Latest news with #EuroStoxx50
Business Recorder
a day ago
- Business
- Business Recorder
Asian shares creep higher, dollar languishes before ECB
TOKYO: Shares in Asia crept higher and the US dollar languished ahead of the European Central Bank offering its policy outlook for a tumultuous global economy. The dollar slid in the previous session after weak US jobs and services data, with more weighty employment data due on Friday. Damage to the US economy is becoming more apparent from President Donald Trump's erratic tariff action, while bilateral deals remain unrealised. Canada prepared possible reprisals against the imposition of new US metals tariffs while the European Union reported progress in trade talks with Washington. Against that backdrop, market watchers considered the ECB almost certain to cut policy interest rates so will pay greater attention to what bank President Christine Lagarde signals about future decisions. 'There's uncertainty about the guidance the central bank will deliver given the murky outlook for US trade policy and global growth,' said Kyle Rodda, a senior financial market analyst at 'A failure to deliver sufficiently dovish guidance could upset the equity markets as well as give the euro upward trend additional momentum.' Trump's doubling of tariffs on steel and aluminium imports became effective on Wednesday, hitting Canada and Mexico in particular. The same day, his administration sought 'best offers' from trading partners to stop other import levies taking effect in July. Japan is sending key trade negotiator Ryosei Akaza to the US on Thursday for another round of talks. Germany's new chancellor, Friedrich Merz, is also due to head to Washington. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.7% in early trade, whereas Japan's Nikkei stock index slid 0.2%. The dollar index, which measures the greenback against a basket of currencies, was flat at 98.85 after a 0.5% slide on Wednesday. The dollar rose 0.1% against the yen to 142.92. Asia shares, dollar slip as tariff tensions darken mood The euro was flat at $1.1416 after a 0.4% gain in the trading previous session. Gold pared gains from the previous day while oil slipped after a build in US inventories and Saudi Arabia's cut to its July prices for Asian crude buyers. Spot gold edged 0.1% lower to $3,372.7 per ounce. US crude dipped 0.2% to $62.75 a barrel. The pan-region Euro Stoxx 50 futures were little changed while US stock futures, the S&P 500 e-minis, were down 0.1%.
Daily Maverick
a day ago
- Business
- Daily Maverick
Asian shares creep higher, dollar languishes before ECB
By Rocky Swift TOKYO, June 5 (Reuters) – Shares in Asia crept higher and the U.S. dollar languished ahead of the European Central Bank offering its policy outlook for a tumultuous global economy. The dollar slid in the previous session after weak U.S. jobs and services data, with more weighty employment data due on Friday. Damage to the U.S. economy is becoming more apparent from President Donald Trump 's erratic tariff action, while bilateral deals remain unrealised. Canada prepared possible reprisals against the imposition of new U.S. metals tariffs while the European Union reported progress in trade talks with Washington. Against that backdrop, market watchers considered the ECB almost certain to cut policy interest rates so will pay greater attention to what bank President Christine Lagarde signals about future decisions. 'There's uncertainty about the guidance the central bank will deliver given the murky outlook for U.S. trade policy and global growth,' said Kyle Rodda, a senior financial market analyst at 'A failure to deliver sufficiently dovish guidance could upset the equity markets as well as give the euro upward trend additional momentum.' Trump's doubling of tariffs on steel and aluminium imports became effective on Wednesday, hitting Canada and Mexico in particular. The same day, his administration sought 'best offers' from trading partners to stop other import levies taking effect in July. Japan is sending key trade negotiator Ryosei Akaza to the U.S. on Thursday for another round of talks. Germany's new chancellor, Friedrich Merz, is also due to head to Washington. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.7% in early trade, whereas Japan's Nikkei stock index .N225 slid 0.2%. The dollar index =USD, which measures the greenback against a basket of currencies, was flat at 98.85 after a 0.5% slide on Wednesday. The dollar rose 0.1% against the yen to 142.92 JPY=. The euro EUR= was flat at $1.1416 after a 0.4% gain in the trading previous session. Gold pared gains from the previous day while oil slipped after a build in U.S. inventories and Saudi Arabia's cut to its July prices for Asian crude buyers. Spot gold XAU= edged 0.1% lower to $3,372.7 per ounce. U.S. crude CLc1 dipped 0.2% to $62.75 a barrel. The pan-region Euro Stoxx 50 futures STXEc1 were little changed while U.S. stock futures, the S&P 500 e-minis ESc1, were down 0.1%.
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Business Standard
a day ago
- Business
- Business Standard
Asian shares edge up as dollar dips ahead of ECB policy, US jobs data
Shares in Asia crept higher and the US dollar languished ahead of the European Central Bank offering its policy outlook for a tumultuous global economy. The dollar slid in the previous session after weak US jobs and services data, with more weighty employment data due on Friday. Damage to the US economy is becoming more apparent from President Donald Trump's erratic tariff action, while bilateral deals remain unrealised. Canada prepared possible reprisals against the imposition of new US metals tariffs while the European Union reported progress in trade talks with Washington. Against that backdrop, market watchers considered the ECB almost certain to cut policy interest rates so will pay greater attention to what bank President Christine Lagarde signals about future decisions. "There's uncertainty about the guidance the central bank will deliver given the murky outlook for US trade policy and global growth," said Kyle Rodda, a senior financial market analyst at "A failure to deliver sufficiently dovish guidance could upset the equity markets as well as give the euro upward trend additional momentum." Trump's doubling of tariffs on steel and aluminium imports became effective on Wednesday, hitting Canada and Mexico in particular. The same day, his administration sought "best offers" from trading partners to stop other import levies taking effect in July. Japan is sending key trade negotiator Ryosei Akaza to the US on Thursday for another round of talks. Germany's new chancellor, Friedrich Merz, is also due to head to Washington. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.7 per cent in early trade, whereas Japan's Nikkei stock index slid 0.2 per cent. The dollar index, which measures the greenback against a basket of currencies, was flat at 98.85 after a 0.5 per cent slide on Wednesday. The dollar rose 0.1 per cent against the yen to 142.92. The euro was flat at $1.1416 after a 0.4 per cent gain in the trading previous session. Gold pared gains from the previous day while oil slipped after a build in US inventories and Saudi Arabia's cut to its July prices for Asian crude buyers. Spot gold edged 0.1 per cent lower to $3,372.7 per ounce. US crude dipped 0.2 per cent to $62.75 a barrel. The pan-region Euro Stoxx 50 futures were little changed while US stock futures, the S&P 500 e-minis, were down 0.1 per cent.
The Advertiser
a day ago
- Business
- The Advertiser
Asian shares higher, dollar flat before Europe outlook
Shares in Asia crept higher and the US dollar languished ahead of the European Central Bank offering its policy outlook for a tumultuous global economy. The dollar slid in the previous session after weak US jobs and services data, with more weighty employment data due on Friday. Damage to the US economy is becoming more apparent from President Donald Trump's erratic tariff action, while bilateral deals remain unrealised. Canada prepared possible reprisals against the imposition of new US metals tariffs while the European Union reported progress in trade talks with Washington. Against that backdrop, market watchers considered the ECB almost certain to cut policy interest rates so will pay greater attention to what bank President Christine Lagarde signals about future decisions. "There's uncertainty about the guidance the central bank will deliver given the murky outlook for US trade policy and global growth," said Kyle Rodda, a senior financial market analyst at "A failure to deliver sufficiently dovish guidance could upset the equity markets as well as give the euro upward trend additional momentum." Trump's doubling of tariffs on steel and aluminium imports became effective on Wednesday, hitting Canada and Mexico in particular. The same day, his administration sought "best offers" from trading partners to stop other import levies taking effect in July. Japan is sending key trade negotiator Ryosei Akaza to the US on Thursday for another round of talks. Germany's new chancellor, Friedrich Merz, is also due to head to Washington. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.7 per cent in early trade, whereas Japan's Nikkei stock index slid 0.2 per cent. The dollar index, which measures the greenback against a basket of currencies, was flat at 98.85 after a 0.5 per cent slide on Wednesday. The dollar rose 0.1 per cent against the yen to 142.92. The euro was flat at $1.1416 after a 0.4 per cent gain in the trading previous session. Gold pared gains from the previous day while oil slipped after a build in US inventories and Saudi Arabia's cut to its July prices for Asian crude buyers. Spot gold edged 0.1 per cent lower to $3,372.7 per ounce. US crude dipped 0.2 per cent to $62.75 a barrel. The pan-region Euro Stoxx 50 futures were little changed while US stock futures, the S&P 500 e-minis, were down 0.1 per cent. Shares in Asia crept higher and the US dollar languished ahead of the European Central Bank offering its policy outlook for a tumultuous global economy. The dollar slid in the previous session after weak US jobs and services data, with more weighty employment data due on Friday. Damage to the US economy is becoming more apparent from President Donald Trump's erratic tariff action, while bilateral deals remain unrealised. Canada prepared possible reprisals against the imposition of new US metals tariffs while the European Union reported progress in trade talks with Washington. Against that backdrop, market watchers considered the ECB almost certain to cut policy interest rates so will pay greater attention to what bank President Christine Lagarde signals about future decisions. "There's uncertainty about the guidance the central bank will deliver given the murky outlook for US trade policy and global growth," said Kyle Rodda, a senior financial market analyst at "A failure to deliver sufficiently dovish guidance could upset the equity markets as well as give the euro upward trend additional momentum." Trump's doubling of tariffs on steel and aluminium imports became effective on Wednesday, hitting Canada and Mexico in particular. The same day, his administration sought "best offers" from trading partners to stop other import levies taking effect in July. Japan is sending key trade negotiator Ryosei Akaza to the US on Thursday for another round of talks. Germany's new chancellor, Friedrich Merz, is also due to head to Washington. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.7 per cent in early trade, whereas Japan's Nikkei stock index slid 0.2 per cent. The dollar index, which measures the greenback against a basket of currencies, was flat at 98.85 after a 0.5 per cent slide on Wednesday. The dollar rose 0.1 per cent against the yen to 142.92. The euro was flat at $1.1416 after a 0.4 per cent gain in the trading previous session. Gold pared gains from the previous day while oil slipped after a build in US inventories and Saudi Arabia's cut to its July prices for Asian crude buyers. Spot gold edged 0.1 per cent lower to $3,372.7 per ounce. US crude dipped 0.2 per cent to $62.75 a barrel. The pan-region Euro Stoxx 50 futures were little changed while US stock futures, the S&P 500 e-minis, were down 0.1 per cent. Shares in Asia crept higher and the US dollar languished ahead of the European Central Bank offering its policy outlook for a tumultuous global economy. The dollar slid in the previous session after weak US jobs and services data, with more weighty employment data due on Friday. Damage to the US economy is becoming more apparent from President Donald Trump's erratic tariff action, while bilateral deals remain unrealised. Canada prepared possible reprisals against the imposition of new US metals tariffs while the European Union reported progress in trade talks with Washington. Against that backdrop, market watchers considered the ECB almost certain to cut policy interest rates so will pay greater attention to what bank President Christine Lagarde signals about future decisions. "There's uncertainty about the guidance the central bank will deliver given the murky outlook for US trade policy and global growth," said Kyle Rodda, a senior financial market analyst at "A failure to deliver sufficiently dovish guidance could upset the equity markets as well as give the euro upward trend additional momentum." Trump's doubling of tariffs on steel and aluminium imports became effective on Wednesday, hitting Canada and Mexico in particular. The same day, his administration sought "best offers" from trading partners to stop other import levies taking effect in July. Japan is sending key trade negotiator Ryosei Akaza to the US on Thursday for another round of talks. Germany's new chancellor, Friedrich Merz, is also due to head to Washington. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.7 per cent in early trade, whereas Japan's Nikkei stock index slid 0.2 per cent. The dollar index, which measures the greenback against a basket of currencies, was flat at 98.85 after a 0.5 per cent slide on Wednesday. The dollar rose 0.1 per cent against the yen to 142.92. The euro was flat at $1.1416 after a 0.4 per cent gain in the trading previous session. Gold pared gains from the previous day while oil slipped after a build in US inventories and Saudi Arabia's cut to its July prices for Asian crude buyers. Spot gold edged 0.1 per cent lower to $3,372.7 per ounce. US crude dipped 0.2 per cent to $62.75 a barrel. The pan-region Euro Stoxx 50 futures were little changed while US stock futures, the S&P 500 e-minis, were down 0.1 per cent. Shares in Asia crept higher and the US dollar languished ahead of the European Central Bank offering its policy outlook for a tumultuous global economy. The dollar slid in the previous session after weak US jobs and services data, with more weighty employment data due on Friday. Damage to the US economy is becoming more apparent from President Donald Trump's erratic tariff action, while bilateral deals remain unrealised. Canada prepared possible reprisals against the imposition of new US metals tariffs while the European Union reported progress in trade talks with Washington. Against that backdrop, market watchers considered the ECB almost certain to cut policy interest rates so will pay greater attention to what bank President Christine Lagarde signals about future decisions. "There's uncertainty about the guidance the central bank will deliver given the murky outlook for US trade policy and global growth," said Kyle Rodda, a senior financial market analyst at "A failure to deliver sufficiently dovish guidance could upset the equity markets as well as give the euro upward trend additional momentum." Trump's doubling of tariffs on steel and aluminium imports became effective on Wednesday, hitting Canada and Mexico in particular. The same day, his administration sought "best offers" from trading partners to stop other import levies taking effect in July. Japan is sending key trade negotiator Ryosei Akaza to the US on Thursday for another round of talks. Germany's new chancellor, Friedrich Merz, is also due to head to Washington. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.7 per cent in early trade, whereas Japan's Nikkei stock index slid 0.2 per cent. The dollar index, which measures the greenback against a basket of currencies, was flat at 98.85 after a 0.5 per cent slide on Wednesday. The dollar rose 0.1 per cent against the yen to 142.92. The euro was flat at $1.1416 after a 0.4 per cent gain in the trading previous session. Gold pared gains from the previous day while oil slipped after a build in US inventories and Saudi Arabia's cut to its July prices for Asian crude buyers. Spot gold edged 0.1 per cent lower to $3,372.7 per ounce. US crude dipped 0.2 per cent to $62.75 a barrel. The pan-region Euro Stoxx 50 futures were little changed while US stock futures, the S&P 500 e-minis, were down 0.1 per cent.
New Straits Times
a day ago
- Business
- New Straits Times
Asian shares creep higher, dollar languishes before ECB
TOKYO: Shares in Asia crept higher and the US dollar languished ahead of the European Central Bank offering its policy outlook for a tumultuous global economy. The dollar slid in the previous session after weak US jobs and services data, with more weighty employment data due on Friday. Damage to the US economy is becoming more apparent from President Donald Trump's erratic tariff action, while bilateral deals remain unrealised. Canada prepared possible reprisals against the imposition of new US metals tariffs while the European Union reported progress in trade talks with Washington. Against that backdrop, market watchers considered the ECB almost certain to cut policy interest rates so will pay greater attention to what bank President Christine Lagarde signals about future decisions. "There's uncertainty about the guidance the central bank will deliver given the murky outlook for US trade policy and global growth," said Kyle Rodda, a senior financial market analyst at "A failure to deliver sufficiently dovish guidance could upset the equity markets as well as give the euro upward trend additional momentum." Trump's doubling of tariffs on steel and aluminium imports became effective on Wednesday, hitting Canada and Mexico in particular. The same day, his administration sought "best offers" from trading partners to stop other import levies taking effect in July. Japan is sending key trade negotiator Ryosei Akaza to the US on Thursday for another round of talks. Germany's new chancellor, Friedrich Merz, is also due to head to Washington. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.7 per cent in early trade, whereas Japan's Nikkei stock index slid 0.2 per cent. The dollar index, which measures the greenback against a basket of currencies, was flat at 98.85 after a 0.5 per cent slide on Wednesday. The dollar rose 0.1 per cent against the yen to 142.92. The euro was flat at US$1.1416 after a 0.4 per cent gain in the trading previous session. Gold pared gains from the previous day while oil slipped after a build in US inventories and Saudi Arabia's cut to its July prices for Asian crude buyers. Spot gold edged 0.1 per cent lower to US$3,372.7 per ounce. US crude dipped 0.2 per cent to US$62.75 a barrel. The pan-region Euro Stoxx 50 futures were little changed while US stock futures, the S&P 500 e-minis, were down 0.1 per cent.
