European Shares Poised To Open Mixed As Trump Extends Lead In Swing States

RTTNews | 18 dias atrás
European Shares Poised To Open Mixed As Trump Extends Lead In Swing States

(RTTNews) - European stocks may open on a mixed note Wednesday as investors ponder over what a Trump presidency could mean for the region. A proposed 10 percent U.S. tariffs risk hitting European exports like autos and chemicals.

According to early trends, Republican candidate Donald Trump holds a slim lead over Democratic nominee Kamala Harris in key battleground states.

Asian markets traded mixed, with Hong Kong's Hang Seng falling 2.6 percent on fears over the fallout from heightened trade tensions.

Investors also await the outcome of a meeting of top policymakers in Beijing this week that could approve local government debt refinancing and spending.

Japan's Nikkei index was up nearly 2 percent as the yen plummeted to its lowest level since late July, boosting export-related stocks

The dollar index and Treasury yields climbed, denting demand for bullion ahead of interest-rate decision from the Federal Reserve and the Bank of England due this week.

Eurozone final composite PMI figures and Germany factory orders data may also garner some attention as the day progresses.

Oil prices were down more than 1 percent in Asian trade as industry data showed a bigger than expected build in U.S. inventories.

Overnight, U.S. stocks rose sharply in a broad rally as Americans voted in one of the tightest presidential elections in decades and data showed the U.S. services sector accelerated to a more than two-year high in October.

The tech-heavy Nasdaq Composite surged 1.4 percent, the S&P 500 rallied 1.2 percent and the Dow added 1 percent.

European stocks closed higher on Tuesday as focus shifted to the U.S. election and upcoming monetary policy announcements.

The pan European STOXX 600 ended flat with a positive bias. The German DAX rose 0.6 percent and France's CAC 40 gained half a percent while the U.K.'s FTSE 100 slipped 0.1 percent.

read more
TSX Closes At New Record High

TSX Closes At New Record High

The Canadian market closed modestly higher on Friday, lifted by gains in industrials and energy stocks. Positive reaction to the nation's retails data and the recent announcement of a mini stimulus package contributed to the upside.
RTTNews | 1 dia atrás
Swiss Stocks Close On Strong Note

Swiss Stocks Close On Strong Note

Swiss stocks closed on a bright note on Friday, in line with markets across Europe, as weak manufacturing and services sector data from major European countries such as the U.K., Germany and France raised hopes that central banks will cut interest rates further to help revive growth.
RTTNews | 2 dias atrás
Canadian Market Modestly Higher In Cautious Trade

Canadian Market Modestly Higher In Cautious Trade

The Canadian market is modestly higher a little past noon on Friday with stocks turning in a mixed performance in cautious trade. Investors are digesting the latest economic data from Canada and the U.S., while continuing to follow the developments on the geopolitical front.
RTTNews | 2 dias atrás
U.S. Consumer Sentiment Improves Less Than Previously Estimated In November

U.S. Consumer Sentiment Improves Less Than Previously Estimated In November

Consumer sentiment in the U.S. improved less than previously estimated in the month of November, according to revised data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index for November was downwardly revised to 71.8 from the preliminary reading of 73.0.
RTTNews | 2 dias atrás
Bay Street Seen Opening Higher

Bay Street Seen Opening Higher

The Canadian market may open higher on Friday, with materials shares finding some support on firm metal prices. Investors will also be reacting to Canadian retails sales data and U.S. producer prices report.
RTTNews | 2 dias atrás
Regulator CFPB To Consider Apple Pay, Other Digital Payment Apps As Banks

Regulator CFPB To Consider Apple Pay, Other Digital Payment Apps As Banks

The US Consumer Financial Protection Bureau or CFPB has finalized a rule to supervise Apple Inc. and other major technology firms that offer digital funds transfer and payment wallet apps, and treat them more like banks. In a statement, the US consumer watchdog said the rule on federal oversight of popular digital payment apps by the largest non-bank companies is aimed to protect personal data...
RTTNews | 2 dias atrás