European Shares Seen Opening Up As French Political Worries Ease

RTTNews | Pred 113 dňami

(RTTNews) - European stocks are likely to open higher on Wednesday after the S&P 500 posted another record close overnight.

French political worries subsided, with parties making up the New Popular Front (NFP) claiming they have the right to govern and centrists seeking a role as the left lacks a majority.

The NFP won the most seats in the National Assembly but fell short of an absolute majority by about 100 seats. President Emmanuel Macron's centrists came second and the far-right National Rally (RN) third.

Asian markets traded mixed after Federal Reserve Chair Jerome Powell reiterated caution on rates, saying high inflation remains a risk.

Powell is scheduled to appear today before the House Financial Services Committee ahead of key U.S. data on consumer and producer price inflation.

Thursday's CPI data is expected to show consumer prices eased to 3.1 percent in June from 3.3 percent in May. A report for inflation at the wholesale level is expected Friday.

Focus also remain on the U.S. earnings season, with Delta Air Lines set to report its results on Thursday while top banks JPMorgan, Citigroup and Wells Fargo will unveil their earnings on Friday.

The dollar rose from a three-week low and gold edged up slightly while oil extended losses for a fourth day running as supply concerns due to Hurricane Beryl eased and investors weighed the rising possibility of a ceasefire deal in Gaza.

U.S. stocks ended narrowly mixed overnight as yields moved up after Powell told a Senate Banking Committee that inflation continues to moderate but "more good data" would strengthen the case for rate cuts.

He also noted that reducing policy restraint too late or too little could unduly weaken economic activity and employment.

The tech-heavy Nasdaq Composite edged up 0.1 percent and the S&P 500 inched up marginally to reach new record closing highs while the Dow slid 0.1 percent.

European stocks closed on a sluggish note Tuesday as uncertainty loomed for the euro after the French election.

The pan European STOXX 600 declined 0.9 percent. The German DAX dipped 1.3 percent, France's CAC 40 tumbled 1.6 percent and the U.K.'s FTSE 100 gave up 0.7 percent.

U.S. Consumer Prices Increase In Line With Estimates In September

The Commerce Department on Thursday released its report on U.S. personal income and spending in the month of September, which includes the Federal Reserve's preferred readings on consumer price inflation.

RTTNews | Pred 4 h 34 min

U.S. Weekly Jobless Claims Fall To 216,000

With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing an unexpected decline by first-time claims for U.S. unemployment benefits in the week ended October 26th.

RTTNews | Pred 4 h 44 min

Bay Street Seen Opening On Weak Note

Canadian stocks are likely to open on a weak note Thursday morning, weighed down by weak commodity prices, and global stocks. Disappointing earnings from U.S. tech giants Meta Platforms and Microsoft may also weigh.

RTTNews | Pred 4 h 51 min

Sensex, Nifty Extend Losses For Second Day

Indian shares fell notably on Thursday to extend losses from the previous session as investors awaited U.S. non-farm payrolls figures, inflation data and next week's presidential election for insight into the Federal Reserve policy.

RTTNews | Pred 6 h 50 min

French Inflation Rises Less Than Forecast

France's consumer price inflation rose at a slower-than-expected pace in October, provisional estimate from the statistical office INSEE showed on Thursday. Consumer price inflation rose slightly to 1.2 percent in October from 1.1 percent in September. The rate was forecast to climb to 1.9 percent.

RTTNews | Pred 7 h 21 min

European Shares Decline Ahead Of Inflation Data

European stocks were slightly lower on Thursday as investors assessed the latest batch of earnings and awaited the closely watched preliminary euro zone inflation reading for clues to the ECB's rate trajectory.

RTTNews | Pred 8 h 18 min

Asian Shares Decline Following BoJ Decision

Asian stocks ended broadly lower on Thursday as investors reacted to mixed earnings from U.S. technology companies and signals from the Bank of Japan that further rate rises were still on the horizon.

RTTNews | Pred 8 h 48 min

Yen Rises After BoJ Keeps Key Rate Unchanged

The Japanese yen strengthened against other major currencies in the Asian session on Thursday, after the Bank of Japan left its key interest rate unchanged as widely expected on Thursday and retained a cautious approach as political instability and looming U.S. presidential election added concerns about economic outlook.

RTTNews | Pred 9 h 30 min

EURUSD	1.08739	GBPUSD	1.29772	AUDUSD	0.65685
USDJPY	152.77	USDCAD	1.38955	USDCHF	0.86508