European Shares May Drift Lower As Growth Worries Mount

RTTNews | 940 दिनों पहले

(RTTNews) - European stocks may open lower on Wednesday as global sentiment remains fragile amid concerns over aggressive Fed tightening, a worsening energy crisis in Europe and COVID-19 lockdowns in China.

The U.S. dollar held near two-decade highs and Treasury yields jumped, while gold prices slipped ahead of Thursday's ECB meeting, with economists expecting another outsized rate hike to fight soaring inflation.

Asian markets fell broadly as U.S. 10-year treasuries yields rose to 3.365 percent, the highest since June 16 on hawkish Fed bets.

U.S, crude futures fell nearly 2 percent to hover around $85 a barrel in Asian trading on fears of weak demand.

In economic releases, preliminary euro zone unemployment data for the second quarter, Eurozone Q2 GDP figures and the U.K. inflation numbers for July will be published later in the session.

Across the Atlantic, reaction to remarks by Fed officials, the Beige Book and a report on the U.S. trade deficit may drive trading.

U.S. stocks fell overnight as trading resumed after Monday's Labour Day recess.

The Dow dipped 0.6 percent, the tech-heavy Nasdaq Composite shed 0.7 percent and the S&P 500 gave up 0.4 percent as benchmark U.S. Treasury yields jumped to their highest levels since June on the back of strong services activity data.

European markets closed mostly higher on Tuesday after China pledged to make renewed efforts to boost its COVID-hit economy.

The pan European Stoxx 600 gained 0.2 percent. The German DAX climbed 0.9 percent, while France's CAC 40 index and the U.K.'s FTSE both edged up around 0.2 percent.

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Friday, following the broadly negative from Wall Street overnight, with some of the major markets being closed, as traders continue to assess the impact of the steeper-than-expected reciprocal tariffs imposed by US President Donald Trump on U.S. trade partners. Asian markets ended mostly lower on Thursday.

RTTNews | 4घंटे 4 मिनट पहले

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Friday, adding to the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling almost 2 percent to stay just above the 7,700 level, with weakness across most sectors led by energy and technology stocks.

RTTNews | 4घंटे 48 मिनट पहले

Sensex, Nifty Seen Lower At Open As Global Sell-off Deepens

Indian shares may follow global peers lower on Friday, even as a weakening dollar, plunging oil prices and expectations for accelerated Federal Reserve interest-rate cuts may help cap overall losses to some extent.

RTTNews | 4घंटे 55 मिनट पहले

Japanese Market Sharply Lower; Down 2.4%

Extending the sharp losses in the previous session, the Japanese market is sharply lower on Friday, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling 2.4 percent to below the 33,900 level, with weakness across most sectors led by index heavyweights, financial and technology stocks.

RTTNews | 5घंटे 59 मिनट पहले

Australian Market Sharply Lower

The Australian stock market is trading sharply lower on Friday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 7,800 level, with weakness across most sectors led by energy and technology stocks.

RTTNews | 6घंटे 26 मिनट पहले

Thai Shares Tipped To Open Under Water Again On Friday

The Thai stock market on Thursday ended the two-day winning streak in which it had advanced almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,160-point plateau and it's looking at another soft start again on Friday.

RTTNews | 6घंटे 27 मिनट पहले

Soft Start Expected For Singapore Stock Market

The Singapore stock market has tracked lower in four straight sessions, slumping almost 40 points or 1 percent along the way. The Straits Times Index now sits just above the 3,940-point plateau and it figures to open in the red again on Friday. The global forecast for the Asian markets is broadly negative after U.S. President Donald Trump's tariff announcement. The European and U.S. markets were sharply lower and the Asian bourses are expected to open in similar fashion. The STI finished modestly lower on Thursday following losses from the banks and mixed performances from the properties and industrials. For the day, the index lost 11.98 points or 0.30 percent to finish at 3,942.23 after trading between 3,902.98 and 3,955.04.

RTTNews | 6घंटे 57 मिनट पहले

Malaysia Bourse May Give Up Support At 1,500 Points

The Malaysia stock market has moved lower in two of three trading days since the end of the three-day winning streak in which it had picked up more than 30 points or 2 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,520-point plateau and it may take further damage again on Friday.

RTTNews | 7घंटे 27 मिनट पहले

EURUSD	1.108	GBPUSD	1.30949	AUDUSD	0.62564
USDJPY	145.861	USDCAD	1.40929	USDCHF	0.85468

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European Shares May Drift Lower As Growth Worries Mount