European Shares To Open On Mixed Note As China's Annual Political Meeting Kicks Off

RTTNews | 543 gün önce

(RTTNews) - European stocks may open on a mixed note Monday as geopolitical worries persist.

Israel boycotted Gaza ceasefire talks in Cairo after Hamas failed to respond to its demand for a hostage list.

Asian markets traded mixed as investors awaited cues from China's annual policy meeting where Beijing's annual growth target and other key policies will be announced.

Japan's benchmark Nikkei 225 surpassed the 40,000 mark for the first time after reports that the government is considering declaring an end to deflation.

The dollar steadied from recent losses in anticipation of more Fed cues.

This week's trading is likely to be driven by a testimony by Fed Chair Jerome Powell and reaction to the release of the U.S. services PMI figures and the monthly jobs report.

Powell testifies Tuesday and Wednesday before House and Senate committees, a semi-annual exercise.

Gold consolidated near two-month highs while oil was largely unchanged after climbing over 2 percent to a four-month high on Friday amid rising tensions in the Red Sea and Middle East.

On Sunday, several OPEC+ members have announced extensions of oil output cuts into the second quarter to support the "stability and balance of oil markets".

Investor confidence data from the euro area is due later in the day, headlining a light day for the European economic news.

The euro area investor confidence index is forecast to improve to -10.8 in March from -12.9 in February.

U.S. stocks closed higher on Friday as Dell reported strong Q4 earnings and weak manufacturing and consumer sentiment data sent 2-, 10- and 30-year Treasury yields to around three-week lows.

The tech-heavy Nasdaq Composite and the S&P 500 jumped 1.1 percent and 0.8 percent, respectively to reach new record closing highs while the Dow edged up 0.2 percent.

European stocks ended Friday's session broadly higher as data showed Eurozone inflation softened for the second straight month in February.

The pan European STOXX 600 gained 0.6 percent. The German DAX rose 0.3 percent, France's CAC 40 inched up marginally and the U.K.'s FTSE 100 added 0.7 percent.

Canadian Market Up In Positive Territory; BRP Rises Sharply On Strong Earnings

Despite weak GDP data, the Canadian market is up firmly in positive territory Friday afternoon with stocks from materials and healthcare sectors contributing significantly to the gains.

RTTNews | 1s 23 dakika önce

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.

RTTNews | 2s 0 dakika önce

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.

RTTNews | 2s 28 dakika önce

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.

RTTNews | 5s 13 dakika önce

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.

RTTNews | 5s 32 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 closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.

RTTNews | 6s 15 dakika önce

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1

RTTNews | 6s 45 dakika önce

U.S. PCE Price Index Increased 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 closely watched data released by the Commerce Department on Friday.

RTTNews | 6s 57 dakika önce

EURUSD	1.16966	GBPUSD	1.35103	AUDUSD	0.65447
USDJPY	146.972	USDCAD	1.3731	USDCHF	0.80012