European Shares Seen Tad Higher At Open

RTTNews | Pred 830 dňami

(RTTNews) - European stocks may open higher on Monday after Wall Street ended Friday with a broad rally, led by a jump in Netflix and Alphabet shares.

That said, volatility cannot be ruled out amid lingering concerns about a weakening U.S. economy and a possible surge in COVID-19 cases in China as the travel rush takes place around the Lunar New Year holiday period.

Asian stocks were broadly higher in thin trade, with markets in mainland China, Hong Kong, Singapore and Seoul closed for Lunar New Year celebrations. The Chinese markets will remain shut for the whole week.

Gold ticked higher on dollar weakness after ECB governing council member Klaas Knot said interest rates would rise by 50 basis points in both February and March and continue climbing in the months after.

Oil edged lower in Asian trading after hitting the highest level since mid-November Friday on optimism over increased demand from China.

Euro area consumer confidence survey results and a speech by ECB President Christine Lagarde at an event may sway sentiment as the day progresses.

Across the Atlantic, traders are likely to keep an eye on the latest U.S. economic data, including reports on durable goods orders, fourth quarter GDP, new home sales and personal income and spending this week.

The U.S. earnings season kicks into high gear this week, with General Electric, Johnson & Johnson, Verizon, Microsoft, AT&T, Boeing, IBM Corp., Tesla, Intel and American Express among the prominent companies due to report their financial results. U.S. stocks rose sharply on Friday, as streaming giant Netflix reported stronger than expected subscriber growth, Google parent Alphabet revealed a plan to cut 12,000 jobs globally and Fed officials Patrick Harker and Christopher Waller said they favor a 25-basis-point rate hike at the next meeting.

The tech-heavy Nasdaq Composite jumped 2.7 percent and the S&P 500 added 1.9 percent to mark its first gain in four days while the Dow gained 1 percent.

European stocks closed higher on Friday amid optimism about Chinese economic growth and signs of cooling inflation.

The pan-European STOXX 600 gained 0.4 percent. The German DAX rose 0.8 percent, France's CAC 40 index edged up 0.6 percent and the U.K.'s FTSE 100 inched up 0.3 percent.

U.S. Factory Orders Spike Slightly Less Than Expected In March

The Commerce Department released a report on Friday showing a sharp increase by new orders for U.S. manufactured goods in the month of March. The report said factory orders spiked by 4.3 percent in March after rising by a downwardly revised 0.5 percent in February.

RTTNews | Pred 45 minútami

U.S. Employment Jumps By 177,000 Jobs In April, Much More Than Expected

Job growth in the U.S. far exceeded economist estimates in the month of April, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 177,000 jobs in April compared to expectations for an increase of about 130,000 jobs.

RTTNews | Pred 1 h 39 min

Eurozone Inflation Remains Stable At 2.2%

Euro area annual inflation remained stable in April near the European Central Bank's 2 percent target, but the trade tariff uncertainty clouds the outlook. The harmonized index of consumer prices grew 2.2 percent on a yearly basis in April, the same pace of increase as seen in March, flash data from Eurostat showed on Friday. Prices were expected to climb at a slower pace of 2.1 percent.

RTTNews | Pred 2 h 3 min

Eurozone Manufacturing Activity Shrinks At Slower Pace

Euro area factory activity contracted at a slower pace in April as production grew at the fastest pace in more than three years, final data of the purchasing managers' survey by S&P Global showed Friday. The HCOB manufacturing Purchasing Managers' Index rose to a 32-month high of 49.0 in April from 48.6 in March. The score was also above the flash estimate of 48.7.

RTTNews | Pred 2 h 15 min

Bay Street May Open Higher

The Canadian market is likely to open on a positive note on Friday, tracking firm European stocks amid easing concerns over U.S.-China trade tensions after Beijing stated its willingness to engage in tariff negotiations with the United States.

RTTNews | Pred 2 h 18 min

U.S. Employment Jumps Much More Than Expected In April

Job growth in the U.S. far exceeded economist estimates in the month of April, according to a closely watched report released by the Labor Department on Friday.

RTTNews | Pred 2 h 29 min

SharkNinja Recalls 1.85 Mln Pressure Cookers

SharkNinja Operating LLC is recalling about 1.85 million units of Foodi Multi-Function Pressure Cookers citing risk of burn, and after 26 lawsuits were filed, according to the U.S. Consumer Product Safety Commission or CPSC. In addition, about 184,240 units were sold in Canada. The agency noted that the pressure-cooking lid can be opened during use, causing hot contents to escape.

RTTNews | Pred 2 h 45 min

FTSE 100 Moderately Higher; Shell Rises Sharply After Announcing Share Buyback

UK stocks are up in positive territory on Friday, in line with other major markets in Europe, amid optimism over easing U.S.-China trade relations. Investors are also reacting to a slew of earnings announcements.

RTTNews | Pred 3 h 6 min

EURUSD	1.1362	GBPUSD	1.33216	AUDUSD	0.64633
USDJPY	144.126	USDCAD	1.37765	USDCHF	0.82425

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European Shares Seen Tad Higher At Open