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Canada scraps digital services tax to advance broader trade talks with the U.S.The share price of Hong Kong-listed Laopu Gold (06181.HK) continued to rise, breaking through the HK$1,000 mark, and the intraday increase expanded to 14.48%.The Hang Seng Index in Hong Kong opened at 24,274.91 points, down 9.24 points, or 0.04%, on Monday, June 30; the Hang Seng Technology Index opened at 5,351.99 points, up 10.56 points, or 0.2%, on Monday, June 30; the CSI 30 Index opened at 8,766.42 points, up 3.95 points, or 0.05%, on Monday, June 30; and the H-share Index opened at 4,073.54 points, up 6.81 points, or 0.17%, on Monday, June 30.On June 30, according to the latest poll by Newsweek, US President Trumps approval rating has dropped to a historic low, with 53% of Americans dissatisfied with Trumps performance in his second term as president, while 43% are satisfied. The report said that Trumps recent series of measures, including deploying the National Guard and Marines to Los Angeles and ordering air strikes on Iranian nuclear facilities, have increased public dissatisfaction with him.Oil prices fell on Monday as the prospect of easing geopolitical risks in the Middle East and OPEC+ plans to increase production again in August boosted supply outlook. IG market analyst Tony Sycamore said: "After the Iran-Israel ceasefire, the market has basically eliminated the geopolitical risk premium included in oil prices. Further weighing on the market was the news that four representatives from OPEC+ said the organization plans to increase production by 411,000 barrels per day in August, after similar increases in May, June and July."

European Stock Markets Begin The Holiday Week With A Gain

Aria Thomas

Dec 27, 2022 17:16

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European markets began the abbreviated last week of the year on a positive note.


The DAX was up 0.8%, the CAC 40 was up 1.05%, and the Euro Stoxx 50 was up 0.94% as of 03:10 ET (08:10 GMT).


On January 8, Chinese officials will no longer need foreigners entering the country to undergo quarantine. This is the most significant international news to emerge from China. The idea of China's openness might be the justification for market gains. The Nikkei 225 and the Shanghai Composite both ended the day with gains, with the Nikkei 225 gaining 0.16% and the Shanghai Composite gaining 1%.


At 03:15 ET (08:15 GMT), the EUR/USD was also up 0.1%, while the US Dollar Index fell 0.2%, a possible indication of a risk-on Santa rally to close out the year.


In keeping with the holiday schedule, today's economic calendar is somewhat light, with the Case-Shiller housing index, U.S. retail inventories, and French bond auctions serving as highlights.


LVMH Mot Hennessy Louis Vuitton SE (EPA:LVMH) (+2%), Airbus Group SE (EPA:AIR) (+1.7%), TotalEnergies SE (EPA:TTEF) (+1.5%), Eni SpA (BIT:ENI) (+1.4%), and BASF SE (ETR:BASFN) (+1.3%) were among the leading Euro Stoxx 50 gainers. Grifols SA (BME:GRLS) was the most significant decliner, down 2%. Very few large European equities were in the red.


Crude Oil WTI Futures traded down 0.1%, while Brent Oil Futures declined 0.15 % on commodities markets. Gold Futures resumed their strong pace at the end of the year, trading 0.65% higher.

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