European Shares Poised For Higher Open

RTTNews | 174 ngày trước

(RTTNews) - European stocks look set to open on an upbeat note Wednesday, a day after U.S. President Donald Trump's trade war drew swift retaliation with new tariffs from Mexico, Canada and China.

Offering a temporary reprieve from tariff worries, U.S. Commerce Secretary Howard Lutnick hinted that some relief could be around the corner for Canada and Mexico.

A potential deal is expected to involve reducing, at least partially, the new 25 percent tariffs on imports from both countries.

Elsewhere, Beijing announced a 2025 economic growth target of around 5 percent and pledged additional fiscal support to counter the effects of deflation, a property crash and rising U.S. tariffs.

The special initiatives to boost consumption include proposals to cut the reserve ratios and interest rates, issue special treasury bonds to support state-owned lenders in replenishing capital and use monetary policy instruments to bolster property and stock markets.

There is also some cheer on the data front as a private survey showed China's services sector grew more than expected in February, driven by a faster rebound in demand.

Asian markets traded mixed, and the dollar held near a three-month low versus major peers while gold slipped, influenced by higher Treasury yields.

Oil prices extended losses for a third straight session on demand concerns and amid the prospect of higher supplies from OPEC+.

Trading later in the day may be impacted by reaction to the latest U.S. economic data, including reports on private sector employment, service sector activity and factory orders.

Closer home, Eurozone HCOB services PMI data may garner some attention ahead of the release of Eurozone retail sales data and the ECB rate decision on Thursday.

U.S. stocks slumped overnight amid escalating trade tensions and mounting concerns about growth.

The tech-heavy Nasdaq Composite ended 0.4 percent lower after having plunged by as much as 2.1 percent to a nearly five-month intraday low.

The S&P 500 fell 1.2 percent to a four-month closing low while the Dow gave up 1.6 percent.

European stocks fell from record highs on Tuesday as fresh U.S. tariffs on Canada, Mexico and China took effect, and China and Canada announced retaliatory measures.

The pan European STOXX 600 tumbled 2.1 percent and logged its worst day since August 2024.

The German DAX plunged 3.5 percent after the prospective partners in Germany's next government agreed to abandon strict fiscal controls to boost defense spending.

France's CAC 40 plummeted 1.9 percent and the U.K.'s FTSE 100 lost 1.3 percent.

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.

RTTNews | 51 phút trước

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.

RTTNews | 1h 12phút trước

Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

RTTNews | 1h 43phút trước

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2h 23phút trước

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | 2h 51phút trước

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2h 53phút trước

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 3h 8phút trước

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | 3h 11phút trước

EURUSD	1.16308	GBPUSD	1.34555	AUDUSD	0.64778
USDJPY	147.758	USDCAD	1.38567	USDCHF	0.80551