inflation remained sticky in August on higher food prices, official data showed Wednesday, ahead of the policy announcement by the Bank of England on Thursday. The consumer price index rose 3.8 percent on a yearly basis in August, the same rate of increase as seen in July, the Office for National Statistics reported. Inflation matched economists' expectations and stood well ab

RTTNews | 11s 49 dakika önce

EURUSD	1.18268	GBPUSD	1.36289	AUDUSD	0.66516
USDJPY	146.879	USDCAD	1.37665	USDCHF	0.78847