Loading...

European Shares Seen Opening Steady Ahead Of Powell Testimony

RTTNews | 1287 days ago

European Shares Seen Opening Steady Ahead Of Powell Testimony

(RTTNews) - European stocks are seen opening on a steady note Tuesday as investors prepare for a Congressional testimony from Fed Chair Jerome Powell.

Powell will testify before the Senate Banking Committee today and the House Financial Services Committee on Wednesday.

Investors remain worried over whether recent strong economic data will lead the Fed to get back to jumbo hikes.

Market participants also look ahead to the release of U.S. February jobs report on Friday for additional clues on the rate outlook.

Economists expect employment to increase by 200,000 jobs in February after an increase of 517,000 jobs in January. The unemployment rate is expected to hold at 3.4 percent.

Asian markets held largely steady in cautious trade while the dollar was subdued, helping lift base metals prices.

Australia's dollar and government bond yields slid after Reserve Bank Governor Philip Lowe said there were indications that inflation had peaked in the country.

Gold was unchanged while oil extended overnight gains as a shale executive projected America's most prolific basin will soon peak.

Overnight, U.S. stocks gave up early gains to end narrowly mixed, tracking a rebound in U.S. Treasury yields.

The tech-heavy Nasdaq Composite finished 0.1 percent lower while the Dow and the S&P 500 managed to finish in positive territory.

European stocks also ended Monday's session on a mixed note on disappointment over Chinese growth targets.

The pan European STOXX 600 ended flat with a negative bias. The German DAX gained half a percent and France's CAC 40 index edged up 0.3 percent while the U.K.'s FTSE 100 eased 0.2 percent.

read more

Canadian Market Edges Higher On Energy Boost

Canadian Market Edges Higher On Energy Boost

Canadian market's benchmark S&P/TSX Composite Index was modestly higher a little before noon on Monday with investors digesting the nation's inflation data and assessing the potential economic impact of elevated oil prices.

RTTNews | 40 minutes ago

Bay Street Likely To Open Weak; Inflation Data In Focus

Bay Street Likely To Open Weak; Inflation Data In Focus

Canadian stocks look headed for a weak start on Monday as selling is likely in the materials and technology sectors due to weak precious metals prices and warning of potentially large-scale AI-driven cyberattacks, respectively. Energy stocks may find support as oil prices are up sharply on supply concerns.

RTTNews | 4h 6min ago

Asian Markets Weighed By AI Worries, Crude Oil Price Spike

Asian Markets Weighed By AI Worries, Crude Oil Price Spike

Renewed worries about the development of Artificial Intelligence and the call by AI leaders to slowdown the pace of AI development dampened sentiment across Asian markets. The spike in crude oil prices as well as worries about inflation also weighed on market sentiment ahead of interest rate decisions by the Federal Reserve and Bank of Japan.

RTTNews | 4h 39min ago

FTSE Climbs Higher On Pharma, Energy Strength

FTSE Climbs Higher On Pharma, Energy Strength

London's benchmark index advanced 69.78 points to 10,720.22 on Monday, boosted by buying in pharmaceuticals, energy, and heavyweight counters. Sage Group climbed over 6%, while losses in mining and financial sectors limited the market's upside potential.

RTTNews | 4h 51min ago

CAC 40 Slides 0.65% On Oil Surge, Tech Selloff

CAC 40 Slides 0.65% On Oil Surge, Tech Selloff

The CAC 40 fell 52.79 points to 8,126.98 Monday, pressured by surging crude prices and warnings of large-scale AI-driven cyberattacks in the tech sector. Geopolitical tensions and central bank meeting caution also contributed.

RTTNews | 5h 20min ago

German Stocks Retreat Amid Geopolitical Oil Tensions, AI Warnings

German Stocks Retreat Amid Geopolitical Oil Tensions, AI Warnings

German equities declined Monday following Saudi pipeline attacks and AI risk warnings from industry executives. Rising oil prices and monetary policy anticipation added to market headwinds affecting multiple sectors.

RTTNews | 6h 15min ago

U.S. Dollar Rises Amid Fed Rate Hike Signals

U.S. Dollar Rises Amid Fed Rate Hike Signals

The U.S. dollar strengthened against other major currencies in the Asian session on Monday, as the Federal Reserve (Fed) is making aggressive rate-hike bets for Wednesday's decision, following higher U.S. inflation figures.

RTTNews | 8h 18min ago

U.S. Dollar Rises Against Majors

U.S. Dollar Rises Against Majors

The U.S. dollar strengthened against other major currencies in the Asian session on Monday.

RTTNews | 9h 28min ago

Terms | Privacy | Site Map | Site Map Calendar

© 2026 Myfxbook Ltd. All Rights Reserved.

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.