European Shares Seen Lower As Trade Concerns Persist

RTTNews | 58 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
Canadian Dollar Higher Amid Rising Oil Prices

Canadian Dollar Higher Amid Rising Oil Prices

The Canadian dollar advanced against its most major counterparts in the New York session on Friday amid a spike in oil prices after Israel launched fresh wave of attacks on Iran.
RTTNews | 8h 7phút trước
Swiss Stock Market Heads South On Friday

Swiss Stock Market Heads South On Friday

The Swiss stock market turned lower again on Friday, one day after snapping the two-day slide in which it had given up more than 50 points or 0.4 percent.
RTTNews | 10h 5phút trước
U.S. Consumer Sentiment Improves Much More Than Expected In June

U.S. Consumer Sentiment Improves Much More Than Expected In June

Preliminary data released by the University of Michigan on Friday showed a substantial improvement by consumer sentiment in the U.S. in the month of June. The University of Michigan said its consumer sentiment index surged to 60.5 in June after holding at 52.2 in May. Economists had expected the index to rise to 53.5.
RTTNews | 13h 33phút trước
CPSC Recalls: 1.2 Mln Anker Power Banks, Hedge Trimmers, High Chairs, Mattresses, Pool Covers

CPSC Recalls: 1.2 Mln Anker Power Banks, Hedge Trimmers, High Chairs, Mattresses, Pool Covers

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including around 1.2 million Anker Power Banks, as well as hedge trimmers, high chairs, mattresses, pool covers and Skywalker Pro Via Ferrata Sets. China- based Anker Innovations Limited has called back about 1.16 million units of power banks citing fire and burn risks, and TTI Outdoor Power Equipment recalled...
RTTNews | 13h 56phút trước
FTSE 100 Falls Amidst Israel-Iran Conflict

FTSE 100 Falls Amidst Israel-Iran Conflict

Renewed geopolitical tensions from the Israel-Iran conflict weighed on sentiment for the FTSE 100 benchmark as it shed more than a quarter percent in Friday's trade.
RTTNews | 15h 47phút trước
Eurozone Trade Surplus Declines To 3-Month Low

Eurozone Trade Surplus Declines To 3-Month Low

Eurozone trade surplus declined to a three month low in April as demand from the US softened following tariff hikes, official data revealed on Friday. The trade surplus declined to EUR 9.9 billion in April from EUR 37.3 billion in March, Eurostat reported. This was the lowest surplus since January. In the same period last year, the surplus totalled EUR 13.6 billion.
RTTNews | 16h 2phút trước
Geopolitical Tensions Drag Down CAC 40

Geopolitical Tensions Drag Down CAC 40

An escalation in geopolitical tensions in the Middle East triggered by the Israel-Iran conflict weighed on market sentiment dragging down the CAC 40. Concerns about the trade dispute between the U.S. also weighed on sentiment.
RTTNews | 16h 43phút trước