European Stocks Seen Opening Strong

RTTNews | Před 854 dny
European Stocks Seen Opening Strong

(RTTNews) - European stock markets are expected to open on a positive note on Monday amidst an improved risk-on sentiment globally. Markets are expected to price in the anticipated decline in consumer price inflation in the U.S. in August to 8.1 percent, from 8.5 percent in the month of July, rejuvenating hopes of a pause in aggressive central bank monetary policy action. The CPI readings are due on Tuesday.

On Friday, European markets had finished with strong gains led by the pan-European Stoxx 600 which had rallied 1.52 percent. Germany's DAX had added 1.43 percent whereas France's CAC 40 had gained 1.41 percent. U.K.'s FTSE 100 had strengthened 1.23 percent while Switzerland's SMI had improved 1.02 percent.

The Wall Street had also closed with gains on Friday. Nasdaq-100 added 2.17 percent to close at 12,588.29 and the Dow Jones Industrial Average strengthened 1.19 percent to end at 32,151.71.

The FTSE 100 Futures (Dec) is trading 0.21 percent higher. The DAX Futures (Sep) is trading 0.40 percent higher. The CAC 40 Futures (Oct) had closed flat on Friday. U.S. Dollar Index, which measures the strength of the Dollar against a basket of six currencies retreated and is currently at 108.79. The EUR/USD pair has strengthened 0.44 percent to 1.0083, while the GBP/USD pair has gained 0.21 percent to 1.1611.

Gold Futures for December settlement declined 0.30 percent to trade at $1,723.65 per troy ounce, versus $1,728.60 on Friday.

WTI Crude Futures for October settlement is trading at $85.35, a decline of almost 1.7 percent whereas Brent Crude Futures for November settlement is trading at $91.48, down 1.5 percent from the previous close.

American stock futures point to positive trends, with the US 30 (DJIA) index up 0.09 percent and US500 (S&P 500) up 0.05 percent.

Asian markets are trading mostly higher in the backdrop of gains in Wall Street on Friday. Japan's Nikkei 225 and Australia's S&P ASX 200 are trading more than 1 percent higher. India's Nifty 50 has gained 0.72 percent. New Zealand's NZX 50 has edged up 0.20 percent. Stock markets in China, Hong Kong and South Korea are closed for a holiday.

July's GDP numbers are expected from U.K before market opening.

Earnings update is due Monday from specialty retailer Currys plc.

read more
Frozen Chicken & Cheese Taquitos Sold At ALDI Stores Recalled

Frozen Chicken & Cheese Taquitos Sold At ALDI Stores Recalled

Valencia, California-based Bestway Sandwiches Inc. has called back around 24,870 pounds of frozen chicken and cheese taquito products citing the potential to be contaminated with foreign material, specifically metal, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS.
RTTNews | Před 5 h 48 min
Asian Markets A Sea Of Red

Asian Markets A Sea Of Red

Asian stock markets are a sea of red on Monday, following the broadly negative cues from Wall Street on Friday, as stronger than expected US employment data weighed heavily on the outlook for interest rates. It raised concerns the US Fed will likely hold interest rates at current levels or slow down the pace of reductions. Rising bond yields also hurt. Asian markets closed mostly lower on Friday.
RTTNews | Před 7 h 40 min
Indian Shares Likely To Open Lower On Weak Global Cues

Indian Shares Likely To Open Lower On Weak Global Cues

Lower GIFT Nifty futures, and weak global cues amid uncertainty about the outlook for interest rate cuts by the Federal Reserve following upbeat non-farm payroll data point to a negative start for Indian shares on Monday.
RTTNews | Před 7 h 47 min
Australian Market Drifts Further Lower In Mid-market

Australian Market Drifts Further Lower In Mid-market

The Australian stock market is drifting further lower in mid-market trading on Monday, also adding to the losses in the previous two sessions, with the benchmark S&P/ASX 200 index falling well below the 8,200.00 level, with weakness in financial and technology stocks, partially offset by gains in mining and energy stocks amid spiking commodity prices.
RTTNews | Před 8 h 16 min
Thai Stock Market Expected To Open In The Red

Thai Stock Market Expected To Open In The Red

The Thai stock market on Friday snapped the two-day slide in which it had stumbled almost 30 points or 2.2 percent. The Stock Exchange of Thailand now sits just beneath the 1,370-point plateau although it figures to head south again on Monday.
RTTNews | Před 8 h 56 min
Indonesia Bourse May Hand Back Friday's Gains

Indonesia Bourse May Hand Back Friday's Gains

The Indonesia stock market on Friday wrote a finish to the two-day slide in which it had slumped almost 20 points or 0.3 percent. The Jakarta Composite Index now sits just beneath the 7,090-point plateau although it's expected to turn lower again on Monday.
RTTNews | Před 9 h 26 min
Australian Market Significantly Lower

Australian Market Significantly Lower

The Australian stock market is currently trading significantly lower on Monday, extending the losses in the previous two sessions, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,200.00 level, with weakness in financial and technology stocks, partially offset by gains in mining and energy stocks amid spiking commodity prices.
RTTNews | Před 9 h 33 min
Hong Kong Shares Tipped To Open To The Downside

Hong Kong Shares Tipped To Open To The Downside

The Hong Kong stock market has finished lower in five straight sessions, retreating more than 700 points or 3.7 percent along the way. The Hang Seng Index now sits just above the 19,060-point plateau and it's expected to extend its misery when it opens on Monday.
RTTNews | Před 9 h 41 min