European Shares Seen Lower As Trade Concerns Persist

RTTNews | 56 ngày trước
European Shares Seen Lower As Trade Concerns Persist

(RTTNews) - European stocks are likely to open lower on Wednesday after chip major Nvidia said it would take a quarterly charge of about $5.5 billion tied to exporting H20 graphics processing units to China.

Meanwhile, after Beijing paused Boeing orders, the White House said the next move in stalled trade talks must come from China.

U.S. reports on retail sales and industrial production along with any new developments on the tariff front may garner investor attention later in the day.

U.S. stock futures slipped as investors looked for more earnings from the first-quarter season.

Asian markets were mostly lower, with Hong Kong and Japan leading regional losses as trade war anxiety overshadowed a series of upbeat data from China.

China Q1 GDP beating estimates, but analysts said the growth target of around 5 percent this year is unlikely to be achieved, given a protracted property downturn, sluggish domestic demand and the recent sweeping U.S. tariffs on Chinese goods.

Industrial output rose at a faster pace in March, retail sales growth topped expectations and fixed asset investment was in line with expectations, aided by the government's initiatives to boost local consumption.

The dollar slumped, helping gold prices climb nearly 2 percent to a new record high past $3,280 per ounce.

Oil extended losses amid expectations for a glut and lingering concerns over the effects of U.S.-China trade war.

U.S. stocks fluctuated before ending modestly lower overnight despite better-than-expected first-quarter earnings from Bank of America and Citigroup.

An uneasy calm prevailed as the Mexican government halted U.S. fuel imports sent into the country by road and China ordered its airlines not to take further deliveries of Boeing jets in retaliation against U.S. tariffs.

The Dow shed 0.4 percent, the S&P 500 slid 0.2 percent and the tech-heavy Nasdaq Composite finished marginally lower.

European stocks closed higher on Tuesday amid tentative optimism that there will be some respite from U.S. President Trump's tariffs regime.

The pan European STOXX 600 climbed 1.6 percent. The German DAX and the U.K.'s FTSE 100 both jumped by 1.4 percent while France's CAC 40 added 0.9 percent.

read more
Sensex, Nifty Marginally Higher In Lackluster Trade

Sensex, Nifty Marginally Higher In Lackluster Trade

Indian shares were marginally higher on Wednesday after top U.S. and Chinese officials agreed on a "framework" to move forward on trade, following two days of high-level talks in London.
RTTNews | 2h 1phút trước
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian market is trimming its early gains in mid-market moves on Wednesday, but extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 8,600 level to fresh all-time highs, following the positive cues from Wall Street overnight, with gains in iron ore miners, energy and financial stocks partially offset by weakness in gold miners and technology stocks.
RTTNews | 3h 2phút trước
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, amid easing trade war tensions after top U.S. and Chinese officials agreed upon a "framework" to move forward on trade, following two days of high-level talks in London. The framework will first need to be approved by leaders in Washington and Beijing.
RTTNews | 3h 26phút trước
Sensex, Nifty Set For Muted Start

Sensex, Nifty Set For Muted Start

Indian shares are seen opening little changed on Wednesday despite top U.S. and Chinese officials agreeing on a "framework" to move forward on trade, following two days of high-level talks in London.
RTTNews | 3h 55phút trước
Thai Bourse May Extend Tuesday's Gains

Thai Bourse May Extend Tuesday's Gains

The Thai stock market on Tuesday ended the two-day slide in which it had slipped more than 5 points or 0.4 percent. The Stock Exchange of Thailand now rests just beneath the 1,140-point plateau and it may tick higher again on Wednesday.
RTTNews | 4h 26phút trước
Japanese Market Modestly Higher

Japanese Market Modestly Higher

The Japanese stock market is trading modestly higher on Wednesday, extending the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 38,300 level, with gains across most sectors led by index heavyweights and technology stocks. Financial stocks are a weak spot.
RTTNews | 4h 52phút trước
Indonesia Shares May Open To The Upside

Indonesia Shares May Open To The Upside

The Indonesia stock market has moved higher in three straight sessions, gathering almost 190 points or 2.7 percent along the way. The Jakarta Composite Index now rests just above the 7,230-point plateau and it's looking at a firm lead again for Wednesday's trade.
RTTNews | 4h 56phút trước