European Shares To Open Lower On US Rate Worries

RTTNews | 691天前

(RTTNews) - European stocks are seen opening on a cautious note Wednesday as fresh signs of economic strength stoked concerns that U.S. monetary policy will remain restrictive for longer.

Asian markets were broadly lower, with Japan's Nikkei index falling around 2 percent after suspected intervention by Japanese authorities to combat a sustained depreciation of the yen.

In economic releases, Eurozone retail sales and producer price data for August along with final purchasing managers' index figures for September may attract investor attention later in the day.

Across the Atlantic, reports on private sector employment, service sector activity and factory orders coupled with remarks by several Fed officials may influence market sentiment ahead of Friday's key monthly jobs report.

CME Group's FedWatch Tool currently indicates a 27.7 percent chance the Fed will raise rates by another quarter point next month and a 39.2 percent chance of a quarter point rate hike in December.

Gold held steady near seven-month lows while oil struggled for direction ahead of an OPEC review of the global crude market and a weekly update of U.S. stockpiles.

U.S. stocks fell sharply overnight to reach four-month lows and the 10-yeat Treasury yield hit a 16-year high, as the August job openings survey signaled a tight labor market, keeping the risks tiled toward another Fed rate hike.

The Dow dropped 1.3 percent and the S&P 500 lost 1.4 percent while the tech-heavy Nasdaq Composite plunged 1.9 percent to extend the late summer selloff.

European stocks ended Tuesday's session notably lower on concerns over higher interest rates and the gloomy economic outlook.

The pan European STOXX 600 fell 1.1 percent. The German DAX gave up 1.1 percent, France's CAC 40 shed 1 percent and the U.K.'s FTSE 100 declined half a percent.

Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains 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 | 30分钟前

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in three straight sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it's likely to open to the downside 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 | 1小时0分钟前

Japan Stock Market May Spin Its Wheels On Tuesday

The Japan stock market has moved higher in back-to-back sessions, gathering almost 200 points or 0.5 percent along the way. The Nikkei 225 now rests just above the 42,800-point plateau although it may be stuck in neutral 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. The Nikkei finished modestly higher on Monday following gains from the financial shares, weakness from the technology stocks and a mixed picture from the automobile companies. For the day, the index advanced 174.53 points or 0.41 percent to finish at 42,807.82 after trading between 42,681.37 and 43,201.42. Among the actives, Nissan Motor accelerated 3.15 percent, while Mazda Motor shed 0.55 percent, Toyota Motor eased 0.10 percent, Honda Motor climbed 1.01 percent, Softbank Group soared 3.53 percent, Mitsubishi UFJ Financial dipped 0.11 percent, Mizuho Financial collected 0.79 percent, Sumitomo Mitsui Financial added 0.41 percent, Mitsubishi Electric rose 0.35 percent, Sony Group slumped 1.11 percent, Panasonic Holdings lost 0.49 percent and Hitachi fell 0.24 percent.

RTTNews | 1小时15分钟前

KOSPI May Run Out Of Steam On Tuesday

The South Korea stock market has tracked higher in three straight sessions, collecting almost 80 points or 2.6 percent along the way. The KOSPI now sits just shy of the 3,210-point plateau although it's due for consolidation 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 | 1小时30分钟前