European Shares Seen Drifting Lower As Micron's Forecast Fails To Meet Expectations

RTTNews | 375日前
European Shares Seen Drifting Lower As Micron's Forecast Fails To Meet Expectations

(RTTNews) - European stocks are seen opening on a cautious note Thursday, with technology stocks likely to come under selling pressure as memory chip major Micron's in-line revenue guidance disappointed investors who had expected more.

Markets may also remain on edge ahead of the first Trump-Biden Presidential debate of the year later in the day

U.S. Democrat and Republican front-runners Joe Biden and Donald Trump will meet for a debate in Atlanta, Georgia at 9.00 pm ET before CNN moderators Jake Tapper and Dana Bash, ahead of November's hotly contested U.S. election.

In economic releases, investors await directional cues from the U.S. PCE price index data on Friday, which is the Federal Reserve's preferred inflation gauge.

U.S. reports on Q1 quarter GDP, durable goods orders for the month of May and jobless claims are also due this week.

The European economic calendar remains light, with Eurozone economic sentiment survey results awaited later in the day.

Asian markets declined as tech stocks resumed declines and data showed growth in China's industrial profits slowed sharply in May, raising concerns over economic recovery.

Treasuries extended their sell-off while gold steadied below $2,300 per ounce after a two-day decline.

Oil edged lower on fears of slowing U.S. demand after data showed a surprise inventory build.

Overnight, U.S. stocks struggled for direction before ending slightly higher as investors awaited key economic data and the Fed's release of results from its annual banking sector stress test.

In economic news, data showed sales of new U.S. single-family homes dropped to a six-month low in May as mortgage rates remain elevated.

The tech-heavy Nasdaq Composite gained half a percent while the S&P 500 edged up 0.2 percent and the Dow finished marginally higher.

After Wall Street's close, the Federal Reserve said that all 31 tested banks remain well positioned to withstand a major recession but aren't in as strong of a position as they were the year prior.

European stocks ended lower on Wednesday, failing to hold early gains due to uncertainty over French election outcome and the U.S. interest-rate outlook.

The pan European STOXX 600 gave up 0.6 percent. The German DAX slipped 0.1 percent, France's CAC 40 shed 0.7 percent and the U.K.'s FTSE 100 eased 0.3 percent.

read more
UK House Prices Remain Flat In June: Halifax

UK House Prices Remain Flat In June: Halifax

UK house prices remained flat in June after falling last month as more first-time buyers returned to the market, data from the mortgage lender Halifax showed on Monday. House prices stagnated on a monthly basis, reversing May's 0.3 percent decrease. Prices were forecast to fall 0.1 percent. At the same time, annual growth in house prices softened to 2.5 percent from 2.6 percent in the preceding
RTTNews | 1時56分前
European Markets Seen Opening Mixed On Monday

European Markets Seen Opening Mixed On Monday

Stock markets in Europe are expected to open on a mixed note on Monday as relief at the extension of the tariff deadline to August 1 and warnings of fresh tariffs on countries that align with BRICS policies are both expected to sway sentiment.
RTTNews | 3時5分前
European Economic News Preview: Germany Industrial Output Data Due

European Economic News Preview: Germany Industrial Output Data Due

Industrial production from Germany and house prices from the UK are the top economic news due on Monday. At 2.00 am ET, Destatis is scheduled to issue Germany's industrial production for May. Industrial production is forecast to fall 0.6 percent month-on-month, slower than the 1.4 percent decrease in April. In the meantime, UK Halifax house price data is due.
RTTNews | 3時43分前
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Monday, reversing the slight gains in the previous session, following the negative cues from European markets and lack of cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 8,600.00 level, with weakness in gold miners and financial stocks and a mixed performance most other sectors.
RTTNews | 5時39分前
Asian Markets Trade Mostly Lower

Asian Markets Trade Mostly Lower

Asian stock markets are trading mostly lower on Monday, following he broadly negative cues from European markets and lack of cues from Wall Street on Friday, amid ongoing concerns about U.S. tariffs after US President Donald Trump announced that his government will send letters to around 170 trading partners outlining new, simple unilateral tariffs that will take effect on August 1.
RTTNews | 6時28分前