European Shares Likely To Open On Firm Note

RTTNews | 1 day ago

(RTTNews) - European stocks look set to open on a firm note Monday despite fresh tariff announcements from U.S. President Donald Trump.

Trump announced new 25 percent tariffs on all steel and aluminum imports, raising fears of a brewing global trade war and its potential impact on the global economy.

As China's retaliatory tariffs on U.S. goods take effect later in the day, Trump also stated that he would announce reciprocal tariffs on Tuesday or Wednesday that mirror the tariffs those countries charge on American exports.

Asian markets traded mixed, with mining stocks suffering losses in Australia, South Korea and Japan while tech stocks surged in China and Hog Kong, fueled by optimism surrounding DeepSeek's rapid ascent.

Inflation data from China painted a mixed picture, with consumer inflation accelerating to its fastest in five months in January while producer price deflation persisted.

The dollar surged ahead of the release of U.S. consumer and producer price inflation figures along with congressional testimony by Federal Reserve Chair Jerome Powell due this week.

The release of Eurozone Sentix investor confidence for February and a speech from ECB President Christine Lagarde will be in the spotlight later in the day.

Gold edged higher to a record high amid escalating trade tensions between the U.S. and China.

Oil ticked higher after a string of weekly declines as the U.S. government imposed new sanctions on Iran's crude exports.

U.S. stocks tumbled on Friday amid fresh tariff and inflation jitters.

Meanwhile, the latest jobs report painted a mixed picture, with the unemployment rate ticking down to 4 percent while fewer jobs than expected were added in January.

Nonfarm payrolls rose by 143,000 jobs last month, significantly lower than the revised 307,000 in December and missing forecast of 169,000.

A gauge of U.S. consumer sentiment unexpectedly fell in February, but one-year inflation expectations moved up to 4.3 percent from 3.3 percent -- the highest reading since 2023.

The tech-heavy Nasdaq Composite shed 1.4 percent, while the Dow and the S&P 500 both lost around 1 percent.

European stocks closed lower on Friday as investors reacted to a flurry of earnings reports, U.S. jobs data and the U.S.-China trade spat.

The pan European STOXX 600 dipped 0.4 percent. The German DAX shed half a percent, France's CAC 40 gave up 0.4 percent and the U.K.'s FTSE eased 0.3 percent.

Additional Support Expected For China Stock Market

The China stock market has moved higher in three straight sessions, improving almost 90 points or 2.8 percent along the way. The Shanghai Composite Index now rests just above the 3,320-point plateau and it may add to its winnings again on Tuesday. The global forecast for the Asian markets is upbeat, supported by the oil, finance and technology sectors. The European and U.S. markets saw modest upside and the Asian bourses are expected to follow suit. The SCI finished modestly higher again on Monday as gains from the properties and resource stocks were offset by weakness from the financial shares. For the day, the index added 18.50 points or 0.56 percent to finish at 3,322.17 after trading between 3,299.24 and 3,325.36. The Shenzhen Composite Index climbed 21.57 points or 1.08 percent to end at 2,017.81. Among the actives, Industrial and Commercial Bank of China fell 0.30 percent, while Bank of China dipped 0.19 percent, China Merchants Bank collected 1.00 percent, China Life Insurance shed 0.54 percent, Jiangxi Copper added 0.42 percent, Aluminum Corp of China (Chalco) improved 0.77 percent, Yankuang Energy lost 0.67 percent, PetroChina slipped 0.36 percent, China Shenhua Energy and Huaneng Power both sank 0.77 percent, Gemdale gained 0.42 percent, Poly Developments perked 0.24 percent and China Vanke, China Construction Bank, Agricultural Bank of China and China Petroleum and Chemical (Sinopec) were unchanged.

RTTNews | 5h 20min ago

Taiwan Shares May Bounce Higher Again On Tuesday

The Taiwan stock market on Monday wrote a finish to the four-day winning streak in which it had spiked more than 760 points or 3.4 percent. The Taiwan Stock Exchange now rests just above the 23,250-point plateau although it may see renewed support on Tuesday. The global forecast for the Asian markets is upbeat, supported by the oil, finance and technology sectors. The European and U.S. markets saw modest upside and the Asian bourses are expected to follow suit.

RTTNews | 5h 50min ago

Singapore Bourse May Add To Its Winnings On Tuesday

The Singapore stock market has moved higher in three straight sessions, collecting almost 60 points or 1.7 percent along the way. The Straits Times Index now sits just above the 3,875-point plateau and it's likely to open to the upside again on Tuesday. The global forecast for the Asian markets is upbeat, supported by the oil, finance and technology sectors. The European and U.S. markets saw modest upside and the Asian bourses are expected to follow suit. The STI finished modestly higher on Monday as gains from the financials and telecoms were offset by weakness from the industrials and properties. For the day, the index added 13.71 points or 0.36 percent to finish at 3,875.13 after trading between 3,872.98 and 3,921.30. Among the actives, CapitaLand Integrated Commercial Trust gathered 0.51 percent, while CapitaLand Investment tanked 1.99 percent, City Developments dipped 0.40 percent, DBS Group jumped 1.57 percent, DFI Retail gained 0.85 percent, Genting Singapore rose 0.68 percent, Hongkong Land plummeted 3.67 percent, Keppel DC REIT sank 0.91 percent, Keppel Ltd fell 0.74 percent, Mapletree Pan Asia Commercial Trust shed 0.83 percent, Mapletree Logistics Trust lost 0.81 percent, Oversea-Chinese Banking Corporation collected 0.35 percent, SATS stumbled 1.82 percent, Seatrium Limited slumped 0.93 percent, SembCorp Industries dropped 0.92 percent, Singapore Technologies Engineering plunged 2.00 percent, SingTel advanced 0.91 percent, Thai Beverage retreated 0.97 percent, Venture Corporation rallied 1.91 percent, Wilmar International and Jardine Matheson both eased 0.30 percent, Yangzijiang Financial spiked 2.11 percent, Yangzijiang Shipbuilding slid 0.66 percent and Comfort DelGro, Emperador, Mapletree Industrial Trust and UOL Group were unchanged.

RTTNews | 6h 20min ago

TSX Ends On Strong Note Despite Tariff Threats

Despite U.S. President Donald Trump's fresh tariff threats, the Canadian market stayed positive on Monday and closed on a strong note, as higher commodity prices and expectations of more monetary easing by a few central banks helped underpin sentiment.

RTTNews | 6h 32min ago

Higher Open Called For South Korea Stock Market

The South Korea stock market has moved lower in back-to-back sessions, giving away more than 15 points or 0.6 percent along the way. The KOSPI now rests just above the 2,520-point plateau although it may find support on Tuesday. The global forecast for the Asian markets is upbeat, supported by the oil, finance and technology sectors. The European and U.S. markets saw modest upside and the Asian bourses are expected to follow suit. The KOSPI finished barely lower on Monday following losses from the industrials and mixed performances from the financial shares and technology stocks. For the day, the index eased 0.65 points or 0.03 percent to finish at 2,521.27 after trading between 2,499.18 and 2,527.33. Volume was 386.81 million shares worth 10.38 trillion won. There were 454 decliners and 414 gainers. Among the actives, Shinhan Financial collected 0.30 percent, while KB Financial retreated 1.28 percent, Hana Financial slumped 1.46 percent, Samsung Electronics rallied 3.54 percent, Samsung SDI improved 0.72 percent, LG Electronics lost 0.63 percent, SK Hynix stumbled 2.41 percent, Naver advanced 0.89 percent, LG Chem jumped 1.81 percent, Lotte Chemical weakened 1.65 percent, SK Innovation dipped 0.26 percent, POSCO Holdings sank 0.84 percent, SK Telecom fell 0.36 percent, KEPCO was down 0.24 percent, Hyundai Mobis eased 0.20 percent, Hyundai Motor shed 0.55 percent and Kia Motors tumbled 1.97 percent.

RTTNews | 6h 50min ago

Dollar Extends Gains Against Major Counterparts

The U.S. dollar gained against its major counterparts on Monday amid concerns about inflation and slightly fading hopes of more interest rate cuts by the Fed following new tariff threats from U.S. President Donald Trump.

RTTNews | 7h 37min ago

U.S. Households' Longer Term Inflation Expectations Rise: NY Fed Survey

American households' expectations of inflation in five years increased in January, while their spending growth hopes fell to the lowest level in four years, results of a survey by the Federal Reserve Bank of New York showed on Monday.

RTTNews | 9h 22min ago

Canadian Market Holds Firm, Look Set To Close On Strong Note

Despite U.S. President Donald Trump's tariff threats, the Canadian markets remains firmly placed in positive territory Monday afternoon with stocks from across several sectors moving higher on strong buying support. Higher commodity prices and expectations of more monetary easing by several central banks appear to be prompting investors to pick up stocks.

RTTNews | 9h 59min ago

EURUSD	1.03047	GBPUSD	1.23607	AUDUSD	0.62716
USDJPY	151.753	USDCAD	1.43323	USDCHF	0.91133